FOR SALE! $758,000
Exclusively listed by Connie Cousins-Baker of Harry Norman, Realtors
3 bedroom + large office. Largest 1 & 2 bdm units combined for huge condo. 2 wine storage, 2 large balconies, 3 great parking spaces. Wonderful living spaces and great floorplan for nanny/teen suite or live/work. Walls of windows,hardwood floor + carpet in bdms,gas stove,marble master bath, lots of closets. Private location at the end of the hall. Beautiful amenities: pool,gym,guest suite,club room,sky lounge,24 hr concierge. Great spa in bldg. Great Buckhead location:400,Phipps,Lenox,restaurants,park,Marta.
A three-bedroom Mediterranean Revival overlooking a 43-acre city park is on the market in Austin, Texas, for $1,995,000.
This week we welcomed my second favorite season when autumn arrived over the weekend. While spring remains my favorite time of year, autumn brings with it a hearty helping of fall festivals, county fairs and of course delicious holiday food.
Autumn also brings buyers to the local real estate market and with them an opportunity to help your property stand out as the most attractive in your neighborhood. This is traditionally one of the busiest times of the year as buyers are looking for great deals after the summer rush season and still want to be in their new home for the holidays. Inventory is still low for our area and it is a great time for sellers to entice buyers, but that doesn’t mean sellers can ignore their property condition.
Even if you don’t want to go to a lot of trouble or expense, you can still make your home attractive by making sure to keep the falling leaves raked and prune any end-of-season dying blooms on your bushes, shrubs and trees. While keeping the landscape tidy is sufficient, a few simple improvements can be done with a modicum of effort and expense.
A smart investor recognizes that the market is a forward-looking beast. He also knows that the market regularly scales “walls of worry,” and that prices rise before everyone realizes a recovery is imminent.
The average investor? Well, he sits on the sidelines and, in turn, misses out on significant profits.
Don’t believe me? Look no further than the real estate sector for proof…
Be Greedy When Others Are Fearful
Back in February , when I predicted the real estate market hit rock bottom, my inbox overflowed with venom for making such a preposterous claim. Hundreds of readers unsubscribed, too.
Of course, homebuilding stocks were already telegraphing a recovery. But nobody wanted to believe it because home prices were still falling across the country. They let the “wall of worry” blind them from the opportunity.
As I wrote at the time, though, “prices are going to be the last thing to bottom out.” Well, they just officially did.
This is great news and should not be surprising. New construction is exploding all over the country, especially here in Atlanta. Commercial and residential developments continue to pop all over the city, especially high end custom homes.
Builders started on new homes at an annual rate of 750,000 in August, up 29.1% compared to a year ago. If sales keep growing, it may help end the economic doldrums.
By Les Christie @CNNMoney
The U.S. housing industry — crucial to any jobs recovery — showed more signs of strength, according to two reports issued Wednesday.
The Census Bureau said housing starts and permits rose substantially in August. Separately, sales of previously occupied homes climbed 7.8% from a year ago, according to the National Association of Realtors.
Builders started on new homes at an annual rate of 750,000, up 29.1% compared with a year earlier. They applied to build another 803,000 new homes on an annual basis, a 24.5% jump compared with August 2011.
Home builders have become increasingly bullish — a confidence index from the National Association of Home Builders reached its highest level since June 2006.
Metro Atlanta’s economy continued to rebound in the second quarter, but its rate of recovery, like that of the nation as a whole, slowed, a new study shows.
The area ranked 46th overall among 100 metro areas measured in the Brookings MetroMonitor index of economic recovery.
Brookings analyzed four areas: percent employment change; percentage point change in unemployment rate; percent change in gross metropolitan product; and percent change in house prices.
Metro Atlanta mostly went backwards in those measurements in the second quarter of 2012 compared to the first quarter.
— Employment grew 0.2 percent in the second quarter, down from 0.7 percent growth in the first quarter.
— Output grew 0.7 percent, the same as in the first quarter.
— The unemployment rate increased slightly after declining in the first three months.
— Housing prices continued to fall in the second quarter, but by 3.7 percent, compared to 4.1 percent in the first quarter.
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