The Archives
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10.08.09Atlanta luxury homes taking a beatingAccording to Trulia, Atlanta ranks 17th in the nation in the number of luxury homes (those originally listed at two million dollars and above) experiencing price reductions. 29 percent of homes have had their listing prices reduced, with an average reduction of 11 percent. The total amount of reductions is $190,220,820. * 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! Day 25/365 "K.O." (Explore!), originally uploaded by jp3553.
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09.29.09Atlanta home prices up in JulyOnce 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.
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05.26.09Atlanta home prices show continued shallowingStandard & Poor's released the Chase-Shiller Home Price Indices this morning, showing that the decline in home prices in Atlanta seems to be shallowing. The data, good through March 2009, show that the metropolitan Atlanta area experienced a 1.7 percent drop in home prices versus February. February's drop was 2.5 percent versus January. And January's decline was 3.2 percent from December 2008. Still, Atlanta's home prices show a year-to-year decline of 15.7 percent. While three months of smaller declines is a positive sign for the city, home prices nationwide are still experiencing significant downward pressure. Nine of the cities tracked by Case-Shiller in fact ...
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05.12.09Quick hit on Atlanta home pricesQuick news via the AJC, reporting statistics from the NAR: Atlanta home prices have fallen by 25 percent over the last year. It's interesting because the NAR's figure is way beyond Case-Shiller, which reported a 15.3 percent year-to-year decline. We’d love to be your Atlanta real estate lawyers. Want to know more? Contact us and we’ll be happy to discuss how Harlan and Associates can be of service to you! ○ ^ ○, originally uploaded by Bernat_83.
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04.06.09Atlanta home prices plummetFrom 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).
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03.11.09Is now a good time to be a landlord?Last month, the delinquency rate for mortgages was at an all-time high, with one out of eight homeowners either late or in foreclosure. Across the country, home values have dropped on average anywhere between 8 and 30 percent. And in Atlanta, prices have fallen 12.1 percent, according to the S&P/Case-Shiller home price index. For some, that paints a pretty bleak picture of the housing market. But for others, it looks like a time of great opportunity. Why? Because, compared to their recent values, houses are cheap, and investors looking to hold rental properties for the long term are finding better and better ...
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02.25.09Real Estate RoundupThe National Association of Realtors released today their monthly survey of existing-home sales. The total number of homes sold dropped 5.3 percent nationwide in January to lows not seen since 1997. The total year-over-year fall was 8.6 percent. In the South, sales dropped 5.7 percent for the month and 15.9 percent below last year. The median price of an existing home also dropped 7.4 percent from last year to $152,100. Also, S&P released the latest Case-Shiller numbers yesterday, and they showed continuing declines in home values. Overall, the 10-city index slipped 2.3 percent in December, for a year-to-year decline of 19.2 percent. The 20-city ...
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01.27.09Case-Shiller: Home prices in freefallThe S&P/Case-Shiller Home Price Index has once again fallen to record lows, with the both the 10- and 20-city indexes dropping 2.2 percent in November. That represents year-over-year drops of 19.1 percent and 18.2 percent, respectively - both new record declines. In Atlanta, home prices dropped 2.2 percent in November, and are now showing a one-year decline of 11.2 percent. 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! Steve-O's 4-way, originally uploaded by Lowerlighter.
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01.26.09Existing home sales show surprising monthly gainNationwide 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 ...
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12.30.08Home prices take beatingCase-Shiller Home Price Index data for October 2008: Nationwide: 10-city index is down 2.1 percent for the month, 19.1 for the year. 20-city index is down 2.2 percent for the month and 18.0 percent for the year. Atlanta: 2.4 percent decline for the month. 10.5 percent drop for the year. It's Atlanta's first report of double-digit declines in home prices. Happy new year! 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! EL CHIVO ALI, originally uploaded by szen_volta.