Metro Brokers BHGR Ronald Mahomes Realtor

11/11/2022

There are no short cuts to success!!!

10/09/2012

If you know anybody in need of a real estate professional please keep
Me in mind!!

08/21/2012

Inventories Hover at Historic Lows

While buyer demand is picking up, many consumers increasingly are finding fewer choices in housing these days. The number of homes for sale continues to remain at record lows with the nationwide inventory of for-sale single-family homes, condos, townhomes, and co-ops is about 19 percent below inventory levels from a year ago, Realtor.com reports in its analysis of July housing data of 146 markets.

“Low inventories, combined with rising list prices and lower times on market, are positive signs that the overall market is in a stabilization mode,” Realtor.com reports.

Median asking prices were 2.63 percent above list prices in July, and the median age of the housing inventory has fallen about 9 percent in that time period, Realtor.com reports.

07/21/2012

Home sellers are staying on the sidelines this summer, which is helping to firm up prices in more U.S. housing markets.

The number of homes listed for sale rose by just 0.5% in June from May and was down 19.4% from one year ago, according to Realtor.com. Slightly less than 1.89 million homes were listed for sale in June, which is lower than at any time in 2011 or 2010.

Listings are down in part because banks have been slower to move foreclosed properties onto the market and investors are buying up more of them at courthouse auction sales and renting them out. Meanwhile, traditional sellers are frequently unwilling to list their homes amid signs that prices are turning around in more markets. And in some of the markets with the biggest inventory drops, many owe more than their homes are worth and may be unable to sell without taking a big loss.

06/26/2012

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06/26/2012

Atlanta Housing Market Summit: “New Homes Are Rebounding”

Monday, June 25, 2012 by Tyler Brenner

In a drastic change from recent years, the Atlanta Housing Market Summit – held on June 13, 2012 at the Cobb Galleria – wasn’t all about doom and gloom in the Atlanta real estate market. In fact, it was just the opposite… good news for Realtors in Atlanta.

“Everything is improving,” said Steve Palm, President of SmartNumbers. “We’ve turned the corner.”

The Summit concentrates on new homes construction, but also covered trends in resales and relocation. Here are some tidbits from the presentation:
•New construction has been up year-over-year for the last 4 months, and has posted the best increase since 2006.
•Lot prices are up 30% in the 1st quarter of 2012.
•Bank sales are falling, while builder sales are growing.
•New construction permits are up. The top 5 counties make up around 75% of permits.
•The ratio of resale closings to new construction closings is 8.5:1.
•The median price of resales has increased over the last two months.
•Metro Atlanta currently has 4.8 months supply of inventory, and inventory is currently at the same levels as back in 2000.

04/25/2012

Plan B (and C, and D): When evaluating a real estate deal, always consider the worst-case scenario first. You know what you want to do with a property, but what if that does not work out? Savvy investors always establish that there are multiple, viable, productive escape routes to deals before they do them in case their original plans go awry.

04/17/2012

Turning the corner

04/17/2012

INFO THAT HITS US WHERE WE LIVE... When people tell you the housing market isn't showing many positive signs, here are some facts that may change their minds. As of January, the National Association of Realtors (NAR) reported the housing inventory of for-sale homes has fallen to its lowest level since March 2005 -- 2.3 million homes, about a six-month supply. Meanwhile, total home sales rose 13% in the last six months, according to another industry survey.

02/27/2012

What Happens When You Walk Away From Your Home? This would be a 'strategic default,' and simply people stop paying mortgage. As the housing bust drags on, many homeowners are thinking labout it. Almost 11 million homes are now underwater, says financial information provider CoreLogic. Around 3.5 million homeowners are behind in their payments and another 1.5 million homes are already in the foreclosure process, according to online marketplace RealtyTrac.

As banks start to work through their backlog of distressed properties, the New York Federal Reserve estimates that 3.6 million foreclosures will take place during the next couple of year.

Things to consider: 1. What happens to credit Scores? 2. Look to it as a last resort, not a first option 3.Location, location, location, each state has its own rules and regulations regarding foreclosure 4.Know the tax implications. Historically, if you have a debt that's forgiven, the canceled amount is considered taxable by the IRS 5.Talk to a professional. A bankruptcy or real-estate attorney can help you through a very tricky process.

"Strategic default is not an easy decision, and there's a cost either way," said Gerri Detweiler, director of consumer education for Credit.com.

02/23/2012

What is a Short Sale? Lots of people have been asking. Short Sales happen when a Lender accepts less than full pay-off on the mortgage to avoid a possible foreclosure auction or bankruptcy. Short sales can be the helpling hand for those who are divorcing,have serious health issues, become umemployed, or find that the property value had dropped below the loan balance and have already exhausted any possibility of refinancing the existing loan(s) under the Making Home Affordable program. Prior to acceptance by the seller's lender(s) the property that is listed as a potential short sale and is only a Potential Short Sale. It does not become a Short Sale until the seller's lender(s) agree(s) to accept the terms of an offer already made to and accepted by the property seller/owner