metro atlanta: Gwinnett - Suwanee GA HOMES SALES PROJECTIONS - 2012 - 01/05/12 01:01 PM
According to an article dated January 3, 2012 by NAR’s Chief Economist, Lawrence Yun,he is upbeat – based on recent figures – on what 2012 holds for the housing market:Number of units (homes) sold is up; and home prices are stabilizing in areas of the country that have continued to struggle.And…in areas of the country that are still experiencing declines in units sold and home values the declines are not as egregious. Other economic indicators which give him a glimmer of hope, is the job market. There are 100,000 jobs created a month with projected increase moving towards 150,000 a month. … (0 comments)
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metro atlanta: METRO ATLANTA - REAL ESTATE GAB - NOVEMBER 2011 - 11/02/11 01:23 PM
REAL ESTATE GAB - Keeping up on today's real estate market isn't easy. However, monthly MySUWANEEHome, provides updated information in multiple medias to help keep you informed. Real Estate Gab is a monthly real estate newsletter with market statistics for the Metro Atlanta area; plus articles to help you be an informed buyer or seller. Hope you will enjoy this month's issue of Real Estate Gab. Please feel to email me with comments and/or ideas of what you would like to see in feature issues.
Come to my house: MySUWANEEhome.com … (0 comments)
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metro atlanta: Where Are Home Values Headed For Metro Atlanta? - 10/26/11 03:44 PM
It can be very confusing these days to filter through all the news about the housing market. The sensationalist national headlines may sell advertising but are often wrong or misleading for Metro Atlanta or your local market. To further complicate matters, the typical metrics used to track real estate trends do not tell the accurate story in the current market.
Did you know that over 50% of all transactions in 2011 have been under $125,000? That has historically been around 10-15% of the market. Did you know that approximately 60% of all transactions are foreclosures or short sales? That … (3 comments)
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metro atlanta: METRO ATLANTA - Housing Market Really Improving? - 10/25/11 11:07 AM
A recent article out by Rismedia indicates there are a few indicators showing there is some improvement in our housing market - although regionally.
15% increase in September housing starts Increase in mortgage applications I think it would be safe to say, with regards to our local Metro Atlanta market, housing prices are beginning to stabilize thus taking us out of the "declining market" status. Additionally, in some metro counties, we are beginning to see a gradual increase in new housing starts from some of the nationally recognized builders like Ryland Homes and Beazer Homes. The markets that continue to struggle, … (0 comments)
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metro atlanta: METRO ATLANTA - OCT 2011 - FORECLOSURES - GWINNETT RANKS AT TOP - 10/19/11 11:30 AM
Realty Trac released new reports week-ending October 15. Their current report shows Georgia fourth in the nation for foreclosures. Their numbers include default notices, auctions and bank repossessions. Notably, due to missteps by lenders, foreclosure filings have been artificially down during 2011. However, lenders have worked to correct their processing of potential mortgage defaults; and as a result, it is likely we will see an uptick in foreclosures nationwide in coming months.
Currently one in every 121 homes shows a foreclosure filing in Georgia; with one in 89 homes in Metro Atlanta showing a foreclosure filing. Foreclosure notices for October … (0 comments)
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metro atlanta: METRO ATLANTA UNEMPLOYMENT AND ITS EFFECT THE LOCAL REAL ESTATE MARKET - 10/12/11 03:36 PM
A recent report out by Rismedia shows the U.S. economy added more new jobs than was expected. Despite the 9.1 percent unemployment rate, the unexpected news coupled with the uptick in corrected employment gain numbers for the previous two months caused the mortgage rates to tip the mortage rate ladder back up over 4 percent after buyers enjoyed mortgage rates of 3.94% the first week of October.The most recent unemployment numbers for the Metro Atlanta area, however, remain higher than the national average at 10.4 percent. The struggling employment market in the metro area is having a profound effect on our real estate market as well. … (0 comments)
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metro atlanta: ATLANTA MARKET REPORT - February, 2010 - 03/26/10 01:37 PM
The sun shined down on the metro Atlanta real estate market for February, 2010 with a positive year-to-year increase according to Steve Palm of Smart Numbers. Although the increase was slight, 1.6% ....the news is still promising.Additionally, according to the Case Shiller Index, our metro Atlanta market hit "bottom" in March 2009. And since that time, Case Shiller is reporting metro atlanta home values have risen 5.8%. As for our new home inventory, it is at an all time low. And, although we are beginning to see a few (a very few) builders begin developing new subdivisions (at least in the gwinnett County/suwanee area) … (5 comments)
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metro atlanta: ATLANTA GA - FUTURE MARKET TRENDS - 03/26/10 10:06 AM
It's 2010 and Atlanta is still considered a declining market. As a result, many potential home buyers have sat on the side lines concerned with what their property investment will be worth over time should they go ahead and take the plunge and buy now.
According to the Census Bureau, Atlanta will lead the nation in producing 1.7 million jobs by 2025. The engine behind this will be Fortune 500 companies. The Delta/Northwest merger along with NCR mov-ing their headquarters to metro Atlanta are prime examples. Fortune Magazine is predicting over 2 million more res-idents for the Atlanta area by 2020. An average of 100,00 new … (4 comments)
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metro atlanta: WONDER WHICH CITIES ARE GROWING THE FASTEST? - 03/30/08 10:28 AM
According to the U.S. Census Bureau, the Sunbelt is seeing the fastest growth compared to other parts of the country. What is the attraction? Economic stablity and affordable housing. Here is how the cities rank:
10 BIGGEST GAINERS:
Dallas-Fort Worth-Arlington, TXAtlanta-Sandy Springs-Marietta, GAPhoenix-Mesa-Scottsdale, AZHouston-Sugar Land, Baytown TXRiverside-San Bernardino-Ontario, CACharlotte-Gastonia-Concord, NC-SCChicago-Naperville-Joliet, IL -IN -WIAustin-Round Rock, TXLas Vegas-Paradise, NVSan Antonio, TX10 FASTEST GROWING METRO AREAS:
Palm Coast, FLSt. George, UTRaleigh-Cary, NCGainesville, GAAustin-Round Rock, TXMyrtle Beach-Conway, NC -Myrtla Beach, SCCharlotte-Gastonia-Concord, NCNew Orleans-Metairie-Kenner, LAGrand Junction, COClarksville, TN -KY
Information courtesy: Realtor Weekly Real Estate News (NAR)
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