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Leigh Hays
My Posts/Listings
7020 Foxberry Lane – Roswell
SOLD!!!! Great new listing in Roswell! $239,900 - 3 bedrooms/2.5 baths. GORGEOUS newly installed cherry hardwood floors, Travertine tiles & Berber carpet. This house has been painted inside and out and is move-in ready! Click here for virtual tour. Read More →
Housing Construction Starts – 9 Month High!
Here are the details in the NY TIMES . Read More →
Check House After Rain
It is a good idea to walk your property after heavy rains especially if you just moved in and are getting to know your house. If you have lived in your house for years ~ it is still a good practice to get into. Most leaks can be quickly and afford-ably repaired; it's those that you don't know about that can cause a problem over time. ATTIC - Take a few minutes and look around in the attic... [Read more]
4.75% – 30yr Fixed Interest Rates!
Interest rates popped down to 4.75% yesterday for 30 year fixed conforming loans! WOW! Great time to buy - lower purchase prices - low interest rates! AND if you are a first time buyer or haven't owned primary house in past 3 years - you may be eligible for $8,000 tax credit if you close by 11.30.09! Email me with questions and for more information! Read More →
July Homes Sales Rise 7.2%
The National Association of Realtors said today that home sales rose 7.2% to a seasonally adjusted annual rate of 5.24 million in July, from a pace of 4.89 million in June. It was the 4th straight monthly increase and the highest level of sales since August 2007. Sales had been expected to rise to annual pace of 5 million, according to surveyed economists. July's increase to 5.24 million... [Read more]
Bernanke says US Economy on the Verge of Recovery
At the annual Federal Reserve conference in Jackson Hole, Wyoming, Federal Reserve Chairman Ben Bernanke says the U.S. economy is on the verge of a long-awaited recovery after enduring a brutal recession. Bernanke said that economic activity in both the U.S. and around the world appears to be "leveling out," and "the prospects for a return to growth in the near term appear good." ~sourced... [Read more]
Atlanta Market Update – August 2009
An article in the AJC today reports that the median sales price of single family homes in metro Atlanta rose in the 2nd Quarter of 2009. The metro Atlanta median sales price was $121,400 in the 2 nd Q of 2009, up 5 percent from $115,600 for the 1stQ of the year. The current median sales price is 23 percent lower than it was this time last year, $158,300, according to figures released Wednesday... [Read more]
New Home Sales Up – Nationwide
The Commerce Department reported that new home sales rose 11 percent in June to a seasonally adjusted annual rate of 384,000, from an upwardly revised May rate of 346,000. WOW. It is the fastest increase in more than eight years for new construction home sales. Indeed home prices are still falling, but the improvement in new construction sales is another sign the national housing market is... [Read more]
New Homes Sales Rise
In a report released this week by the U.S. Department of Housing & Urban Development sales of newly built single family homes rose 11% in the month of June. Peter Morici, economics professor at University of Maryland said, "That is really good news. With all the foreclosure activity sending down home prices, for new homes to jump like that is a good indicator that the economy is bottoming... [Read more]
The Numbers – June 2009
The FMLS has finally published the June 2009 numbers! And there is continued good news in the numbers. Across all of FMLS areas (36 total) average closed prices are continuing to head back up. We are seeing lower inventories and the large number of months supply of houses on the market is starting to moderate as inventories continue to decline. If this trend continues we can expect prices... [Read more]
