Sales of existing homes rose 6.5 percent

Article and video clip submitted by Leslie Ransom, Founding Partner. Sales of existing homes rose 6.5 percent from November to December, closing out the worst year for the U.S. real estate market in more than a decade, an industry trade group said Monday. Please click here to see the video clip where CNBC reports the National Association of Realtors December numbers Analysts saw hope in the apparent pickup in housing sales and attributed the gain to lower mortgage rates. But they cautioned that the trend would need to continue to represent a real move for the market off its low point. “This is the first time in a while that we have seen a return to normalcy in the relationship […]

Home Prices Tumble; Resales Rise

Submitted by Eve Whitaker, Realtor®. Home buyers took advantage of discounted prices in distressed housing markets in December, leading existing-home sales to rise. The median home price was $175,400 in December, down 15.3% from $207,000 in December 2007, the National Association of Realtors said Monday. The median price in November this year was $180,300. Home resales rose to a 4.74 million annual rate, a 6.5% increase from November’s revised 4.45 million annual pace. Of all sales in December, about 45% were distress sales at discounted prices. For more information and the entire article on the Wall Street Journal web site, please click here. 

The Mansion Featured on AtlantaSkyRiseBlog.com

We received great coverage from Kevin Grieco at AtlantaSkyRiseBlog.com, who featured a post on The Mansion on Peachtree, a development represented by our own SkyRise Group at Atlanta Fine Homes Sotheby’s International Realty. To see the blog post, please click here. A Rosewood Hotel & Residence, The Mansion is a Robert A.M. Stern designed property located in affluent Buckhead. In addition to the Craft restaurant, 29 Spa and the English gardens on the property, there are 127 hotel rooms and 45 residences starting at $1.7 million. Please call our on-site sales associates, Paul Donahue or Suzanne Dils at 404.816.4800,  for a tour of our finished model on the 42nd floor.

Georgians see stimulus plan as jobs bill

Submitted by David Boehmig, President/Founder. Article taken from Atlanta Business Chronicle – by Dave Williams Staff Writer President Barack Obama’s economic stimulus plan would get more roads repaired in Georgia, more houses sold and more solar panels installed. But in a state saddled with an unemployment rate of 7.5 percent, the highest in more than 25 years, the stimulus package making its way through the Democratic Congress is really about more jobs. “It would put a lot of people back to work,” said Mike Kenn, president of Georgians for Better Transportation, a lobbying group for companies in the transportation industry, including highway contractors. “It would be a real quick shot in the arm.” That economic boost can’t come soon enough […]

Decatur Highlights, Part One

I live in Decatur and much of my business is within the 30030 zip code.  What many of my clients like about Decatur, Georgia is that it feels like a small town.  They are right.  Decatur, Georgia is a small town (under 20,000 people).  This small city is run by neighbors who are held to their word by a very involved, outspoken and rather quick to the polls, townspeople.  What is unique is that the City of Decatur is located, inside the Perimeter making Decatur well within the major metropolitan area of Atlanta, Georgia, one of the nation’s largest metropolitan areas.  Therefore, the City of Decatur offers the best of both worlds.  The delight of small town atmosphere coupled with […]