When you look at the numbers today, the one thing that stands out is the strength of this housing market. We can see this is one of the most unconditionally strong housing markets of our lifetime – if not the strongest housing market of our lifetime. Here are two fundamentals that prove this point.
1. The Current Mortgage Rate on Existing Mortgages
Here’s why this gives the housing market such a solid foundation today. Having so many homeowners with such low mortgage rates helps us avoid a crisis with a flood of foreclosures coming to market like there was back in 2008.
2. The Amount of Homeowner Equity
Second, Americans are sitting on tremendous equity right now. According to the Census and ATTOM, roughly two-thirds (around 68%) of homeowners have either paid off their mortgage or have at least 50% equity.
Read more on KeepingCurrentMatters.com
Lake Front Available Home:
8405 Beryl Overlook |5 Beds, 4.5 Bathrooms |3,790 Sq Ft |$1,499,900 | 3-Car Side Entry Garage
LAKE ACCESS WITH BOAT SLIP INCLUDED-Lot 27-Grace-B: Incredible views of Lake Lanier. This bright and open concept floor-plan is perfect for entertaining as well as relaxing outside the covered patio with fireplace and incredible views of Lake Lanier! Large kitchen island with separate breakfast nook, gas cook-top, built-in ovens, microwave and walk in pantry. Main floor features Formal Dining Room with butler’s pantry, Study up front, Guest room with en-suite. The second-floor owner’s suite features vaulted ceiling and relaxing bathroom with beautiful frame-less shower door, garden tub, large closet and extra storage. The three secondary bedrooms include one with a large en-suite bath, and the other two bedrooms share a J & J bath. Other features include large laundry room, 5″ hardwoods throughout and irrigation system.
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Ask About This Incredible Offer
David Patterson Homes is offering a builder incentive of up to $17,500 towards a rate buy down /closing costs when you use their preferred lender; D.C. Aiken of BankSouth Mortgage as your lender. Ask how to lower your payment on select homes in Long Hollow Landing. Call 678-578-6833 today to get started. *
Summer is Here
Long Hollow Landing is a stunning community featuring single family Urban Farmhouse style homes. The plans range in square feet from 2,606 to 3,659. Come and see these spectacular homes located on Lake Lanier. Outdoor Community Gathering Area with access to Lake Lanier, and day use of swim/fishing deck located at the end of the community docks.
Located on Lake Lanier, Long Hollow Landing has eight lake-front homesites. Long Hollow Landing is a stunning community on Lake Lanier featuring single family transitional farmhouse style homes located in the new state of the art East Forsyth High School District. Our plans are priced from 560k to 1 Million+.
Enjoy both the nature of the area and wonderful shopping and dining. It is also a quick trip to I- 985 for easy access to the best of Atlanta. Love the mountains? You are a short trip away from Dahlonega, Cleveland and Helen.
Highly- Rated Schools
The schools include Chestetee Elementary, Little Mill Middle School and the new state of the art East Forsyth High School. According to GreatSchools.com both Chestetee and Little Mill Middle Schools are rated 8 out of 10 for test scores.
Homes Priced From the $600’s
GPS Address: 7970 Beryl Overlook, Gainesville, GA 30506
For more information call 678-578-6833
Sales Office Hours are
Monday, Friday & Saturday 11:00 am to 6:00 pm & Sunday 1pm –6:00 pm
Tuesday, Wednesday & Thursday – By appointment only