Housing Market Status - Toll Brothers CEO

Today on CNBC the CEO of national home builder Toll Brothers reported that some markets "seem to be dancing on the bottom to slightly above". While his comments were directed at national trends he also pointed to the current combination of lower interest rates, a strong stock market, and low unemployment typically pull housing out of a slowdown.

While the Atlanta market has not suffered from the drop in home prices that have been experienced in areas with intense speculative buying, we are definitely in a buyers market in the majority of areas and price points. For first time home buyers and investors the current combination if increased inventory and low interest rates make this an ideal time to buy. While interest rates are not expected to move up much in the next few months I believe that once any hint of an official housing bottom is recorded that the media will widely report this empowering many sellers with the belief that they don't need to forfeit as much to get a transaction done.

For current home owners selling and moving up to a higher price point the "buyers market" effects on their more expensive home should still leave them in a strong net position. As always my buyer and seller clients find themselves extremely will informed about current market values and trends enabling them to make prudent decisions in any market condition.