Ominous Numbers or Just a Leveling Out? | Atlanta Real Estate Market June 2023

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  • čas přidán 6. 09. 2024

Komentáře • 11

  • @erronford9274
    @erronford9274 Před rokem +2

    Great video and great information. I am looking forward to that breakdown of counties 🙂

  • @r12-z1v
    @r12-z1v Před rokem +1

    I'm very interested in your upcoming video about townhomes and condos. After scanning Zillow, it seems that while condos may have a lower list price, the HOA dues on decent condos can be ridiculously high, so townhomes might be a better way to go.

    • @AtlantasRealMcCoy
      @AtlantasRealMcCoy  Před rokem +1

      Thanks for watching and commenting. Here is June's condo and townhome video czcams.com/video/yFqFZo3Alac/video.html.
      July's video should be coming out next week.

    • @r12-z1v
      @r12-z1v Před rokem

      @@AtlantasRealMcCoy Thank you!

  • @hectar1156
    @hectar1156 Před rokem +1

    Interest rate will not come down a lot IMHO. Fed should learn what happened with

    • @AtlantasRealMcCoy
      @AtlantasRealMcCoy  Před rokem

      I agree that rates in the 3s mean something is going wrong with the world or the economy. I’m thinking upper 5s maybe to low 6s by end of this year. Next year maybe mid to low 5s. I’m with you, I’d be ok if that was the new normal but we need home values to stay put or come down for a bit so the average buyer can afford a house. I’m a little worried that if rates do come down, we going to see a sudden influx of buyers and property values shoot back up. Sure hope that doesn’t happen.

    • @hectar1156
      @hectar1156 Před rokem

      @@AtlantasRealMcCoy I agree ..with you 100. Rates down..buyers are back again at it. Unless supply increases...we might be trending at high prices or current market prices. So much influx means many buyers having sold their previous house, waiting for price or rate reduction..so I think demand is there.

  • @Naija4K
    @Naija4K Před rokem

    Atlanta is RIDICULOUSLY OVERPRICED! At least 20% decline is likely before anything let’s up!

    • @AtlantasRealMcCoy
      @AtlantasRealMcCoy  Před rokem

      Thanks for watching and commenting. Got to respectfully disagree with you on this one. Atlanta still comes in at one of the more affordable cities to live in especially considering it’s size and the job market here. While I think everywhere could use some price adjusting to make housing more affordable, unless there is a catastrophic event, home values are not coming down 20%.

    • @Naija4K
      @Naija4K Před rokem +1

      @@AtlantasRealMcCoy I know that is what you would HOPE! That will not be the case. We have MILLIONS of foreclosures set to hit the market nationwide, which includes INVESTOR HEAVY Atlanta. The business model that many holders of overpriced real estate cannot hold! Rentals and sales are declining and credit drying up FAST. Once a major regional southern bank collapses the bottom will fall out of Atlanta real estate. Just wait and see...