Eugene James: Realtors Aren’t Going Away

Atlanta Real Estate Forum Radio

Atlanta Real Estate Consultants Broker Eugene James, a seasoned professional with 30 years of experience in the real estate sector, joins host Carol Morgan for this week’s Atlanta Real Estate Forum Radio episode. In the newest All About Real Estate segment, James gives his opinion on where the market is headed for the rest of the year and how the recent NAR ruling has influenced it.

James believes the new ruling will not affect experienced, effective real estate agents. He noted that the seller and buyer agents need strong communication when determining compensation details. When asked if the NAR ruling will make real estate agents less desirable, James made it clear that real estate agents will not be replaced and that buyers and sellers need a professional to guide them through pitfalls with such a significant investment.

Recently, Atlanta reported a 50% increase in home inventory, but James still claims it’s a seller’s market. Home prices have not dropped despite the growth, and he predicts prices will continue to climb.

James said, “Atlanta is still a hot place to live. And we still see the population growth.”

Of course, this will place more pressure on the need for home inventory. The problem with new construction and housing inventory is a land and lot shortage. James says finding land is the developers’ most significant challenge and will continue to be.

He also shared that the resale market will remain the same unless mortgage rates go down, estimating that it will be late 2025 until home prices and mortgage rates come down.

James said, “It’s getting more challenging for builders to build entire communities because of government restrictions that are being put in place, even for that sector.”

Recently, developers reported that new zoning requirements in Paulding County add around $200,000 to each new home, which creates a significant burden for home builders and a huge price increase that homebuyers will have to absorb. This new zoning exemplifies how government regulations can negatively affect inventory.

What about the Silver Tsunami? Is it real? James shared that the current housing market hasn’t made the Silver Tsunami possible because if people 55+ sell their homes, they have no homes to buy, as the housing inventory hasn’t met demand.

Tune into the full interview above to learn more about Atlanta Real Estate Consultants, or visit https://ARECSold.com.

A special thank you to Denim Marketing for sponsoring Atlanta Real Estate Forum Radio. Known as a trendsetter, Denim Marketing has been blogging since 2006, podcasting since 2011 and is currently working on strategies for the Google Helpful Content update and ways to incorporate AI into sales and marketing. Contact them when you need quality, original content for social media, public relations, blogging, email marketing and promotions. A comfortable fit for companies of all shapes and sizes, Denim Marketing understands marketing strategies are not one-size-fits-all. The agency works with your company to create a perfectly tailored marketing strategy that will adhere to your specific needs and niche. Try Denim Marketing on for size by calling 770-383-3360 or by visiting www.DenimMarketing.com.

---

The Atlanta Real Estate Forum Radio “All About Real Estate” segment, presented by Denim Marketing, highlights the movers and shakers in the Atlanta real estate industry – the home builders, developers, Realtors and suppliers working to provide the American dream for Atlantans. For more information on how you can be featured as a guest, contact Denim Marketing at 770-383-3360 or fill out the Atlanta Real Estate Forum contact form. Subscribe to the Atlanta Real Estate Forum Radio podcast on iTunes, and if you like this week’s show, be sure to rate it.