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Each month AR runs numerous contests as a way for our members to engage in activities
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These state pages or hyper-local pages provide content directly related to a specific geographical location.
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Will Vanished Real Estate Wealth Return? - 08/26/09 08:28 PM
It's no secret that Atlanta luxury real estate prices, as well as elsewhere in the nation, have been hit hard. The bigger question is how much actual wealth have Americans lost from the real estate crash and can that wealth be regained? The Standard & Poors Case-Shiller 20 city composite is down about 32% from its high almost three years ago. While the Case-Shiller Index is weighted heavily towards major cities, including Atlanta, others feel the overall decrease is more modest. The Federal Reserve Bank publishes its own estimate of real estate values. Drawing from a variety of sources, it publishes its findings quarterly. From the (0 comments)
Existing Home Sales - What's Really Selling in Buckhead & Sandy Springs? - 08/24/09 02:03 PM
In my last blog post, I mentioned that resales of existing home had increased by 7.2% on the national level - the largest increase in two years. It's good to see buyers are coming back into the market, but they're only coming back at certain price points. Just like in retail, where the big bargain stores are showing gains, only the low end of the housing market is moving. As shown in the chart below, sales activity for Buckhead and Sandy Springs has only seen an increase in sales at the lower end. For those sales above $500,000, approximately 10% were foreclosed or bank-owned properties. (0 comments)
Conrad Lyles Realtors is pleased to offer this classic split-level ranch home in the popular Wood Valley neighborhood in Buckhead. Located in the Warren T. Jackson elementary school district, the Wood Valley neighborhood offers sidewalk-lined streets and a convenient location. This four bedroom, two and a half bath home has been totally renovated and includes a new kitchen featuring stainless-steel appliances. Perched on a hilltop, the property offers gorgeous wooded views, loads of privacy and a unique feature; a putting green! Offered at $599,000, this home represents a true value in this area. To schedule a tour, please call Greg Lyles (1 comments)
Atlanta Luxury Real Estate : July Market Report : Conrad Lyles Realtors - 08/02/09 11:03 AM
We've all heard the old adage, "I've got some good news, and I've got some bad news". That certainly applies to this months' report for the Atlanta luxury real estate market. First the good news; while inventory levels are uniformly up across the Jackson, Smith, Brandon, Garden Hills, E. Rivers, High Point and Heards Ferry school districts, increased sales activity has dramatically shortened the number of months supply of available housing. As of the end of July 2009, these school districts reported an average of 18 months of available inventory, down from 52 months of inventory at the beginning of the (0 comments)
Atlanta Luxury Real Estate Market Impacted by Jumbo Loan Scarcity - 08/01/09 04:08 AM
While conventional 30-year mortgage rates in Atlanta average 5.4%, people looking to buy or refinance a more expensive home may be out of luck. That's because jumbo loans, or those loan amounts exceeding $417,000, continue to feel the impact of the credit crisis. Currently, average rates for a jumbo loan in Atlanta are a full point higher than conforming loans. According to Bob Walters, chief economist for QuickenLoans, "I don't see the situation improving for jumbo rates for more than a year or two. What you need is for the housing market to stabilize. Until that happens, jumbo rates will be (0 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.