Archive for April, 2012

Young Americans drive less, walk more

Monday, April 30th, 2012

We’re hearing it more frequently every day.  People want to live where they can walk.  It’s turned up in surveys of retired Americans and we’re also seeing it in younger Americans who drive 23% fewer miles than they did in just 2001.  Young Americans are less interested in driving and prefer to live in areas […]

March Pending Home Sales Rise

Monday, April 30th, 2012

March 2012 pending home sales increased to it’s best level since April 2010.  Pending sales are for contracts written but not closed yet.  Nationwide inventory seems to be somewhat lower.  In the in town market in Atlanta the availability of homes for sale has really dropped.  Buyers are frustrated, hearing nationally how prices are down […]

Fannie Mae and Freddie Mac set new timelines for short sale responses

Friday, April 20th, 2012

Good news if you’re thinking of selling or buying a home that’s a short sale.  Beginning in June banks will be expected to make decisions on short sale offers with 30 to 60 days.  Both entities issued new guidelines last Tuesday to make the short sale process quicker and easier for all parties.  Delayed responses […]

Tips for your home appraisal

Thursday, April 19th, 2012

Appraisal Tips Generally speaking, an appraisal is an unbiased estimate of market value.  Determining an exact value, however, is very scientific and an appraiser has many specific guidelines to follow including the following: A general rule of thumb is that the comparables used for an appraisal should have sold within the last six months and […]

Atlanta's population trends mirror the nation's

Wednesday, April 18th, 2012

According to recent US Census Bureau estimates Atlanta is seeing continued population growth.  But now the growth is more inside the city and immediate surrounding counties.  In the not too distant past mos of our growth was going to the outlying exurban areas.  Those counties have slowed their growth as more people move closer to […]

The importance of 'walkability' in your city

Friday, April 13th, 2012

As a Realtor I hear it every day from my clients.  “I’d like to be within walking distance to…”.  It’s not always an easy task.  Atlanta wasn’t originally built with walking in mind.  we’re more like Los Angeles and our city grew up in the time of the automobile.  Now cities like L.A. and Atlanta […]

Home prices stable, increases expected later this year

Thursday, April 12th, 2012

  A new report by the Home Data Index shows what we’ve been seeing in the Atlanta housing market.  Home prices have stabilized and are expected to increase by year’s end.  Supply in Atlanta has tightened up and we’re seeing more properties sell quickly and/or go to multiple bids.  We’re also seeing more investors start […]