Archive for February, 2012

For the seventh month in a row, January’s figures saw residential property sales rise, according to a RE/MAX housing report. In comparison to early 2010, real estate sales are now 3.4% higher.

Along with the sales rising, there is noticeably less inventory, as new construction has remained stalled in places like Atlanta. If the trends continue with sales picking back up, it’s quite possible that we could see home prices begin to rise again. The Atlanta movers are excited to share that Atlanta was among the areas that saw the highest jump in sales, with sales up 26.3%.

Hopefully soon we will see new construction pick up, so that not only will there be more housing available to balance supply & demand, but to also offer work to contractors, builders, architects and other careers that were negatively impacted by the collapse of the real estate market.

Back in 2007, the Atlanta residential real estate market was over-saturated with 110,000 homes for sale. Now, five years later, the tides may be turning on the real estate industry in the Atlanta area–to the point where it may be dubbed a seller’s market. If you’re serious about moving here, the Atlanta movers want to encourage you to get a jump on the market before it’s too late.

At current press time, the Atlanta residential real estate market is offering 60% less homes in the metro Atlanta market. That’s roughly 46,000 homes listed in the MLS. A place like Atlanta has seen few new construction projects, and is home to roughly 5 million people. Figuring in those factors, its understandable that under 50k in homes won’t go very far.

According to recent reports, home buyers in Atlanta can breathe a sigh of relief in regards to the local economy. The Federal Reserve recently announced that interest rates will stay at their low level through 2014. In keeping with the interest rates, there is also the unemployment news–rates are down! But that isn’t all–here in Atlanta, the home price index has increased (though slightly) over the last 3 months. While it may be premature to say, it seems a go that the Atlanta market is on the road to recovery.

The Atlanta movers want to encourage potential home buyers to strike while the iron is hot and take advantage of the low interest rates. Though they’ve been extended through 2014, that doesn’t guarantee the volume of inventory available today!

Here at the Atlanta movers, we love keeping our readers informed of local events and happenings. This March, the 24th Annual Hunter Hotel Conference will be coming to the Atlanta, Georgia Marriott Marquis Hotel. The Hunter conference is one of four major annual hotel industry conferences.

The Hunter conference focuses on hotel owners, real estate and finance. Keynote speakers include Tom Corocran, chairman of FelCor Lodging Trust, which currently owns 76 hotels. There will be a total of 100 conference speakers throughout the entirety of the event.

If you’re interested in attending the conference, visit www.HunterConference.com.

The real estate market keeps taking blows, and the most recent is from the mortgage industry. The new record low for 30 year fixed mortgages, 3.87 percent, is the ninth “lowest” rate in the past year. Basically, the numbers keep dropping. And for a 15-year fixed mortgage? Another record low, at 3.14 percent.

Here in Atlanta, we are no exception to the trend. With loan qualifications increasingly difficult, job loss increasingly common and an abundance of foreclosed homes permeating the market, it seems the condition of the real estate industry is steadily getting worse. The whole industry is suffering in terms of value. So what to the Atlanta movers feel about it? We need a way to inject faith into homeowners, buyers and builders. Who knows how long it could take to re-instill hope in the industry, but we feel 2012 just may be the year that everything falls back in to place.

While the entire country has been battling with a floundering real estate market, cities notorious for poor real estate investments didn’t take the cake in 2011 for the weakest real estate market. In fact, the “winner” in that department is right here–Atlanta. The Atlanta movers hope we can get our local economy turned around in 2012.

Residential real estate took a blow, and the price of homes was down about 12 percent compared to 2010 figures. That make Atlanta the biggest decline in the nation. Paired with the housing market is the significant Atlanta unemployment–an above average 9.2 percent.