covington georgia real estate market: Top 5 Covington Real Estate Trends
- 10/02/12 06:04 AM
Top 5 Trends In Real Estate For October, 2012 Here are the Top 5 Topics and Trends shaping the Covington Real Estate market during October. Mortgage Rates Lower Than Ever: Mortgage rates have dipped lower than they've ever been. Rates on 30-year fixed mortgages averaged 3.40 percent with an average 0.6 points at the end of last week. 15-year rates, popular for refinancing, averaged 2.73 with 0.6 average points. Demand For Loans Is Up: Demand for mortgage loans is up 5% over a year ago due to lower mortgage interest rates and pent-up consumer demand. However, fewer first-time home buyers … (0 comments)
covington georgia real estate market: November Market Report
- 12/14/10 08:18 AM
Real Estate Market Report for November 2010 Although this is historically the slowest time of the year, as far as real estate sales, market statistics nevertheless seemed to get even worse in this down market during the past month. Here are the results: NEWTON COUNTY 145 days on market - this is 16 days longer than in October Sellers received, on average, 91.1% of their list price when the home sold - down from 92.3% in October There is 11.1 months of inventory currently on the market (6 months inventory is considered "normal") 83 homes sold in November 2010 - this … (1 comments)
covington georgia real estate market: October Market Report
- 11/18/10 02:12 AM
Real Estate Market Report for October 2010NEWTON COUNTY 129 days on market - this is 3 days longer than in September Sellers received, on average, 92.3% of their list price when the home sold - down from 94.0% in September There is 8.7 months of inventory currently on the market (6 months inventory is considered "normal") 110 homes sold in October 2010 - this is 1 fewer than sold in September The most popular price range was $0 - $100,000 The average sale price was $84,812 - compared to $94,789 in September There were 46 new foreclosures - 28 fewer than … (0 comments)
covington georgia real estate market: September Market Report
- 10/12/10 04:46 AM
Real Estate Market Report for September 2010 NEWTON COUNTY 126 days on market - this is 2 days longer than in August Sellers received, on average, 94.0% of their list price when the home sold - down from 95.7% in August There is 8.0 months of inventory currently on the market (6 months inventory is considered "normal") 83 homes sold in September 2010 - this is 28 fewer than sold in August The most popular price range was $0 - $100,000 The average sale price was $94,789 - compared to $102,962 in August There were 65 new foreclosures - 18 more … (2 comments)
covington georgia real estate market: Foreclosure Creek Is Rising
- 08/23/10 10:26 AM
Newton County, Georgia, about 30 miles southeast of Atlanta, has more foreclosures than any other county in the State. But, after several months of the foreclosure flood subsiding in the county, the waters are on the rise again.For the first seven months of this year, foreclosures in Covington and Newton County were down by 29.3% over the same period in 2009. The number of pages of foreclosure notices in "The Covington News" each week were consistently running around 25 to 30 pages. But last week, there were over 50 pages of notices, and indication that our real estate market crisis is … (2 comments)
covington georgia real estate market: Roll Me Over In The Clover
- 01/19/10 04:06 AM
Roll Me Over In The Clover... words to an old ditty I was reminded of when I read the latest FHA rules waiver. On January 15, the Federal Housing Commissioner signed a waiver of Section 203-37a(b)(2) of FHA regulations which essentially state that you cannot get an FHA loan for a property which has been purchased by the seller within the past 90 days. The waiver takes effect on February 1, and will be in effect for one year from that date. What does this mean? The FHA decided that waiving the 90-day sale rule will offer a multitude of advantages … (0 comments)
covington georgia real estate market: The Real Estate Confidence Index
- 11/04/09 07:26 AM
How much confidence do Realtors have in their local markets? The Real Estate Confidence Index answers that question.The people who host my website, Point2Agent, conducts a monthly survey of its thousands of members across North America to determine how real estate professionals see the current and future market conditions in their respective areas.The survey receives over 3,000 responses monthly from every area of the country across many different types of markets. Respondents rate their markets on a scale of 1 to 10, showing their confidence level in local real estate markets over the short term (3 to 6 months), and the … (7 comments)
Covington Georgia September 2009 Real Estate Market Report
Active Listings 1024 Pending Sales 126 Closed Sales 79 Week's Inventory 56 (Absorption Rate) The "Weeks Inventory" indicates the number of weeks it takes to sell the current inventory of homes on the market at the present rate of sales. Inventory level in a "good real estate market" is considered to be around 24 weeks.
Since Last Month's Report:
Active Listings DOWN 26.3% Pending Sales DOWN 9.4% Closed Sales DOWN 15% Foreclosures: New foreclosures in the Covington and Newton County real estate market were DOWN in … (2 comments)
covington georgia real estate market: Covington Confection for the First-Time Buyer
- 09/16/09 07:43 AM
Complete Renovation - Top to Bottom 288 Veal Road, Covington, GA 30016 View Map You'll not find a nicer home priced for the first-time buyer than this completely renovated beauty. Nice open floor plan with everything new, from roof to hardwoods. New carpet, fixtures, decorator colors, kitchen tile, deck and storage building. Huge playroom can be used as fourth bedroom. All rooms are oversize, with separate dining area, office space, and everything on a single floor. Expertly maintained, exquisitely clean, and ready to move in. Sit on your deck and watch the kids play in the private backyard of this 2+ … (0 comments)
Covington Georgia August 2009 Real Estate Resale Market Report
Active Listings 1389 Pending Sales 139 Closed Sales 93 Week's Inventory 65 The "Week's Inventory" indicates the number of weeks it takes to sell the current inventory of homes at the present rate of sales. Inventory level in a "good real estate market" is considered to be around 24 weeks. Since Last Month's Report: Active Listings DOWN 12.8% Pending Sales DOWN 4.8% Closed Sales DOWN 34.5% Foreclosures:
New foreclosures in the Covington and Newton County real estate market were DOWN in August by 1.8%. However, for … (2 comments)
Homes in Covington and Newton County newly listed on the Georgia Multiple Listing Service during July totaled 246, down 34.9% from the same period last year. However, pending sales in July were up by 32.8% over a year ago. The reason is three-fold… July is historically a good selling season as families try to get resettled before school reopens, home prices remain depressed as opposed to last year, and mortgage interest rates remain low.
The average sales … (0 comments)
covington georgia real estate market: Psst... Hey You... Wanna Buy A "Money Machine?"
- 03/07/09 05:15 AM
Think that cute little 3BR/2BA brick and siding foreclosure across town might be a good rental property? Itmay be… Home prices are at a real low. The supply seems almost unlimited. Interest rates are the lowestin years, and more and more people are looking for rentals every day. Even today – with the stock market down over 52% from its record high in October 2007 - a home is still asafe and highly leveraged asset with an ability to generate wealth which is second to none. But before youcash out your mutual funds or dig up that coffee can full of … (6 comments)
covington georgia real estate market: Executive Home in Highlands Forest
- 02/19/09 05:25 AM
Stately Executive Home 85 Highlands Forest Lane, Highlands Forest, Oxford, GA 30054 View Map Gorgeous, perfectly maintained all-brick executive home in sought-after Highlands Forest. Custom-built in 2002, this home has everything needed for entertaining or your relaxed lifestyle... 2-story foyer, formal dining, fireside Great Room, open gourmet kitchen with cherry cabinets and hard-surface countertops, breakfast area, keeping room with stacked stone fireplace, Butler's Pantry. The spacious Master Suite is on the main, with well-appointed bath. The finished basement features an in-law of teen suite with full kitchen and huge playroom... plus plenty of storage space. Stroll outside to the lush landscaping, … (0 comments)
covington georgia real estate market: Fantastic Value in this Quaint Southern Cottage!
- 02/18/09 01:55 AM
Quaint Southern Cottage 4137 Summers Street, Clark's Grove, Covington, GA 30014 View Map Quaint Southern Cottage in Clark's Grove, Covington's premiere Traditional Neighborhood Development. You're just steps from the Olympic pool, playgrounds, athletic field, coffee shop, and community garden, and only a short walk from Covington's historic square. This charmer is loaded with upgrades, including Brazilian Cherry hardwoods throughout, ceramic tile baths and laundry room, decorator colors, built-in fireside bookcases, solid wood cabinetry with glass door accents, and a central vacuum system. You'll enjoy the relaxed lifestyle, tree-lined sidewalks, walking trails, and great neighbors. Just bring your furniture and family. "It's … (0 comments)
covington georgia real estate market: Fix Housing - Fix the Economy: Finally Someone Gets It !
- 01/28/09 02:29 AM
When I checked my email late last night, I had a message from U.S. Senator Johnny Isakson's (R-Ga.) office about a new bill he introduced called the Fix Housing First Homebuyer Tax Credit Act to expand the homebuyer tax credit passed by Congress last year. Considering the provisions of Senator Isakson's bill and his speech to colleagues on the Senate floor about the bill, I think someone has finally gotten this thing figured out! Senator Isakson has already met with President Obama's team, explaining the bill and urging their support, and told his Senate colleagues of his hope that they will... … (9 comments)
covington georgia real estate market: Six Degrees of Separation
- 01/18/09 06:52 AM
You've probably heard the theory that everyone in the world is separated from everyone else by only six degrees. That is to say, considering all the people you know and have come in contact with, all the people they know and have come in contact with, etc. to the sixth degree, you indirectly know or have come in contact with everyone living in the world today. If you think about that theory, it can also explain the state of our economy here in Covington and, indeed, the world. I received a call this week from a friend who's an architect and … (0 comments)
covington georgia real estate market: Covington Market Watch - Year End 2008
- 01/08/09 07:13 AM
With the current state of the economy in the U.S., fueled for the past several years by the housing market, it's probably no big surprise that 2008 was not a stellar year in real estate in Covington and Newton County. Here's how the year ended in Newton County, according to statistics drawn from the Georgia Multiple Listing Service (GAMLS). A total of 1355 single family homes sold in Newton County during 2008, a decrease of almost 400 from those sold in 2007. Total Sales volume in December 2008 was almost $8 million less than in January. And the average sales price … (0 comments)
covington georgia real estate market: November Market Watch Follow-up
- 12/04/08 05:17 AM
Here's a follow-up to our November Market Watch... The Associated Press reports today tha, as a part of our economy bailout, the Treasury department is considering steps to lower the mortgage interest rate in an effort to stabilize the housing market. Under consideration is a proposal to lower the rate on a 30-year fixed mortgage backed by Fannie, Freddie or the FHA to 4.5 percent. Keep your fingers crossed, buyers! But in some less-than-good news, Okland, Calif.-based Foresight Analytics research company reports that the greater metro-Atlanta area is a national leader in deliquent construction and land loans. Out of 100 metro … (0 comments)
covington georgia real estate market: November Real Estate Market Watch
- 12/02/08 07:31 AM
Whether you're in the market to sell your home or buy a new one; whether you're a real estate investor or just have a single property; whether you watch the world market or just your local neighborhood, there are some interesting real estate statistics for the Covington and Conyers real estate markets for November. Foreclosures continue to dominate the local real estate scene. There were 54 new foreclosures in Newton County during November, and 39 in Rockdale County. This brings the totals for 2008 to 687 foreclosures in Newton and 378 in Rockdale. That's only 26% more for Rockdale over the … (0 comments)
covington georgia real estate market: Lease/Purchase Now Available!
- 08/22/08 06:09 AM
If you're looking for a lease/purchase home with time and equity builr in, this is the home for you and your family. It's now available for lease/purchase, and still priced $22,000+ below appraised value. Located on 1.56 acre wooded cul-de-sac lot in Roxkdale's best school district! 4020 beautiful square feet with everything you're looking for to relax or entertain family and friends. Call or email today... before you miss it! Lease/Purchase homes are one of the hottest markets around!
Top 5 Trends In Real Estate For October, 2012 
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