Atlanta Area Home Buyers Facing Less Competition, Fewer Bidding Wars

Home buyers in Georgia and around the country are facing less competition as recession fears keep many would-be home buyers from entering the housing market. While home mortgage interest rates are currently at three year lows, only 2.4 percent of home buyers in the Atlanta area faced bidding wars in August, down from nearly 40 percent of buyers a year earlier.

Buying a new home in metro Atlanta? Refinancing a Georgia home mortgage loan? Contact Peachtree Mortgage Services, Inc. at 770.481.0052 or peachmtg@bellsouth.net.