2022 Q3 in Review – The Silver Lining

We’ve officially reached the fourth quarter of 2022 giving us a chance to compile a variety of statistics to round out the third quarter on a positive note.

Mortgage rates fluctuated greatly in the third quarter of 2022. The average 30-year fixed rate dipped as low as 4.99% on Aug. 4 then reached a high-water mark of 6.7% on Sept. 29, according to Freddie Mac. It is no doubt that inflation has been high this year with the CPI (Consumer Price Index) at 8.3% year- over-year in August — prompting the Federal Reserve to raise its key interest rate by 0.75 percent points. Each factor resulting in mortgage rates crossing the 6% threshold

Regardless of market condition, it’s important to have a trusted advisor by your side to help you through even the toughest real estate waters. The good news here is, our seasoned advisors can be just that, and even more.

Through a powerful combination of our Engel & Völkers global reach and Atlanta expertise, we continue to break records by utilizing an iconic marketing strategy, innovative technology, and an exceptional level of service. This type of an exceptional approach is applied to each and every individual we work with, and you are one in the same. Through our past quarter, the time we’ve spent dedicated to helping our advisors and clients succeed can be summarized by several weeks of network growth, monumental achievements, and exciting shop milestones that further validate the well qualified team we have working together for the greater good of our real estate community.

While we’re on the topic, we feel congratulations are in order for our advisors continuing to reach new heights in a market that takes a great amount of strategy and agility to navigate properly. We are grateful for the hard work you’ve put in alongside our internal team to make the following numbers possible!

By the numbers:

While we are eager to continue making strides in Q4, we are grateful for our success so far in this season of 2022 and look forward to the growth to come. For more information or to stay up to date with all things Engel & Völkers Atlanta, visit evatlanta.com.