Gwinnett county is leading the Metro

While the majority of counties in the state saw a large pullback in housing starts, the tap is turning on strong in Gwinnett. Leading by a large margin– starting 3147 units compared to the second highest of 2054 units in Cherokee county.

Courtesy of St. Bourke/Metrostudy.

A report in Atlanta Agent Magazine shows that out of 23 counties analyzed, 20 counties saw housing starts decline and 17 of them saw a decline in closings. This isn't a surprise as many builders pulled back after rate increases started in the middle of last year. This bearishness seems to be cooling off as home builder sentiment rose for the second month in a row. Hitting its highest level since September 2022. 

A representative at…

308 Views, 0 Comments

Why you need to be cautious hiring a Realtor?

Real estate agents are like college english professors– everyone has one and majority of them aren't worth a darn. Within the past two years over 150,000 real estate agents joined the business. For anyone who may not know, the barrier to entry in real estate isn't all that high. Just like majority of "sales or service" style positions, 80-90% of transactions are done by the top 10-20% of agents. Matter of fact, majority of agents in the U.S close only 1 deal a year, and some don't do any. 

When picking an agent, you need somebody that knows the market inside and out. After all, that is a large reason why you hire us in the first place. It takes years of being in your market to understand trends. Are…

192 Views, 0 Comments

What is a Survey?

A survey confirms the boundary lines and legal description of real property. The document will show all lines and edges of the property line, including geological features, improvements to the property, and any existing agreements that allows others access to your property. These agreements would be called easements, this is an agreement that allows someone else to use your property for a variety of reasons, this does not however give them ownership interest in your property. A common example of this could be a shared driveway. Your neighbor that your share a driveway with will have an easement to access that section of your property so they can access theirs. 

Are they necessary? & Why would I need one?

Well, this will vary…

159 Views, 0 Comments

What happened to the North Atlanta Real Estate Market in January 23' ?

Every month I have the feeling we are all waiting for a quick shift in the other direction. We want to see a floor in pricing. While, we have seen this just yet, it seems to be coming sooner than expected. This month, we saw a surge in demand from December. This is expected as we leave the holiday season, and many return back to their everyday lives. We saw mortgage rates at the end the month in the mid 5's or so for your prime borrower. This is great news for spring demand, if rates continue to drop– I believe we will see another large surge in demand for North Atlanta real estate. 

Here is the data for January 2023: 

  • Median Sales Price: $414,500
  • Number of Active…

194 Views, 0 Comments