2015 Georgia Housing Market Predictions

Georgia Housing Market

According to neighborhoodscout.com home appreciation rates for Georgia real estate have been some of the most stagnant in the country for the last 10 and 25 years. And according to the National Association of Realtors, Georgia is 1 of 10 states not yet caught up with others in the housing recovery. Realtor Howard Flaschen states that a reason that Georgia may not be seeing full housing recovery might be simply be because of tight mortgage credit. … [Read more...]

Foreclosures Rise 18%

The epidemic of foreclosures is rising, according to newly released figures from RealtyTrac, despite a slight slowdown in activity during the month of May. Year over year foreclosures rose 18%. Foreclosure filings, including default notices, scheduled auctions and bank repossessions were reported on 321,480 properties during the month, a decrease of 6% from April. The drop apparently developed as a result of moratoriums on foreclosures by the … [Read more...]

2013 Georgia Housing Market

Real estate prices in Georgia hit bottom and are beginning to climb slowly but surely as the state emerges from the economic wreckage of the Great Recession. In a March Marketplace Money article (“Atlanta real estate: Peachy keen or sour grapes?”), Atlanta Realtor Deborah Gilmore said, “we do have a heartbeat now. We had flat line for quite a while, but we are beating. That's good news. Certain areas of Atlanta, where high-end is predominant, … [Read more...]

Bulk Government Foreclosure Sales Start

By Mike Colpitts The U.S. government is starting to sell-off its massive over-supply of foreclosed homes to investment equity firms at major discounts in a controversial trial program that could result in the future sale of hundreds of thousands of similar homes for pennies on the dollar. The Federal Housing Finance Agency (FHFA) announced the start of the sales under a pilot program in the hardest hit metropolitan areas, including Los … [Read more...]

2010 Georgia Housing Market

Home sales are sliding in Georgia and foreclosures are climbing as markets are hampered by high unemployment, despite some of the lowest mortgage rates in history. But the housing market poses the best buyers market in more than a decade for those looking to get into a home. Despite rising home sales prompted by the federal home buyers’ tax credit in the early part of the year, values on homes are deteriorating mainly because of the … [Read more...]

States Rip Off Foreclosure Victims

By Mike Colpitts Almost $1-billion targeted to victims of banking foreclosure fraud is being ripped off from foreclosure victims to be used to pay for other programs for states facing serious financial deficits. The nation’s largest five banks agreed to pay a $25 billion settlement as part of their agreement to settle allegations of illegal forgeries and other frauds in the robo-signing scandal. However, only $2.5 billion is dedicated to … [Read more...]

Top 10 Real Estate College Towns

Investors and parents shopping for rentals for college students might realize a sharp increase in rents when students go off to college this fall. Rents on homes and apartments rose an average of 4% in the U.S. in the last year, and higher rents are expected. Realtor.com released its second annual round-up of the top 10 college towns to consider investing in real estate. Topping the list are Boston, Massachusetts and Washington D.C., which … [Read more...]

Home Price Appreciation Jumps 2.5% for Year

By Mike Colpitts For the fourth straight month home values have increased in appreciation across the U.S., according to real estate research firm CoreLogic. Prices increased 2.5% in June compared to a year ago in the 100 largest metro areas the company tracks. On a month-over-month basis, including foreclosure and short sales, home price appreciation rose 1.3% in June compared to May 2012. The company’s forward looking Home Price Index shows … [Read more...]

5 States Sustain Half of Foreclosures

By Ryan Jackson Nearly half of all foreclosures in the U.S. were in the five hardest hit states in the nation during June, with California, Florida and Michigan sustaining the highest number of failed mortgages, according to real estate research firm CoreLogic. Texas and Georgia also suffered major losses in terms of foreclosed properties. Combined, the five account for 48.4% of formal lender repossessions. Most of the same states have … [Read more...]

Olympics Trigger Huge Boom, But Little in Home Values

By Ryan Jackson Six cities that hosted the Olympics in the last quarter century have experienced huge construction booms with new projects needed to house the games, but the majority found little appreciation in home values or other property inflation following the games. In fact, three of six Olympic cities, including Los Angeles and Atlanta experienced negative impacts on home values following the Olympics. Calgary also saw its housing … [Read more...]