In addition to recent mortgage interest rate developments, a batch of other events that also could affect Forsyth County, GA home sellers made news:
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Forsyth County GA home sellers who’ve been hearing that millennials constitute the next wave of prospective buyers might have been momentarily discouraged by a CoreLogic report, which included the dire-sounding, “only 40% of millennials feel financially confident enough to purchase a home.” (However, those who know that there are over 71,000,000 millennials would have fretted less. And further, a more recent report from CoreLogic report brought to light that almost ¾ of the home sale growth during COVID can be attributed to millennial buyers.)
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On the other hand, CoreLogic also informed Forsyth County, GA home sellers of their projection that the U.S. residential price index will rise 5.4% by January 2021. The January 2021 index report date marked the 8th consecutive year that prices rose in the U.S.
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In another report, Freddie Mac’s chief economist put a number to the undersupply of American housing: 3,300,000 units. The reason continues to be outfall from the housing crash of a decade ago, which wiped out many homebuilding companies. For Forsyth County, GA home sellers, it’s part of why the prices for their properties are expected to continue to rise.
If you are thinking that 2022 is shaping up as a prime time to list your own Forsyth County GA home, you aren’t alone. Call me!
This Cumming GA Real Estate blog is hosted by Gayle Barton of BERKSHIRE HATHAWAY HomeServices Georgia Properties.
I specialize in Real Estate sales in the following Forsyth County and North Fulton County cities: Cumming, Suwanee, Alpharetta, Milton and Johns Creek. Other north metro-Atlanta suburbs are serviced by request, so please call.
Gayle Barton Forsyth County Real Estate | Cumming GA Real Estate | Mountain Crest Homes For Sale
Gayle Barton Cumming GA Real Estate | Forsyth County Real Estate