Market Update: Exciting News for Buyers in Atlanta
After a couple of tough years for home buyers with fierce competition and rapidly rising prices and interest rates, there is finally some good news heading into the 2024 spring home buying season. Previously, buyers were stuck paying skyrocketing prices, often going significantly over asking, just to have a chance at securing a home. And that's not even factoring in the added strain of rapidly rising mortgage rates eating into affordability. It felt like buyers just couldn't catch a break cycle after cycle.
There's finally a light at the end of the tunnel. Watch this week’s Landis Look as Justin shares the good news about Atlanta’s Spring Market. The key positive for buyers this year is that there are more homes listed for sale compared to recent years.
This improved inventory is a game-changer for buyers. Rather than being forced to settle for the only halfway decent option, they now have more properties to choose from in their search. It's easier to find a home that actually fits their needs, preferences, and budget. Buyers who took a step back from house hunting due to the frustrating scarcity of listings now have incentive to restart their search.
While the most desirable properties are still getting snatched up quickly at premium prices, overall buyers have more leverage in negotiations thanks to the increased supply. So for home buyers who have been frustrated by the intense seller's market of the past couple years, the 2024 Spring Market is shaping up to provide some relief.
With more homes to choose from, buyers finally have a bit more power in finding and securing their next home purchase. Reach out to the Justin Landis Group to find your dream home this Spring!
Tune in for weekly valuable insights and practical tips with Justin and Kristin on Atlanta’s Q99.7. This insightful discussion was brought to you by a paid partnership with Kristin from The Bert Show on Atlanta’s Q99.7.
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