Back HomeAtlanta Snowstorm Strands Motorists for 24 Hours
Atlanta Traffic Map 1-29-14 at 2AM
The snowstorm that came through Atlanta and the southeast on Tuesday January 28, 2014 was still wreaking havoc with motorists at 2:30 in the morning, almost 14 hours after most people left their offices, early, for the day. The Georgia DOT Navigator map, above, shows snarling traffic at 2:46am on Wednesday January 29. Many were stranded with no gas, food, or water and simply abandoned their vehicles on the side of the roadway. The following pictures show what traffic was like approximately 2:30 am on some of the major highways. Come rush hour on Wednesday morning, not much had improved.
Atlanta Home Financing Update
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
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READ MOREMarietta Georgia 30068 Home Sales Statistics Strong
30068
A client of mine who was considering selling his home recently asked me to provide some sales and pricing statistics for zip code 30068, located in Marietta Georgia. The family was glad to see that Marietta Georgia real estate trends were improving and thought it was a great time to list their home for sale. In 2011, there were 377 sales with an average list price of $398,854 and an average sales price of $377,300, a sales price to list price ratio of 95%, a sales price to original list price ratio (taking into account price reductions) of 91% and an average days on market of 130. We would consider this a pretty slow moving market.
READ MOREAtlanta Pocket Listings offer benefits for Buyers and Sellers
Atlanta Pocket Listings
There’s a new catch phrase being circulated in the real estate industry and it’s coming to a town near you. Pocket Listings, or hip pocket listings as they are popularly called, are real estate listings that have not fully hit the market, yet. They are not being advertised in the local multiple listing service (mls) and are usually hidden, secretive, or private offerings available to people in the know. You can almost equate them to an initial public offering (ipo) of stock, available at first, to a clientele and then to the general public once they are listed. Atlanta pocket listings are becoming more and more prevalent as the Atlanta real estate market heats up and we prepare for a recovery in 2014.
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READ MOREAtlanta Real Estate Sales Statistics
During the month of August 2013, Atlanta home sales prices for single family detached residences averaged $244,297 versus $186, 864 in August 2012. Additionally, during August 2013, Atlanta home sales prices for single family attached residences averaged $182,703 versus $143,216 in August 2012. Houses and condos showed significant gains of approximately 30% from the prior year, a very positive sign. Inventory levels for detached single family homes declined about 4% while inventory levels for attached single family homes declined a whopping 29%, year over year for August. See the Atlanta home sales statistical map that provides insight into which areas of Atlanta are selling the fastest and which areas of Atlanta are selling for the most money.
Atlanta home sales statistics
Having been licensed since 1994,
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