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Home sales in Alpharetta, Johns Creek, Suwanee and the rest of North Atlanta are booming.

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Pending home sales in the Metro Atlanta area jumped to the highest level in more than six years. Demand for homes in many North Atlanta neighborhoods is so high that the average time on the market for new listing is well under a week.  Since early May,  30 year fixed rates have shot up to the mid 4’s, but since cash sales account for nearly one-third of all sales, sales may be less sensitive to rate changes than in the past.  While some homebuyers may be knocked out of the market by rising rates, others are jumping in as they see rates and prices rise.

 

 

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Chad VonHoven has written 12 articles on Real Estate Financial – Get a fast qoute

Chad VonHoven has been involved in commercial and residential mortgage lending for greater than 10 years. He is a graduate of Georgia Tech and an accomplished Airline Transport Pilot.

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