The McGuire RE Team

11/29/2022

November 29th is Giving Tuesday, a global day of giving, collaboration and generosity. There are so many wonderful organizations participating again this year. We ask that you consider the Louetta Roberts Hemby Breast Cancer Foundation in your charitable giving. Your support means that we can continue to serve the needs of breast cancer warriors, survivors and their loved ones.

There are several ways to participate in Giving Tuesday – donate skills, volunteer time or make a financial contribution.

For volunteer opportunities please visit our website at www.lrhbreastcancerfoundation.org/volunteer-opportunities.

Financial contributions can be made at: www.lrhbreastcancerfoundation.org/donate

The Louetta Roberts Hemby Breast Cancer Foundation is a 501(c) 3. All donations are tax deductible.

07/14/2022

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'My Character:' I am honest, dependable and trustworthy. This is key to any worthwhile relationship. You want to be in business with someone you trust.

07/14/2022

While a home inspection report is vital before purchasing an older home, experts agree that even newer homes should be checked.Not only will the report help you learn about repairs that should be made immediately, it's a handy reference guide to keep on-hand throughout the time you live in the home....

05/24/2020

Great time to buy! Contact The McGuire Team: [email protected]

Mortgage rates have reached record lows, and now many housing experts are predicting they'll continue falling to the 2% range.

04/30/2020

If you would like to know more about down payment assistance, please click on the link below.

https://www.workforce-resource.com/dpr/pmt/FMLS/FRANCES_MCGUIRE

Call me at (770) 910-6731

03/14/2020

Happier house hunting is here! Download my app and search for your dream home(s) like never before. Save your favorites in a Collection and share them with anyone, including me! Try it out at https://app.kw.com/KW1VV00JP.

03/12/2020

Credit Inquiries and Home Loans

Since a minimum credit score is required for most loan programs, the first thing a lender will do is check to see if your score measures up – this is known as a "credit inquiry." There are two primary types of inquiries, a hard and a soft inquiry. A hard inquiry will have a direct and almost immediate impact on credit scores whereas a soft inquiry will not. A hard inquiry is one where the individual has made a direct request for new credit. The request can be for a new automobile loan, installment loan or a credit card. In these cases, a single, somewhat isolated request for new credit will have a marginal impact on credit scores.

Multiple requests for credit during a compressed period of time, however, will eventually harm scores. The logic is that several quick requests for new credit could indicate an individual is on the cusp of financial hardship, and the new credit accounts are intended as a budgetary life-preserver. These varied, numerous requests can keep companies from issuing new credit.

A soft inquiry is relatively benign and won't affect scores at all. A soft inquiry is when someone requests their own credit report for a review. Soft inquiries are often made by employers or landlords, and won't hurt your score.

When it comes to applying for a home loan, it's important to understand the details. Let's say you've applied for a mortgage loan, but you haven't heard anything back from the loan officer. After two weeks you want to apply for a mortgage at another lender, but you're concerned that another hard inquiry will ding your credit score. While this is a valid concern, the guidelines set forth by the Consumer Financial Protection Bureau have ruled that multiple requests for the same type of account within a 45 day period count as just one inquiry. Therefore, there is no harm in shopping around when it comes to finding the right home loan.

REAL ESTATE NEWS
Brought to you by Alison Hall/Keller Williams Realty

02/19/2020

Atlanta REALTORS® Market Brief

January 2020 Edition
The Atlanta REALTORS® (ARA), the largest association of its kind in Georgia, released its January 2020 Market Brief on residential housing statistics in metro-Atlanta. The Market Brief, compiled by First Multiple Listing Service (FMLS), provides the only regionally focused synopsis of monthly sales and home prices for single family residential properties. This summary covers 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Paulding and Rockdale.

January Comments
Demand: January residential sales were at 3,280, an increase of 7.8% from the previous year.

Price: Average and median sales prices continue to gain traction and outpace 2019’s figures, with positive gains. The median sales price in January was $273,000, an increase of 7.1% from last January. The average sales price was $336,000, up 6.0% from the previous year.

Supply: Atlanta area housing inventory totaled 11,483 units in January, a decrease of 10.9% from January 2019. New listings totaled 4,173, down 9.8% from January 2019 and up 48.4% from the previous month. The month’s supply over a 12-month period decreased to 2.3 months.

A Word from 2020 Atlanta REALTORS® President Jennifer Pino: Jennifer Pino, President of Atlanta REALTORS® Association said, "National economists have projected sales should increase modestly over 2020, but Metro Atlanta experienced a great start to 2020 with January sales reflecting a strong 7.8% increase. With demand remaining high and inventory levels continuing at historic lows, the median price has increased again by 7%. Interest rates are expected to remain low throughout 2020, which will help keep the monthly mortgage at an affordable level."

The data in this report was compiled by First Multiple Listing Service (FMLS). For more information on details of this month's report, please contact the Association at 404.250.0051.