Atlanta Real Estate 
The complete guide to buying, selling and investing in Atlanta real es
There are currently 34 blog entries related to this category.
Timing The Atlanta Market
Tuesday, December 29th, 2009 at 5:06pm. 212 Views, 2 Comments.
The Case-Shiller data for October was released today.
Good news first: seasonally adjusted data shows a 5th consecutive increase for nationwide home prices.
Now the bad news: continued weakness in the Atlanta market with -.2% month over month; -8.1% for the year and a whopping -19.6% since the peak of the market in April of 2007.
The good, the bad and the ugly news: depending on whether you're a buyer/investor (good), seller (bad) or lender (ugly) we have seen prices this low since May of 2001.
| Market | MoM Change | YoY Change | Date of Max | Change from Max | Prices Last at This Level in… | Consec. Mos. of Increase |
| LA Area | 0.7% | -6.3% | Apr-06 | -39.0% | Sep-03 | 5 |
| San Diego Area | 1.1% | -2.4% |
The Year In Atlanta Real Estate
Sunday, December 27th, 2009 at 9:12am. 223 Views, 1 Comments.
An optimist stays up until midnight to see the new year in. A pessimist stays up to make sure the old year leaves
Now that Christmas (and 2009) is behind us, it's time to look at "the year that was" for Intown Atlanta real estate. The vast Intown market requires we chunk this data down to more granular levels. It's only there, in the market-by-market comparisons, that information like this is of value.
But to keep things simple and to lay our foundation it makes sense to take a macro view of the entire market. From there, we can break out individual neighborhood markets in subsequent posts.
What are we looking at?
Today, we'll look at the how 2009 compared to 2008 for the overall Intown Atlanta marketplace - that's 34 zip codes.
We'll…
The Free Ride Is Over
Thursday, December 17th, 2009 at 11:03am. 167 Views, 0 Comments.
Remember last year when all the banks - the big banks - were going broke and we gave them like $700 billion with zero interest and no strings attached so they would have some money to lend back to us at between 6% and 30% interest? But we had to do it ... to avoid a world wide financial market meltdown! - Jon Stewart
| The Daily Show With Jon Stewart | Mon - Thurs 11p / 10c | |||
| Clusterf#@k to the Poor House - Flight Delay | ||||
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2009 Atlanta Foreclosure Report
Monday, December 14th, 2009 at 5:18pm. 216 Views, 0 Comments.
According to the most recent report from Equity Depot (an Alpharetta based firm), the Atlanta real estate market had a record setting 117,107 foreclosures notices filed in 2009. That's a near 50 percent increase over the previous record in 2008.
The report goes on to disclose a 10 percent increase in foreclosures compared to November (month over month) and ... get this ... a whopping 77 percent increase over December 2008 (year over year).
Gwinnett county led the pack with 2,074 foreclosure notices, close behind sits Fulton county at 2,006 notices. Dekalb county figures came in at 1,568, Cobb at 1,203 and Clayton lagging behind major metro counties with 866.
Fulton county ended the year with 24,609 total foreclosures.
Unbelievable. …
Taxation Without Representation
Sunday, December 6th, 2009 at 10:48am. 290 Views, 0 Comments.
In the wake of the 2008 real estate meltdown lies Georgia's property tax system - in shambles.
Atlanta Home Values have plummetted but, as the AJC reports today, county tax appraisals are not along for the ride down.
In examining 550,000 residential property tax records in 5 major Metro counties (Fulton, Dekalb, Gwinnett, Cobb and Clayton) it was determined county appraisals are higher - in some cases, much higher - than your property is now worth.
What Does This Mean For You?
In simple terms it means that you are, quite likely, being taxed on value your Atlanta Home no longer holds. I'm sure this comes as no surprise. Afterall, 2009 Atlanta property taxes have been due for some time now. And if you were alive and owning Atlanta real…
Failure
Saturday, December 5th, 2009 at 6:24am. 204 Views, 0 Comments.
Our environment, the world in which we live and work, is a mirror of our attitudes and expectations.
Earl Nightingale
Here, sipping my morning coffee and digesting the news of more Georgia Bank failiures.
What's striking isn't that more banks have failed.
Truth is, I've come to expect news like this.
And that, to me, is the more compelling story.
It's there, in my approach, that work can be done and change happens.
The If and When of Recovery (video)
Tuesday, November 24th, 2009 at 6:31am. 240 Views, 8 Comments.
It's worth taking a look at this recent Wall Street Journal interview with Real Estate expert John L. Burns.
Mr. Burns confirms a lot of what I've been predicting for months now for the 2010-2011 Atlanta real estate market.
In the video he explains why FHA loans and migth contribute to a prolonged recovery.
Here are a few reasons why 2010 will not be the year of recovery:
**We are likely to see what economists refer to as a ‘W’ shaped recovery…recent news and the surrounding economic environment supports us being in the first leg of the "W"… going up (only to come back down in 2010)
**FHA, with it's monstor growth (2% of the market in 2007 to over 23% right now), has become the new ’sub-prime’
**Without continued government intervention…
The Market Is What The Market Does
Monday, November 23rd, 2009 at 9:19pm. 216 Views, 0 Comments.
There are a number of ways to analyze exisiting homes sales. Today I'm looking at comparative monthly homes sales not "seasonally adjusted".
So what you're looking at here is a graph that shows monthly existing homes sales from 2005 to 2009. And what you're seeing is that for the 5th straight month, sales are higher in 2009 vs. 2008. And for 2 consecutive months now we've seen sales higher in 2009 vs. 2007.
Why the improvement? It goes without saying many of these sales can be directly attributed to first time home buyers storming the market to take advantage of the $8000 tax credit. Though now extended through April 30th 2010, the original deadline was November 30th. The mad dash to beat the expiration this month certainly played a role in…
Selling More Atlanta Homes For Less
Monday, October 26th, 2009 at 9:56pm. 125 Views, 0 Comments.
Recent pending sale data taken from FMLS (FirstMLS) shows a sustained upward trend.
Atlanta Foreclosures Hit New Record High
Monday, October 5th, 2009 at 1:00pm. 491 Views, 1 Comments.
The number of Atlanta foreclosures hit a new record in September with 12,207 foreclosure notices filed in the 13-county area that is Metro Atlanta, according to Alpharetta-based Equity Depot. (www.equitydepot.net).
That's an increase of 22% over August when 9,930 foreclosure notices were filed with the courts and 282 more foreclosures than the previous record of 11,925 set in June of this year.
This moves the total number of foreclosures notices at 87,679 for the year - a new record for a 12 month period and we've still got 3 months to go. The previous 12 month record was set in 2008 with 79,484 foreclosures notices.
Fulton County led the 13 county area with most foreclosures in September at 2,666; edging out Gwinnett County which followed with a…
Real Source Blog
That's me (Joshua) on the left. Ok ... a little about me in an extremely limited series of words: Thinker of thoughts. Writer of words. Consulant of Real Estate. Seller of homes. Obsessed with systems and marketing. One-fourth of "TeamRSB". This is our blog (aka "web log"). You can check us out here too:
