Market for Luxury Homes Strong in Georgia and Around the US, But Covid 19 Presents Risks

Sales of luxury homes--- those priced at $1 million or above-- increased in Georgia and across the US in 2019, spurred partially by a strong economy and lower home mortgage interest rates. Sales of homes valued at $1 million or above increased over 11% in 2019 when compared to a year earlier. Real estate analysts, however, caution that the real estate market as a whole will be negatively impacted, at least temporarily, by the COVID 19 virus as buyers decide to put off searches for new homes.

Home mortgage interest rates are low! Contact Peachtree Mortgage Services, Inc. at 770.481.0052 or peachmtg@bellsouth.net to discuss financing for the purchase of your new home! Refinance home loans are also available!