Housing Demand Index Has Largest Decline in Two Years

The Housing Demand Index, designed by real estate brokerage firm Redfin to measure the strength of demand for homes across the US, in August posted its largest decline in over two years. The index is based on the number of customers who make offers on homes and request home tours in major metro areas across the US, including Atlanta. According to the index, demand for homes has declined significantly when compared to last year, giving home buyers less competition and more options when searching for a new home.  The Atlanta area showed a modest increase in demand of 1.7%.

Planning to purchase a new home or refinance an existing home loan in metro Atlanta or anywhere else in the state of Georgia? Contact Peachtree Mortgage Services, Inc. at 770.481.0052 to discuss your home mortgage loan options.

 


* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.