If you’re thinking of making a move this year, there are two housing market factors that are probably on your mind: home prices and mortgage rates. You’re wondering what’s going to happen next. And if it’s worth it to move now, or better to wait it out.
The only thing you can really do is make the best decision you can based on the latest information available. So, here’s what experts are saying about both prices and rates.
1. What’s Next for Home Prices?
One reliable place you can turn to for information on home price forecasts is the Home Price Expectations Survey from Fannie Mae – a survey of over one hundred economists, real estate experts, and investment and market strategists.
2. When Will Mortgage Rates Come Down?
This is the million-dollar question in the industry. And there’s no easy way to answer it. That’s because there are a number of factors that are contributing to the volatile mortgage rate environment we’re in.
What happens next will depend on where each of those factors goes from here. Experts are optimistic rates should still come down later this year, but acknowledge changing economic indicators will continue to have an impact. Read more on KeepingCurrentMatters.com.
Bottom line: Making a move right now may benefit you in the long term as housing values rise. In addition, you may have tremendous equity to make the upgrade to a home of your dreams. Currently David Patterson Homes is offering a builder incentive of up to $10,000 in Design Options* Plus $5,000 in Closing Costs* when you use their preferred lender; D.C. Aiken of BankSouth Mortgage as your lender. Ask your Sales Consultant how to get this incentive on select homes in Long Hollow Landing. Call 678-578-6833 today to get started. *
On Lake Lanier
In the picturesque community of Long Hollow Landing, leveraging home equity has never been more enticing, especially for those drawn to the unique allure of European Farmhouse style homes. This architectural style masterfully combines the rustic, homey feel of a traditional farmhouse with the elegance and sophistication of European design, creating a living space that is both warm and opulent. The homes, which vary in size from 2,606 to 3,659 square feet, are designed to cater to a variety of lifestyles, ensuring ample room for both entertaining and personal retreats. These dimensions promise a balance between spaciousness and intimacy, offering the perfect backdrop for creating cherished memories with family and friends.
Single-family residences priced from $700,000 to over a million offer luxury living with superior craftsmanship and timeless design. The European Farmhouse style blends grandeur with a connection to architectural heritage, appealing to buyers valuing quality and elegance.
Long Hollow Landing offers enchanting, exclusive homes with serene surroundings, exquisite design, and high-end finishes. Residents can choose between farmhouse charm and European elegance, experiencing luxury and architectural beauty.
Enjoy Lakeside Living
Long Hollow Landing offers European Farmhouse style homes by Lake Lanier, featuring eight lake-front homesites with outdoor gathering areas and lake access. Located in the East Forsyth High School District, it provides a blend of natural serenity and modern amenities, catering to various lifestyles. Residents can enjoy lakeside living, upscale shopping, dining, cityscape exploration, and nearby mountain adventures.
Long Hollow Landing is a unique community offering beauty, comfort, and adventure at Lake Lanier. Residents enjoy lake life, elegant homes, and various recreational opportunities, creating a charming lifestyle amidst scenic beauty.
Excellent 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 $700’s
GPS Address: 7970 Beryl Overlook, Gainesville, GA 30506
For more information call 678-578-6833
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