End of Tax Credit Not Deterring Homebuyers

While April 30th marks the end of the tax credit for First Time Home Buyers, it does not appear to be slowing down those looking for a home. A recent study indicates growing consumer confidence in the real estate market, low prices, and low interest rates as reasons that 65% of respondents say the end of the tax credit will not slow down their house search. Over the next five years, 79 percent expect prices to increase, and 20 percent expect prices to increase substantially.

This means that people believe housing prices have hit the bottom. This is very positive news for our economy. The article below details the study.

Homebuyers Not Deterred by End of Tax Credit

Charming Egan Park Bungalow

Here is a charming bungalow in a great but widely undiscovered neighborhood called Egan Park. Completely Renovated in 2003, this 3 bedroom, 2 bathroom home has tons of character, an easy flowing floor plan, a light filled kitchen, and a fantastic backyard complete with two outdoor living spaces.

Just on the outskirts of Historic College Park, Egan Park is within walking distance to Woodward Academy and is convenient to I-85, Hartsfield Airport, historic College Park, and a short drive to downtown Atlanta. An active neighborhood with a community feel, Egan Park is in the charter school district starting this fall.

Check out the virtual tour of the home below, and as always, contact us with any questions about the home or the neighborhood.

Virtual Tour

Home Sales Rise in February

There is optimistic news involving the housing market! Home sales rose 8.2% in February according to the National Association of Realtors. This is great news considering analysts expected home sales to stay flat. The increase in sales is at least in some way due to the First Time Home Buyer tax credit, which expires soon. Buyers have to be under contract by April 30 and close by June 30 to receive the tax credit. Economists hope this is the first sign that the housing market has begun to pull out of its rut. Read more here:

Sharp Rise in Home Sales for February