Atlanta Real Estate Market Forecast

ATLANTA REAL ESTATE MARKET FORECAST

At Harry Norman, REALTORS® we take our role of trusted real estate advisor seriously, providing market expertise so you can make sound decisions. A question surfacing frequently is how housing will be impacted related to economic news headlines. We look thoughtfully at the full picture to gain a proper perspective considering four key components:

EMPLOYMENT RATE The National Unemployment Rate is 3.7% through July 2019. Georgia’s rate is 3.6%. Recognized as a leading region, businesses relocating to metro Atlanta and Georgia remain strong.

APPRECIATION According to the Home Price Expectation Survey of 2019, economists and financial experts project home prices to appreciate each year from 2019–2023, regardless of if there is a temporary economic slowdown. If an economic adjustment is to occur, it does not mean that prices will fall, in fact, experts predict it will rise.

SUPPLY & DEMAND In Atlanta demand remains strong overall however price range and location are important factors. Sales performance indicators are strong within our local market and across our business. In July, our company outperformed July 2018 in all segments.

AFFORDABILITY Although average home prices have increased so has purchasing power. Data from the National Association of REALTORS® indicates that the historic norm of repayments is 21.2% of income, in the summer of 2019 that rate is hovering at 16.5%. Even though prices continue to rise, purchasing power is stronger than the historic norm.

In summary, should there be an adjustment, our local fundamentals are well-positioned to remain solid as is real estate overall. A variety of factors can trigger economic adjustments but the state of housing is significantly different than in the last recession. This is good news for anyone thinking of a move or considering a purchase or sale.

Tania Gardere MacLeod

Roswell’s Perfect Spot Top Producing Real Estate Agent & Lacrosse Mama IT'S THE PERFECT SPOT Hi, I’m Tania (pronounced Tan - like a SUN-TANya, not TONya). Not to digress, but I get this question all the time. My husband Doug & I have lived here in Roswell since 2002 and we have 1 son and 3 girls. All of them play lacrosse, so when I’m not out showing and selling houses, doing walk throughs, attending closing celebrations, taking continuing education classes, attending seminars, watching HGTV or jogging with my dogs, you’ll find me on the side lines of a lacrosse field cheering for my kids and their teams! I’ve been in Real Estate right here in Roswell since 2007. Currently, I average about 95%+ of my business comes from referral, so it’s critical that I connect with my clients from the beginning and spend some time discussing what their goals are, so we can create a plan that makes sense for them. I’ve been able to sell homes for more money and in less time than the average agent in Atlanta. That means your house is on the market for less time, so you can move on to your next phase of life... and have more money too! Being in the top 10% of all real estate agents in Atlanta, means I’m doing more business so I deal with the majority of bumps that can come up during a transaction so that we are better prepared how to handle anything that comes our way. This is the biggest investment for most of us, and I want this to be a great experience for you too! I’m not a transactional real estate agent, I’m a FULL - SERVICE RELATIONAL REALTOR®. I am here to help you and your family (including your family pets! ) through the entire process, well before it’s time to put your house on the market to sell or time to buy a new house, and well after we’ve close on your new perfect spot to call home. Sometimes we need to come up with a plan to save up for that dream house for a year or two or even work with my lenders to craft a credit repair or improvement plan so you qualify for a better loan option and rate. Often times, my buyers have to sell first, but they don’t want to put their house on the market before they find the perfect spot to call home and buy. So we have a vicious cycle of not enough homes (or the right homes) on the market when you need to buy. Don’t worry, this is where my networking skills really help you out. I keep a secret list of homes not on the market. And many times, you can tell me a specific neighborhood you want to live in, and I can FIND someone who might consider selling to you. I go the extra mile to make sure we find or sell your perfect spot to call home. I’m your life time real estate advisor! Many referred to me as the high energy Roswell Real Estate Expert. It's where I live, work and play!

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