The Real Estate Update 


Oct. 31, 2023

Foreclosures and Bankruptcies Won’t Crash the Housing Market

Foreclosures and Bankruptcies Won’t Crash the Housing Market

If you've been following the news recently, you might have seen articles about an increase in foreclosures and bankruptcies. That could be making you feel uneasy, especially if you're thinking about buying or selling a house.

But the truth is, even though the numbers are going up, the data shows the housing market isn’t headed for a crisis.

Foreclosure Activity Rising, but Less Than Headlines Suggest

In recent years, the number of foreclosures has been very low. That’s because, in 2020 and 2021, the forbearance program and other relief options were put in place to help many homeowners stay in their homes during that tough time.

When the moratorium ended, there was an expected rise in foreclosures. But just because they’re up, that doesn't mean the housing market is in trouble.

To help you see how much things have changed since the housing crash in 2008, check out the graph below using research from ATTOM, a property data provider. It looks at properties with a foreclosure filing going all the way back to 2005 to show that there have been fewer foreclosures since the crash.


As you can see, foreclosure filings are inching back up to pre-pandemic numbers, but they're still way lower than when the housing market crashed in 2008. And today, the tremendous amount of equity American homeowners have in their homes can help people sell and avoid foreclosure.

The Increase in Bankruptcies Isn’t Dramatic Either

As you can see below, the financial trouble many industries and small businesses felt during the pandemic didn’t cause a dramatic increase in bankruptcies. Still, the number of bankruptcies has gone up slightly since last year, nearly returning to 2021 levels. But that isn’t cause for alarm.


The numbers for 2021 and 2022 were lower than more typical years. That’s in part because the government provided trillions of dollars in aid to individuals and businesses during the pandemic. So, let’s instead focus on the bar for this year and compare it to the bar on the far left (2019). It shows the number of bankruptcies today is still nowhere near where it was before the pandemic. Both of these two factors are reasons why the housing market isn't in danger of crashing.

Bottom Line

Right now, it's crucial to understand the data. Foreclosures and bankruptcies are rising, but these leading indicators aren’t signaling trouble that would cause another crash like we say 15+ years ago.


#cummingrealtor #cummingrealestate #suaneerealtor #Suwaneerealestate #buyingforeclosuredhomes .



Oct. 28, 2023

Cumming Ga Real Estate Update by John Foster, Realtor

Cumming Ga Real Estate update

The Data is through the End of September 2023 

What drives the Cumming Ga (Forsyth County) Growth - one of the main drivers is the school System

If you are considering selling your Atlanta Home - call John Foster W Keller Williams at 770 722-7010 or


Are you considering buying a home in North Atlanta  - call John Foster W Keller Williams at 770 722-7010 or


#forsythcountyschoolsystem #cummingrealestate #cummingmarketupdate #bestrealtorincummingga


Oct. 24, 2023

Where did All The Homes for Sale Go?

Wondering why the supply of homes for sale is limited today?

Bottom Line:

If you are considering selling your home it is a great time to be a seller.  Limited supply with strong demand.  I had a closing last month in Lakeview at Laurel Springs.  We received 17 offers and it set a new "High" in the community by $193K.  It is a great time to sell a home.

Here is my Sellers review.  

#alpharettarealtor #alpharettarealesttate #atlantaldsagent #Suwaneerealestate #laurelspringshoa #laurelspringslistingagent #suwaneerealtor #lamberthighschool 


Oct. 24, 2023

What are the Perks of Selling Your House When Inventory Is Low

The Perks of Selling Your House When Inventory Is Low

When it comes to selling your house, you’re probably trying to juggle the current market conditions and your own needs as you plan your move.

One thing that may be working in your favor is how few homes there are for sale right now. Here’s what you need to know about the current inventory situation and what it means for you.

The Supply of Homes for Sale Is Far Below the Norm

When you’re selling something, it helps if what you’re selling is in demand, but is also in low supply. Why? That makes it even more desirable since there’s not enough to go around. That’s exactly what’s happening in the housing market today. There are more buyers looking to buy than there are homes for sale.

To tell the story of just how low inventory is, here’s the latest information on active listings, or homes available for sale. The graph below uses data from to show how many active listings there were in September of this year compared to what’s more typical in the market.


As you can see in the graph, if you look at the last normal years for the market (shown in the blue bars) versus the latest numbers for this year (shown in the red bar), it’s clear inventory is still far lower than the norm.

Atlanta Inventory Levels since Jan 2018

In Atlanta our inventory levels have dropped from approximately 28K homes for sale to a pandemic low of around 10K for sale and today a little over 17K homes for sale.  Inventory levels are coming back slowly and there are still plenty of buyers wanting to buy a home.

What That Means for You

Buyers have fewer choices now than they did in more typical years. And that’s why you could still see some great perks if you sell today. Because there aren’t enough homes to go around, homes that are priced right are still selling fast and the average seller is getting multiple offers from eager buyers. Based on the latest data from the Confidence Index from the National Association of Realtors (NAR):

  • 69% of homes sold in less than a month.
  • 2.6 offers: the average number of offers on recently sold homes.

An article from also explains how the limited number of houses for sale benefits you if you’re selling:

“. . . homes spent two weeks less on the market this past month than they did in the average September from 2017 to 2019 . . . as still-limited supply spurs homebuyers to act quickly . . .”

Bottom Line

Because the supply of homes for sale is so low, buyers desperately want more options – and your house may be just what they’re looking for. Let’s connect to get your house listed at the right price for today’s market. You could still see it sell quickly and potentially get multiple offers.

Oct. 24, 2023

Reasons to Become a Homeowner

Trying to decide if you should rent or buy a home?

Consider these benefits that come with buying. Let’s connect to take the first steps on your homebuying journey.


Let us connect:

Call John Foster at 770 722-7010 or


Oct. 24, 2023

The Difference between renting and buying a home

The difference between renting a home and owning your home.


Are you trying to decided if renting is better compared to owning a home?  If you are, one major question to ask yourself is how long do you plan to live in the home.  Over the long haul, owning a home is one of the first ways people accumulate wealth.


Trying to decide if you want to rent or buy a home? Here are a few perks only homeownership can give you. With a fixed-rate mortgage, your monthly payment is locked in, shielding you from future rent hikes. Plus, you'll be building equity and growing your wealth over time if you buy. If you're done with renting and are ready to make a move into homeownership, let's chat.

Let us Connect if you are considering buying a home:

Want to know how to buy a home?  Let us connect.  I am happy to walk you through the process.

#buildwealth #firsttimehomebuyer #investinyourfuture #powerfuldecisions #realestate #homeownership #homebuying #opportunity #housingmarket #househunting #makememove #homegoals #keepingcurrentmatters


Oct. 20, 2023

Growth In Home Prices is Returning to Normal

Home Price Growth Is Returning to Normal 

Some Highlights

  • If you're wondering what’s happening with home prices, know they’re still rising, just at a slower pace – and that’s perfectly normal for this time of year.  
  • Based on typical seasonality in the market, prices go up most in the spring during the peak buying season, and then price growth slows down as the year goes on.
  • Home prices aren’t falling. They’re just rising slower and going back to normal seasonal trends. That’s a good thing. If you're curious about prices in our area, let’s connect.
  • Considering buying or selling this year?  Let us connect - or call 770 722-7010.



#cummingrealtor #cummingrealestate #Miltonrealtor #miltonrealestate #alpharttarealtor #alpharettarealestate

Oct. 20, 2023

Excellent Realtor - Best and Easiest-to-work with!! Review of Realtor John Foster

Review of John Foster, Realtor in Cumming Ga, by a Seller after the home closed

I am grateful to have friends and clients and trust me to assist in the sale of their home.  If you are considering selling your home in the Atlanta area - let us connect.  770 722-7010.


#cummingrealestate #cumminghomesforsale #howdoIsellmyhome #laurelspriingshomesforsale #creekstoneestateshomesforsale #windermerehomesforsale #movingtocummingga #movingtoalpahretta


Oct. 7, 2023

How Homeowner Net Worth Has Grown Over Time

How Homeowner Net Worth Grows with Time 

Some Highlights

  • If you’re thinking about buying a home this year, be sure to consider the long-term financial advantages of homeownership, like home equity.
  • On average, people who bought homes 32 years ago have seen their home’s value nearly triple over that time.
  • If you’re wondering if buying a home is a good idea, remember rising home values could grow your net worth with time. When you’re ready to start your homebuying journey, let’s talk.
  • If you are considering Buying a Home Contact John Foster, Atlanta Realtor, today at 770 722-7010
  • Are you considering selling your home?  Contact John Foster today and get his FREE Home Sellers guide.  Request his guide (Click on Sellers Tab)
Oct. 2, 2023

Why don't we have more homes on the market?

Explaining Today’s Low Housing Supply

Some Highlights

  • Wondering why the supply of homes for sale is limited today? There are a few factors at play.
  • Lack of building over time, the mortgage rate lock-in effect, and people staying in their houses longer are three of the main reasons why supply is low.
  • But real estate agents know exactly where to look and what to do to make your dream a reality. Let’s connect so you have an expert on your side to help you successfully navigate the market and find your next home. 





#cummingrealestate  #homesforsaleCummingga #cummingga #halcyon #alpharettarealestate