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What mortgage rates mean for metro Atlanta home buyers this spring Data: Redfin; Chart: Alice Feng and Jared Whalen/Visuals Lower mortgage rates could push up home prices in Atlanta and nationwide if demand surges and inventory remains tight. Why it matters: Steep borrowing costs are just one piece of the housing affordability crisis. State of play: U.S. rates for 30-year mortgages are down from 20-year highs, but have crossed 7% again. By the numbers: In metro Atlanta, home prices surged and bidding wars were rampant when mortgage rates dropped below […]

Don’t count on rate cuts in the first half of 2024  Economists say inflation is not falling fast enough to convince the Federal Reserve to lower interest rates. Key points: The U.S. economy is proving to be a difficult train to slow down, so homebuyers might have to settle for 30-year mortgage rates in the mid-to-upper 6% range — at least for a while. The Feb. 13 Consumer Price Index data shows the economy is slowing, but not as quickly as economists were expecting. The annual inflation rate checked in […]

Existing home sales up after a year marked by declines  Sales rose by more than 3% in January, suggesting a turnaround in 2024, but mortgage rates still hold the key to the future of the market. Key points: After a historically dismal year, existing home sales seemingly had nowhere to go but up, and January’s numbers didn’t disappoint. Existing home sales grew 3.1% last month, according to NAR’s latest data, with a seasonally adjusted annual rate of 4 million sales. That’s a bump from December, but a 1.7% drop from […]

Investors buying a bigger share of affordable homes  While overall activity softened last quarter, real estate investors flocked to Chicago and cities in California in the hunt for lower-priced properties. Key points: Investors didn’t purchase as many homes last quarter — but those who did buy set their sights on lower-priced homes, Redfin researchers found in a new report.  And that means regular homebuyers continue to compete with cash-flush investors for the most coveted properties: affordable homes that are within reach for typical earners. Investors purchases fell, but still accounted […]

Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this market is totally different. 1. This time, housing supply is extremely limited The price of any market item is determined by supply and demand. If supply is high and demand is low, prices normally decrease. If supply is low and […]

Your Guide to the Home Appraisal You’ve found your dream home and now it’s time to cross all your T’s and dot all your I’s before it’s all your own. And one of the first items on your closing checklist the home appraisal. So, what exactly is that? The home appraisal is essentially a value assessment of the home and property. It is conducted by a certified third party and is used to determine whether the home is priced appropriately. During a home appraisal, the appraiser conducts a complete visual […]

Want to see what $7.5M buys you? Click on the image to the left for a peek. However we all know that most people looking for equestrian property have a much smaller budget in play. The majority of equestrian property or horse farms fall into the $1M or less category and for that amount you will usually find many potential properties to choose from. If you are selling you are in the sweet spot. What can you expect for $1M and less? Well that depends on what is important to […]

Welcome to the Sylvia Team Real Estate site. The Sylvia Team specializes in both the purchase and sale of horse properties in the Atlanta, GA area. Please feel free to browse through all of our listings and search all listings in the area using our powerful search features. If you have any questions about buying or selling horse properties, please do not hesitate to contact us! Featured Area Horse Properties