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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 Recommend on Facebook Share on google plus Share on Linkedin Share via MySpace Tweet about...
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 Recommend on Facebook Share on google plus Share on Linkedin Share via MySpace Tweet about it Print for later Bookmark in Browser Tell a friend
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...
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,...
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,...
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,...
Highrise views, new developments and their effect
Over the past few weeks in Midtown the potential for a new luxury highrise rental tower between 5th and 6th on Peachtree has been the talk. Since the curbed.com article came out, many have been asking about the potential for this new glass building. I would find myself fielding calls (early on a Saturday no less) from other Intown Condo Agents on the potential for this to be built. As I have told my clients, yes I was under the assumption that it was zoned for 14 stories, and that the only place we have seen this blogged was in curbed.com. One of my clients just closed on a...
The Atlanta Dining Guide 2014!
As 2014 kicks off, I figured I would denote a few of my top picks in Atlanta. This is perhaps loose, perhaps a little less structured, but should at least have a place or two to put on your short list. Many of my clients are relocating to Atlanta, or are staying in one of my Corporate style, fully-furnished units that I either own or manage. Thus, I figured this would be a great resource for them going forward. Probably the best list that is continuously updated would likely be the Atlanta Magazine list. http://www.atlantamagazine.com/50bestrestaurants/home.aspx That said,...
Atlanta remains the number 1 moving destination
This came out late last week, I was just too busy to post it. Penske’s Moving Division came out and said that Atlanta was the top destination (net inflows of moves) throughout the US for the 4th year in a row. Indeed, with the recent corporate relocations of companies like Pulte Homes, Porsche North America, and others Atlanta remains one of THE growing Metropolises throughout the nation. Here is the link to the article. http://www.businessinsider.com/penske-2013-moving-survey-2014-1 January, with regard to real estate listings, sales, and prices, all have been steady. ...
2014 Begins
2014. And so it begins, the same way 2013 ended. Georgia ranked 5th in the Nation for home price appreciation in November. The Atlanta Metro home prices were up nearly 16% November 2012-November 2013. Atlanta condos for sale are seeing particular interest by Buyers. Within Midtown Atlanta many Condo buildings have seen prices increase over 20% It is not too late to take advantage of this housing correction to the upside. CoreLogic Research predicts that home prices Nationwide will rise 11.5% for 2014. That is the largest increase since 2005. ...
