Home Buyers Face Increased Competition During Spring Buying Season in Georgia

Potential home buyers can expect increased competition for homes and higher prices during this spring's home buying season in Georgia and around the country, according to a recent report. New market listings were down over 11% in March when compared to a year earlier, and demand continues to increase as the economic recovery continues with low home mortgage interest rates still available.  Price growth could slow later in the year, however, as rising home mortgage interest rates price more potential buyers out of the market.

Planning to buy a new home or refinance an existing home mortgage loan? Contact Peachtree Mortgage Services, Inc. at peachmtg@bellsouth.net or 770.481.0052.