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Sheila Davis Group Summer 2023 Newsletter
Just Listed 6563 Crestwood Peninsula, Flowery Branch

WOW!🔥 Calling all Lake Lovers this charming Lake Lanier compound is perfect for full time or second home life! 6563 Crestwood Peninsula, Flowery Branch features a total of 4 bedrooms and 4 and 1/2 baths. Renovated luxury lake cottage with water views, AND a new 3 car carriage house for guests. This charming luxury lake cottage has a rustic exterior flair, with a modern interior completely renovated in 2019/2020. With multiple outdoor entertaining areas, a huge covered back porch with beautiful water views, a fenced and private yard for the main house, and all updated beautiful hardscapes and landscaping. An easy, gentle walk leads to the boat slip in the HOA managed 8 slip covered dock. (slip is last on right) Located on a quiet wake-free cove, yet close to the big water. FMLS #7186949, $1,289,000
Sheila Davis 770-235-6907 LakeLaniersFinest.com see the full listing details at 6563 CRESTWOOD PENINSULA
Sheila Davis Group again one of Top 500 Realtors in the Greater Atlanta area


Why It Makes Sense To Move Before Spring

Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time of year. If you’re ready to buy a home, here’s why it makes sense to move before the spring market picks up.
Spring Should Bring a Wave of Buyers to the Market
In most years, the housing market goes through predictable seasonal trends in activity. Winter is typically a quiet point in the year, while spring sees a surge of buyers begin their search. And experts project that this year will be no exception.
Right now, buyer demand is low due to a combination of normal seasonal trends and a reaction to last year’s rise in mortgage rates. But rates have started to come down since last November, which has more and more potential buyers planning to jump into the market. That means right now is a sweet spot if you’re in a good position to buy, before more buyers reappear. Affordability is beginning to improve, but demand is still low — for now. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), shares:
“. . . expect sales to pick up again soon since mortgage rates have markedly declined after peaking late last year.”
If you’re ready to buy a home, right now is the best time to do so before your competition grows and more buyers enter the market.
Today’s Sellers Are Motivated
Low demand from buyers often means sellers are more motivated to work with you, and that can set you up to buy a home on your terms. In fact, sellers have been more willing to negotiate this winter because there are fewer buyers in the market. According to a recent article from Forbes:
“. . . sellers gave concessions to buyers in 41.9% of home sales in the fourth quarter of last year.”
But keep in mind, the advantages buyers have this winter won’t last forever. The competition you face could be greater if you wait until spring to make a move, and increased buyer demand means sellers will have less motivation to negotiate with you. Be sure to work with a trusted real estate professional to learn what you can expect in your local market right now.
Bottom Line
If you’re in a good position to make a move, it may make sense to move before spring. Working with our team of expert real estate advisors is the best way to learn about the current market and what it means for you. Let’s connect today to determine the best plan to achieve your homebuying goals. The Sheila Davis Group 770-235-6907 – Lake Lanier’s #1 Realtors
Homebuyer loan requests jump 25% as mortgage rates continue to fall

January 18, 2023 BY MATT CARTER Inman Connect
Two months of declining mortgage rates have finally got the attention of homebuyers, with demand for purchase loans jumping 25 percent last week as rates continued to descend toward 6 percent, according to a weekly survey of lenders by the Mortgage Bankers Association.
“Mortgage application activity rebounded strongly in the first full week of January, with both refinance and purchase activity increasing by double-digit percentages compared to last week, which included the New Year’s holiday observance,” said MBA Chief Economist Mike Fratantoni, in a statement. “Despite these gains, refinance activity remains more than 80 percent below last year’s pace and purchase volume remains 35 percent below year-ago levels.”
Mortgage rates in decline
According to loan lock data tracked by Optimal Blue, rates on 30-year fixed-rate conforming mortgages hit a 2022 high of 7.16 percent on Oct. 24. Mortgage rates have been in a general downward trend since then, hitting a 2023 low of 6.15 percent on Thursday, Jan. 12.
Rates have eased in the wake of the Federal Reserve’s Dec. 14 decision to slow the pace of short-term interest rate hikes, and more recent data that suggests inflation may be easing.
“Mortgage rates are now at their lowest level since September 2022, and about a percentage point below the peak mortgage rate last fall,” Fratantoni said. “As we enter the beginning of the spring buying season, lower mortgage rates and more homes on the market will help affordability for first-time homebuyers.”
For the week ending Jan. 13, the MBA reported average rates for the following types of loans:
- For 30-year fixed-rate conforming mortgages (loan balances of $726,200 or less), rates averaged 6.23, down from 6.42 percent the week before. With points decreasing to 0.67 from 0.73 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans, the effective rate also decreased.
- Rates for 30-year fixed-rate jumbo mortgages (loan balances greater than $726,200) averaged 6.08 percent, essentially unchanged from 6.09 percent the week before. With points decreasing to 0.4 from 0.66 (including the origination fee) for 80 percent LTV loans, the effective rate decreased.
- For 30-year fixed-rate FHA mortgages, rates averaged 6.26 percent, down from 6.39 percent the week before. Although points increased to 1.05 from 1.03 (including the origination fee) for 80 percent LTV loans, the effective rate decreased.
- Rates for 15-year fixed-rate mortgages, rates averaged 5.58, down from 5.94 percent the week before. With points decreasing to 0.54 from 0.62 (including the origination fee) for 80 percent LTV loans, the effective rate also decreased.
- For 5/1 adjustable-rate mortgages (ARMs), rates averaged 5.31 percent down from 5.37 percent the week before. Although points increased to 0.74 from 0.72 (including the origination fee) for 80 percent LTV loans, the effective rate decreased.
With the drop in rates, requests for ARM loans accounted for just 6.6 percent of all mortgage applications, down from 11.8 percent during the week ending Oct. 28.
Requests for FHA loans accounted for 13 percent of last week’s applications, down from 13.4 percent the week before. VA loan applications accounted for 11.8 percent of loan requests, down from 13.2 percent the week before.
As always, please give us a call if you would like to discuss your situation and how we can help you with your real estate goals! or contact us here and we will give you a call!
2020 LAKE LANIER Real Estate in Review
Our Pledge… Our Promise…
Congrats to our Agents for Hall Co Board of Realtors Awards!




We enjoyed celebrating at the Hall County Board of Realtors Awards banquet last night at the Chattahoochee Country Club with our own Linda Thompson who won the Education Award and with Nicole Columbo, Stephanie Gillespie, Michelle Sparks and Sheila Davis for The Circle of Excellence Awards. We are constantly enriching our education to serve you better! $43 million sold and #1 in Sales on Lake Lanier! Give us a call if we can help you buy or sell on Lake Lanier 770-235-6907