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You know what? They are expected to be. It's not a news story! Anytime I hear sales information in a format that compares one month of sales to the previous month, I get a little suspicious and you need to too - how much does real estate agents make. A better measure is to take a look at current sales in a month vs the exact same month one year earlier due to the fact that it accounts for the property sales cycle.

Rather, We would compare June with the previous June. Or the last 3 months with one year to one year and 3 months back. This offers us better information to examine what's in fact taking place. No one must be surprised that November sales are lower than October sales or that January is slower than December.

I would once again recommend you check with a regional property specialist to see what's really going on. how long to get real estate license. Let me offer you an example: The Atlanta housing market sales cycle looks like what you see here in this chart. Slow at the beginning of the year and picks up in March through June-July and slows down through November and selects up in December and slows in January.

It does this every year. Think of if I tried to inform you the market was going to crash due to the fact that sales were below July to August to September. It's missing out on the required context that it does this every year and it is anticipated and it does not indicate there is a problem or even a modification in what is anticipated in the market! With that in mind, here's some actual realty information that reveals there's no trend of negative sales on statistics that really matter here in the Atlanta realty market: There were 7,201 offered houses in December 2020.

That's really a 10% boost in sales year over year and certainly not a slowdown. Sales are a delayed indication therefore to look ahead we can utilize the leading sign of https://diigo.com/0kjyb1 pending sales. December 2020 is the last complete month of data and we see that in December of click here 2020 there were 5,650 pending sales and in 2019 there were 4,638.

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8% increase in pending sales compared to what occurred the previous year so it doesn't look like we are heading for that slowdown we found out about from leading indicators either. Different areas run in different cycles. Warmer environments may have more sales in the winter months compared to colder climates.

Rate of interest will need to increase at some time as the economy opens and we begin to see genuine financial growth. It's going to take place at some time for sure. Freddie Mac recommends it will not take place prematurely though saying: "This low mortgage rate of interest environment is predicted to continue through 2021 and 2022 as the Federal Reserve has actually voted to keep the rates of interest anchored near zero for a longer amount of time if needed until the economy rebounds.

8% in the fourth quarter of 2020, it is forecasted to typical around 2. 9% through completion of 2021." It holds true that eventually, more inventory will enter the market too and that will assist bring a little much better balance to the marketplace but it's going to take a lot of stock for that to happen.

It's an inventory crisis and it's too low. It's so low that stock might triple and we would still be in a seller's market here in Atlanta and as long as rates do not double at the very same time it's tough to imagine a scenario that would see rates decline not to mention crash.

Simply ask any purchaser defending a home right now. Possibly the recommendations regarding what we hear on the news is this: when we look for realty info, the news media can't be your only source. Particularly worldwide we reside in today where headlines typically do not even match the stories and those headings are frequently produced simply for clickbait and to offer advertisements.

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Even when a newspaper article interviews a professional on a news program, they've usually looked for an "professional" that already fits the story for their "news" story - what is earnest money in real estate. With that in mind, as we move into the new year with the election behind us, the vaccine being distributed, and the economy poised to rebound, it's my viewpoint that there will be no housing crash in 2021 and probably not even farther out into the future.

In the middle of a raging COVID-19 pandemic, with millions of Americans still out of work and dealing with the possibility of expulsion and foreclosure, the United States is experiencing a realty boom the likes of which it hasn't seen in 15 years. House prices are rising almost everywhere. From Augusta, Maine, to Phoenix and from Sarasota, Florida, to Aberdeen, Washington, costs are up by double digits.

Materials of existing dwellings have actually decreased far listed below the six-month level thought about regular. Real estate agents are getting multiple deals. Home builders can't keep up with demand and flipping is back. Talk of a real estate bubble is now typical among analysts consisting of those at Swiss banking giant UBS, who back up their claims with charts revealing how home costs are overtaking both earnings and leas.

The result: Homes run out reach for more and more purchasers every year, the experts argue. However unlike the real estate boom that resulted in the Great Economic crisis, this across the country price spike is not being sustained by a wholesale collapse in lender ethics. There aren't any low-doc or no-doc loans to be had and debtors are needing to do a lot more than fog a mirror to get funding.

" We need 1. 62 million units a year to equal organic need, but we produce considerably less. We're about 370,000 systems short each year." Marco Santarelli, founder and CEO, of Norada Property Investments. CourtesySantarelli included that the supply imbalance will only become worse as more than 140 million millennials and members of Gen Z move into rentals and starter houses in the years ahead.

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" That's the greatest rate in over 110 years. These people have to go someplace and that's why I'm so bullish about real estate over the long term." (how to get a real estate license in texas). However these healthy fundamentals don't suggest there aren't fretting distortions in the market. With the Federal Reserve continuing to buy Treasury bonds and other securities under its quantitative alleviating program, interest rates are being held artificially low as dollars are being pumped into the economy.

Till the Federal Reserve stops its bond purchasing and rates of interest start to increase again, property costs will continue to climb up, states Robert Goldman, a realty agent with Michael Saunders & Co. in Sarasota. And no modification in policy is anticipated at any time quickly." The Fed will keep buying bonds far into the future despite what could be a thriving economy in 2021 and 2022," Goldman stated in marriott timeshare locations his regular monthly newsletter." We had a 10.