Why are Mortgage Rates Rising ?

Friday, June 7th, 2013

We’ve been enjoying super low mortgage rates since about 2008.  They’ve helped the real estate market to rebound and help a lot of people get some great mortgage deals.  However, in the last month mortgage rates have gone from an average of 3.3% to 3.8%.  That’s a pretty big jump in a short time.  What […]

Atlanta Home Prices could Rise as much as 10% this Year

Thursday, February 7th, 2013

     We’ve been watching real estate in Atlanta turn around over the past year.  Less inventory, more buyers and an improving employment situation are all changing the market.  Now today we have a new report from Metrostudy that predicts home prices in Atlanta will increase as much as 10% in 2013.    It’s a great article […]

Atlanta Real Estate is Undervalued

Wednesday, January 9th, 2013

At least according to this new report from Fitch and Real Estate Economy Watch, it is.  Actually what the report says is that real estate overall is overvalued 10%.  I was blown away when I read that but then I found this nugget in the report.  ‘The report highlighted hardest hit metros such as Phoenix, […]

What's in store for Atlanta Real Estate in 2013 ?

Wednesday, December 26th, 2012

With the last week of 2012 upon us, here at HomesInAtlanta we’re going to be taking a look at what’s going to happen in 2013.   Here’s our first look.  It comes from the Urban Land Institute’s Emerging Trends Real Estate Report for 2013.  It’s focused more on commercial real estate but it covers a lot […]

Discounts on Foreclosures are Shrinking.

Monday, November 12th, 2012

We’re seeing pricing on foreclosures increase just like individual sales.  Now from this report from Real Estate Economy Watch we’re seeing the amount of discount off list price shrink as well.  From the report,  “The national average discount on foreclosures has shrunk by 1.4 percentage points over the past year as competition for foreclosures as […]

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 […]

Rising home values means 1 million more home owners now above water

Monday, August 6th, 2012

The number of home owners that owe more than their house is worth fell by nearly 6% due to rising home values.  Home equity rose by nearly half a trillion dollars in the first quarter of this year (it’s the most recent date for these statistics).  It’s another sign that the housing market is continuing […]

Where's the Inventory?

Wednesday, August 1st, 2012

That’s the question buyers are asking everywhere these days.  There are so few homes to buy right now.   While the number of buyers seems the same or is growing slightly, home buyers signed fewer contracts to buy existing homes in June.  The pending home sales index from the National Association of Realtors fell 1.4 […]

Pending home sales up again in May

Friday, June 29th, 2012

Pending home sales bounced back in May, matching the highest level in the past two years, and are well above year-ago levels, according to the National Association of Realtors®.  Both monthly and annual gains were seen in every region.  The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 5.9 percent to […]

Are Atlanta's home prices headed up?

Wednesday, June 27th, 2012

Where are Atlanta’s home prices headed?  This week the S&P/Case Schiller home index showed prices nationally increasing over 1%.  The best gains came in places like Phoenix and Miami that have been hit the hardest.  Why?  These areas have gone through the bottom now (we wondered at times if we’d ever find the bottom) and […]