Home Sales Increase Despite Continuing Inventory Shortages

Home sales across the South, including Georgia, increased 13% in August when compared to a year earlier to an annual rate of 2.6 million homes. Available inventory, however, was down nearly 19% during the same time period. Real estate experts expect the inventory shortage to continue due to the impacts of low home mortgage interest rates and an ongoing lumber shortage due to lumber tariffs imposed on Canadian lumber imports and recent wildfires across California's timber producing regions.

Home mortgage interest rates are still low!  Contact Peachtree Mortgage Services, Inc. at peachmtg@bellsouth.net or 770.481.0052 to discuss your new home purchase or the refinance of your existing home mortgage loan.