Interesting results when the 3rd quarter 2011 Atlanta home sales data is reviewed. Chartmasters gives us a look at current Atlanta real estate trends, most noteworthy is that 65% of homes sold in Metro Atlanta (viewed overall) were below $200,000. Keep current by clicking on Atlanta Real Estate Market Conditions and sign up below for [...]
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Roswell, GA 30075
Phone: 678-428-8276
About Hank Miller
Location
Roswell, GA 30075
Phone: 678-428-8276
Posts
Why Appraisers Hate Real Estate Agents
The reasons why appraisers hate real estate agents (many of them anyway) are both varied and lengthy; almost all have to do with agent ineptitude and ignorance of how appraisals are completed and how data – specifically comps – are selected and utilized. I’m an active certified appraiser since ’89 as well as an active broker; I see [...]
“Occupy” Occupies Atlanta Foreclosure – Waits for the Marshals
I wish I had the time to do nothing but look for a cause, because the “Occupy” cottage industry seems to be looking for a few good nuts. After setting up at the Fulton County GA courthouse for the Nov ’11 foreclosure on 11/1, they have decided to take up residence at one of the [...]
Homebuyers Still Expect Appreciation
“More than 42% of prospective homebuyers polled by Zillow believe home values will appreciate by 7% annually in the years ahead.” Seriously? Apparently so…this according to the recently conducted poll of 177 people who said they were planning to buy a home within the next three years. “It’s troubling that we’re still in the midst of one [...]
A Graphic View of Mortgage Rates Over the Years
Sometimes a picture is worth a thousand words…we’re all used to hearing about “historically low rates” but what does that mean to a generation of folks that don’t really understand where rates were in the past? Even for folks that have been around, have past rates been completely forgotten about? Here are two charts that [...]
Occupied Distressed Homes Worse for Values than Vacant Homes
Many areas of Atlanta are experiencing the same issues with foreclosures and distressed properties as others around the country. Distressed homes (foreclosures – short sales – loan mods) and bank owned homes obviously hurt neighborhood value and appeal. Now a study conducted in Cleveland seems to assign tangible impact levels; while far from definitive, it [...]
Sales Up in Atlanta, Values Down
A good news – bad news post. Homes sales in metro Atlanta were up about 25% from the same month last year, that’s above the national average of about a 15% increase. Remember though, the government incentives intended to jump start things in ’10 were ending about this time last year. Regardless, any positive move [...]
How to Stop the Drop in Home Values
The challenges facing this economy are diverse, complicated and enduring. Over the last several years and two administrations, the bleeding has continued unabated. Despite billions of dollars tossed at the problem, schemes to increase employment and opinions from economic experts on how to dig out, the country remains mired in the economic mud. A critical component [...]
It’s Time to Buy That House
Those of you that have worked with me or read my posts over the years know I’m not a mouthpiece for the real estate community; I don’t march in lockstep with what the various real estate industries put out. I don’t think everyone should own a home; I don’t (and never did) think a home [...]
First Time Homebuyer Interest in Short Sales Plummeting
The Convoluted Process Is the fact that first time homebuyer interest in short sales is plummeting a big surprise? The Atlanta real estate market is loaded with short sale “opportunities”; which is a liberal use of that word. Many short sales are simply a maneuver to extend an owner’s time in the home. By offering their home as a short sale, [...]
Wealthiest Areas in the Nation
Well this will rattle a few wine glasses and BMW windows in and around several of the affluent Atlanta areas…the numbers are out and according to On Numbers, there’s a new hot spot for concentrated wealth in Georgia…Berkeley Lake. It is at the top of the state in terms of overall wealth and median household [...]
Her Bank Got Enough Help When It Was in Trouble. She Didn’t.
“Mimi Pierre Johnson and her husband bought their four-bedroom home in Elmont, on Long Island, for $413,000 in 2005. Then the recession blew in. Her husband lost his construction job, her real estate work slowed and their boiler wheezed and died. Their once-reasonable mortgage resembled a forbidding mountain. She dialed her bank, JPMorgan Chase, seeking [...]
Help the Housing Market – Increase Foreclosures!
It’s refreshing to see an article in CNN Money reiterating what many of us in the real estate industry have known for years; that the foreclosure abatementprocess is simply delaying the inevitable. Many of the homes in the foreclosure process will never be recovered, it’s much better to foreclose and get on with the next [...]
Fed Sponsored Refi’s – Spend, Don’t Save the Difference!
As the economy continues to free fall like a stone approaching terminal velocity, the administration continues to try and pop ‘chutes to slow the decent. It’s no secret that real estate is a vital cog in any recovery, arguably the most vital as it impacts both personal and commercial/industrial wallets. Distressed home inventory remains high [...]
Another Head Scratching Filthy Foreclosure
Here’s another nasty foreclosure, the kicker on this one is that it looks like this after clean out. I walked this and seriously wondered how you can live in something like this – living outside in a tent would be cleaner. From an appraisal stand point I called for a total gut job on this [...]
Appraisal Issues? Blame Washington
Once again appraisers are in the cross hairs, the incessant screaming is that we’re “killing deals” and hampering any real estate recovery chatter is heating up. Low appraisals, incorrect appraisals or appraisers not being familiar with the area in which they work are the topics of conversation around the real estate water coolers. Most of [...]
White Picket Fence? Nope. More Calls to End the Mortgage Deduction
Once again, the cries to end the mortgage interest deduction for homeowner’s are banging around the halls of the capital. As usual, this latest dust up has more to do with social engineering and class warfare than logic. Is the goal really to have a society where everything is entirely equitable? I’ve been around a [...]
“Foraging” for Foreclosure Treasures
The streets are alive with Urban Pioneers….Atlanta gets a look from the NY Times… As she does every evening, Kelly Callahan walked her dogs through her East Atlanta neighborhood. As in many communities in a city with the 16th-highest foreclosure rate in the nation, there were plenty of empty, bank-owned properties for sale. She noticed [...]
Black Mold, Vandalism & Squatters – Oh My!
Here’s an Atlanta foreclosure video to check out – this one caught me by the nose – literally. This one kicks you in the face the second the door opens; after about two or three minutes my eyes were watering, nose burning and chest feeling heavy. Not only did this Atlanta foreclosure have a great [...]
Uncle Sam the Landlord – Another Stupid Idea
Given the bloody mess that is real estate market, the feds are now considering the idea of renting some of the housing inventory. This is a spectacular idea, for all the wrong reasons. The slide into what has always smelled like a double dip recession was fueled in large part due to over-leveraged homeowners. Many [...]
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Carmen Brodeur: Very interesting! I better go buy more wrinkle cre...
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Ria Grace: What is good of having custom home is that you can...
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Patrick: A great online property management forum is agents...
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Kyle Pearce: Unfortunately, in every industry, there are some w...
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$10000 California First Time Home Buyer and New Home Tax Credit Extended
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Unite Against the Sarasota MLS Board
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Short Sale Heaven Coming April 5th 2010
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The Lones Group – Real Estate Social Media Marketing Firm – Sues Agent For Being A Zebra
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California Senate Bill 94 (SB94): Passes; Not even Attorneys can do it!
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