Archive for March, 2013

First Time Home Buyers Moving fast into the Market

Friday, March 29th, 2013

It’s happening.  We’ve been predicting that once some things changed in  the market first time buyers would increase.  Now we’re seeing the double-whammy.  Mortgage rates have started inching up and sales are up at the same time.  So buyers that have been on the sidelines are now getting antsy and are pushing their way in.  […]

Existing Home Sales are at a 3 Year High

Monday, March 25th, 2013

According to the NAtional Association of Realtors, existing home sales in February were at their highest level in 3 years.  We’ve been watching (and participating in) this new hot market for some time in Atlanta.  Nearly five million homes were sold which is a ten percent increase just over the previous month.  Home sale haven’t […]

Thinking of renting your Condo on the Down Low? Think Again!

Monday, March 11th, 2013

Okay, so maybe you don’t own a million dollar condo in the Financial District in New York (yes, I know the accompanying article calls it a co-op but it’s actually a condo).  Anyway, the owner of the unit decided she’d rent it out nightly without the board’s permission.  Big mistake!  When you buy a condo […]

Home Inventory in Atlanta Down 32%

Friday, March 8th, 2013

According to the latest report by Zillow.com available homes for sale in Atlanta were down 32% today versus 1 year ago.  (inventor was down 16% nationwide.  The reasons?  There are several.  Number one is that many people are not in a position to sell.  They may still have negative equity or the may have missed […]