Busting Myths: The Truth About Atlanta's Real Estate Market Today

Debunking Common Myths About the Current Real Estate Market in Atlanta

At Team Stephens Orren Shepherd, we believe in empowering our clients with accurate information. Let's debunk some common myths about the current real estate market in Atlanta.

Myth #1: Owners Have Low Rates and Will Never Sell.

Fact: While many homeowners did secure low-interest rates several years ago, life is ever-changing, and people will always have reasons to sell their homes. Families grow, empty nesters look to downsize, individuals relocate, and retirement plans evolve. These life changes mean that many homeowners are indeed looking to sell their properties, creating opportunities for buyers.

Myth #2: As Rates Rise, Prices Will Drop.

Fact: It’s a common hope that rising interest rates would lead to lower home prices. However, another significant factor is at play: limited inventory. The high demand for homes, coupled with a scarcity of supply, keeps prices competitive. So, don’t expect prices to drop significantly just because interest rates are increasing.

Myth #3: The Housing Market Will Crash Like in 2008.

Fact: The 2008 housing crash was largely due to faulty mortgages and buyers taking on more than they could afford. Thankfully, the real estate landscape has changed significantly since then. Lenders today are much more stringent in their lending practices, ensuring borrowers are financially stable. Additionally, the average homeowner now holds over $274,000 in equity, providing them with financial security. We’re in a different era, and the market fundamentals are much stronger.

Housing market myths come and go, but finding a home that meets your family's needs is truly priceless. If you're ready to explore your options and take the next steps toward homeownership in Atlanta, don’t hesitate to reach out. At Team Stephens Orren Shepherd, we strive to be your go-to resource for all things real estate!