atlanta: Tortoise v. Hare home markets
- 01/06/14 11:03 PM
I have said for a long time that Metro Atlanta is a "tortoise" market. I have used that analogy many times. We dont get the big price run ups like Phoenix, Las Vegas, or L.A. But those areas have seen market price declines many times before. According to records from FHFA the recent decline in our area was the only significant decline in over 35 years.
But like any market, you need to be in for the long haul. If you think like the tortoise you can win!
****** From today's DSNews: Are 'Tortoise' Markets Beating 'Hares' In Home … (1 comments)
atlanta: Bryan Ellis Newsletter interview
- 12/16/13 12:51 AM
I was recently interviewed by the Bryan Ellis Investing letter that goes out to a couple hundred thousand investors all over the country! ***************
Atlanta, Georgia has been at the top of a lot of lists these days, and that makes its real estate of prime interest to investors. For starters, according to a recently-published Forbes study, more than half (54 percent) of all real estate purchases in Atlanta are for cash and made by investors, indicating that the investing community in the area is still both flush and active. Furthermore, Atlanta and Atlanta-area home values have climbed significantly over the … (0 comments)
Back in 2007 and 2008 I predicted that the housing crash was going to be more severe and longer lasting than many people expected. Once we were in the depths of the houses crisis I predicted that we would not see recovery until investors started buying up inventory. With a 1-2 year supply of homes on the market that was only way to dry up the excess inventory. Looking in the rear view mirror I was right on both of those points.
Here is where I was (pleasantly) wrong. … (2 comments)
atlanta: Don't try to descibe a JImmy Buffett concert till you've seen it!
- 02/26/12 06:46 AM
There is nothing quite like going to a Jimmy Buffett concert! Don't try to describe it if you've never seen it! If you have never been here are some photos and video from the concert in Atlanta last Summer. Whether you are a fan or not, I think it is something everybody should do at least once!
There is the concert of course but as you will see from the video, a huge part of the experience discovering "Margaritaville" in the parking lot beforehand!
Fins to the left...! *
… (0 comments)
atlanta: Herman Cain 2012
- 05/22/11 06:53 AM
It's Official! On Saturday May, 21 Herman Cain announced his candidacy for President of The United States.
Here is the shaky phone cam video from my point of view!
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If you haven't heard of Herman Cain or you are wondering what all the excitement is about, Here is a link to the entire 30 minute speech as seen on c-span. In addition to the excitement of the announcement itself, Mr Cain gives some very clear views of his views on energy independence, job growth and creation, and foreign policy.
OK, I am now ashamed to admit that I had never been to the Georgia Aquarium until last weekend. Shame, shame, shame on me. This place is absolutely one of the coolest places ever. It is everything that it is built up to be. An added bonus last weekend was they also had a great car show in the ballroom. But even without the car show this place is amazing. Now through Nov 2, you can buy $15 adult tickets at www.georgiaaquarium.org/imaginationatl .
If you are from out of town and reading this, the Aquarium … (2 comments)
atlanta: The Allure of the Automobile
- 06/23/10 03:45 AM
"One Day these cars will be regarded as works of art.. like a Rembrandt or Picasso" Jim Southard -many,many years ago... Dad, Me, Ryan At the Allure of The Automobile. Gary Cooper's Dusenberg SJ Roadster in the background My dad said things like that many times in the 60's and early 70's. Back then people who collected old cars were mostly regarded as being at least slightly crazy. Certainly our high falutin' Sandy Springs … (13 comments)
atlanta: Stategic default ... or moral decay?
- 06/04/10 03:11 AM
Strategic default and moral decay... Before I even get started let me say that this post is NOT about people who have run in to serious hard times and can simply no longer afford their home. There are a lot of good folks who want to pay their mortgage but simply can't. For them, this does not apply. What I am talking about is people who make the conscious choice not stop paying their mortgage simply because their home has declined in value. They think it is a convenient or prudent financial decision just to stop paying. These folks are looking … (4 comments)
atlanta: Fins,under a full moon, under the bigtopJimmy Buffett. Atlanta 4-27-10
- 04/28/10 02:18 AM
Fins,under a full moon, under the bigtop.... Jimmy Buffet at Lakewood Amphitheater. Atlanta. April 27,2010 Warning! This has absolutely nothing to do with real estate, realtors, or Cobb County Homes for sale. Well other than I wrote it :-) Just like santa or the circus he comes to town once per year and yesterday was the day. The Jimmy Buffett "Under the Bigtop" tour arrived in Atlanta. For the most of the concert goers the traditional concert experience actually begins several hours before Jimmy takes the stage. Tailgating at a Buffett concert is an experience in and of itself. We … (0 comments)
atlanta: Square footage coming to Atlanta - Finally!
- 01/13/10 05:56 AM
For as long as I can remember, listings here in Ga. have not included square footage. I heard stories why this is the case, but the bottom line is that square footage does not appear on listings. That is all changing tomorrow. FMLS has announced that square footage will now populate form tax records with new listings. We can also manually input the sq. footage but we must cite the source. It is important to note that agents do not measure the property. We will only be quoting the footage from other sources. Nonetheless, i think this is a good … (2 comments)
atlanta: Cobb County Ga. Foreclosure listings
- 10/28/09 02:49 AM
Cobb County Foreclosures, Bank Owned Homes, Marietta, Kennesaw, Acworth, Smyrna, Powder Springs, Austell, Mableton, Atlanta O: 770-475-1130 X 5727 Direct: 678-439-SOLD(7653) www.AgentBobSells.com … (0 comments)
There have been recent news reports that pending home sales are up. That is a good thing, right?
Last week Jim Crawford put up a great post,Atlanta Pending Home Sales - The Truth Behind the Numbers!.
Jim correctly pointed out that many of the current pending home sales are really not pending homes, they are just lease purchases. A week or two ago I got the email from FMLS stating that the status of "lease purchase was being eliminated and all lease purchases would now be reported as … (1 comments)
atlanta: Is there hope for public education?
- 06/07/09 04:45 AM
Can we re invent public education? Many people, including myself, have been quite willing to criticize the failings of public education. While there are many downfalls, there are also some bright spots. I am proud to say that one of those bright spots is my friend and neighbor, Powder Springs resident, Lauren MacDonald. Check out this great article from today's "Parade" Magazine! Great job Lauren.. Keep it up! ***************** REINVENTING AMERICA Coaching Students To Stay In School by Peg Tyre published: 06/07/2009 Lauren Macdonald, standing, steers student Dollimeshia Richmond to success The South Atlanta Educational Complex is a vast brick-and-glass building … (3 comments)
atlanta: See the Space Station!!!
- 10/06/08 07:50 AM
This is soooo cool! Did you know that on certain nights you can see the international space station or the space shuttle fly over? No telescope or binoculars required.Over the next week we will have some space station flyovers at reasonable hours. You'll probably be awake, you just need to remember to go outside and take a look.Here is a link to a flyover schedule for metro Atlanta for the next week.If you want to see when the space station or the shuttle are flying over your city check out the Human Space Flight website. You can go to your city … (0 comments)
atlanta: Music lessons in your home.
- 08/26/08 05:17 AM
Music lessons in your home. Face it - your life is hectic enough as it is. Little Johnny has Cub scouts and karate tonight, Suzie has cheerleading practice, How in the heck are you going to get Sally to her piano lesson???? Jay Maurice, founder and owner of "Lessons at home" has the answer. Have the lessons come to you! They are based here in Powder Springs but cover all of metro Atlanta. The also have an office in Houston Texas.
Jay and his team of professional instructors will come to your home and they do lessons in a wide … (0 comments)
atlanta: Black Bears in Atlanta?
- 05/30/08 05:39 AM
Here in Metro Atlanta we have a huge metro area. The downtown Atlanta area is circled by a perimiter hwy I285. I-75 is Runs from Miami to Canada. The northern intersection of the 2 is major interchange in a highly populated area of southeast Cobb County. This is only about 15 miles form downtown Atlanta. Since this is such ahighly poplated and traveled area it makes this story very unusual. Apparently a black bear was hit by a car on the ramp leading from I-75 to I-285! http://www.wsbtv.com/news/16434593/detail.html
… (2 comments)
atlanta: Metro Atlanta - I like the Tortoise vs. the Hare
- 03/13/08 07:55 AM
The Atlanta home market is pretty tough right now but I'm sure no where near as tough as some other parts of the country. See my recent post for Cobb County Stats. Howeverover the last year and over the long haul haul the Atlanta Market has been very steady. Prices for 2007 were up slightly. I thnk what is really impressive is the fact that we have only had 3 quarters since 1977 where prices dropped. These were 3q of 1990 through 1q 1991. We don't gert the big rushes like some parts of the country saw in the last few years but … (1 comments)
atlanta: So how's the market?
- 07/30/07 02:39 PM
We get that question all time. I got asked again today and I have to say our market here in Powder Springs, Marietta, West Cobb county is pretty good. I know it's good compared to other areas of the country. Yes, our inventory has grown from last year. It's up about 20% to an 8 month supply of homes. So now is not the time to try to push the envelope on market price. But we have buyers, we have seller, and nice homes that are priced fairly, marketed effectively, and show well, will sell. All in all it's nothing like … (12 comments)
I have said for a long time that Metro Atlanta is a "tortoise" market. I have used that analogy many times. We dont get the big price run ups like Phoenix, Las Vegas, or L.A. But those areas have seen market price declines many times before. According to records from FHFA the recent decline in our area was the only significant decline in over 35 years. 
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