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Results from a new Gallup poll out this past month show that Americans still view owning a home as the best place to park their hard-earned cash for the long term. And of course, opinion writers jumped on the chance to point out holes in the thinking.
Results from an April 3-6 Gallup poll on the Economy and Personal Finances showed that 30% of Americans saw real estate as the top long-term investment, up from 25% a year ago. This follows a February survey from Fannie Mae that showed Americans’ positive views on housing.
Mel Watt will do more than just keep the lights on at Fannie Mae and Freddie Mac while Congress kicks around ideas on how to replace these key players in the secondary mortgage market.
Four months into his tenure as director of the Federal Housing Finance Agency, Watt delivered his first in-depth remarks on his goals as both conservator and regulator of Fannie Mae and Freddie Mac. Those entities had been to be taken over by the government during the financial crisis, but now they’re cash cows for the U.S. Treasury. Continue reading
Prices Continue to Rise, Inventory has yet to recover.
Here is the April Case-Shiller April report.
• Closings for Metro Atlanta in January were up 17.8% compared to last month and down 12.4% compared to the previous year.
• Pending were up 42% from the previous month showing a strong surge in spring closings coming in the next few months.
• For the Greater Metro Atlanta area, listed inventory was up 6.8% from February 2014 and up 18.9% compared to March 2013 levels. The limited availability of quality properties has turned some local areas into a seller’s market.
• The available months of supply dropped to 4.7 months versus was 6.6 months in February. The slower pace of sales and slightly higher inventory are creating a more normal market condition. Continue reading
According to the Atlanta Business Chronicle, the Georgia Department of Education has released a report that ranks the performance of every K-12 public school in Georgia. In the latest College and Career Readiness Performance Index, the state’s overall grade is “C.” Atlanta Public Schools and DeKalb County Schools get a “D” in the report. Continue reading
One of Atlanta’s most prolific high-rise residential developers wants to build its latest tower on a prime corner in the red-hot Midtown market.
Novare Group intends to buy a nearly 1.5-acre site at West Peachtree and 14th streets, near One Atlantic Center and Atlantic Center Plaza, according to several sources familiar with the plan. The property today houses low-rise buildings with tenants such as Einstein Bros. Bagels and Zipcar.
On March 20th, Kevin Palmer attended the National Association of Hispanic Real Estate Professional (NAHREP) Spring Conference. While we all know that the Atlanta Market has changed from what we were experiencing in 2010 – 2012, I thought he following statistics and facts could be informative.