Atlanta Real Estate Investor Blog » Current Events

Atlanta home prices up in July

admin — Tue, 29 Sep 2009 15:45:17 +0000

Once again, the S&P Case-Shiller Home Price Index is showing broad-based improvement in home prices across the country.

The 10-city Index increased 1.7 percent in July, and the 20-city Index was up 1.6 percent. Both were down over 12 percent from July 2009, however.

In Atlanta, prices increased 2.3 in July, but remained 11.8 percent below last year.

It’s the fourth-straight month of price appreciation for the city.

Harlan and Associates performs real estate closings in Georgia. Want to know more? Contact us and we’ll be happy to discuss how we can be of service to you!

untitled, originally uploaded by max_level.

Existing Home Sales Slip 2.7%

admin — Thu, 24 Sep 2009 19:04:05 +0000

Existing home sales, which had risen for the past four months, slipped 2.7 percent in August, according to the latest report of the National Association of Realtors.

Still, the number of sales was 3.4 percent above last year.

Credited for the slide in sales were higher mortgage rates, which on average were over a percent higher in August than July.

Home sales had shown relative stabilization in the four months prior to August, mostly because of the $8,000 federal tax credit for first-time homebuyers. However with that credit set to expire on November 30th, home sales may end up declining again.

In the South, existing home sales were down 3.1 percent for the month, but remained 1.6 percent above last year. The median price of a home was $157,400 – an 11 percent drop from August 2008.

We’d love to be your Atlanta real estate closing attorneys. Want to know more? Contact us and we’ll be happy to discuss how Harlan and Associates can be of service to you!

A Date with Destiny, originally uploaded by luvpublishing (in SLC for a few days).

Georgia ranks 7th in foreclosures

admin — Fri, 14 Aug 2009 01:53:23 +0000

For the third month in a row, Georgia held the position of having the seventh-highest number of foreclosures in America, according to RealtyTrac’s latest foreclosure report.

The state had 11,136 foreclosure filings in July. That’s up 10.7 percent from last year, but down a whopping 20.6 percent from last month.

Georgia has comparatively speedy foreclosure laws, and lenders are able to foreclose on Georgia properties much more quickly than in other states, perhaps leading to the recent decline.

Nationwide, foreclosures were up 7 percent from last month, and 32 percent from last year.

We’d love to be your Atlanta closing attorneys. Want to know more? Contact us and we’ll be happy to discuss how Harlan and Associates can be of service to you!

7, originally uploaded by billpan45.

Atlanta home prices plummet

admin — Mon, 06 Apr 2009 20:17:03 +0000

From Case-Shiller’s results for January: Atlanta home prices dropped 3.2 percent for the month and 14.3 percent for the year.

Harlan and Associates performs real estate closings in Georgia. Want to know more? Contact us and we’ll be happy to discuss how we can be of service to you!

Roller Coaster – Definitely Not A Good Idea, originally uploaded by 10:10 Photography (aka Coroner).

Atlantic Station condos to be acutioned

admin — Wed, 04 Feb 2009 20:47:29 +0000

On the heels of the news that sales of new condos in Atlanta have taken a real nosedive (with only 66 being sold in the last half of 2008), comes an announcement that 40 condominiums in Element at Atlantic Station are to be auctioned off at the end of this month.

Minimum bids will be as much as 56 percent below listed prices.

Harlan and Associates performs real estate closings in Georgia. Want to know more? Contact us and we’ll be happy to discuss how we can be of service to you!

i like my centered horizon line, originally uploaded by rodinis [ roh-DEE-niz ].

Existing home sales show surprising monthly gain

admin — Mon, 26 Jan 2009 17:01:46 +0000

Nationwide existing-home sales surprisingly jumped 5.6 percent in December, according to the National Association of Realtors.

Still, the rate was 3.5 percent below December 2007.

Fueling the unexpected jump in sales was a plunge in home prices, which have fallen 15.3 percent.

Sales really picked up in the West and South regions, suggesting that buyers are picking up foreclosed properties and discounted prices. Lawrence Yun, the chief economist of the NAR, has recently stated that foreclosures and short sales make up between 35 and 40 percent of all sales.

In the South, existing-home sales rose 7.4 percent from November, but remained 11.2 percent below last year.

Because of the jump in sales, total housing inventory fell to a 9.3-month supply of homes on the market.

Harlan and Associates performs real estate closings in Georgia. Want to know more? Contact us and we’ll be happy to discuss how we can be of service to you!

Welcome to Gomer-ville, originally uploaded by oybay.

Pending home sales hit 7-year low

admin — Wed, 07 Jan 2009 17:59:10 +0000

The number of pending home sales tumbled 4 percent in November to the lowest level since the National Association of Realtors started collecting data in 2001.

That’s also a drop of 5.3 percent from last year.

Lawrence Yun, the chief economist of the NAR said that the weakening was inevitable, given mounting job losses and weak consumer confidence.

He’s also been predicting a year-end recovery for months.

In the south, pending home sales dropped 2.2 percent from last month, and were 12.7 percent below last year.

Harlan and Associates performs real estate closings throughout Georgia. Want to know more? Contact us and we’ll be happy to discuss how we can be of service to you!

0111, originally uploaded by > sëbastián <.

U.S. housing starts drop to new record

admin — Tue, 16 Dec 2008 16:13:28 +0000

The number of housing starts and building permits both fell to new record lows in a sign that the slump in the U.S. housing market is continuing.

Nationwide, total housing starts dropped 18.9 percent in November and were 47.0 percent below last year. Single family starts alone were down 16.9 percent from last month and 46.0 percent from last November.

In the south, single-family housing starts slid 13.6 percent from October and 45.7 percent from last year.

Building permits last month fared no better: nationwide they were down a total of 15.6 percent for the month and 48.1 percent for the year. Single-family permits were down 12.3 percent from October and 46.3 percent from last year.

The south saw single-family permits drop 14.0 percent from November to a level 48.5 percent below November 2007.

The reports were much lower than expected, and show that the bottom is continuing to drop out of the housing market.

We’d love to be your real estate closing attorneys in Atlanta Georgia. Want to know more? Contact us and we’ll be happy to discuss how Harlan and Associates can be of service to you!

Nails, originally uploaded by gunnar3001.

First Georgia Community Bank fails

admin — Sun, 07 Dec 2008 20:59:48 +0000

Jackson-based First Georgia Community Bank was closed by the Georgia Department of Banking and Finance on Friday, marking the failure of the 23rd bank in the nation this year and the fourth in the state.

The FDIC announced that the bank’s four branches will reopen on Monday as part of United Bank of Zebulon.

The failed bank recently ranked sixth on a list of Georgia banks with a high Texas ratio, which gauges a financial institution’s risk by comparing the level of problem loans to the amount of capital and reserves available to the bank.

We’d love to be your real estate closing attorneys in Atlanta Georgia. Want to know more? Contact us and we’ll be happy to discuss how Harlan and Associates can be of service to you!

Meter FAIL, originally uploaded by ryan muir.

Cost of the bailout so far?

admin — Wed, 26 Nov 2008 13:37:08 +0000

7.7 trillion dollars.

We’d love to be your real estate closing attorneys in Atlanta Georgia. Want to know more? Contact us and we’ll be happy to discuss how Harlan and Associates can be of service to you!

Hail the Beggar King, originally uploaded by xylonets.