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Leigh Hays
My Posts/Listings
Pending Home Sales Index Drops in November 2009
The NAR announced on 1.5.2010 that the pending home sales index fell in November 2009 from previous month but remains above last year's numbers. In October 2009 the pending sales index (forward looking indicator based on contracts signed for the month) was 114.3%. November 2009 saw the number falling 16% to 96%. Nov 2009 - 96% is still higher than Nov 2008's 83.1%. The October 2009 surge... [Read more]
Existing Sales – November 2009
South is definitely seeing some improvement and movement in the market. While we will have to wait a few more weeks for the December 2009 numbers - what will be more important is the cumulative numbers for the year 2009.The following information is provided by NAR in their November 2009 update. Data was released at the end of December. The data is for resales. Regional Sales... [Read more]
Lockridge Forest – SOLD
SOLD!!!!!! Great house for sale - 3928 Locklear Court. Priced to sell at $247,000 $239,900. Home has 3 bedrooms, 2 baths (plus 1/2 bath in laundry), sun room, partially finished basement and tons of storage. Home has been well taken care of and has new windows. Lot is very private with mature trees and on a cul de sac. Great Neighborhood with excellent swim & tennis available. ... [Read more]
Cash Buyers Creating Bidding Wars
We saw this quite a bit in 2009 here in Atlanta - foreclosed properties receiving multiple bids. The winners of the bids are often cash offers from investors leaving would be homeowners scratching their heads wondering how to win the bid. Here is a great article from the Washington Post about Cash Buyers Triggering Bidding Wars. There are some great options for folks looking to buy... [Read more]
Georgia Ranked in Top 10 of Best Business States
Forbes rated the top States for Business and Georgia ranked #6. Despite the economic woes we are feeling - this is great news and will hopefully lead to more businesses finding their way to our state. And certainly some positive news for Georgia. Forbes used several different sources and based their rankings on 6 different categories. The Forbes article is here and has the details on the category... [Read more]
Federal Housing Tax Credit – 2009/2010
Great news for buyers and sellers! The Federal Housing Tax Credit has been amended and extended. In addition to credits for first time buyers, there is also now a credit for move-up buyers. FIRST TIME HOME BUYER CREDIT: $8,000 tax credit for first time buyers - which is defined by IRS as someone who hasn't owned a principal residence during the three years prior to this purchse. Tax credit... [Read more]
3859 Peachtree Dunwoody Rd – NEW LISTING
NEW Listing - 3859 Peachtree Dunwoody - in Buckhead. Renovated and ready for move-in! Home is listed for $499,000 $485,000 and is an amazing value. Open floor plan with 4 beds, 3.5 baths - plus office/sundroom or 5th bedroom & basement den. Home has new baths & new kitchen - including stained wood cabinets, granite counter tops, tile back splash& stainless steel appliances. ... [Read more]
Candler Park Fall Festival ’09
This weekend - October 10th & 11th - is the Candler Park Fall Festival! Saturday at 9am ~ the annual 5K kicks off the festival. The course is through Candler Park and you can still run - entry fee is $24 and all proceeds benefit the Candler Park Neighborhood Association. Bands throughout Saturday & Sunday - click here for the music schedule. Activitiest for the kids. On Sunday... [Read more]
Low Interest Rates Still Available
WOW - interest rates are still low. It is a great to buy! Interest rates from SunTrust Bank: 30 year fixed Conventional 4.75% FHA/VA 4.75% Jumbo 6.125% 5/1 ARM Conventional 3.375% FHA 3.375% Jumbo 4.5% And if you are a first time buyer (or haven't owned in 3 years) you still have time to take advantage of the $8000 tax credit! Read More →
Economists Predict Atlanta as Place for Home Prices to Increase!
Moody's economists report to Forbes.com the recovery of the real estate market. Some analysts are predicting the National market to hit bottom by mid 2010. Predictions indicate that from 2009 to 2014 - an 11.35% increase in prices. Good news indeed! It is a great time to buy with LOW interest rates and LOW prices. Here is the full Forbes.com article. Read More →
