Homebuyers Age 55+ Make Move As House Values Rise

September 7, 2014 By In Uncategorized No Comment

The younger crowd may be skittish about moving into the housing market due to sparse financial resources and lack of credit. But it’s a different story for Americans age 55 and over. Those who can are jumping into homebuying — selling their existing houses to move into new ones aimed at their age group. Many

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2014’s New Home Market Is ‘Running in Place’

August 29, 2014 By In Uncategorized No Comment

Sales of new single-family homes clung to their same bumpy path again last month, unexpectedly slipping to their weakest annual pace since March, the Census Bureau said Monday. Neither markedly stronger nor dramatically weaker, sales over the past 10 months haven’t moved much. “The new-home sales figures by now have that lived-in feeling, with few

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Home builders’ confidence surges thanks to better jobs market

August 29, 2014 By In Uncategorized No Comment

Home builders’ confidence in the housing market surged in July, thanks in part to robust jobs growth in June. The National Association of Home Builders/Wells Fargo Housing Market Index gained four points in July, hitting 53. That’s the first time it’s cleared 50 — the dividing line between good sales conditions for new single-family homes

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A new path for Atlanta’s suburbs

August 29, 2014 By In Uncategorized No Comment

In Sandy Springs, the next wave of building demolitions are set to begin this weekend in an aging commercial district on Roswell Road, clearing the way for a new city center. In Alpharetta, developers such as North American Properties and Selig Enterprises Inc. are considering ideas for a downtown development that could bring new restaurants

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What do FICO Changes Mean for Consumers?

August 29, 2014 By In Uncategorized No Comment

There are changes coming to FICO, a broadly used credit score, that may mean higher credit scores for many consumers. Banks, credit card issuers, auto lenders and other businesses use those scores to decide whether to lend to consumers and how much interest to charge them. A higher score could get you better terms on

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What Happens if Millennials Never Enter the Housing Market?

August 29, 2014 By In Uncategorized No Comment

Millennials’ supposed lack of interest of becoming homeowners is often blamed for the market’s slowing recovery, but some experts say the generation shouldn’t shoulder all of the fault. Anthony Hsieh, founder and CEO of mortgage company loanDepot, says lack of innovation and too tight regulations are draining the housing market’s revival. “Private capital is not

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Metro Atlanta housing market surges in Q3

November 15, 2013 By In Uncategorized No Comment

IN THE RIGHT LOCATIONS WITH THE RIGHT PRODUCT AND PRICING THE SALES PACE CONTINUES TO RISE.  MUSIC TO OUR EARS. Atlanta’s new home starts spiked 76 percent annually and closings jumped 37 percent in the third quarter. Metro Atlanta’s housing market performed quite nicely in the third quarter, according to national housing information and consulting

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GEORGIA HAS NO 1 BUSINESS CLIMATE FOR 2013

November 15, 2013 By In Uncategorized No Comment

This will continue to bode well for our industry as business’ are attracted to our State: ————————————————————————————————————————————————————————————- Economic development trade publication Site Selection magazine has ranked Georgia’s business climate the nation’s best, Gov. Nathan Deal announced Monday. “For three years, I’ve said I wouldn’t stop until we got to the top, and I haven’t,” the

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Atlanta has nation’s most affordable housing

November 15, 2013 By In Uncategorized No Comment

Personal incomes aren’t growing quick enough nationally to keep up with rising home prices, but Atlanta is the nation’s most affordable housing market, a new report from Interest.com says. Personal incomes aren’t growing quick enough nationally to keep up with rising home prices, but Atlanta is the nation’s most affordable housing market, a new report

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Mortgage lenders are starting to accept lower credit scores and smaller down payments.

November 15, 2013 By In Uncategorized No Comment

Last month, the average FICO score for a closed home loan was 732, down from 750 a year ago, shows data from mortgage tracker Ellie Mae. The average down payment was 19%, vs. 22% a year ago. What’s more, almost one-third of closed loans had FICO scores under 700, vs. 17% a year ago. The

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