PalmerHouse Blog Moved to Facebook

20 Sep

Updates to the PalmerHouse Properties Blog have been moved to the PHP public facing Facebook page.

PalmerHouse agents are also invited to join our internal Facebook Agent Resource Facebook page.

Our PalmerHouse WordPress blog will remain live through 2015 as a resource for past postings.

Thanks for visiting our PalmerHouse Blog!

Why Americans Love Real Estate

14 Jun

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.
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So much for winding down Fannie and Freddie; full speed ahead for Mel Watt

13 May

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

April Case-Shiller Market Numbers are In

6 May

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

Georgia Schools Graded; Atlanta, DeKalb County Districts get “D” (Lists)

24 Apr

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

Novare Eyes Key Midtown Corner for New Tower

19 Apr

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.

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NAHREP Spring Conference Summary

23 Mar

NAHREP

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.

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