Make Sure You Know the Facts so Home Buying Isn’t Scary

Takeaways:

• It is believed by 36% of Americans that they need think they need a 20% down payment to buy a home.
• Less than 10% has been put down 44% of Millennials who purchased a home this year.  
• 8% of loan applications were approved last month.

In September, the average credit score was 731.

For 2017 Home Sales are Expected to Increase Well

We are certainly excited, and know you are as well, to see Freddie Mac, Fannie Mae, The Mortgage Bankers’ Association and The National Association of Realtors continue all showing an increase in home sales come 2017. Here is a chart that illustrates this increase.

I'm on my Way... Home Sweet Home

July Housing Starts show that many families should be headed towards homeownership as it is the month with the highest level since March! In the words of Motley Crue, "I'm on my way. I'm on my way. Home sweet home."

Market Brief- Atlanta Supply & Demand for June

Atlanta Realtors just released this very informational Market Brief regarding DEMAND- Through their research they found that there has been a decrease of 6.1% from last year in June residential sales which totaled 5,392.

And, regarding PRICE, they show positive gains that are outpacing 2015’s figures. From last June to this June, the median sales price has increased 7.7% at $253,000. Increased 3.3% from last year, the sales average price is $311,000.