Developer · Decatur, GA · Member since 2011 · 1k+ posts · 1k+ votes
The market is heating up in GA and real estate professionals seem confident yet nervous. Confident because prices seem to be heading up quickly and demand is strong. Nervous because it feels like prices are going up too quickly. What would leading indicator would cause you to throttle back quickly?
What are some are some of the macroeconomic factors that you watch out for that might burst this bubble? Interest rates ...
The market is heating up in many parts of the U.S.! I've been challenged lately to find enough inventory for my company.
You ask a great question here. Part of the reason prices are going up quickly is due to demand (both investor and first-time homeowners taking advantage of these ultra-low rates). The other reason is that prices are regressing back to the mean after having been beaten down from the "crash". This is normal after a drop like that.
Keep an eye on migration rates in and out, local employment/unemployment trends, large companies moving in or out, housing inventory, days on market, year-over-year percentage change in appreciation, and of course interest rates as it can reduce demand and stall a market.