housing market
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...
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...
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. ...
Atlanta home price continue to rise
The Case Schiller Index numbers for July came out today. Atlanta was 5th out of the 20 cities in terms of year over year growth. At +18.5% for the Metro Area, times are good for those who own Real Estate. The inventory of condos, and homes is down significantly from last year. See the link below and the attachment within it for the details: http://www.housingviews.com/2013/09/24/home-prices-steadily-rise-in-july-2013-according-to-the-spcase-shiller-home-price-indices/ This week mortgage rates have moderated for the first time in weeks. The 30 year on a good day has come...
The 2013 Fortune 500 List – Atlanta Companies and what they mean for Real Estate
A few weeks ago I received my copy of the 2013 Fortune 500 in the mail. Only today while killing some time at Grindhouse Burgers in Buckhead was I able to get a good look through it. Before delving into 2013′s list and what it means for Atlanta let offer some background with regard to my thoughts on the list, the companies and what they can mean to a local real estate market. Let me first start by mentioning my thoughts six years ago, when abandoning NYC in 2007 I told my many friends in California and New York about how Texas was leading the nation not only in new job growth,...
State of the Union- Market Update Q1 2013 – Up, Up, Up and Off to the races!
So where shall I begin. The Atlanta Real Estate market is now for sure up, up, up and away. A little less than 4 years ago I left a solid track record of corporate jobs and decided to dive into Real Estate as both an Investor and an Agent full time. The move was somewhat risky at the time, but would prove to be both exciting and at very least something new. Fast forward to 2013 and last year I was the top producing Agent out of a firm of over 100. My knowledge, expertise and care with regard to my client’s needs has helped me attain my role as one of the top...
Considering investing in Atlanta condo? These buildings still have Lease Permits!
OK, so many of you have come to me asking about investment highrise units, and even midrise condos intown. This is a recap of what is left to purchase out there for investment purposes. Basically most all buildings sold out are at their approved HOA mandated 25% rental cap. You see, if you are coming from Philly, or NY, or Boston, you may not understand the way our condo system works down here. Basically most buildings in Atlanta work very hard to ensure that the atmosphere does not turn into a bunch or renters running wild ruining the amenities and creating...
State of the Union June 2012
OK, so yes, Summer 2012 is here! Most segments of intown real estate bottomed out last year. Specifically, intown condo and attached properties up to around $300K have rebounded strongly. Of course, a large percentage of sales in and below the $100K range are cash. In my business, I am seeing most of my lower-tiered sales below $100K are cash. This is very reflective of the market as a whole. In general, properties at these levels are frequently plagued by poor appraisals, HOA/FHA/Building lawsuits, or assessments, so cash is often the only way to get a deal through at those levels since...
