georgia real estate

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Atlanta Real Estate Market and Financing Update

Credit Scores by State

Credit Scores by State

The following is a guest blog from Jeffrey Heckman and Joanne Rotella with Shelter Mortgage Company and does not necessarily reflect the views of GeorgiaMoves.com

1. Mortgage rates pushed lower last week and the main reason was that investors in Japan and China bought US bonds. They did this because Japanese and Chinese currencies have recently weakened versus the dollar making the safety and security of US bonds attractive to investors in both countries.

2. January New Home Sales unexpectedly shot up 10% from December to an annual rate of 468k units. This was the highest level since July 2008. January Pending Home Sales also posted a slight increase.

3. Per FICO, the average credit score in the US is down to 634. At first glance, this is a

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Atlanta New Construction Faring Well

Search all Atlanta new construction

Search all Atlanta new construction

 

Builders…..if your credit isn’t shot, there’s lots of money to be made in the Atlanta real estate market. With inventories of new construction and resale homes at historically low levels, a well built and reasonably priced home shouldn’t take long to sell.

As of 2/7/14, there were  2228 newly built metro Atlanta homes for sale and 28630 resale homes for sale in metro Atlanta. There were 1065 newly built metro Atlanta homes under contract and 10827 resale homes under contract in metro Atlanta. In 2013 there were 5785 new metro Atlanta homes sold and 61577 resale homes sold in metro Atlanta. In 2012 there were 5329 new metro Atlanta homes sold and 61862 resale homes sold in metro Atlanta. In 2011 there were 4933 new metro

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Atlanta Home Sales Statistics for the Past 2 Years

Check out our interactive metro Atlanta home sales statistics, new listings, and contracts by month for the past 2 years! Have any questions or need specific statistics for your area of town? Give us a ring or send us a comment! At The Levine Team, we know our stats!

 

Thinking of selling your metro Atlanta home? Click here to learn more about the author, top producing RE/MAX Realtor, Craig Levine!

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Atlanta Subdivisions – Search Atlanta Homes for Sale and Atlanta Home Sales Statistics

 

Georgia Homes

 

 

We have just updated all of the Atlanta subdivision and Georgia subdivision sales statistics for 2013. Check out one of our great new websites, GeorgiaHomes.me , where you can see how well subdivisions performed in 2013. Don’t see your subdivision listed? Send us an email and we’ll research how well homes have been selling in your neck of the woods.

You can also search all metro Atlanta homes for sale and all Georgia homes for sale.

 

     Having been licensed since 1994, Craig Levine brings to your real estate deal a world of experience, cutting-edge technology, negotiating savvy, and exemplary service. With Century 21 in Atlanta, Craig was the #2 agent in the #1 office in Georgia in 1998, 1999,

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Atlanta Home Financing Update

ATLANTA HOME FINANCING

ATLANTA HOME FINANCING

 

The following is a guest blog from Jeffrey Heckman and Joanne Rotella with Shelter Mortgage Company and does not necessarily reflect the views of GeorgiaMoves.com

 

1. Metro Atlanta foreclosure notices were down 56% in January from the same month a year ago and are now down to the lowest level since June 2003, according to the AJC. Fewer foreclosures should support higher prices.

2. When it comes to rates, fewer things are more important than inflation. The Consumer Price Index (CPI) and Producer Price Index (PPI) reports released last week both confirmed that inflation remains tame. Core CPI was just 1.7% higher than a year ago and well below the Fed’s target level of 2%, while Core PPI was even lower at 1.4% on an annual basis.

3. Did

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