Atlanta Ga Real Estate with Stephanie Boldon

12/01/2021

Just like how The Passion of Christ affected and touched you spiritually, emotionally, and intelligently so will the series The Chosen. it's SO powerful you can't help but be in awe. Of course, Dallas took creative license in building out the characters, BUT he did not alter the Bible truth. We can't help but see the characters who were real people as real people. I love this series. I hope you will too. God bless you. Merry Christmas.

09/09/2021

Home Price Appreciation Is Skyrocketing in 2021. What About 2022?

One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year.

Every region in the country is experiencing at least a 14.9% increase in home price appreciation, according to the Federal Housing Finance Agency (FHFA). According to the U.S. National Home Price Index from S&P Case-Shiller, every major metro is seeing at least a 13.3% growth in prices.

But what about price appreciation in 2022? Prices are the result of the balance between supply and demand. The demand for single-family homes has been strong over the last 18 months. The supply of houses available for sale was near historic lows. However, there’s some good news on the supply side. Realtor.com...

One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year.

09/08/2021

Understand Your Options To Avoid Foreclosure

Equity is the difference between what you owe on the home and its market value based on factors like price appreciation. In today’s real estate market, many homeowners have far more equity in their home than they realize. Over the last year, buyer demand has been high, but housing supply has been low. That’s led to a substantial increase in home values. When prices rise, so does the amount of equity you have in your house.

According to CoreLogic, on average, homeowners gained $33,400 in equity over the last 12 months, and the average equity on mortgaged homes is now $216,000.

So, what does that mean for you? Over the past year, chances are your home’s value and therefore your equity have risen dramatically. If you’ve been in your home for a while, the mortgage payments you’ve made over time chipped away at the balance of your loan. If your home’s current...

Even though experts agree there’s no chance of a large-scale foreclosure crisis, there are a number of homeowners who may be coming face-to-face with foreclosure as a possibility. And while the overall percentage of homeowners at risk is decreasing with time (see graph below), that’s little comf...

09/07/2021

Reasons You Should Consider Selling This Fall

If you’re thinking of making a move, here are four reasons to put your house up for sale sooner rather than later.

>>Your House Will Likely Sell Quickly

According to NAR, homes continue to sell quickly – on average, they're selling in just 17 days.
If homes are selling quickly, buyers have to be more decisive and act fast to submit their offer before other buyers swoop in.

>>Buyers Are Willing To Compete for Your House

In addition to selling quickly, homes are receiving multiple offers. That same survey shows sellers are seeing an average of 4.5 offers, and they’re competitive ones. Receiving several offers on your house means you can select the one that makes the most sense for your situation and financial well-being.

>>When Supply Is Low, Your House Is in the Spotlight

One of the most significant challenges for motivated buyers is the current...

If you're trying to decide when to sell your house, there may not be a better time to list than right now. The ultimate sellers' market we're in today won't last forever. If you’re thinking of making a move, here are four reasons to put your house up for sale sooner rather than later.

09/06/2021

Honoring the American Workforce

Wishing you a happy and safe Labor Day.

09/03/2021

Your Agent Is Key When Pricing Your House [INFOGRAPHIC]

Pricing your house right takes market experience and expertise. To find the best list price, your agent balances current market demand, values of homes in your neighborhood, where prices are headed, and your home’s condition. If you’re ready to sell, don’t guess on the price. DM me so we can price your house to attract multiple offers and maximize your return on investment.

Some Highlights Pricing your house right takes market experience and expertise. To find the best list price, your agent balances current market demand, values of homes in your neighborhood, where prices are headed, and your home’s condition. If you’re ready to sell, don’t guess on the price. L...

09/02/2021

5 Reasons Today's Housing Market Is Anything but Normal

There are many headlines out there that claim we’re reverting to a more normal real estate market. Here’s the definition of normal from the Merriam-Webster Dictionary: “conforming to a type, standard, or regular pattern: characterized by that which is considered usual, typical, or routine.” Using this definition, here are five housing industry metrics that prove we’re nowhere near normal.

>>Mortgage Rates
Today, the average mortgage rate stands at 2.87%, which is very close to the historic low.
Currently, mortgage rates are anything but usual, typical, or routine.

>>Home Price Appreciation
According to Black Knight, the average annual appreciation on residential real estate prices since 1995 has been 4.14%. According to the latest forecast from NAR, home price appreciation will hit 14.1% this year.
Currently, home price appreciation is...

There are many headlines out there that claim we’re reverting to a more normal real estate market. That would indicate the housing market is returning to the pre-pandemic numbers we saw from 2015-2019. But that’s not happening. The market is still extremely vibrant as demand is still strong even...

09/01/2021

What You Can Do Right Now To Prepare for Homeownership

Rising rental costs may make it seem impossible to prepare for homeownership if you’re a renter. But the truth is, there are ways you can – and should – prepare to purchase your first home. Here’s some expert advice on what to do if you’re ready to learn more about how to escape rising rents.

>>Start Saving – Even Small Amounts – Now
As Cindy Zuniga-Sanchez, Founder of Zero-Based Budget Coaching LLC, says. “I recommend saving for a home in a ‘sinking fund’ . . . . This is a savings account separate from your emergency fund that you use to save for a short or mid-term expense.” Zuniga-Sanchez adds saving in smaller increments can help make a large goal – such as saving for a down payment –achievable.

>>Assess Your Finances and Work on Your Credit
Another tip experts recommend: take a look at your overall finances and credit score...

As rent prices continue to soar, many renters want to know what they can do to get ready to buy their first home. According to recent data from ApartmentList.com:

08/31/2021

What Buyers and Sellers Need To Know About the Appraisal Gap

Why does an appraisal gap happen?

Basically, with the heightened buyer demand, purchasers are often willing to pay over asking to secure the home of their dreams. If you’ve ever toured a house you’ve fallen in love with, you understand. Once you start to picture yourself and your furniture in the rooms, you want to do everything you can to land the property, including putting in a high offer to try to beat out other would-be buyers.

When the appraiser comes in, they look at things a bit more objectively. Their job is to assess the inherent value of the home, so they’re going to study the facts. In simple terms, while homebuyers may be willing to pay more, appraisers are there to assess the market value of the home. Their goal is to make sure the lender isn’t loaning more money than the home is worth. It’s objective, rather than...

It’s economy 101 – when supply is low and demand is high, prices naturally rise. That’s what’s happening in today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals.

08/30/2021

The Difference in Net Worth Between Homeowners and Renters Is Widening

Two major personal wealth goals – homeownership and net worth – work hand-in-hand. Below are just a few reasons why, if you’re looking for financial security, homeownership should be a top priority.

The gap between homeowners and renters continues to widen. That’s because homeownership contributes massively to an individual’s overall net worth. Odeta Kushi, Deputy Chief Economist at First American, highlights this idea. “. . . between 2016 and 2019, housing wealth was the single biggest contributor to the increase in net worth across all income groups . . . .” When we look even closer at the most recent data from 2019, the average homeowner’s net worth is more than 40 times greater than that of the average renter.

The gap exists in large part because homeowners build equity as their home appreciates in value and...

Becoming financially secure is an important goal for many people today, but some don’t realize just how much homeownership can help them achieve that dream. A recent report, The Journey Toward Financial Freedom, surveys Americans about their perspective on financial wellness and their goals. It sh...

08/27/2021

Your Checklist To Get Ready To Sell [INFOGRAPHIC]

When it comes to selling your house, you want it to look its best inside and out. It’s important to focus on tasks that can make it inviting, show it’s cared for, and boost your curb appeal for prospective buyers. DM me today so we can make sure it shows well and catches a buyer’s eye.

Some Highlights When it comes to selling your house, you want it to look its best inside and out. It’s important to focus on tasks that can make it inviting, show it’s cared for, and boost your curb appeal for prospective buyers. Let’s connect to make sure your house shows well and catches a b...

08/26/2021

If Housing Affordability Is About the Money, Don’t Forget This.

Since home prices are rising, it’s true that homes are less affordable than they have been since the housing crash fifteen years ago. Headlines making these claims aren’t incorrect; they just don’t tell the whole story. To paint the full picture, you have to look at how today stacks up with historical data. A closer analysis of affordability going further back in time reveals that homes today are more affordable than any time from 1975 to 2005.

Despite that, the chatter about affordability is pushing some buyers to the sidelines. They don’t feel comfortable knowing someone else got a better deal a year ago. However, Are Homes Really Less Affordable if We Consider Equity?

In a recent post, Odeta Kushi, Deputy Chief Economist at First American, offers a different take on the financial components of housing affordability. Kushi proposes we...

There are many non-financial benefits of buying your own home. However, today’s headlines seem to be focusing primarily on the financial aspects of homeownership – specifically affordability. Many articles are making the claim that it’s not affordable to buy a home in today’s market, but tha...