Real Estate Outlook: Housing Starts Are Up Again
June 23, 2009------------------------------------------------The most bearish of Wall Street economic analysts have made the same point for the past 18 months. There's no recovery or rebound in the housing market, they said, until home builders start building again. But last week the Commerce Department reported an unexpectedly large increase in new single family home starts during May - up by seven and a half percent.
Published: June 30, 2009
Home prices in metro Atlanta fell nearly 15 percent from April 2008 to April 2009, according to the S&P/Case-Shiller Home Price Indices report published Tuesday.
To continue reading, go to: http://atlanta.bizjournals.com/atlanta/stories/2009/06/29/daily19.html?surround=etf
BUSINESS / ECONOMY | July 01, 2009 U.S. Home Price Declines Moderating, Index Says By JACK HEALY Prices continued to fall in April amid rising unemployment and new foreclosures. But the pace of declines leveled off slightly, according to the Standard & Poor's Case-Shiller index.
Market Conditions
June 30, 2009-----------------The National Association of Realtors is reporting that May saw a gain in the sale of existing homes -- up by 2.4 percent.Read the Full Story At: http://realtytimes.com/rtpages/20090630_mrktconditions.htm
Real Estate Outlook: When Signals are Mixed
June 30, 2009-------------------------------------------The key to understanding what's happening for housing and real estate right now is to remember this: In a recovery that's just getting going, don't expect all the economic arrows to point the same way at any given moment.Read the Full Story At: http://realtytimes.com/rtpages/20090630_realestateoutlook.htm
Mortgage Applications Up 6.6%
Mortgage applications up 6.6% by Inman_News
June 24, 2009
Increased demand for both purchase and refinance loans drove a 6.6 percent increase in mortgage applications last week, the Mortgage Bankers Association said in releasing the results of its Weekly Mortgage Applications Survey.
Index shows slowdown in price declines
June 24, 2009by Inman_News
U.S. home prices fell a seasonally adjusted one-tenth of a percent from March to April, and were down three-tenths of a percent in the first four months of the year, according to a government house price index that excludes many homes purchased with risky mortgages.
Published: June 23, 2009
Housing prices are still falling, but the declines are slowing, according to a government report.
Sales of existing homes rose for the second straight month in May, signaling low prices and incentives are attracting buyers.
To continue reading, go to: http://atlanta.bizjournals.com/atlanta/stories/2009/06/22/daily26.html?surround=etf
Housing inventory shrinks in May by Inman_News June 23, 2009
The inventory of existing homes fell 3.5 percent from April to May, with the 3.8 million homes on the market representing 9.6 months of supply, down from 10.1 months in April, the National Association of Realtors said. Economists generally consider a six-month supply of homes a healthier balance between supply and demand.
Sales of existing homes were up 2.4 percent in May, to a seasonally adjusted rate of 4.77 million units, which helped nudge inventory in the right direction, though they were 3.6 percent below the May 2008 rate.
Defaulting homeowners strike back by Marcie_Geffner June 23, 2009
The windows are broken. The doors are off their hinges. The walls have been punched through like Swiss cheese. The appliances, curtain rods, faucets and other supposedly built-in fixtures have been ripped out and presumably sold. Paint or perhaps motor oil has been poured over the once-pristine carpets. The basement has been flooded. The plumbing is stopped up, and the stench is indescribable.
All that -- and much more -- describes the state of many of the homes that are for sale in foreclosure-wracked markets around the country.
June 18, 2009
Georgia’s seasonally adjusted unemployment rate climbed to 9.7 percent in May -- the highest rate ever recorded in Georgia, according to the Georgia Department of Labor
The over-the-year losses came in professional and business services, including temporary employment agencies, manufacturing, trade, transportation and warehousing, and in the construction industry
Published: June 16, 2009
Bill would boost tax credit to $15,000 by Inman_News June 11, 2009
Sen. Johnny Isakson -- the Georgia Republican whose previous attempt to boost the first-time homebuyer tax credit to $15,000 was shot down in the House -- hasn't given up on the idea.
Isakson, the former president of Northside Realty, has introduced a bill that would not only raise the tax credit's current $8,000 cap, but make it available on any purchase of a primary residence -- not just to first-time homebuyers. The bill would also eliminate the current income ceilings of $75,000 for individuals and $150,000 for couples.
June 1, 2009
Bizdemographics
G. Scott Thomas bizjournals
Atlanta will climb into the top six.Atlanta was No. 9 in 2005, and will be moving higher in coming years. Atlanta is ticketed for sixth place at 7.3 million.
Projecting population growth is as much an art as a science -- and often an inexact art at that. But it still offers an interesting, useful and provocative view of the future.
That's why bizjournals is issuing its own population projections for the nation’s 250 largest metropolitan areas, looking as far ahead as 2025.
Bizjournals analyzed recent county-by-county growth patterns within each state, and then used that information to predict metropolitan growth at five-year intervals between 2005 and 2025.
No one can foresee all of the economic twists and demographic turns that the coming two decades will bring, but bizjournals' projections suggest a range of intriguing possibilities.
You can view this article on the web at:
http://www.bizjournals.com/edit_special/80.html
Real Estate Outlook: Housing Rebounding
June 10, 2009---------------------------------------Housing sales and pending sales contracts are up, dramatically in some markets, and a rebounding real estate sector could soon start stimulating the broader economy.Read the Full Story At: http://realtytimes.com/rtpages/20090609_realestateoutlook.htm
The Waiting Game by Realty Times
6-3-2009----------------A recent study by shows that real estate is now as affordable as it's been in the past 38 years. The study tells us that median home prices, when viewed against median mortgage rates and incomes, are wildly affordable.Read the Full Story At: http://realtytimes.com/rtpages/20090603_waitinggame.htm
ajc
6-3-2009
Increase in home sales contracts seen as positive sign
Market Conditions - Realty Times
6/3/2009-----------------The National Association of Realtors Pending Home Sales Index shows that home sales are up for the 3rd month in a row.Read the Full Story At: http://realtytimes.com/rtpages/20090603_mrktconditions.htm
Published: June 2, 2009
Lower prices and attractive mortgage rates are breathing new life into housing, with one measure of sales posting its fourth increase in the last five months.
To continue reading, go to: http://atlanta.bizjournals.com/atlanta/stories/2009/06/01/daily24.html?surround=etf
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* Tracking pending sales is great way to see what's happening NOW! But, is a bit unreliable due to the % of sales that don't ulitmately close. Primary reasons that a sale wouldn't close: inspection/repair issues, buyer unable to obtain financing, and a low appraisal. That's when an experienced agent is invaluable.
Catherine Nesset
Coldwell Banker Residential Brokerage
404-788-7444
Published: June 1, 2009 bizjournals.com
Existing home sales and new home construction activity remained slow in Atlanta for the first three months of the year, as the nation’s battered economy continued to struggle.
To continue reading, go to: http://atlanta.bizjournals.com/atlanta/stories/2009/06/01/focus5.html?surround=etf
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* Remember that every "pocket" of the Metro Atlanta area is different! Call today to see what is happening in your "world".
Catherine 404-788-7444
Market Conditions by Realty Times
5-29-09-----------------According to the latest report from the National Association of Realtors, existing-home sales rose in April by 2.9 percent.Read the Full Story At: http://realtytimes.com/rtpages/20090529_mrktconditions.htm
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