According to the latest estimates, the U.S. is facing a housing shortfall of several million homes. That means there are far more people looking to buy (demand) than there are homes for sale (supply). That mismatch is the key reason why prices won’t fall at the national level.
The 2024 Presidential election is just months away. As someone who’s thinking about potentially buying or selling a home, you’re probably curious about what effect, if any, elections have on the housing market. It’s a great question because buying or selling a home is a major decision, and it’s natural to wonder how such a major event might impact your plans. Historically, Presidential … Read More
Our company typically chooses to spotlight another local business, but this month, the business we had lined up for July had to reschedule the article. This gave us an opportunity to provide an update on two real estate topics. First, to explain the trends we are seeing in our local market this year and second, … Read More
If you’re trying to find a house to buy, this may be something you’re wondering about. Maybe you’ve read about it or seen reels on social media saying investors buying all the homes is making it even harder to find what the average buyer is looking for.
We have found that people have very contrasting opinions on home prices in the current market. Many feel that prices are coming down due to the higher interest rates while others believe that prices are rising due to the low supply of homes for sale. The truth is, prices are still going up but not as fast they were in 2020 and 2021. For example, in 2020 the average home price in Clarke County was $258,000. By the end of 2022, the average home sale price was $356,000 representing a 38% increase in just two years. As of November 30th, the average home sale price in 2023 was $377,000 which represents a 6% increase from 2022 which is more in line with historical rates of appreciation.
Due to the rapid appreciation of real estate and a higher interest rate climate these days, everyone has an opinion about the real estate market- some good and some bad. The market is different today, but not in the ways most people think. Here are some questions our agents have been receiving along with our response.
If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a home? Here’s what you need to know.
Before you let anyone view your home or even know your home is for sale, it is a good idea to get your home ready for the market and for showings. This can be an expensive and time-consuming task. Some people in this world can keep their home in immaculate condition most of the time, but your typical homeowner has a hard time
A 1031 Tax Deferred Exchange is sometimes mislabeled as a tax-free exchange. The initial thing you should understand is that the taxes are deferred, not removed. This is probably the biggest misconception of a 1031. The term “1031” comes from the section of the IRS internal revenue code where the rules and regulations are outlined. In general terms, a 1031 Exchange is when someone sells an investment property for a financial gain and instead of immediately paying taxes on the gain,
When looking to buy a condo in Athens, GA, working with an experienced real estate agent like Scott Talley can be a game-changer. Scott is a licensed real estate agent who has worked in the industry for several years. He has an in-depth understanding of the Athens real estate market, and he can help you find the right condo that meets your needs and budget.
