The Housing Market is Stabilizing

While there is still an excess of unsold homes on the market, The National Association of Home Builders (NAHB) says it should begin to stabilize next quarter.

After hitting an all-time low in the first-quarter of this year, things are looking up in the real estate market. The demand for homes has firmed up recently with historically favorable mortgage rates and an increase in buyer education. The tighter credit standards were a proposed threat to the market, but mortgage lenders such as American Homekey Mortgage say that they have seen an increase in mortgage applications and also an increase in high credit scores.

Atlanta is estimated to be the 6th largest metropolitan city by 2025, up two spots from its current ranking. This forecast shows that buying a new home in Atlanta is a great investment for the future. Atlanta real estate builders are offering fantastic deals on spacious, beautiful homes near downtown Atlanta making this the right time to purchase a new home.

People are realizing that now is the time to buy and Atlanta is the perfect place to buy. Purchasing a home today in this buyer’s market is not only a positive investment for themselves, but also for the entire globe. This economic downturn began with the housing market and it is the housing market that will bring it back up.