The Archives
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12.01.08How long until we reach bottom?According to economist Mike Shedlock, and based upon data from Japan, the housing market won't hit bottom for another seven years. 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! Number 7, originally uploaded by HelenPalsson.
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09.24.08Existing home sales slide 2.2% in AugustThe sales of existing homes fell again in August after a slight gain in July according to the latest report by the National Association of Realtors. Nationwide, last month’s home sales fell 2.2 percent from July and were 10.7 percent below August 2007. The national median existing home price also fell in the past year from $224,400 to $203,100 – a drop of 9.5 percent. In the south, existing home sales actually increased 0.5 percent, but were still 15.1 percent off of last year’s pace. The median home price was $176,500, which is 3.4 percent lower than August of 2007. The NAR has been ...
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06.17.08New home construction falls in MayAccording to a government report released this morning, privately-owned housing starts dropped in May to a new 17-year low with the U.S. Department of Commerce reporting housing starts slipping 3.3 percent from April to a seasonally-adjusted rate of 975,000. Economists surveyed by Briefing.com had expected housing starts to decline to 980,000. Privately-owned starts include single-family residences as well as multiple-unit buildings. Single-family housing starts in May declined 1.0 percent nationwide below April’s figure, also setting a new record low. It was also the fourteenth-straight month of declining single-family starts. In the south, however, single-family starts increased 2.9% from last month, although they were still ...