Housing Market May be Shifting to a 'Buyer's Market'

According to recent housing market surveys, the US housing market may be beginning to shift from a 'seller's market' to a 'buyer's market'. In a seller's market, there is high demand for residential properties, and home sellers can expect to receive higher prices, multiple bids, and quick turnaround times when selling a home. In a buyer's market, however, there's a greater supply of homes on the market than buyers looking for new homes. In a buyer's market, prices drop and sellers can expect selling a home to take longer. 75% of individuals recently surveyed around the state of Georgia and the rest of the US said that the housing market in their neighborhood was cooling down.

Find a great price on a new home in metro Atlanta or anywhere else in the state of Georgia? Refinancing a home loan? Contact Peachtree Mortgage Services, Inc. at 770.481.0052.


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