timing: First Time Home Buyer Tax Credit - 12/01/08 05:27 PM
There was a lot of attention paid to this a few months ago when it was first introduced, but everyone has kind of let it slide to the back burner since then... and that is a shame because this is an interesting time to be in the real estate market as a buyer. First, let me cover a few basics: While termed a "First Time Home Buyer Tax Credit". it really isn't any of those things... If you haven't owned a home for 36 months For more on this, visit LilburnDwellings.com … (2 comments)
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timing: Timing is everything... maybe - 02/29/08 02:44 PM
We all know about the stock market crash of 1929. Bubble heads have tried to compare the run up in housing prices to the stock market crash for the last several years. Maybe they have a point... maybe not. This isn't about that. This is about what people DON'T know as often.
When I looked up the crash, one of the very first lines was this... "The market did not return to pre-1929 levels until late 1954,[3] and was lower at its July 8, 1932 level than it had been since the 1800s." Source...
But, the part that gets glossed over … (2 comments)
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timing: How is the view from the sidelines? - 01/17/08 10:35 AM
Through a search a few weeks ago I ran across Real Estate Radio's blog. I have been enjoying the read for quite a while, and even listening to some of the podcasts (they are full radio show recordings, and are two hours long). I don't listen to as much of the podcasts as I'd like, because of the length.
But, the show from January 10th has very interesting notes.
Barry C started off the show by letting us know Geppeto has spoken again and the rates are coming down! Think this is not the time to buy real estate? Fine … (0 comments)
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timing: Market update for Gwinnett County, August 2007 (revised with notes) - 10/17/07 01:03 PM
I need to change the format on these numbers just a bit. I have been trying to put out the market report around the 15th of the month for the previous month (10/15 for Sept., for example). However, the numbers have been changing so dramatically that I am seeing changes for the previous month (seeing changes to August when I do the 10/15 report) and the changes are dramatic. So, in response, I need to back up the reports just a little. I will try to get future reports out in the first week of the month, but they will be … (0 comments)
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timing: Market update for Gwinnett County, July 2007 - 08/10/07 04:33 PM
Gwinnett County sales comparison for residential real estate. 7/07
It time for me to make my prognostications for the coming market, while recapping that which has happened. Please keep in mind that even on the 10th of August, the numbers for July WILL change. I will come back and correct them before posting the September results. I originally posted the June number on July 10th, and they had changed pretty significantly by August 6th when I reviewed and corrected them.
I see a solidification of some of the trends that I pointed out last month. Listings are up vs. … (0 comments)
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timing: Hello, Media... Are You Listening? Real Estate is LOCAL. - 07/25/07 03:12 PM
How many times do we have to hear that the housing market is doing one thing... and that must mean that the whole market is doing the same thing?
When the price of a barrel of oil goes up, it is a singular commodity moving. While there are different grades of oil (sweet light crude, heavy crude, rough crude, etc.) they are interconnected. If one moves, they all move because their value is interconnected.
When prices move up or down in GA, there is little correlation to prices in Maine. They aren't interconnected. There may be a few instances when … (7 comments)
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timing: What is going to happen to interest rates? - 07/23/07 01:26 PM
OK, the water is chest deep now. I started wading in here, and I just don't know when to stop.
So, what do I see happening with interest rates? Overall, I see them going down. But, I think they'll go up first. Was that vague enough that I can claim victory no matter what?
First, the case for rate rising. In the short term, I see rates going up a bit. Not a lot, but somewhat. We won't even get close to the credit card looking rates that Jimmy Carter left the mortgage market with, but rather people will think … (2 comments)
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timing: Are we on the edge of a calamitous housing bubble? - 07/23/07 01:05 PM
Boy, am I going to wade into it this time...
I was wandering through the FOXNews Real Estate section, and came across this feature story. Reading this, one would think we were seriously in trouble. "... from San Francisco to San Diego — is predicted to decline 50% in the next five years." The story goes on to say "... that America's top 40 cities are facing a average 47.2% decline: Boston is 49.4%. Miami 44.8%. New York 44.6%. And Chicago is 27.3% overpriced."
I'm wondering about here in Atlanta. I'll be going out to get a look at the book, … (6 comments)
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timing: Agent as Buyer - 07/12/07 02:41 PM
Today's blog will be looking at things from a little different perspective. My wife and I are thinking of buying a new house. So, we've been out looking at houses. It's tough. We like our house (like, not love) and we really like where we live. As we look around, we wonder if we really want to move. We definitely want more space. We have a three bedroom house and would like to have a four bedroom house. We have a two car garage, and really need more space there (I could fill a six car garage). The yard is a … (3 comments)
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timing: Time to Buy? - 07/12/07 02:31 PM
Time to Buy? It's a buyer's market. No denying it. Now, Atlanta is not like southern California, or DC, or Boston but it is a buyer's market here. Values aren't crashing. Interest rates aren't skyrocketing. Unemployment is at historic lows. Inflation is under control... for the most part. Of course, to listen to some of the media, all of those statements look suspect. So, it's still a buyer's market. What does that mean in the real world? To start with, if you are trying to sell a home, it needs to look its best. It needs to be priced competitively, and … (0 comments)
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