Median Sales Price Continues to RiseMarch 2020 Marietta's Eagle Ridge community median sales price = $295,000.00February 2021 median sales price = $350,000.00March 2021 median sales price = $358,000
Another Interest Rate Cut
Dated: October 30 2019
3rd Cut in a Row by Fed
The central bank lowered the benchmark interest rate a quarter of a percentage point to a range of 1.5 percent to 1.75 percent. - Washington Post Article
This new round of federal interest rate cuts will have a significant effect on the cost of borrowing money.
30 Year Fixed Mortgage Rate approximately 3.750% - Wells Fargo Source
Borrowers will benefit from a reduction on the cost to borrow. Jumbo lending programs will become less costly. - BankRate Article
30 Year Fixed Jumbo Rate approximately 3.625% - Wells Fargo Source
BUYERS - Don't wait to the point of getting prices out of a neighborhood you want to be in. Take advantage of these historically low rates. Stop throwing your money away on rent and start building equity towards your future.
SELLERS - There is still record low inventory in most of Metro Atlanta. Record number of buyers looking year round. Atlanta and Metro Atlanta is the perfect housing marketplace. It's definitely house selling season year round in the ATL. At least for now. Don't delay.
Proud members of the Cobb Board of REALTORS®
Curious about the market or the value of your property? Check it here ---> Property Value Report
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