Archive for October, 2012

Young Adults are Finally Leaving their Parent's Houses

Wednesday, October 24th, 2012

When the recession hit in 2007 many college graduates found out they could not get a job.  So for many the only option was moving back home with their parents.  This meant these young people weren’t creating new households which reduced the demand for homes and even rentals (at least for that segment).  Now, according […]

Bam! It's officiall a sellers market in Atlanta

Tuesday, October 23rd, 2012

The Third Quarter 2012 stats are almost out.  I’ll have a full review of them tomorrow.  But a sneak peek already shows that for houses priced at $500,000 and below Atlanta is now in a seller’s market.  In the last year prices have bumped up 12% overall, sales are up 12% as well and days […]

Home prices hit new highs in many areas

Friday, October 19th, 2012

As we’ve been seeing here in Atlanta it’s hard to find a home to buy these days.  There’s just not a lot of inventory out there.  It’s frustrating for buyers and it’s making prices go up as you can read from this report from USA Today and Lender Processing Services.  From USA Today “As U.S. […]

No surprise here, Housing starts hit a 4 year high

Wednesday, October 17th, 2012

Housing is turning around and as we’ve seen in the past things can change quickly.  This is what we’re seeing today.  More buyers and fewer homes on the market.  We’ve been watching this happen for about a year.  Now we’re seeing the home construction market catch up.  Builders, both the big nationals and smaller local […]

Prices of some new homes moving up

Monday, October 15th, 2012

We always like to follow Metrostudy here at HomesinAtlanta.  They have the pulse of what’s going on in the market as well as anyone.  Now they’ve just come out with a report about new housing.  It’s a continuation of what we and Metrostudy have been saying.  New construction in the areas that are in most […]

Home Inventories Down 34% Nationwide

Monday, October 1st, 2012

We’ve been seeing it here in Atlanta and now we have confirmation that it’s happening nationwide.  There just aren’t many homes available to buy right now.  According to Realtor.com in July 2010 there were 2.8 million homes on the market but as of last month that number had fallen by a third !   It’s frustrating […]