The under 100K market in Atlanta is a clear seller's one; the 100K-200K is fast moving in that direction. We're seeing much more investor activity, multiple offers are common and the potential for financial disaster with novice investors is growing. This is a perfect rookie trap. This Atlanta for
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05/30/2012
Here we go again; Case-Shiller has dropped another double digit value drop bombshell on Atlanta homeowners. By now, we’re either numb to pounding or we’re wiser and understand how the stats are derived and what they don’t mean. They report that values have dropped 17.7 percent from March ’11 to M
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05/29/2012
Here's a provocative WSJ-Smart Money video that explores the pros and cons of buying a home in this market. It nails what we've been saying for years - don't buy a home expecting to get rich, buy a home to live in. Treat it as it is - a commodity just like everything else you buy. Do the math, wh
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05/25/2012
Another week, another report about problems in the Atlanta real estate market. This one courtesy of Zillow and the “must read” headline is that half of Atlanta mortgages are underwater. As always, it’s a good idea to take a few minutes and get past the headline. While not entirely healthy, things
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05/25/2012
Remember why you have Monday off. When you’re stumbling out of bed shaking off a hangover from the night before, think about some kid humping 80lbs of gear that had neither a beer nor bed. When you’re stuffing your face with burgers, dogs and beer think for a second about how that dried beef patt
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05/25/2012
We have all heard the term "short sale" during the past few years, but what does it really mean? In the past lenders were foreclosing on homes and were not open to negotiating foreclosure alternatives. This would often result in the home going into foreclosure. Lenders are now realizing that they
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05/22/2012
This could be the best time in a generation to be a first-time home buyer.......Don't buy your first house now unless you're willing to lose 20% of its market value in the next several years. Maybe more. That simple question is about as simple as Ford or Chevy? Blonde or Brunette? Vanilla or Choc
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05/14/2012
A review of the 1st qtr ’12 stats shows interesting developments in the Atlanta real estate market that home sellers need to be aware of. A combination of factors seems to be acting in unison, specifically impacting distressed properties. The low rates along with rising rents have brought fence s
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05/14/2012
A review of Atlanta housing trends from 1st quarter ’11 to 1st quarter ’12 shows that parts of three counties in the greater Atlanta real estate market saw the largest percentage increase in home sales. Inventory continues to drop all over, however the percentage of distressed sales (short sales
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05/14/2012
42.5% of Atlanta home sales in the 1st qtr of 2012 were distressed, clearly the impact of distressed homes on the greater Atlanta housing market is a significant one. They are present in force and their impact influences every aspect of the Atlanta real estate market, they are expected to be arou
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05/13/2012
