BUYERS About to Get ROCKED Even More! Atlanta Real Estate Market April 2024 | Living in Atlanta Ga
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- čas přidán 25. 07. 2024
- INSANITY is happening because of misinformation and buyers are about to get hit by the changes coming soon. And it has nothing to do with the market. The Atlanta Real Estate Market keeps charging forward and if you want to be in the know watch this video. We are covering what the latest lawsuits may mean, why the media is so far off. I mean EXTEMELY off and how even President Joe Biden is spreading false information about what is happening. And of course we are bring you the latest numbers when it comes to the Atlanta Housing Market. All of this and more.
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00:00 Introduction
01:00 The News!
01:39 Anitrust Lawsuits
01:59 What is Antitrust?
03:10 Every State Does Real Estate Differently
06:59 Why Sellers Pay Buyer's Agent Commission
08:17 Why Buyers Need An Agent
10:38 What is Really Happening
11:28 The Media has it WRONG!
16:21 The President of the US has is mistaken
17:37 Proof that commissions are negotiable and have always been
22:34 Buyers are about to be hammered
27:22 Why people with Agents have a huge advantage
36:18 Atlanta Real Estate Market
36:30 Comparing Two Markets
38:06 Affordability
40:08 Home sales vs Mortgage Rates
41:04 Yearly Trends
42:48 6 Month Trend
43:40 Months of Supply/Inventory
44:36 What does this all mean?
Looking to make that move to Atlanta Ga? If you are making that move right now, a month from now or a year from now give me a call, text or email so we can talk more about your needs when moving to Atlanta Ga. Contact info is in the description.
Buyers won't buy. They have already fell back from buying. Renting has become cheaper so no one is worried anymore.
Buyers are defintely still buying which is why we see prices continue to rise. You should check out my latest video where I talk about renting vs buying specifically in the Atlanta area. Value in renting vs buying is discussed in detail and if you are going to buy, I talk about how long you need to stay in a home to make it worth buying.
The housing market prices seem to be artificially manipulated to keep houses overpriced. Looks like big corporations and super wealthy people are buying up properties at inflated prices. Middle class income level people cannot even afford a regular 1700 sq foot 3 bedroom home with quater acre land in this current housing market. When most of the single family houses and condos are taken off the market by being sold to big corporations and investors then the inventory of houses goes down and the demand for the limited amount of houses on the market goes up. The problem is that although the demand goes up, the people simply cant afford the homes. Some may be told that they can afford it but most cant and end up struggling financially.
You are 1000 percent correct. Blacrock has done this in all of Georgia. Just inside thd atl area alone they are sitting on 13,000 house. The number expands drastically the further you spread out. Go one or two steps out from Atlanta and the number goes up close to 50,000. Thereby propping up a faulty system. There 10 c0mpanies that own most of America so they are controlling this bull crap. They are creating this inflation where now houses are double and higher the price they were in 2019. When they created this fake reason to push this inflation to try to save our monetary system of control. This is all so sickening and deceitful.
Home prices have been super overpriced. They trying to sell 250k value homes for 800k
Prices are what the market dictates. I do think we will see a market correction eventually, but I think we are a few years away from that unless something major happens. Thanks for watching and commenting.
@@AtlantasRealMcCoy Normally prices are mostly dictated by individual buyers looking to purchase a home as a primary residence. However in this current market the prices have been artificially manipulated by the influx of big corporations and investors buying up properties at inflated prices. This creates a shortage of homes for individual buyers and price increase due to forced creation of demand and sellers including investors pushing prices up on sales and rent. There needs to be legislation to prevent big corporations and investment companies from buying up multiple single family properties.
@@soccersprintYou are 1000 percent correct. By creating the shortage you are creating the inflation. One of these companies gave my sister $50,000 over the actual value of her house in 2019. So she sold it to them as they were buying many houses in her HOA neighborhood. I have observed entire neighborhoods of brand new owned by blacrock. They claim they are for rent yet the rent is to high for people to even rent. So every driveway is empty as know one is living in a single one of these houses. They invent new ways to screw us daily while propping up a failing currency using debt as our system is completely debt based.
Lots of great information. Thanks
Thanks for watching and commenting
Thanks for sharing this data. Definitely a tough market right now. With the fed not likely to cut rates anytime soon, that keeps potential sellers with sub 5% loans in their homes. Less supply keeps prices high and continues the affordability issue.
Something has to break and the upward trend of people in credit card delinquency could be sign of cracks in the system.
The amount of credit building up and a lack of savings is definitely a concern. I am also concerned about the $0 down loans making a come back. Thanks for wathcing and commenting.
@@AtlantasRealMcCoy omg I just read something about this yesterday and it's like come on people haven't we already learned from this mistake already. My opinion it almost seems predatory in nature because of the lack of financial literacy among most homebuyers who would need $0 down to purchase a home. I don't know if they truly understand the risks associated with that type of purchase and/or also understand that it's not free money but a secondary loan on the house. In a market where home prices are starting to show some risk of correcting, the last thing you want to do is own a home with no equity (at high mortgage rates) and see the price of the home fall.
Sure if you're in it for the long-term, the equity will eventually come back positive. However, when the mortgage rates fall in the short term the buyer is unable to refinance because they have 0 or negative equity in the home.
Atlanta market has been nosediving over the last year and a half. It's not even in the top ten metros. In Georgia especially from a cash flow perspective.
?? Are you talking about the real estate market?? Median sales price is up 5.4% from last year. How is this nosediving? Not really sure what numbers you are looking at or what you mean by nosediving.
@@AtlantasRealMcCoy I study real estate markets. From a technical analysis standpoint not a fundamental analysis standpoint. Which are flawed for the most part. Cash flow wise Atlanta not the deal. The real deep pocket buyers know this.
@@jermon983 Ok. Fundametal analysis is not flawed, just more suitable to longterm investments most of the time. And I personally always see real estate more as a long term investment. Please feel free to share your viewpoint from a technical analysis why you think the market is nosediving. I'm always interested in seeing markets from different angles but some data would be helpful for me to understand your viewpoint.