If you are ready to move to a new home early next year or early spring, consider this article from Forbes.com. “The 2019 housing market has been one of low rates, high demand and limited supply, will 2020 be more of the same? According to experts, yes and no.”
We spoke to six mortgage, real estate, and housing professionals. Here’s what they say is in store for the year to come:
Mortgage rates will stay low –Mortgage rates currently sit at 3.75%, according to Freddie Mac’s most recent numbers—nearly a 1% difference from the monthly average a year ago. The drop in rates caused a surge in refinancing over the last few months, and purchase activity ticked up as well.
Prices will keep on rising.
Home prices will continue their climb upward, according to experts, largely thanks to tight inventory and high demand. According to the latest home price forecast from property data firm CoreLogic, home prices should tick up by 5.6% by next September—up from the just 3.5% jump we saw this year.
Inventory will be tight.
Housing inventory is going to remain limited for much of 2020, experts say. And interest rates and record-high homeownership tenures are a big part of the problem.
What is the bottom line?
Now is the time to put your new home under contract for closings in early 2020 or spring time. Chances are if you wait until springtime to choose your new home, you may expect delays in completion time to be moved to summertime or to be waiting in line for your new home to be built.
The craftsmanship of each and every detail comes alive in these beautifully crafted homes by award-winning Patrick Malloy Luxury Collection. Come home to timeless detailing with standard features that are incredible. We have floorplans that feature great standards such as Carrara-style doors on the interior, gourmet kitchens with European-style cabinetry, granite countertops and Whirlpool® stainless steel appliance packages. See all standard features here.
Act fast to take advantage of current buyer incentives! 50% off design options – No limit* plus $5,000 in closing costs [see agent for full details]
In a sought-after part of North Fulton, Milton Run is near several golf courses including Atlanta National Golf Club, Trophy Club of Atlanta, Crooked Creek Golf Club, St. Marlo Country Club and many others. It is also near North Point Mall, The Collection at Forsyth and Avalon for great shopping, eateries and events.
Move-in Ready Home
Lot Homesite 12 |$873,015 |3 Bedroom, 2 full & 1 half bath – The Wellington G is a spacious 3 bedroom ranch with separate study, keeping room and large walkout basement. Bright, open floorplan with designer kitchen featuring quartz countertops, pantry and mudroom. Lavish owner’s suite with spa like bath and 2 additional bedrooms. This amazing home is situated on private 1+ acre homesite and is ready for immediate move-in.
Homesite 3 |$801,079 |3 BR, 2 full & 1 half BA –The stunning Wellington-H Ranch Plan is ideal for relaxed living on 1 level with plenty of space for entertaining. This home features a 3-car garage, covered porches, study, open kitchen, family room, keeping room, great secondary bedrooms and a master retreat. Coming Soon!
What makes Milton Run great is its location and lifestyle. Rural, yet close to Alpharetta and all kinds of events, concerts and festivals, Milton Run is your kind of place.
Located in the Cambridge High School district with Birmingham Falls Elementary, and Hopewell Middle Schools as well. Cambridge High School was recently voted #11 in Best Public High Schools in Georgia with an overall grade of A+.
New luxury homes priced from the $700s
Directions: Traveling on GA 400 North take exit 11 (Windward Parkway) and turn left. Road will change names to Cogburn and then Hopewell Road. Turn left on Birmingham Road then right on Henderson Road. Turn left on Freemanville Road and Milton Run is immediately on your left.