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
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 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
Why No City Can Afford to Forget About Seniors
Traditionally, mayors and economic developers have focused their efforts on making their communities great places for families, emphasizing good schools, up-to-date infrastructure, and low crime rates. Over the past decade or so, increasing attention has been paid to attracting younger talent. But one age group has factored much less in the conversation: older Americans. 10,000
: Real Estate’s 2013 Pivot Points: Interest Rates, Gen Y, Health-Care Demand
ATLANTA — Low interest rates, increasingly aggressive lending and Generation Y’s housing preferences are among the top factors shaping the U.S. real estate market this year, according to a group of leading real-estate experts. The Counselors of Real Estate, a Chicago-based global association of hundreds of real estate professionals and advisors, released the list Wednesday at the
SINGLE FAMILY BUILT FOR RENT MARKET SHARE RISES
At the start of 2013, single-family starts built-for-rent were up on a year-over-year basis, with the market share rising to a new high. Despite some recent ups and downs, the share of single-family homes built for rental purposes continues to rise. But by and large, the construction market for these homes remains a niche market, even