Lower Mortgage Rates–Increasing Demand–Stable Prices 

This week was full of good news. Producer price inflation came in way lower than expectations–showing inflation coming down faster than initially expected. This led the 10-year treasury to fall 16 basis-points (mortgage rates follow this)– in English, mortgage rates fell after this news. 

Over the past 2-3 weeks, demand has been slowly coming back into the metro Atlanta market. This increase is two-fold, a combination of buyers returning to their search after the holidays & mortgage rates beginning to return to the high 5's. This is great for prices as well, as demand returns to the market– prices should stabilize. 

As you can see the average pricing from November stayed flat. This is good news, especially considering demand in December was much lower than this month. 

–Here is the same chart taken back to 2009– 

Overall, this month has been great for real estate. Lower interest rates & seller concessions mean better deals for buyers. Low inventory & stabilizing prices has been great for sellers as well. Stay tuned for weekly updates on this market & how you can best take advantage of it. 

Posted by Carson Hulak on


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