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Condos for Sale in Atlanta GA

A new study on Renting vs. Buying Nationwide. Again Atlanta comes out as a Buy!

This study was published last week.   And although I consider it somewhat flawed since it tracks absolute dollar differences, as opposed to percentage differences, it still has relevance.      With the dollar differences, the larger cities like NYC and more expensive markets like Hawaii are of course going to be more expensive to own, especially when looked at in terms of absolute incremental dollars, as opposed to percentages.   Nevertheless, a friend sent it to me and said I should publish it, thus here it is.   http://www.marketwatch.com/story/rent-or-buy-this-map-has-the-answer-2014-04-18?link=sfmw_fb  

A new study on Renting vs. Buying Nationwide.  Again Atlanta comes out as a Buy!

Opening price point high quality alternitives to renting in Midtown and Downtown

As many know I moved to Atlanta about 6 years ago.   I had negotiated for 3 months of corporate housing, and after my first few weeks here I set out to look into housing options.   What I found at that time was that the rental markets in both Midtown and Buckhead were quite expensive.  I had predetermined that Midtown made the most sense for me.    I really don’t know why I was so quick to shun Buckhead.    At the time I think it was really just mostly the walkability aspect.     Perhaps it was the early experiences in Atlanta.  Staying at the Intercontinental Buckhead, I...

Opening price point high quality alternitives to renting in Midtown and Downtown

Introducing ATL Condo Deals’ newest agent…Jennet Lemma!

Jennet Lemma, CPA is the newest member of ATL Condo Deals team. She has a background in corporate accounting and finance. She has been a resident of Atlanta for the past 8 years and has a passion for the city and what it has to offer. She focuses on the sales and rentals of condos, townhomes, and houses in Downtown, Midtown and Buckhead areas. Jennet believes her role as an agent is first and foremost to understand her client needs. She strives to make the house buying process as informative and smooth as possible. ATL Condo Deals strives to nurture its team members with a constant supply of high...

Introducing ATL Condo Deals’ newest agent…Jennet Lemma!

People are flocking to cities worldwide at a faster pace then ever.

I found this research today on America’s top 100 Metropolitan areas.      It made me reflect on how 15-20 years ago as the internet was first exploding many pundits said that the advent of the networked economy, coupled with Starbucks expanding to distant suburbs would make the Metropolitan experience less relevant.    Couple this trend with things like HD TV for sports (they said who will go into town for the games), and the emergence of the suburban downtown renaissance and many figured the urban metro experience was going to be all but dead. Fast forward to 2014 and in looking...

People are flocking to cities worldwide at a faster pace then ever.

The latest S&P/Case-Shiller Index report. National home prices +10.8% over last year

Price continue to run, though at a more measured pace when compared to some of the insane year over year numbers that were noted last year.   An improving economy, lower interest rates then last year, and housing at a historically affordable level will continue to fuel the markets assent.   Particularly in Atlanta where I would argue the economy is stronger then much of the rest of the country. http://online.wsj.com/articles/home-prices-in-20-cities-up-10-8-on-year-case-shiller-index-says-1403614852

The latest S&P/Case-Shiller Index report.  National home prices +10.8% over last year

The National housing market: Owning versus renting

A nice numbers based article on owning versus renting.  It is interesting to see how the author notes it had actually become relatively cheaper to lease a home from 2011 to 2013.     His opinion on tougher lending standards is largely correct, though perhaps less relevant to the Atlanta market. http://www.marketwatch.com/story/the-housing-market-owning-versus-renting-2014-06-24

The National housing market: Owning versus renting

State of The Union: Summer 2014

June 20th.  Summer has started and the housing market remains strong with Condominiums and Lofts very much in demand.    The Intown property market for Single Family also continues to gallop ahead at a breathtaking pace.     Clients of mine who have purchased new construction Single family starter homes and Duplex units are now seeking their homes worth up to $100k more then what they paid just this time last year.     Many of my Condominium Buyers of $200-400k units are also up $40-50k in the past 12-18 months.     In such a lackluster economy how has this price appreciation taken...

State of The Union: Summer 2014

Foreigners racing to buy American Real Estate

Everyone wants in on the US Housing Market. The yield returns are here! I routinely speak to many investors from places like China, Isreal, and India and in all of those markets price appreciation is really the sole source of income. Here in the US yields, excluding price appreciation, routinely are in the very high single digits if not more. ATL Condo Deals is here to help those who wish to exploit the opportunities currently being presented by vast amounts of foreign money flooding the market.     This coupled with a lack of new supply, and an improving economy with more and more Buyers,...

Foreigners racing to buy American Real Estate

The housing market, picking up steam yet again. And other ramblings….

The housing market was relatively tame.  In fact tamer than normal for the slow periods of January and February.   As this article points out, those who came out of the woodwork when the interest rates declined, have noted another jump in prices.   In daily discussions with other brokers, we talk through different buildings and when they are breaking out in value.   In same cases, like one of my current listings, it is just a matter of a new contract price, and more importantly its appraisal, sticking and closing.   As these continue to close and prices per square foot make new highs,...

The housing market, picking up steam yet again.   And other ramblings….

Spring 2014 Midtown Glass Highrise Update

Well 2014 is moving right along.  Although it did in fact start slow, the market has seen a ramp-up over the past 30 days.   The poor weather, and interest rates that had started to creep up in January likely put a damper on Buyer’s spirits.     Rates have since come down, thanks to the Ukraine struggles, and people are back in the business of buying hard assets.   In this case Condos.  Working with a number of Midtown Buyers now I have a real good pulse on how the market is trending.      Looking in the system today.   There 100 units listed and pending for Viewpoint, 1010,...

Spring 2014 Midtown Glass Highrise Update

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