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  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 me...now, 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...]

Intown Atlanta real estate crystal ball: 3.5 changes coming

CHANGE #1 stable mortgage fees, higher interest rates CHANGE #2 home price stabilization...for the most part Here is one headline grabbing way to look at that issue - from December 2013: http://www.wsbtv.com/news/news/local/study-shows-home-prices-booming-atlanta/ncZFn/ Here is yet another way to consider prices in Atlanta - from February 2014: http://www.forbes.com/sites/erincarlyle/2014/02/25/spcase-shiller-home-prices-dip-for-2nd-straight-month-in-december/ Huh? Who is right? Call me if you want a real analysis of a local neighborhood. Relying on indexes, pricing from years ago, Zestimates, costs of improvements, costs of maintenance, etc. etc. etc. can lead to a false sense of inflated value. CHANGE #3 home price deflation in many submarkets - most analysts have been calling for stable, or flat pricing for some time now, running with the 3-4.5% (depending on who measures it) inflation rate that has been measured for decades. Many factors impact the submarkets … [Read more...]

Before you buy a house in the shifty metropolitan Atlanta real estate market…

Before you buy a house in the shifty metropolitan Atlanta real estate market, consider some of the insights that a few of us recently shared on Trulia Voices. First, let me state – this is the golden age of real estate. Has been for about three years straight. There has not been a better period in recent history that has displayed more pronounced value and affordability, on a macroeconomic scale, than the period that we are in right now. And before you make a decision to buy a house in the shifty metro ATL real estate market consider the following insights from David Crook at the Wall Street Journal. His article on Friday is the best that I’ve seen recently for summarizing where we are right now as a nation, regarding residential real estate. David’s article is entitled: “What You Need to Know Before Buying a House…Yes, the market is looking up. But don't let the euphoria obscure the flashing yellow lights” So before you buy a house in the shifty Atlanta market, think … [Read more...]

Lee Taylor’s mobile real estate app is up

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Lee Taylor’s mobile app is indeed, “up!” The Keller Williams Technoscenti developed personal real estate field research apps for every agent in North America, based on the local search, quick alert tools we all use everyday – as far as I know, there are no other brokerages who have a vast deployment of 88,000 individually branded apps. And, my mobile app is up! Here’s how to navigate the web to get to mine. Please don’t text and drive Mobile URL http://app.kw.com/KW1FZYSUZ You need this code to connect with Lee Taylor’s mobile app! Mobile Text Code KW1FZYSUZ My Agent Code KW1FZYSUZ QR Code – if you feel like a nice clunky scan… Keller Williams Realty provided me with a mobile application, thereby enabling an agent like me to receive a unique URL and text code to share with consumers. When consumers use the app, they can easily search and compare properties and connect directly with their agent of choice about the listings … [Read more...]

Intown Atlanta buyers – rates are going up

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The $187 Billion rescue of Freddie Mac and Fannie Mae. Saved the North American real estate market. Kept rates from going up. Intown Atlanta buyers got bargains through 2012. And Freddie reported a $5B gain last quarter… Now the time has come to dismantle these quasi-governmental gargantuans. And rates are going to go up. And, Intown Atlanta buyers will feel the pinch. So reports the AP last week. Just sabre rattling before the chopping block, I think. I expect the chopping to happen on Obama’s lame duck watch circa the winter of 2015. And once sufficiently rebooted in a few years, there will be a direct effect on the purchasing power of Intown Atlanta buyers. When rates go up, Intown Atlanta buyers will lose some of their current stretchability. And, when rates go up on Intown Atlanta buyers, some Intown Atlanta sellers will inevitably have a “shoulda woulda coulda” moment – they will recall the heady days of Spring 2013 – the fastest market ever in … [Read more...]

A graphic look at 30 year fixed mortgage rates since 1971

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Freddie Mac publishes this on their website. Rate tables going back to 1971. Highest year and month – July 1981 16.83% Lowest year and month – November and December 2012 3.35% Average over the past decade – just 5.6%. That’s a photo of my kitchen, looking as it did circa 1972 with it’s cocoa two-tone Hotpoint appliances, goldenrod wallpaper and nasty green linoleum. Great era for style, huh? Rates were 7.4% in the month of July 1972. Anyone fretting over a rise in rates recently needs to study history and feel a whole lot better about this week’s 4.51%… … [Read more...]