Home sales up 5.1% in U.S.

Submitted by the Ransom Team, REALTORS® and Founding Partners of Atlanta Fine Homes Sotheby’s International Realty. Sales of existing homes increased 6.1 percent in the South in February. On a national level, existing home sales were up 5.1 percent in February, according to a report released today by the National Association of Realtors. But sales in the South are still soft — more than 11 percent lower than February 2008. More than 40 percent of sales in February across the nation were of foreclosed properties, or properties in default that were being sold for less than the mortgage balance. Most of the sales nationally were concentrated at the bottom of the price ladder. Because more expensive homes are selling less […]

Real Estate Market Tidbits

Mortgage Rates Drop Below 5%:  Freddie Mac reports a drop in the 30-year fixed mortgage rate to 4.98 percent during the week ended March 19 from 5.03 percent the prior year, marking the lowest rate since 4.96 percent in mid-January.  Experts say rates could fall further in response to the Federal Reserve’s announcement that it will add $1.2 trillion to the economy to alleviate the credit crisis. Source: Tulsa World, Tulsa, OK, March 20, 2009 According to the Associated Press, US housing construction posted a surprisingly large increase in February, showing improvement in all parts of the country except the West.  The Commerce Department reported that construction of new homes and apartments jumped 22.2%  in February compared with January.  While […]

Atlanta Fine Homes meets with Interactive Web Solutions

Last week, Atlanta Fine Homes Sotheby’s International Rrealty president and founder, David Boehmig, along with vice president of marketing, Janet Blanton, met with Interactive Web Solutions in Pasadena, California. Interactive Web Solutions is a full-scale and full-service interactive company that provide website and ecommerce design and development, search engine marketing,  and web based custom application development services nationally.  The relationship between Atlanta Fine Homes Sotheby’s International Realty and Interactive Web Solutions began almost two years ago, when the company launched www.atlantafinehomes.com. The site continues to be one of the best resources for searching for Atlanta homes for sale, as it features all listings for sale from all companies in the six main counties in metro Atlanta: Cherokee, Cobb, Dekalb, Fulton, Forsyth, Gwinnett. Discussed […]

Above all…High-end luxury market is alive and well at Sovereign

    Sovereign, Atlanta’s finest luxury high rise thrives in today’s slow real estate economy. Since the beginning of 2009, qualified traffic to Sovereign has been steadily increasing. The building welcomed its most recent closing on March 6, 2009.   The residence, a 47th floor residence with a downtown view,  was purchased by an Atlanta resident  looking to “smart size.” The $3.4 million plus residence offers just under 4,000 square feet and convenience like no other.   A major selling point for this buyer was Sovereign’s walkability to Buckhead’s best dining, nightlife and shopping. Some current homeowners enjoy an “elevator commute” to their office within Sovereign’s twenty floors of Class A office space, and all homeowners will enjoy the elevator […]

The Mansion on Peacthree Featured in Sophisticated Living Magazine

Featured in Louisville’s Sophisticated Living, Atlanta’s The Mansion on Peachtree is featured across seven pages. Founded in 2001, Sophisticated Living LLC is a family owned company that produces glossy, full-color, city-specific magazines for affluent consumers. The award-winning publication, based in Louisville, KY, features fine homes and gardens, wines, antiques, dining, travel, motoring, jewelry, fashion and society events. A Rosewood Hotel & Residence, The Mansion on Peachtree is a Robert A.M. Stern designed property located in affluent Buckhead in metro Atlanta. 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 of Atlanta Fine Homes Sotheby’s International Realty,  Suzanne […]