I am confident in saying Atlanta will continue to see growth over the next year. The Atlanta area is less sensitive to changes in the housing market right now.
More Quotes from Lawrence Yun:
What we had in the past couple of years was an unprecedented frenzy of activity. That's what we're seeing A decline from a frenzied, unsustainable rate.Lawrence Yun
A typical household in the past two years saw about a 20,000 gain in equity. That's not an insignificant chunk. Homeowners see that wealth and use it to buy additional goods.
Lawrence Yun
You need a strong job market with people in their 20s moving out of their parents' homes before rents recover.
Lawrence Yun
Sellers are stubborn. It takes a long time for sellers to adjust their expectations.
Lawrence Yun
A cut...won't affect the 30-year fixed mortgage rate at all. According to Freddie Mac, the 30-year fixed rate was 6.8 percent last week, and we think it'll stay about the same. But another interest rate cut could mean a slight drop in the short-term one-year adjustable rate mortgage (ARM).
Lawrence Yun
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