Archive for August, 2011

Atlanta Home Prices Down Year-over-year, but Up Month-to-Month

Wednesday, August 31st, 2011

According to the latest Case Schiller study, metro Atlanta home prices increased 1% in July compared to June.  However, prices were down 4.9% compared to a year ago.  What gives?  It’s a strange market so we have to take some variable into account.  Normally the year-over-year numbers are the ones to use for comparison.  But […]

Great Condo near Grant Park

Saturday, August 27th, 2011

Location, location, location!  Great 2 bedroom condo renovated in 2005.   The kitchen features granite counters and stainless appliances.   Perfect for an active lifestyle.  Walk to Grant Park for a stroll, or a jog, or to walk your dog.  Or head in the opposite direction to Six Feet Under, Ria’s Bluebird or Oakland Cemetery.  […]

Rehab Opportunity Near Grant Park

Friday, August 26th, 2011

10 Ways you can Improve Your Credit Score Now

Friday, August 26th, 2011

There are few things more important to your financial health than your credit score.  And understanding and correcting your credit score can be more confusing than an M Night Shyamalon movie.  But HomesinAtlanta has come to the rescue.   Actually the always great blog, Lifehacker has a great article about ten things you can do […]

FHA Loan Limits coming Down

Tuesday, August 23rd, 2011

The Federal Housing Authority is lowering the top mortgage amount that it will insure beginning in September, 2011.  In Atlanta this means the the new limit will be $320,850.  A high percentage of loans now are FHA loans, however this will not have a dramatic affect on the Metro Atlanta area.  The areas that will […]

Home Values Fall with a few Bright Spots

Friday, August 19th, 2011

  Here’s a great article from BankRate that talks about the slide in home prices and the causes.  Actually what we’re seeing is home prices in different markets moving slighty up or slightly down.  We seem to have reached some stability but prices certainly aren’t going up.  And the worst forecasts only see a potential […]

Is your landlord solvent?

Wednesday, August 17th, 2011

Here’s a great article from the Atlanta Business Chronicle about vetting your landlord to make sure he’s solvent.  In our new economic world this is one more thing we need to worry about.  And while I don’t handle many rentals I still felt this article was relevant.  Because this issue also dovetails with BUYING real […]

Atlanta foreclosures higher than last month, but..

Monday, August 15th, 2011

….they are down on a year by year basis.   Comparing last years numbers are the better indicator since so many factors can affect month-to-month.   We’re still slogging through this mess of foreclosures and even though we’re seeing some good indicators regarding foreclosures in Atlanta (like delinquencies declining), there’s just too little evidence to decide if […]

Mortgage Broker and his ex-wife headed to Prison

Monday, August 15th, 2011

Back in crazy real estate days there was a lot of mortgage fraud going on.  As agents we’d see things that looked fishy and couldn’t believe the banks weren’t doing a better job of vetting their loans.  Fortunately the only times I was faced with a fraudulent transaction my client and I just walked away […]

Mortgage Delinquencies Fall Again

Sunday, August 14th, 2011

This is a long, slow, slog through the housing market but there are signs of improvement.  One important factor I look for is foreclosures declining.  If you’re a regular reader of this blog then you know that in past real estate recessions prices began recovering 24 months AFTER foreclosures started declining.  We’re not there and […]