Are Selling Pattern Shifting In Real Estate
Yes, real estate selling patterns are shifting due to economic conditions, buyer behavior, and market saturation. Here are some key trends:
1. Longer Time on Market
Homes are staying on the market longer than in previous years as buyers become more cautious with higher mortgage rates and economic uncertainty.
Cobb Tax Assessors Predict Balance Real Estate Market
Cobb County’s real estate market has experienced a notable slowdown, leading the Board of Tax Assessors to project a modest 2% increase in the 2025 tax digest. This is a significant decrease from the 8.52% growth observed last year.
How Trump’s Tariffs Impacts Housing
President Donald Trump’s recent implementation of 25% tariffs on imported steel and aluminum products is expected to significantly increase the cost of building materials for new homes. These tariffs, effective from March 2025, are projected to raise residential construction costs substantially, impacting both builders and homebuyers.
Is The Housing Market Starting To Balance Out?
As of March 2025, Atlanta’s real estate market exhibits signs of balancing, characterized by moderated price growth, increased inventory, and steady demand.
Home Prices and Sales Activity
In late 2024, home price appreciation in metro Atlanta slowed, primarily due to elevated mortgage rates reducing demand. Forecasts for 2025 suggest that if mortgage rates and housing inventory remain steady, home prices may stabilize.