June 2009

Peachtree Hills Home of the Day

Monday, June 22nd, 2009 at 10:07am. 391 Views, 0 Comments.

One of Buckhead's coziest cottage neighborhoods is called Peachtree Hills which lies east of Peachtree Road.  Its eclectic, mostly craftsman homes are a kaleidoscope of color, with intimate gardens and innovative fences and walls. 

Our home of the day is a custom craftsman located on Shenandoah which has been reduced by 100k. It is a perfect example of the Peachtree Hills bungalow and offered at a great price.

Please call us with any of your real estate needs and we will be happy to help you search for your perfect neighborhood.

Atlanta Market Trends Reversing

Wednesday, June 17th, 2009 at 1:34pm. 353 Views, 0 Comments.

A man named Andrew Lang once said: "He uses statistics as a drunken man uses lampposts -- for support rather than for illumination." Although it is true that statistics can be misread or manipulated, they are also extremely helpful in determining market trends in the Atlanta real estate market. I study these numbers constantly so that I can better assist and advise my clients. Our market is changing and below is a summary of recent price trends for single-family homes in Fulton, Cobb, Dekalb, and Cherokee counties. This chart shows statistics for homes sold from May of this year. It shows that nearly 1800 homes sold for an average price of nearly $234,951.

Interest Rates Spike to 5.5% then Drop Slightly

Monday, June 1st, 2009 at 11:20am. 352 Views, 1 Comments.

If you were watching the markets last week, Wednesday was not a good day for interest rates. At one point traditional rates reached as high as 5.5% percent and jumbo rates (for loans above $417,000) reached 8% for some lenders, higher than they have been in months. By about 4pm EST the rates had become so volatile that many banks effectively shut down the ability to lock-in a rate for those applying for loans.

Fortunately, the last few days have brought a bit more stability though rates are still hovering around 5%. Last week’s scare has many wondering if we’ve seen the bottom of interest rates in this market. With prices at historic lows and interest rates remaining low for the time being, I would not waste any time if you’re considering purchasing a…