georgia real estate tagged posts

Atlanta Real Estate Market and Financing Update

Credit Scores by State

Credit Scores by State

The following is a guest blog from Jeffrey Heckman and Joanne Rotella with Shelter Mortgage Company and does not necessarily reflect the views of GeorgiaMoves.com

1. Mortgage rates pushed lower last week and the main reason was that investors in Japan and China bought US bonds. They did this because Japanese and Chinese currencies have recently weakened versus the dollar making the safety and security of US bonds attractive to investors in both countries.

2. January New Home Sales unexpectedly shot up 10% from December to an annual rate of 468k units. This was the highest level since July 2008. January Pending Home Sales also posted a slight increase.

3. Per FICO, the average credit score in the US is down to 634...

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Atlanta New Construction Faring Well

Search all Atlanta new construction

Search all Atlanta new construction

Builders…..if your credit isn’t shot, there’s lots of money to be made in the Atlanta real estate market. With inventories of new construction and resale homes at historically low levels, a well built and reasonably priced home shouldn’t take long to sell.

As of 2/7/14, there were  2228 newly built metro Atlanta homes for sale and 28630 resale homes for sale in metro Atlanta. There were 1065 newly built metro Atlanta homes under contract and 10827 resale homes under contract in metro Atlanta. In 2013 there were 5785 new metro Atlanta homes sold and 61577 resale homes sold in metro Atlanta. In 2012 there were 5329 new metro Atlanta homes sold and 61862 resale homes sold in metro Atlanta...

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Atlanta Home Sales Statistics for the Past 2 Years

Check out our interactive metro Atlanta home sales statistics, new listings, and contracts by month for the past 2 years! Have any questions or need specific statistics for your area of town? Give us a ring or send us a comment! At The Levine Team, we know our stats!

 

Thinking of selling your metro Atlanta home? Click here to learn more about the author, top producing RE/MAX Realtor, Craig Levine!

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Atlanta Subdivisions – Search Atlanta Homes for Sale and Atlanta Home Sales Statistics

Georgia Homes

We have just updated all of the Atlanta subdivision and Georgia subdivision sales statistics for 2013. Check out one of our great new websites, GeorgiaHomes.me , where you can see how well subdivisions performed in 2013. Don’t see your subdivision listed? Send us an email and we’ll research how well homes have been selling in your neck of the woods.

You can also search all metro Atlanta homes for sale and all Georgia homes for sale.

     Having been licensed since 1994, Craig Levine brings to your real estate deal a world of experience, cutting-edge technology, negotiating savvy, and exemplary service...

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Atlanta Home Financing Update

ATLANTA HOME FINANCING

ATLANTA HOME FINANCING

The following is a guest blog from Jeffrey Heckman and Joanne Rotella with Shelter Mortgage Company and does not necessarily reflect the views of GeorgiaMoves.com

1. Metro Atlanta foreclosure notices were down 56% in January from the same month a year ago and are now down to the lowest level since June 2003, according to the AJC. Fewer foreclosures should support higher prices.

2. When it comes to rates, fewer things are more important than inflation. The Consumer Price Index (CPI) and Producer Price Index (PPI) reports released last week both confirmed that inflation remains tame. Core CPI was just 1.7% higher than a year ago and well below the Fed’s target level of 2%, while Core PPI was even lower at 1.4% on an annual basis.

3...

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Marietta Georgia 30068 Home Sales Statistics Strong

30068

30068

A client of mine who was considering selling his home recently asked me to provide some sales and pricing statistics for zip code 30068, located in Marietta Georgia. The family was glad to see that Marietta Georgia real estate trends were improving and thought it was a great time to list their home for sale.  In 2011, there were 377 sales with an average list price of $398,854 and an average sales price of $377,300, a sales price to list price ratio of 95%, a sales price to original list price ratio (taking into account price reductions) of 91% and an average days on market of 130. We would consider this a pretty slow moving market.

MARIETTA GA 30068 SALES STATS 2011

MARIETTA GA 30068 SALES STATS 2011

MARIETTA GA 30068 PRICE STATS 2011

MARIETTA GA 30068 PRICE STATS 2011

In 2012, there was an increase in the number of sales to 423 properties...

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Atlanta Pocket Listings offer benefits for Buyers and Sellers

Atlanta Pocket Listings

Atlanta Pocket Listings

There’s a new catch phrase being circulated in the real estate industry and it’s coming to a town near you. Pocket Listings, or hip pocket listings as they are popularly called, are real estate listings that have not fully hit the market, yet. They are not being advertised in the local multiple listing service (mls) and are usually hidden, secretive, or private offerings available to people in the know. You can almost equate them to an initial public offering (ipo) of stock, available at first, to a clientele and then to the general public once they are listed. Atlanta pocket listings are becoming more and more prevalent as the Atlanta real estate market heats up and we prepare for a recovery in 2014.

Why might a seller choose to utilize the pocket listing strateg...

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Home Appreciation Rates

HOME APPRECIATION RATES

HOME APPRECIATION RATES

The following is a guest blog from Jeffrey Heckman and Joanne Rotella with Shelter Mortgage Company and does not necessarily reflect the views of GeorgiaMoves.com

No one needs to be reminded of the fact that home prices fell after the last housing boom. Many observers predicted a continuation of that trend. Now, however, the market has returned to a historically average level of appreciation. We can also see that variance from year to year is perfectly normal.

So will values continue to increase? Truth is that no one knows for certain as many factors influence home prices. However, we do know where prices are right now and even more importantly, where interest rates are, and that’s still close to historic lows. The combination of prices that are still off the peak...

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Atlanta Real Estate Sales Statistics

During the month of August 2013, Atlanta home sales prices for single family detached residences averaged $244,297 versus $186, 864 in August 2012. Additionally, during August 2013, Atlanta home sales prices for single family attached residences averaged $182,703 versus $143,216 in August 2012. Houses and condos showed significant gains of approximately 30% from the prior year, a very positive sign. Inventory levels for detached single family homes declined about 4% while inventory levels for attached single family homes declined a whopping 29%, year over year for August. See the Atlanta home sales statistical map that provides insight into which areas of Atlanta are selling the fastest and which areas of Atlanta are selling for the most money.

Atlanta home sales statistics

Atlanta home sales statistics

Having be...

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Government shutdown not affecting interest rates, yet

The following is a guest blog from Jeffrey Heckman and Joanne Rotella with Shelter Mortgage Company and does not necessarily reflect the views of GeorgiaMoves.com

1. Of course, the big news last week was our country’s first partial government shutdown in 17 years! Surprisingly, though, the impact on the mortgage business has been minimal. The only big loss thus far has been the USDA rural housing program. Be aware that the longer the shutdown drags out, though, the more problems and delays will begin to occur.

2. The government shutdown’s impact on mortgage rates has also been minimal mostly because U.S. Government economic reports are not being released. The markets will be less volatile with less news being reported.

3...

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