Fairburn
REAL ESTATE
Atlanta homeowners trapped with "golden handcuffs" mortgages, low inventory
Potential buyers aren't the only ones frustrated by this market. Homeowners looking to move are feeling the squeeze, too.Why it matters: Homeownership's many perks coexist with plenty of downsides — like being stuck with a "golden handcuffs" mortgage when you'd like to move.The big picture: First-time homebuyers are taking up a growing share of home purchases while current owners stay put.Half of potential sellers are waiting for mortgage rates to come down before they list, per Realtor.com.Roughly one-third of potential sellers have been thinking of moving for multiple years.Here's how some Axios readers feel:J.Y. moved into a townhouse in 2020....
Westside Future Fund Celebrates Sean Scott’s New Home Through Home On The Westside
Westside Future Fund celebrated the closing day for new Home on the Westside homeowner Sean Scott. Scott purchased a three-bedroom, two-bathroom home in the English Avenue neighborhood. This is the third closing WFF has celebrated through its signature program in 2024. Scott is an Atlanta native and currently works as...
Atlanta housing sales sluggish in late spring, held back by high mortgage rates
With high mortgage rates still squeezing both buyers and sellers, the metro Atlanta housing market posted lackluster numbers in May, a month that is historically one of the year’s strongest, according to the Georgia Multiple Listing Services.Sales were up from April, as they usually are, but slightly fewer homes were sold than in the same month of 2023.
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