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Truncate the “blog”


  NAR stats tell me that real estate blogs in general do not deliver the highest level of engagement nor the highest level of "impressiveness" in the minds of the consumer. Says so in their recent "Generational Trends" report. So, I stopped "blogging" months ago. Maybe years ago...with any vitality. Why? Because, I'm too busy to write great content to the worldwide web. If you need a Lee Taylor fix then link over to my Trulia Q&A - 1812 answers to real estate questions posted between December 2007 and earlier this year, or round about the time when Trulia became way less interesting to, I still love Trulia - the best real estate 3rd party syndicator that there is. Best graphics. Best thinking. Beats Zillow's hype every time in my book. Still, less interesting to me as an "online savvy" Realtor, even when I know that over 52,000 Trulia profile views can't be wrong. June 23. Almost halfway through another year of sales and I must admit I do not miss … [Read more...]

Market in a Minute reports available


  For the Week Ending January 16, 2015 Shelter Mortgage writes a vivid little weekly report on what’s happening this week in the housing and financial markets. I wondered if I could cut and paste it. i can! Look for these Market in a Minute reports as often as I can post them.The banker joke at the end is classic! Fed commentary on the economy shows moderate growth and more consumer spending. If correct, policy rate increases could occur this spring. December's employment report supports Fed findings. Again, if strength continues, the Fed could raise the policy rate this spring. In contrast, December's retail sales (released after the Fed's info was gathered) dropped unexpectedly. Negative economic news can help keep rate increases at bay. FHA is lowering its Mortgage Insurance Premiums (MIPs) by 0.5%. The move is expected to save the average FHA borrower $900 per … [Read more...]

2015 Appraisal time bomb for Intown Atlanta


Appraisal changes - some call it a time bomb. The video link in this email is VIVID, very real world and worth watching if you intend to sell or buy property in Intown Atlanta in the future. Maybe because many of us know how much of a hassle it is when real estate transactions don't move as fast as we would like for them to move. So, an appraisal time bomb . For Georgia. Intown Atlanta. You ready? That's what my friends at Shelter Mortgage call it. Mark Moore sent me the following this morning in an email entitled "Appraisal Time Bomb:" "The easiest way to understand it is to watch the short video below. Return to this post after viewing for action items. Here is a post that features a provocative video from some astute, been there and done that real estate folks. So what does this mean for you and what should you prepare for? Start allowing LONGER appraisal contingency times and if it is your listing, please accept longer times until the industry gets used to … [Read more...]

FHA loan limits will rise in Georgia – expect a sales spike in 2015

Hot first time buyer zip codes will likely see a 15-20% increase in sales in 2015, when FHA loan limits increase. Currently in Metro Atlanta and the  surrounding counties the FHA loan limit is $320,850.00 this will increase to $342,700.00.  This will include the following counties: Fulton, Barrow, Bartow, Butts, Carroll, Cherokee, Clayton, Cobb, Coweta, Dawson, Dekalb, Douglas, Fayette, Forsyth, Gwinnett, Haralson, Heard, Henry, Jasper, Lamar, Meriwether, Morgan, Newton, Paulding, Pickens, Pike, Rockdale, Spalding and Walton. For other counties in GA it should remain at $271,050.   FHA ANNOUNCES NEW LOAN LIMITS TO TAKE EFFECT JANUARY 1ST  2015 Loan limits for highest and lowest cost areas to remain unchanged WASHINGTON - The Federal Housing Administration (FHA) today announced the agency's news schedule of loan limits for 2015. These loan limits are effective for case numbers assigned on or after January 1, 2015, and will remain in effect through the end of the … [Read more...]

Buying in Atlanta is 52% cheaper than renting

W Downtown at WET

Trulia's "Rent vs. Buy" index once again credits Atlanta as a healthy city for buying in lieu of renting. Dollar for dollar, it is 52% cheaper to own and maintain a residential property than it is to lease a similar residential property. Phenomenally, other leading RENT cities like Chicago and NYC have become cheaper BUY cities - it is 22% cheaper to own vs. rent in NYC, and 47% cheaper to buy in Chicago. Those numbers have changed a lot in the past few years. Atlanta's numbers have always screamed BUY! That's why so many REITS, hedge funds and corporate investors swallowed up most of the stagnant, dirt cheap, distressed inventory in Georgia during 2012 and 2013... These statistics have been consistent in Atlanta for decades. The entire city by city report, from Trulia's Chief Economist Jed Kolko, can be found at this link. Trulia is, in my opinion, the best consumer website on the internet - the kind of work that they do in this index is one of the reasons why I … [Read more...]

First time homebuyers – carpe diem!

First Time Homebuyers - Carpe Diem!   The two charts from Trulia below offer a close up look at my neighborhood of 30033 North Decatur, and compare it with the 5 zip codes that comprise "greater Decatur." The Decatur example can be easily compared to other parts of metro Atlanta - the trends look similar. Here are the facts: 1. every year, prices and activity decrease in the winter months - veteran real estate owners and investors know that...these charts do not lie 2. sales volume and sales prices peaked in the Summer of 2006 3. The Intown Insider bought a Decatur townhouse at the bottom of the market, in the Autumn of 2010, and sold it for a tidy profit in the Summer of 2014. 4. Prices go up, then they go down, quarter by quarter, year by year - the Winter months are always a solid time to take advantage of ample supply, and less demand 5. Rates remain so low, we truly are in a "Golden age of real estate" While many signs continue to point to an economic recovery, housing … [Read more...]