Morningside is located in the northeast area of Atlanta – from Piedmont Road east to Briarcliff Road and from Amsterdam Avenue north to the rail line. Johnson Estates, Lenox Park, University Park, & Noble Park are within the Morningside Neighborhood boundaries. Development in Morningside began in 1923. By 1925 development on North Highland added shops to the area (now in the building where Rosebud Restaurant is located). Morningside Elementary opened in 1929. Johnson Estates & Hylan Park began development in 1930. Atlanta architects Ivey and Crook designed homes in Lenox Park which began development in 1931.
There is a diverse architectural history in Morningside with a mix of English Tudor, English Cottage, Craftsman, Mid-century Ranches, French & Spanish inspired homes and new construction homes including a few contemporary.
Today Morningside Neighborhood is a cohesive community with an active association known as Morningside Lenox Park Association and a Morningside Neighborhood Security Patrol. Morningside is a very beautiful and walk-able neighborhood. Streets are lined with trees & sidewalks. There are great restaurants, shops and parks in Morningside. Parks in the neighborhood include: the Sunken Garden, Noble Park, Morningside Nature Preserve, Daniel Johnson & Herbert Taylor Park, and Sydney Marcus Park.
Homes for Sale in MorningsideMorningside Walking Tour | Morningside Farmers MarketInman Middle School | Grady High School
Gorgeous one of a kind home in Ormewood Park! House is modern with great bright light and top-of-the-line interiors. 3 bedrooms & 2 baths. Want to know more? Contact us for more details!
Atlanta Sellers - Buy Owner - the do it yourself listing company is looking for a buyer. They have recently filed for bankruptcy and looking to sell their assets. It is not surprising in the recent housing market that Buy Owner would not be able to survive. You need more than just a yard sign, lockbox and presence in the FMLS to sell your house. You need hands on contact with an agent who can market and promote your house along with keeping you informed of the current market conditions and how they impact your home sale. Many homeowners are now facing the reality of needing to sell and dealing with their home value being less than what they owe. Ouch. Find an agent who can SELL your house - not just list it. It could be that you need to do a short sale and more than anything - you want someone to handle the transaction for you. It's called a Buyers Market for a reason!
Atlanta's Neighborhoods Were Made for Walking! More and more buyers are looking for homes where they can walk to restaurants, shopping, grocery stores and parks. Certainly there are numerous benefits to parking your car for the weekend and walking your errands or walking to your favorite eats and drinks. Atlanta is presently ranked 22 in the City Rankings of Walk-ability. Specifically - the neighborhoods Five Points, Ponce-Highland & Sweet Auburn are mentioned.
If you are wondering how your Atlanta Neighborhood stacks up to walking, here is a quick test for you - WalkScore can give you some insight.
Thinking of a new furnace or air conditioner? Or maybe you have been in need of a water heater or new windows? Not only will you benefit from the immediate comfort of installing and upgrading your current systems - you will save money in the long run by using less energy and reducing your electric/gas bills. AND you may find your improvement qualifies you for a tax credit.
The Energy Star website has details on the qualifying improvements and upgrades and explains how the tax works. Check it out. You still have 5 months to complete the work. The deadline is 12.31.2010.
Is a distressed property the right deal for you?
If you’re in the market for a home and are prepared for a unique transaction, a distressed property can be a great option. Here’s why:
Prices are low – Buying a foreclosed property is an excellent way to get a home for less. Research shows you can save 10-40 percent over the price of similar properties in a traditional sale.
Mortgage costs are low – With rates hovering near historic lows, financing costs to are favorable. Keep in mind, rates are always changing. It’s important to begin the pre-approval process so that you know how much you can realistically afford.
As of today June 2, 2010 - 30 year fixed interest rates are 4.625% (conforming loans), 4.5% for FHA and 5.625% for jumbo loans. Interest Rates are courtesy of SunTrust, Laura Joines.
You have options – The number of homes in some stage of the foreclosure process still remains high. RealtyTrac, a site dedicated to tracking foreclosures across the country, estimates that there are approximately 2.1 million homes in some stage of foreclosure in the United States.
Sellers and lenders are motivated – According to data from RealtyTrac, in April, one in every 387 households in the country has received a foreclosure filing. The bottom line is that many sellers are still feeling the pain of a down economy and are anxious to out get from under a home that is putting stress on their current financial frustrations. While it is still an emotional transaction, these sellers are willing to come down on price or even consider concessions such as helping out on closing costs. Banks holding on to large portfolios of Real Estate Owned (REO) properties want to unload quickly – and price these home to sell.
Your best ally when purchasing a distressed property is an expert. Always have a professional REALTOR® by your side to help you make informative decisions. If you’re interested in learning more about purchasing a distressed property, email me!
Pending home sales for the month of March 2010 increased 5.3% from the previous month to 102.9. The March 2010 is 21.1% higher than March 2009 which was 85.0. The data is provided by the National Realtors Association and is for homes under contract - not closed.
Definitely the increase is in part to the end of the buyer tax credit (must be under contract by April 30, 2010 and closed by end of June 2010). According to Lawrence Yun, the NAR's chief economist, "Clearly the home buyer tax credit has helped stabilized the market. In the months immediately following the expiration of the tax credit, we expect measurably lower sales. Later in the second half of the year and into 2011, home sales will likely become self-sustaining if the economy can add jobs at a respectable pace, and from a return of buyer demand as they see ome values stablizing."
From my persepective - yes - we will probably see a slow down in under contracts and sales after April 30th but many Atlanta buyers are out there. They want to buy even if they didn't get the tax credit. Home prices seem to be stabilizing in areas (still early but the numbers are showing some improvements), and loans are becoming readily available in the jumbo market (loans over $417,000) as banks' begin to show healthy balance sheets. Buyers want great deals and sellers are understanding this and working to price their homes right for the current market. I am talking to buyers who still want to buy!
In Metro Atlanta - we are starting to see a slight reduction in the unemployment rate which is a lagging indicator of the economy. The unemployment rate will follow other improvements in the economy - such as the increase in the pending sales numbers. The good news is that March 2010 the unemployment rate dropped for the Metro Altanta area.
Open house today - from 2pm to 4pm. 3928 Locklear Way in the Lockridge Forest subdivision off of Winter's Chapel. Great neighborhood with great swim and tennis. Home has been well maintained and has an amazing sun room and yard. Virtual Tour for home - 3928 Locklear Way.
Gorgeous one of a kind home in Ormewood Park! House is modern with great bright light and top-of-the-line interiors. 3 bedrooms & 2 baths. Want to know more? Contact us for more details!
furnace or air conditioner? Or maybe you have been in need of a water heater or new windows? Not only will you benefit from the immediate comfort of installing and upgrading your current systems - you will save money in the long run by using less energy and reducing your electric/gas bills. AND you may find your improvement qualifies you for a tax credit.
The Energy Star website has details on the qualifying improvements and upgrades and explains how the tax works. Check it out. You still have 5 months to complete the work. The deadline is 12.31.2010.
a slight reduction in the unemployment rate which is a lagging indicator of the economy. The unemployment rate will follow other improvements in the economy - such as the increase in the pending sales numbers. The good news is that March 2010 the unemployment rate dropped for the Metro Altanta area.
Open house today - from 2pm to 4pm. 3928 Locklear Way in the Lockridge Forest subdivision off of Winter's Chapel. Great neighborhood with great swim and tennis. Home has been well maintained and has an amazing sun room and yard. Virtual Tour for home - 3928 Locklear Way.
