The real estate market keeps taking blows, and the most recent is from the mortgage industry. The new record low for 30 year fixed mortgages, 3.87 percent, is the ninth “lowest” rate in the past year. Basically, the numbers keep dropping. And for a 15-year fixed mortgage? Another record low, at 3.14 percent.
Here in Atlanta, we are no exception to the trend. With loan qualifications increasingly difficult, job loss increasingly common and an abundance of foreclosed homes permeating the market, it seems the condition of the real estate industry is steadily getting worse. The whole industry is suffering in terms of value. So what to the Atlanta movers feel about it? We need a way to inject faith into homeowners, buyers and builders. Who knows how long it could take to re-instill hope in the industry, but we feel 2012 just may be the year that everything falls back in to place.