With the housing market bottoming in 2012, economists and other experts are becoming increasingly optimistic about theU.S. housing market in 2013. “Assuming our leaders in Washington come to some sort of agreement that keeps the economy growing , here is what should happen with these buyer demographics,” Investors: Investors and, yes, even flippers will continue
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
“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,
GEN Y: MEET THE NEXT 1 PERCENTERS
BUSINESS NEWS DAILY REPORTS THE …. THE High-rolling members of Gen Y will soon be the mainstay of marketers of luxury products and services, a new study shows. The affluent segment of these millennials (those ages 18-34, living in households that earn more than $100,000 in annual income) already has the largest current spending for
ATLANTA HOUSING DEMAND RISES
ATLANTA HOUSING DEMAND ON THE RISE…. Atlanta Business Chronicle by Jacques Couret, Senior Online Editor Date: Thursday, November 1, 2012, 1:41pm EDT Housing demand now outpaces supply in metro Atlanta and demand is expected to continue to grow with unemployment waning, Metrostudy reported Thursday. Housing demand now outpaces supply in metro Atlanta and demand is
Understanding the New Real Estate Tax for 2013
The NATIONAL ASSOCIATION OF REALTORS® has developed an informational brochure that provides examples of different scenarios in which the new 3.8% tax — passed by Congress in 2010 — could be relevant to you and your customers. Since this new tax will affect some real estate transactions, but will not be imposed on all transactions