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Weak dollar makes Atlanta a good buy for overseas investors - 02/13/08 03:06 PM
Weak dollar makes Atlanta a good buy for overseas investorsBy JULIE B. HAIRSTONThe Atlanta Journal-ConstitutionPublished on: 02/08/08 Canadian real estate investor Beau Jarvis came to Atlanta by way of Hong Kong. Representing Onni Group of Companies, one of western Canada's largest developers, Jarvis encountered Kerman Haynes, president of Atlanta-based InterConnect Worldwide, last fall at a Hong Kong trade conference. What Haynes told him about metro Atlanta's real estate market piqued his interest enough to prompt a recent visit to tour available properties. Investors like Jarvis are helping to buoy Atlanta's real estate market in the tough 2008 economic climate. Increasingly, as U.S. buyers struggle
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INSIDE ADVICE: 2008 prognosticators show existing home sales going up - 02/07/08 12:52 PM
One of my favorite motivational speakers, John Adams, Atlanta Real Estate Investor/Broker/Guru is very encouraged by the prospects for a better market John had this to say: The Federal Reserve cut the federal funds rate by a quarter-percentage point recently to the lowest level in nearly two years. The move is designed to stimulate the economy and prevent a credit crunch from hurting consumer and business lending. Real estate sales should benefit from this. Banks typically base their prime interest rate on this federal funds rate plus 3 percent, bringing the prime down to 7.25 percent. Lowering the prime rate tends to lower overall
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Bill McDaniel
Atlanta,
GA
More about me
RE-Source Realty Brokers, In.c
Address: P. O Box 14046, Atlanta, GA, 30324
Office Phone: (404) 892-2405
Cell Phone: (770) 374-7695
Email Me
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