Patty Lawson, Realtor

Both mortgage rates and weekly mortgage demand are stuck in place, suggesting a slow summer housing market Total mortgage application volume was essentially flat last week, up just 0.8% from the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.

Home Prices Are Rising Across the Top Cities in the U.S., including the Atlanta area.

These Top Cities Show Home Prices Are Still Climbing If you’re considering buying a home or selling your current one to find something that better suits your needs, you may have questions about what’s happening with home prices today. 

Buyers are in need of homes to buy! If you are thinking about selling, getting your home in great showing condition is still very important. You want top dollar for your home and buyers are willing to pay top dollar for homes that are updated and in good condition. Be realistic about the price of your home based on the condition.

There's Only Half the Inventory of a Normal Housing Market Today Wondering if it still makes sense to sell your house right now?

We are still low on inventory and homes are selling despite the higher interest rate. Reach out to me and let's discuss if it's time for you to make a move.

Home Prices Are Rebounding If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come.

Now is a great time to sell. Get in touch and I'll let you know what is happening in your neighborhood or area.

Low Housing Inventory Is a Sweet Spot for Sellers [INFOGRAPHIC] Today’s housing inventory is still well below more normal years.

MAY 2023 HOUSING INDICATORS

The Monthly Housing Indicators for Georgia are in for May. Both Pending and Closed Sales declined. Inventory and Days on Market posted sizable increases, while Average Sales Price posted modest gains.
New Listings decreased 16 percent to 15,883
Pending Sales decreased 15 percent to 12,021
Closed Sales were down 14 percent to 12,384
Days on Market increased 77 percent to 39 days
The Median Sales Price increased less than one percent to $356,000
The Average Sales Price increased three percent to $433,052
Inventory levels increased 19 percent to 23,613 units
Months Supply of Inventory was up to 2.2 months

If you receive a friend request from me, please ignore. Someone has hacked my account.

Powerful Job Market Fuels Homebuyer Demand The spring housing market has been surprisingly active this year.

If you are thinking about selling, let's connect.

Reasons To Sell Your House Today [INFOGRAPHIC] Not sure if selling your house is the right move today? You should know there are a number of reasons it still makes sense to sell now.Your house will stand out because inventory is low. That’s why the number of offers on recently sold homes is on the rise. And most homeowners have a lot of equity...

Buy Now or Wait to Buy? if you’re in a good position to buy, lean on your team of expert advisors for the best advice. Whatever your plans, let’s connect to make sure you’re able to navigate the spring housing market with confidence.

What Are the Experts Saying About the Spring Housing Market? The housing market’s been going through a lot of change lately, and there’s been uncertainty surrounding what will happen this spring.

MARCH HOUSING INDICATORS
The Monthly Housing Indicators for Georgia are in for March. Inventory and Days on Market posted significant increases, while Sales Prices posted modest gains. Both Pending and Closed Sales declined.

New Listings decreased 11 percent to 15,577
Pending Sales decreased 17 percent to 12,246
Closed Sales were down 19 percent to 11,571
Days on Market increased 63 percent to 49 days
The Median Sales Price increased two percent to $340,000
The Average Sales Price increased two percent to $403,381
Inventory levels increased 50 percent to 23,493 units
Months Supply of Inventory was up to 2.1 months

The home inspection is a very important part of the home buying experience, but it's also important for Sellers to know the condition of their home. Before listing your home, it's a great idea to have a pre-listing inspection. You can take care of items so that buyers are reassured that they are buying a home in great shape.

Home Inspections for Sellers: What You Need To Know [INFOGRAPHIC] The inspection is a major part of the home selling process.Many buyers used to waive inspections to be more competitive with their offer, but recently, inspections and repairs are becoming popular again.

If you’ve been trying to buy a home, hang in there. Mortgage rates have ticked down some recently, home prices are forecast to increase in the coming years, and the long-term benefits of homeownership outweigh many of the short-term challenges.

Trying To Buy a Home? Hang in There. We’re still in a sellers’ market.

FEBRUARY HOUSING INDICATORS
The Monthly Housing Indicators for Georgia are in for February. New Listings, Pending Sales, and Closed Sales continued to trend downward, while Median and Average Sales Price indictors showed a modest increase.

New Listings decreased 11 percent to 12,144
Pending Sales decreased 19 percent to 10,238
Closed Sales were down 21 percent to 8,685
Days on Market increased 58 percent to 52 days
The Median Sales Price increased three percent to $330,700
The Average Sales Price increased four percent to $383,532
Inventory levels increased 58 percent to 23,533 units
Months Supply of Inventory was up to 2.2 months

Should you buy a home this Spring? This is a good article on what is expected to happen in the next few years.

What’s Ahead for Home Prices in 2023 Over the past year, home prices have been a widely debated topic. 

Before you start looking at homes, make a list of "must haves" and "like to have" in your home. Keep in mind that with the low inventory, you may need to adjust your "must haves."

Balancing Your Wants and Needs as a Homebuyer This Spring Though there are more homes for sale now than there were at this time last year, there’s still an undersupply with fewer houses available than in more normal, pre-pandemic years.

Here are some great tips on getting your home ready to sell. Keep in mind that you want Buyers to be able to visualize living in your home.

Checklist for Selling Your House This Spring [INFOGRAPHIC] Some Highlights As you get ready to sell your house, there are specific things you can add to your to-do list. These include decluttering, taking down personal photos and items, and power washing outdoor surfaces.

JANUARY HOUSING INDICATORS
The Monthly Housing Indicators for Georgia are in for January. Months Supply of Inventory increased 100 percent year over year and Average Sales Price made slight gains.

New Listings decreased two percent to 12,618
Pending Sales decreased 17 percent to 9,773
Closed Sales were down 30 percent to 6,865
Inventory levels increased 60 percent to 24,978 units
The Median Sales Price increased three percent to $319,900
The Average Sales Price increased two percent to $372,437
Days on Market increased 50 percent to 51 days
Months Supply of Inventory was up 100 percent to 2.2 months

Sellers that are thinking about selling are hesitant because they have a mortgage rate that is lower than the current rate and they fear not being able to find their next home with the low inventory. If this is your situation, I'd love to get together with you to discuss.

The Two Big Issues the Housing Market’s Facing Right Now The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply:

As we approach the spring season, now’s the time to get your house ready to sell. Let’s connect today so you can find out which updates make the most sense.

Spring into Action: Boost Your Home’s Curb Appeal with Expert Guidance To sell your home this spring, it may need more preparation than it would have a year or two ago. Today’s housing market has a different feel. There are more homes for sale than there were at this time last year, but inventory is still historically low. So, if a house has been sitting on the marke...

This could be your next home. Please call me with any questions.

When purchasing a home, you need to be aware that In addition to your downpayment, you will also have to pay closing costs. Your lender will be able to help you with the numbers. If you're looking for lender, I can refer you to a great lender. Give me a call.

What You Should Know About Closing Costs Before you buy a home, it’s important to plan ahead. While most buyers consider how much they need to save for a down payment, many are surprised by the closing costs they have to pay. To ensure you aren’t caught off guard when it’s time to close on your home, you need to understand what closi...

The market is shifting again. Are you thinking about making a move this year? Let's connect to talk about the latest trends in our area.

Experts Forecast a Turnaround in the Housing Market in 2023 The housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates rose last year.

You might be surprised at how little you have to put down for your down payment.

You May Not Need as Much as You Think for Your Down Payment [INFOGRAPHIC] Some Highlights Many people believe you need to put down 20% of the purchase price when you buy a home. But recent homebuyers actually put down far less on their purchase. And with programs like FHA loans, VA loans, and USDA loans, some qualified buyers are able to put down as little as 0-3.5%.

Thinking about buying a home? The offer document allows for contingencies that protect you during the buying process. If you have any questions about the offer document, please reach out to me.

If you want to know how much equity you have in your home, let's connect.

What’s Really Happening with Home Prices? [INFOGRAPHIC] Some Highlights If you’re thinking about selling your house, recent headlines about home prices falling month-over-month may have you second guessing your decision—but perspective matters. While home prices are down slightly month-over-month in some markets, home values are still up almost 10% n...

Home prices depreciated for the past four months, Is the worst behind us? If you have questions about what's happening with home prices in our local market, let's connect.

Have Home Values Hit Bottom? Whether you’re already a homeowner or you’re looking to become one, the recent headlines about home prices may leave you with more questions than answers. News stories are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in the crash in 2...

If you’re looking to become a homeowner this year, it’s important to know these housing terms and how they relate to the current market so you feel confident throughout the homebuying process.

Key Terms To Know When Buying a Home [INFOGRAPHIC]

If you are thinking about selling your home, let's meet and talk about what needs to be done to sell your home for top dollar!

3 Best Practices for Selling Your House This Year A new year brings with it the opportunity for new experiences. If that resonates with you because you’re considering making a move, you’re likely juggling a mix of excitement over your next home and a sense of attachment to your current one. A gre...

Here's to a Wonderful 2023!