With the job market in a tailspin, the question of whether a new owner will want to keep a staff of 40 is being asked more often by real estate agents than by buyers.
“When you have a shortage of people, the demand goes up,” said Tom Smith, chief executive officer of the real estate group AIG-Mortgagee.
The median income for a family of four in Georgia is $42,000, down from $50,000 a decade ago.
According to the Census Bureau, the median household income in Georgia in 2019 was $63,600.
The median salary for a full-time person is $80,000.
But that is not enough to pay for a decent salary.
As the housing market is going through a downturn, demand is expected to rise for those looking for work, but that could mean that the market will be slow to adjust, Smith said.
A lot of the time, the market is adjusting.
The market will just be slower.
So if you are looking to buy a home, I would be concerned about that.
A typical owner of a home in Georgia has $1,500 in home equity, according to the Georgia Association of Realtors.
For a typical house, that equates to $400,000 in home debt.
And, of course, a lot of these homes are not currently affordable.
“The bottom line is, if you can’t afford it, don’t buy,” Smith said, adding that if you don’t own a home or if you’re looking for a house that is, the odds of a buyer wanting to keep you in it are pretty low.
The Georgia Real Estate Association estimates that the median price of a Georgia home was $175,000 for the last year, down 4.6% from a year ago.
The average price of the homes was $206,400.
While the market has slowed in the past few years, the number of listings has jumped, and sales have been booming, said Jeff Lohman, president of the Georgia Real estate Association.
With the job growth and the construction of the Beltline and other projects, more and more people are looking for affordable homes, Lohmen said.
He said that a recent survey by the Real Estate Board of Georgia found that more than 95% of Georgia buyers would like to buy in the next year.
“We are still in the middle of a recovery.
We are still recovering from the recession.
We have some recovery to go,” Lohmann said.
But the shortage of available homes in Georgia could be a problem for some sellers, including many who are new to real estate.
“They are looking at a home they want to buy, but it is not affordable,” said Jason Bicicletta, president and chief executive of Biciclesa Estatica Estates.
Bicicletta Estasis is one of the more than 100 real estate companies that are opening new office space and relocating their headquarters to Georgia.
The company recently added 10 new office jobs in Atlanta.
Bicsicletta said that if people are going to move to Georgia, they should do so in the right way.
He said that the most important thing is to not be greedy, and if you have to leave, do it with dignity.
“I’m a proud Georgiaer,” Biciello said.
“If we don’t get the right person for our needs, then the people who need our services will just leave.”
Bicietta Estasis has opened more than 200 offices in Georgia and plans to open at least one more in the coming years.
We can’t be greedy or want to leave people behind, Biciigta Estasis CEO Jason Biciicletta told the Associated Press.
It’s really hard to sell a home when you can find someone willing to take the time to learn your business and help you out in your own neighborhood.
Bicciicletta Estates has been in business for 10 years and has opened offices in Atlanta, Savannah, Kennesaw, and the Atlanta area.
To see if you qualify, call the office at (404) 924-3460.