This morning the Associated Press shared great news out of Washington DC regarding data received from The National Association of Realtors. They shared that home sales climbed up 14.7 percent last month to a seasonally adjusted annual rate of 5.46 million. This news is fantastic as it follows on the heels of a reported national downturn in November sales due to the home lending industry’s adaptation of new mortgage disclosure rules taking effect.
Helping Atlanta Homebuyers
While home buying sales numbers overall haven’t reached the peak of 2008, they have steadily increased over the past few years. In 2015, there was an increasing demand for new homes in Atlanta and much of this activity was due to the return of more traditional buyers seeking to become new homeowners instead of continuing to pay rising rent costs. As we shared in our previous blog post, 2016 is projected to be a great year to buy a new home, possibly one of the best, before mortgage rates and associated costs increase. Various market analysts believe several factors are helping to increase the total number of Atlanta’s homebuyers – our healthy, expanding job market, Federal mortgage rates remain reasonably low (for now), and aging millennials moving up and out.
West Midtown Home Sales Continue
After having a Boom year for sales in all of our West Midtown communities, we are starting 2016 off at sought-after Vinings on the Chattahoochee with more bang! We recently opened up our new “Oak floorplan” model townhome and have several opportunities for you to see. Depending on the stage of construction and what options are available, there are plenty of new homes to choose from in this fantastic community. We invite you to see all the Brock Built homes available now and coming soon at Vinings on the Chattahoochee. We also have other single family homes available in these booming West Midtown/ Westside communities: West Highlands and Parkview II. Contact Ansley for details.
Contact Us Now
If 2016 is the year you’ve decided to become an Atlanta homeowner then don’t keep waiting to start shopping for a new home – this month is almost over. Existing opportunities with bonus incentives available will not last while current sales trends continue. New homeowners consistently let us know how much they love their new Brock Built Atlanta homes and we’re always happy to know that we’ve helped them find the place where they can begin their own traditions. Contact us now and view all of our available Atlanta communities to learn more.