For many people in North Atlanta, buying their first home is their first taste of achieving part of the American Dream. There is a sense of pride that comes along with owning your own home and building your family’s wealth through your monthly mortgage payment.
It may seem hard to imagine that the first home you purchased (which made your dreams come true) might not be the home that will allow you to achieve the rest of your dreams. The good news is that it’s OK to admit that your home no longer fits your needs.
According to CoreLogic’s latest Home Price Index, prices in the starter home market have appreciated faster than any other category over the last year, at 9.4%. At the same time, inventory in this category has dropped 14.2%.
These two stats are directly related to one another. As inventory has decreased and demand has increased, prices have been driven up.
This is great news if you own a starter home and are looking to move up to a larger home as the equity in your home has risen as prices have gone up. Even better is the fact that there is a large pool of buyers out there searching for your starter home to help them achieve their American Dream!
If you have outgrown your starter home and are thinking about your next move, please contact the Lemoine Team. We’re here to help. You can search all North Atlanta homes for sale on our website at http://www.LemoineTeam.com or contact us at 404-310-9992.
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Todd Lemoine and Keeping Matters Current, Inc. do not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Todd Lemoine and Keeping Matters Current, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein. Equal Housing Opportunity.