For decades, experts have recommended purchasing a home rather than renting one for an extended period of time. Renting is for students and those who will only be living in a city temporarily they say, otherwise you are simply throwing money away every month on something that you will never own. Meanwhile owning your home is an investment with long …
Should You Purchase a Spec Home
What is a spec home you ask? Spec is actually short for “speculative,” and a spec home is a house a builder constructs as the first home in a neighborhood. It will align with the vision the builder has for all of the homes, and will often include all of the extras and luxury upgrades that are being offered in …
Understanding Capital Gains Tax
You’ve heard the term before, but are your sure you know what capital gains tax is and at what point in your financial life you will encounter it? If you are about to put your home on the market, depending on your specific situation, now may be the time to find out all about what it is, and how to …
New Construction Versus Existing Homes
The housing market is beginning to change, with the skyrocketing prices and nonexistent inventory showing signs of improvement as far as prospective buyers are concerned. However, many people looking for a home to purchase are still finding that the available supply is limited at best, especially if they are trying to stay in one particular area. If this is happening …
Is the Sellers Market Beginning to Change?
For several years now, the common refrain regarding the housing industry is that we are in a strong sellers’ market. Housing prices were already rising across the country before the pandemic, but the work stoppages and supply chain issues that began in the spring of 2020 continued to drive up home prices while also causing housing inventory to reach some …
This Week’s Mortgage Rate Update
The current debate among economists and lay people alike is, are we or are we not headed into a recession? Inflation is currently higher than it has been since the 1980s, which often signals a recession is either here or on the way. On the other hand, wages and salaries have increased nationally – they are up 5.3% over June …
A Quick Look at Fractional Home Ownership
Are you interested in owning a vacation home, but you aren’t quite sure you are able to afford this leap into multiple home ownership? While owning a second home is a luxury that not everyone can afford, owning a fraction of a vacation home might be more accessible to you than you realize. Through a home ownership model called “fractional …
Atlanta’s Housing Market Not Crashing Any Time Soon
What goes up must come down cries the old song, but when it comes to the hot real estate market in Atlanta, things still seem to be moving up, up, up. For at least the past year, experts and amateur market watchers alike have been proclaiming that the end to the strong housing market is just around the corner. They …
Older Home or New Construction, Which is Right for You?
Shopping for a new home has become a competitive sport lately, and while it is true that supply is down while demand is raging on, there are still plenty of homes hitting the market each day in the metro Atlanta area. If you are in the market for a new place to live, you likely already have a list of …