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Welcome to Central Georgia Realty

Central Georgia Realty is a full-service real estate brokerage and property management firm headquartered in Senoia, GA and serving all of South and North Atlanta. Currently managing over 200 residential properties for individuals, small investors, and institutional investors, we are experts in this part of the state in the property management business. We also offer management services for smaller multi-family properties, up to 30 units.

In addition to property management services, Central Georgia Realty also offers real estate sales. Whether you're a home owner looking to sell your home, an investor looking for great investment opportunities, or a buyer looking for your dream home, we can help you reach your goals.

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June home sales bad for sellers, good for income property investors

Todd Ortscheid - Thursday, July 24, 2014

The latest data for new home sales is out for the month of June, and it continues to be bad news for home builders and sellers. But, it's important to note that bad news for sellers is frequently good news for owners of rental properties, because it means demand for rentals will continue to be high and prices of homes that you can acquire for additional rental properties remain reasonable.

The data for June shows that new home sales dropped by 8.1% from May, and figures for March, April, and May were also revised downwards. In the south, the number was even worse at a 9.5% drop. The median sales price was down 3.2% from May, but up 5.2% from the previous year.

For existing home sales, numbers were actually up 2.6% from May, but down 5% from a year ago. Housing inventory is also at a 3-year high.

Again, bad news for home sales is usually good news for owners of rental properties. Would-be buyers are instead choosing to stay in rental properties for a variety of reasons, including the fact that millennials continue to show little interest in home ownership. Your rental properties should continue to have little problem finding tenants, evidenced by our average time on market of under a month. This also means that you have more time to acquire more properties for your investment portfolio before prices go up to levels unattractive for investors.

Give us a call if you'd like to rent out your house or acquire more investment properties. As a full-service brokerage, we can help you with it all.

Update from the Federal Reserve Chairperson

Todd Ortscheid - Sunday, July 20, 2014

Last week the chairperson of the Federal Reserve, Janet Yellen, gave her testimony to both House and Senate committees, which included interesting information for homeowners and real estate investors.

Most notably, she signaled that although the Fed will be likely to start increasing rates at some point in the not-too-distant future, it isn't time just yet due to a still uncertain economy. This means the Fed will continue to keep interest rates at incredibly low levels for the time being. After this testimony, the 10-year Treasury bond yield dropped to 2.54%, and that's certain to cause mortgage rates to drop with it in the coming weeks. This means that you will probably be well served to look at refinancing if you're still paying higher rates from past years.

Interest rates are likely to increase at some point in 2015, so now is the time to start talking to a mortgage lender about refinancing. There are numerous mortgage calculators on the internet that you can use to see how beneficial it would be for you to refinance, or if you're one of our clients, you can contact us and we can assist you with it.

Also in the Chairperson's comments were some words directly related to the housing market. She referred to "little recent progress" in the housing market, and stated that "housing activity leveled off in the wake of last year's increase in mortgage rates, and readings this year have, overall, continued to be disappointing." While this is not good for owners looking to sell properties, this is good news for owners holding income property, because it means you're still likely to have little problems finding decent tenants.

While we continue to expect housing to improve over the next few years, our analysis is that we expect the real improvements to come later rather than sooner, with any significant improvements probably not coming until at least the second half of next year. That means income property is still the place to be for real estate investors. Give us a call if you'd like to look at more purchases to add to your income property portfolio.

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Central Georgia Realty
42 Main Street Suite 2B
Senoia, GA 30276

(678) 648-1244

Central Georgia Realty, LLC, Property Management, Senoia, GA

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