Prices of 'Affordable' Homes Rising Quickly in US, Georgia
Prices of 'affordable' homes-- those homes priced in the lowest third of the housing market-- are rising faster than more expensive properties in Georgia and around the US. Prices of homes in the lowest-priced third of the market have increased over 5% during the past several months, while prices of the most expensive homes have risen only 2%. Real estate analysts cite higher demand as more buyers re-enter the market after delaying home purchases in the spring due to the Covid 19 pandemic. Additionally, a long-standing housing shortage continues in many parts of the country, and low home mortgage interest rates continue to attract even more buyers to the market.
Buying a new home? Need to refinance a home mortgage loan for cash out or a lower home mortgage interest rate? Contact Peachtree Mortgage Services, Inc. at 770.481.0052 or peachmtg@bellsouth.net.
* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.