The latest report from RealtyTrac stated that 1 in every 570 households nationally received a foreclosure notice. The State of Georgia is ranked number 4 with 1 in every 346 households receiving a foreclosure notice in August. When people hear this news it makes you sink back in your seat and think, "our market sucks…

Here is the latest report from RealtyTrac on the percentage of all home sales that are foreclosure sales. It reflects, by state, the percentage of sales for the 2nd quarter of 2011. The state of Georgia is right up there with an average of 38%. Woefully far from the 4% number in Nebraska (those lucky…

Metro Atlanta or metro Atlanta June is traditionally the peak month for housing inventory. The housing market is seasonal with most homes going on the market in the spring and summer when the highest number of home buyers are searching for real estate. However, inventory levels were higher for every other month this year, so…

If you’re a smart buyer, you are using the recent Case-Shiller report to gain leverage in negotiating with a home seller. And, if you’re an educated seller – you’re disputing that data to defend your asking price. Or better yet, your agent should be doing it for you. The Case-Shiller Index came out and reflected…

I came across this very interesting tool on Forbes.com. It seems that in 2008 more than 10 million Americans moved from one county to another. According to the map, which doesn’t provide actual figures, it seems that most people searching for real estate here in the Atlanta area, and buy a home in Fulton County,…

At least not here in Atlanta….. I know you might not be feeling it right now and I can speak for a lot of Realtors out there when I say it’s a challenging market. Sometimes people look at me a little funny when I say things are getting better, so rather that write out a…

2001 The year that housing prices have “corrected to” in Metro Atlanta, according to Case-Shiller. Click on the image and be sure to check out Detroit!  hat tip Calculatedriskblog.com                Happy Halloween!   On the last day of each month I post a “Big Number” or interesting figure related to real estate in our area.

The most recent home sales data from the Case-Shiller Index shows home values rising for the 17th straight month. The 10-city composite is up 4.1% and the 20-city composite is up 3.2%. Is This Encouraging or Meaningless? Readers of this blog know I don’t like to talk too often about national numbers because each market…

Because I’m on vacation this week I’m slacking on the blog. I have two interesting charts that reflect a positive trend in foreclosure sales and the results due to those declining numbers of foreclosure sales.   In the first chart you see Foreclosures as a percentage of Total Sales. In the 2nd Qtr. 2010 24.4%…

Let me see if I can make this really confusing…. Housing starts nationally for June are down 5% which the media purports as bad news..but I say it’s really good. But the real facts are that single family starts aren’t down that much, which sounds good but I say it’s bad. Confused yet? Stick with…