Despite the cooler weather, the housing market continues to hum along. Without reservation, it is important to realize that now is the time to put your new home under contract.
Chiefly, this article in KeepingCurrentMatters.com discusses how homeownership is still on the rise. Additionally, the mortgage rates are incredibly low right now.
Firstly, today’s low-interest rates are providing a break to new homeowners. Regardless of generation, the rates are making homeownership more desirable and achievable at the same time. Freddie Mac explains,
“The combination of very low mortgage rates, a strong economy, and more positive financial market sentiment all point to home purchase demand continuing to rise over the next few months.”
Secondly, the article states that “Regardless of the lack of inventory on the market, the U.S. homeownership rate has climbed to a 6-year high. The United States Census Bureau reported that it increased to 65.1% in the fourth quarter of 2019. These numbers represent the highest level in the past six years.”
Thirdly – These homes are getting noticed! Monticello Park recently was featured in an article in CurbedAtlanta.com about the great affordability of this new construction townhome community.
“South of downtown, Monticello Park development doesn’t cost an arm + leg in a growing ITP area “