For those of you in real estate that think the press is out to demonize real estate with a lot of talk about sub-prime loans...it isn't! Poor lending practices are. There is going to be more talk of a new issue arising shortly. They are called "Alt-A Loans!" What are Alt - A Loans? They are a
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02/29/2008
Atlanta MLS Listings Climbing | Atlanta Active Listings Climb to 84711 - I was just checking the Atlanta FMLS listings this evening and was surprised to see how quickly they are rising. The number has increased by about 1500 since yesterday! In early January they were about 78,000. To rise to
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02/27/2008
I was watching a segment on the Atlanta evening news recently that dealt with a family losing their home to foreclosure. I guess it was supposed to be a poignant heart wrenching segment, but they lost me when the family returned home from a cruise to find out they were losing their home. I sud
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02/25/2008
"Gee I could have had a V-8!" The biggest mistake in most persons lives is looking back over their shoulder and realizing they made a mistake! It is a great time to buy a home in Atlanta! Don't wake up one morning regretting it! "I should have bought when prices were at rock bottom!" Even fo
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02/24/2008
The new FMLS statistics have just been released for Area 14 sales this week. Area 14 is the MLS designation for the East side of North Fulton County (East of GA 400 in Fulton County - includes unincorporated North Fulton, Alpharetta, Roswell and the new city of John's Creek.) From last January sa
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02/24/2008
The new FMLS statistics have just been released for Area 13 sales this week. Area 13 is the MLS designation for the west side of North Fulton County (West of GA 400 in Fulton County - includes Roswell, Milton and city of Alpharetta.) From last January sales are off over 50%. For the Month of Janu
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02/23/2008
Many of the folks in real estate these days do not know how to play chicken! This is especially true of foreclosed homes. When they put another offer in on a foreclosed home, they are told "We have other offers!" But do they? How do you know the bank does have other offers? Will they give yo
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02/21/2008
Atlanta Real Estate Market Report January 2008 - Sales Plunge 38.9% - The FMLS Monthly Statistical Report was just issued a few moments ago and the news is not so great! Sales of single family homes in Atlanta have plunged across the region another 38.9%. Please keep in mind, this is not just
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02/21/2008
A lot of MLS organizations do not accurately reflect days on market. Data may only be preserved for two years...even though some properties may have a history that goes back a lot deeper! Inaccurate data may also give a major boost to loan fraud if we can see the same property has been flipped
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02/21/2008