The goals for each homebuilding entity, investor and developer should be that you are objective in your market analysis, and you have a sound realistic business model. This is accomplished by having THE RIGHT PRODUCT THE RIGHT PRICING THE RIGHT PLACE THE RIGHT PROMOTION (YOUR BRANDING ) AND…… THE RIGHT STRATEGIC ALLIANCES (YOUR PEOPLE) ……..
Huge Amount of Finished Lots Remain in Atlanta! (but is that the whole story?)
|The Atlanta region has more finished lots than anywhere else in the U.S. Currently there are about 136,000 finished lots spread out across the Atlanta MSA and at today’s absorption pace, it will take about 18 years before these lots are used up. So why are builders having such a difficult time finding lots to
2012 – HOUSING RECOVERED IN 6 SURPRISING WAYS
While the sluggish U.S. economy crept upward in 2012, the housing market improved at a much faster rate than anyone expected. Total home sales increased 6.3 percent in 2012, the largest increase since 2006. Overall, 4.2 million homes sold – inching closer to the average of 5.5 million a year the country experienced before the
10 Real Estate Trends to Watch in 2013
Five years and 16 million foreclosures after the 2008 housing crash, most Americans have not lost faith in real estate. In a survey this summer of more than 2,000 adults by home buyer website Trulia, 61 percent of respondents predicted that prices in their local market would rise next year, 58 percent thought prices would
Housing Inventory, Already Low, Dropped Further in January
The number of homes listed for sale, which stood at an 11-year low at the end of last year, fell even further in January, according to a report released Thursday. There were just 1.48 million homes listed for sale at the end of January, down by 5.6% from December and by 16.5% from one year
YEAR END THOUGHTS ON HOUSING MARKET & FACTS THAT MAKE REAL ESTATE INDUSTRY UNIQUE
As 2012 nears its end, it is time to reflect on the past 12 months and look forward to 2013. In 2017, when 2012 is five years in our rear view mirror, we will look back as this being the year that the housing recovery began. Most housing markets across the country have shown improvement
HALF WAY HOME: HOUSING RECOVERY CROSSES 50% MARK
Jed Kolko Trulias Chief Economists suggests that Trulia’s Housing Barometer leaps up again, with the housing market 51% back to normal in November Each month, Trulia’s Housing Barometer charts how quickly the housing market is moving back to “normal.” We summarize three key housing market indicators: construction starts (Census), existing home sales (NAR), and the
“EVERY SINGLE THING ABOUT HOUSING IS FLASHING GREEN”
Home prices finally hit a bottom in 2012. So will 2013 be the year of recovery or relapse? Potential buyers now have something they haven’t had in a long time: urgency (save for a few months when the government was paying people to buy homes with a first-time home-buyer tax credit). This next year will
GEORGIA UNEMPLOYMENT RATE DROPS TO 8.5% – 4 YEAR LOW
State Labor Commissioner Mark Butler says Georgia’s unemployment rate dropped due to more job growth and fewer layoffs. Georgia’s seasonally adjusted unemployment rate declined to 8.5 percent in November, down two-tenths of a percentage point from 8.7 percent in October, according to a Georgia Department of Labor report released early Thursday. The rate was 9.5
HOUSING MOBILITY RATE REBOUNDS
The U.S. Census finds that a greater percentage of Americans moved residences this year compared to 2011’s record low. Slightly more Americans changed residences in 2012 compared to last year, according to data released last week by the U.S. Census Bureau. In 2012, 36.5 million Americans (age 1 year and older, to be precise) moved,