One great thing has happened is the political ads are all done! November is one of the best months of the year in my opinion it starts the holiday season. This November I will include a gratitude item every week. I will start us off with my favorite quote on gratitude from Cicero a Roman philosopher. The quote says, “Gratitude is not only the greatest of virtues, but the parent of all others.” The parent of all virtues, that is pretty poignant. So this gratitude month think of Cicero and remember if you can be grateful then your foundation for all other virtues is established.
Interest rates are pushing toward 7% which is code for they are under 7%! Woo Hoo!! If you have ever been on Weight Watchers, you know a 1/4 of pound is still a loss. Today the rate is at 6.90% so we will take the win where we can.
Did you know that 52% of all homeowners are Baby Boomers & over the next 2 years, 7 million people in the United States turn 65. This group of people are going to be entering the market to sell and buy retirement housing in the next few years. If you have ever wondered why all of a sudden are there so many 55 plus communities. This is definitely a reason. Early next year I will be hosting an event for clients. It will feature an attorney, life insurance agent & a Medicare agent to give some pointers and advice. They will speak on how to set up your will, a trust for real estate, life insurance & annuity options heading toward retirement & a synopsis of Medicare supplemental insurance. We will also have snacks and drinks. I consider myself as part of your financial team. Most people’s real estate holdings are their largest financial investment but these other areas are so important that I want to help you stay as informed as possible. Whether you are young or old this free financial seminar should offer a lot of great information. Be sure to check back for more information.
Last weeks real estate stats for Atlanta are: 22,966 active listings, 964 homes have gone under contract in the last week. At this current rate of sale there is about 6 months of inventory. This is a lot of inventory, and these types of numbers would make me think we are moving into a buyer’s market and out of the seller’s market we have been in for the last several years. However, and this is a big however, the election just took place and many home buyers and sellers have been waiting to hear how the election went before they made a move. I hope that now the elections have come and gone that the real estate market gets back to a normal market and will take the finger off the pause button.