Yes, spring is a great time to purchase your new home at Adyn Park in Historic Woodstock. Why now? Because, although home prices are up, the cost of buying a home is down because of low, low mortgage rates.
In fact, at the beginning of last year, the 30-year fixed-rate mortgage stood at 4.46%. At present, the mortgage rates are over a full percentage point lower, making purchasing a new home even more affordable. Furthermore, Michael Hyman, a research data specialist for the National Association of Realtors (NAR), explained how the monthly cost of owning a home has decreased:
“With lower mortgage rates compared to one year ago, the payment as a percentage of income fell to 15.5%…from 17.1% a year ago.”
Despite the low housing inventory in the metro Atlanta area, many new home communities have move-in ready homes available. For example, Adyn Park is an intimate community of 29 contemporary townhomes. These townhomes have plenty of space with generous square footage of 2,560 square feet. Adyn Park is the best in the class of new construction townhomes.