nar: Gwinnett - Suwanee GA HOMES SALES PROJECTIONS - 2012
- 01/05/12 05:01 AM
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)
nar: ATLANTA GA - OCTOBER 2010 vs OCTOBER 2009 MARKET REVIEW
- 12/14/10 07:00 AM
The Atlanta real estate market continues to struggle with foreclosures and short sales. Unemployment continues to hold our real estate market down and Gwinnett County specifically continues to lead the metro counties in distressed properties hitting the market. Nationally, however, Realty Times has an article out quoting Laurence Yun, chief economist for NAR, as painting a promising picture for the real estate markets overall in 2011. According to the article, nationally, overall homes sales in October showed an uptick since bottoming in June of this year. What is motivating the buyers? Value and interest rates. Additionally, Laurence Yun, NAR Chief Economist for NAR … (0 comments)
nar: ATLANTA GA MARKET REPORT - September 2010 vs September 2009
- 11/18/10 01:31 AM
According to the National Association of Realtors (NAR), the success of a housing recovery will lay at the door step of job creation and availability of credit. The tightening of underwriting guidelines is also stifling the housing recovery. And, in the same article, it is projected IF the Bush tax cuts are extended across the board, it could "help create an additional 400,000 jobs in 2011, helping to increase home sales by another 60,000-80,000." (read more: Realtor.org) From a local level, Atlanta continues to struggle as we close out 2010. The high unemployment numbers haven't budged out of 9% for months with … (0 comments)
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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