current market conditions: Underwater Homeowners in Atlanta - Look Behind the Headline
- 05/25/12 10:21 PM
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 are getting better. From the AJC and Zillow’s chief economist Stan Humphries: More than half of homeowners with a mortgage in metro Atlanta owe more than the house is worth, a new report says. Their negative equity will slow a real estate recovery as some homeowners who would like to … (1 comments)
current market conditions: Is Now the Time to Buy Your First Home?
- 05/14/12 12:25 PM
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 Chocolate? If you ask 100 people, you are likely to end up with a small margin of difference and compelling arguments will be made for each position. In its usual fantastic way, the WSJ dives into this question with a well written article and video... ....It's been a … (2 comments)
current market conditions: It's Time to Buy That House
- 11/03/11 02:16 PM
Those of you that have worked with me or read my posts over the years know I’m not a mouthpiece for the real estate community; I don’t march in lockstep with what the various real estate industries put out. I don’t think everyone should own a home; I don’t (and never did) think a home should be regarded as a significant investment vehicle – a piece rather than the main vehicle; I don’t think you should ever be house poor and I’ve never been shy to tell a client that a particular home may not be a wise choice. In short, … (0 comments)
The HMT blog is written by Hank Miller of The Hank Miller Team. He is a licensed broker and certified real estate appraiser in the state of GA. Since 1989, real estate has been his full time occupation and Hank consistently ranks at the very top of Atlanta area agents in overall production. He is known as much for his attention to detail as he is for his candor.
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 are getting better.
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