Last week Case/Schiller surprised the market with news that new home prices had fallen. We had seen improvement in the market the last few months and expected this to continue. But Case/Schiller’s survey showed fewer transactions and lower prices. We weren’t surprised about the fewer transactions because we’ve seen inventory dry up. There are just […]
We’re continuing to see improvement in the job market in Atlanta. February’s unemployment rate was 9% versus 9.9% in February of 2011. We’re keeping a close eye on this number because people need jobs to buy homes and good news in employment is good news for real estate. For the details on all the numbers […]
Interest rates have been moving up the last couple of weeks. According to Weekly Rate Mortgage Radar rates moved up from an average of 4.01% to 4.13%. Why are rates increasing? There are several factors. Mortgage rates are a factor of the markets. Ten year treasury yields have been really low but they’re starting to […]
If you’re a regular reader of this blog then you know we’ve been preaching that real estate won’t come back until the jobs come back. Now we’re seeing this starting to happen. As we told you earlier, Atlanta has been adding jobs by the bushel. These are corrections from previously incorrect numbers that showed us […]
In another good report, our economy added 227,000 jobs. This is the third month in a row of job growth north of 200,000. We keep a close eye on the jobs numbers these days because better employment numbers mean a better housing market. We also saw improved numbers for Atlanta last month. And we’re seeing […]
The city of Atlanta gained about 50,000 jobs over the last year according to a report from Wells Fargo and The Atlanta Business Chronicle. They also project adding another 68,000 this year. This picture is brighter than what had previously been thought. In fact some predictions were that Atlanta would lose net jobs but that’s […]
Atlanta Schools Superintendent has come out with his new redistricting plan. It’s not final as the board has to vote but at first glance it looks pretty good. There was no way everyone was going to like the plan because redistricting is always a contentious issue. However, it looks like Peoplestown came out relatively well. […]
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