As the spring housing market kicks off, you likely want to know what you can expect this season when it comes to buying or selling a house. While there are multiple factors causing some uncertainty, including the conflict overseas, rising inflation, and the first rate increase from the Federal Reserve in over three years — the housing market seems to be relatively immune.
Here’s a look at what experts say you can expect this spring.
1. Mortgage Rates Will Climb
Freddie Mac reports the 30-year fixed mortgage rate has increased by more than a full point in the past six months. And despite some mild fluctuation in recent weeks, experts believe rates will continue to edge up over the next 90 days. If you’re a first-time buyer or a seller thinking of moving to a home that better fits your needs, realize that waiting will likely mean you’ll pay a higher mortgage rate on your purchase. And that higher rate drives up your monthly payment and can really add up over the life of your loan.
2. Housing Inventory Will Increase
There may be some relief coming for buyers searching for a home to purchase. Realtor.com recently reported that the number of newly listed homes has grown for each of the last two months. If you’re a buyer who has been frustrated with the limited supply of homes available for sale, it looks like you could find some relief this spring. However, be prepared to act quickly if you find the right home. Read more on KeepingCurrentMatters.com.
Resort Style Living – Live On the Lake
Amenities View
The Canoe Club is a great place to live year-round. The community won a Silver award for the Best Amenity Package in the 2021 OBIE Awards this year! You will enjoy coming home to a lakeside wharf dock and canoe storage plus a 24-hour fitness center. You will love being able to get out on the water and enjoy your best outdoor lifestyle while practicing social distancing. You will enjoy coming home to over 600 picturesque acres and two spectacular freshwater lakes, Menawa and Senoya.
Other amenities include a 5,500 square foot Nantucket-inspired Lake Cottage Clubhouse overlooking the lake. Take a swim in the four-lane lap pool or enjoy the large gathering room, sunroom, catering kitchen, and coffee bar.
Quick Access to Downtown Atlanta and More
The Canoe Club in Fayetteville is located approximately 22 minutes from downtown Atlanta, making it an easy trip to enjoy all that downtown Atlanta has to offer. If you travel frequently or work within the airport industry, Fayetteville is only 13 miles from Atlanta-Hartsfield International Airport. Close to Pinewood/ Trilith studios & Piedmont Hospital.
The Canoe Club is proud to be partnered with New Leaf Homes and Jeff Lindsey Communities.
From Atlanta: Take I-85 South to Exit 61, Peachtree City/Fairburn. Turn left on GA Highway 74 and travel approximately 2.5 miles. Turn left onto Sandy Creek Road and travel 6.5 miles to GA Highway 54. At GA Highway 54, turn right and go about 3/4 mile. Turn left on Huiet Drive and travel approximately 1/2 mile to the entrance of The Canoe Club. Follow the community signs to the Lake Cottage and Sales Center.
Sales Center Contact Information
Monday – Friday – By Appointment Only – Saturday, 11-6 and Sunday 1-6.
Verkina Parrish – 770-846-8004
Kristen Cunningham – 770-843-1390
Sales handled by Berkshire Hathaway HomeService – Georgia Properties-New Homes Division. All information is believed to be accurate but is not warranted. Subject to errors, omissions, and change without notice
