Archive for January, 2012

January 2012 Atlanta Real Estate Report

Thursday, January 26th, 2012

David Bottomley http://www.DavidBottomley.com intownatlantarealestate@gmail.com 404-541-3500 (Office) Keller Williams Atlanta Intown 621 North Avenue NE Suite, C-50 Atlanta, GA 30308 January 2012 Market Update 2012 shows signs of an improving housing market as the U.S. economy continues its forward-moving yet slow road to recovery. Although there are economists projecting housing prices will decline further, aided by […]

Everything you wanted to know about Atlanta's Homestead Exemption but were afraid to ask

Tuesday, January 24th, 2012

    Filing for your homestead exemption is very important and can make a big difference in your property taxes.   Kati Heller at McManamy McLeod Heller has written a great article explaining the hows, whens and what fors.  Check out all the details and feel free to call or email me with any questions you may […]

Big improvements coming for Old Fourth Ward and Boulevard

Monday, January 23rd, 2012

    Living in the Old Fourth Ward just continues to get better.  The stretch of Boulevard between Ponce and Freedom Parkway was once a rough area, indeed.  It has cleaned up a lot but there is still work to be done.  Now the city has partnered with private interests to make the area even better.  […]

Freddie Mac predicts home sales to increase between 2% and 5% in 2012

Thursday, January 19th, 2012

Freddie Mac released it’s annual Economic and Housing Market Outlook on Wednesday.  The survey predicts a slow recovery in the economy and among it’s findings. Economic growth will likely strengthen to about 2.1 percent in the first quarter. The current U.S. unemployment rate of 8.5 percent is likely to increase after seasonal gains are reversed. […]

Some condos finally selling out

Saturday, January 14th, 2012

Some newer intown condo developments are finally selling out, from this article on AJC.com.   Several examples are Luxe, Serra, and Castleberry Point.  Now is this great news for the market?  Not yet.  The condo market in Atlanta has been dismal (but improving slightly) for several years.  It is important when we look into the future.  […]

Foreclosures decreased 34% in 2011 !

Friday, January 13th, 2012

Wow, foreclosures decreased 34% in 2011 from 2010 according to a new report by RealtyTrac.  It’s the fewest number of foreclosures since 2007.  Now this doesn’t just mean that fewer owners are in distress.  Some of the decrease is due to banks delaying foreclosure due to problems with paperwork and the robo-signing mess.  There are […]

Ouch! Atlanta's 4th quarter home prices didn't look good.

Thursday, January 12th, 2012

Apparently an influx of foreclosures on the market drove down Atlanta home prices in the 4th quarter of 2011.  I’m still sorting through the numbers but it looks like October we were down almost 12% year-over-year.  Any short term numbers have to be looked at carefully.  It looks to me at first glance that distress […]

Homeowners Insurance in Georgia still going up

Monday, January 9th, 2012

   I’ve been hearing it from homeowners and clients.  Insurance companies in Georgia are dropping current customers or raising rates on the ones they’ll keep insuring.  It’s hitting everyone hard.  Here’s a good article from the AJC about this.  If you’re having problems with your homeowners insurance and would like some free information or a […]

Bank of America Plaza closer to foreclosure

Sunday, January 8th, 2012

It’s not just the tallest building in Atlanta.  It’s also another piece of real estate looking at foreclosure according to AJC.com.  The building was bought at the height of the real estate boom by real estate investment firm BentleyForbes.  See?  Even the experts bought at the wrong time so don’t feel badly.   Want more info […]

Housing starts increasing in Atlanta

Thursday, January 5th, 2012

Third quarter year-over-year numbers show that more new homes are being built in metro Atlanta according to a new report from Metrostudy.  This doesn’t mean we’ll have a boom in new construction.  It’s just a response to new homes being slowly absorbed and relatively few new homes being built.  But Atlanta housing will struggle and […]