The Single Buyer Demographics is on the rise, and their mostly females. Ensure your housing product and community features are addressing their wants and needs . ———————————————-Report: Singles Make Up Quarter of All Buyers Daily Real Estate News | Friday, August 30, 2013 More Americans are opting to live alone, with single buyers making up
Atlanta home prices up 3.4% in June
Atlanta Home Prices up 3.4% but mortgage rates punching through 4.5% may slow our pace of sale. Strategically positioning our housing inventory based on these variables is essential in maintaining a healthy pace of sale ——————————————————————————————————–Atlanta posted the biggest home price gain of 20 major metros in the June CoreLogic Case-Shiller Indexes. The area’s home
Regulators drop 20%-down requirement from mortgage proposal
Dropping the 20% down requirement will aid in our housing recovery. ——————————————————————————————– Bankers and housing advocates were concerned that requiring a 20 percent down payment would keep many people from buying a home. Lenders and affordable housing advocates won a victory when federal regulators walked away from a proposed rule that would encourage mortgage lenders
5 INSPECTION PROBLEMS BUYERS SHOULDN’T IGNORE
Home buyers need to be extra vigilant about inspections in the early stages of a purchase because if problems are discovered too late in the process, it can “dash home owners’ dreams and budgets,” writes Yahoo! Finance in a recent article. One home buyer in Long Island, N.Y., explains in the story that she didn’t
HOME PRICES CONTINUE TO GAIN STEAM
Atlanta is up 20% in home prices year over year but we are still 24.4% below the peak of June, 2006. Collateral for underlying loans is appreciating in value, which should help lending standards with the banks. It is imperative to remain diligent and not take our eye off the ball with our pricing, locations
2013 Spring Selling Season Was Hottest Since 2004, As Recovery Accelerates & Widens
HOUSING OVERVIEW Zillow’s second quarter Real Estate Market Reports , released today, show home values increased 2.4% from the first quarter of 2013 to the second quarter of 2013 to $161,100 (Figure 1). This quarter marks the largest annual gain since August 2006 and largest quarterly gain since the fourth quarter of 2005. On an annual basis,
NORMALIZED SALES AND HIGHER PRICES ARE BACK..
Metro home sales down, Prices rose in June Jul 18, 2013, 11:39am EDT Bloomberg Metro Atlanta’s housing market stuck to the recent trend in June — decreased sales, higher prices. The Atlanta Board of Realtors’ monthly Market Brief, compiled by RealValuator, shows 4,065 single-family residential sales in June — down 12.4 percent year-over-year and
HOUSING RECOVERY PRICING OUT FIRST TIME HOMEBUYERS
First-time homebuyers are being squeezed out of the housing market recovery due to a sharp rise in home prices in some markets, a recent jump in mortgage rates, tighter lending practices, and competition from investors picking up lower-price property for cash, reports The Wall Street Journal. First-time homebuyers are more likely to be unemployed, underemployed,
HOUSING MARKET DOING SO WELL ONLY CONGRESS COULD DISRUPT THE MOMENTUM
Home builders’ confidence in the market for new single-family homes is at its highest level since January 2006. Kent Hoover Washington Bureau Chief Home builders’ confidence in the housing market hit its highest level since January 2006, rising for the third month in a row. The Housing Market Index compiled by the National Association
FED GIVES COMMUNITY BANKS A FEW BREAKS ON NEW CAPITAL RULES
The real test for Basel III Rule is whether the rule makes it easier or more difficult for banks to serve their customers,” said Frank Keating, president and CEO of the American Bankers Association. “If it makes it harder, that’s not what our still-recovering economy needs For immediate release The Federal Reserve Board on Tuesday