Georgia's Drought Still Not Getting Any Better

I woke up this morning thinking it was going to rain, but once again, the sun is out and the temperature is climbing. So I thought I might put a little information about the drought we are in. Stacy Shelton of the AJC reports that conditions are much worse than they were last year. She explains that last year Lake Lanier was 5.4 feet below and now it is 14.4 feet below. So follow your local water restrictions and conserve the best you can.

Grant

More on Mortgage Rates

In this video, Bill Liss of 11Alive discusses the rise of mortgage rates we've had the past few months. Good news is we are still below the national average.




Grant

Three Month Rate Increase

The last post I told you how rates are increasing, and I thought I might show you a graph of this. Robert Gilbreath in my office came up with this. The graph shows the change between April 15 to June 16.


Grant

Mortgage Rates Increasing

After months of rate cuts, interest rates have been slowly increasing. In a Freddie Mac survey, rates are at the highest they have been in eight months. But the good news is that rates are still low, and there is such an opportunity for you buyers out there. So take advantage of it while you still can.

Grant

Stats Looking Good For Vinings

As someone who grew up in the Vinings area, it is good to see the market not negatively affecting its housing numbers. According to the Atlanta Journal Constitution, prices jumped 57%, and the number of units sold increased 21.5% from a year ago. Vinings has a great old town feel that is only miles from downtown Atlanta. I believe this reason and the location, being on the corner of I-75 and I-285, have driven people to become interested in living there. Some places to check out if you are in the Vinings area include:

• Canoe - The wonderful restaurant hugging the Chattahoochee River.
• Vinings Jubilee - A development of shops and restaurants in the heart of Vinings.
• Garrison's - Very nice restaurant in the Vinings Jubilee shopping center.
• And many more you can find from the Vining's website.

If you are interested in the Vinings area, please contact me or click here to view current listings.

Grant

Buyer Incentives

With the market where it is, builders are dishing out all kind of incentives for you buyers out there. I have already seen cars and appliances included in these incentives, and I will continue to stress that you take advantage of this. Again, the Today Show had a segment today giving buyers some great tips and examples about these special opportunities. So Take a look!



Grant

Atlanta Home Sales Report

The Atlanta Journal Constitution came out with there Atlanta Home Sales Report yesterday and it provides some good information about the home sales around the areas of Atlanta. They show stats like the largest growth in sales and prices to the largest decline in sales and prices. They have also separated all the information by zip codes to show the market in a smaller spectrum. Everyday we hear large media types saying the real estate market is "bad", but it might be great in your market. So if you want to know how your city is doing, just type in your zip code and you can compare your real estate market to others around Atlanta. I will be looking into this more and i will post more information for you later.

Grant

Tribute Lofts Holding Auction

The year old Tribute Lofts off of Freedom Parkway will hold an auction for 40 condos on June 22nd. In an article from the AJC, the lofts are dealing with this market and prices should be discounted from 34% to 54%. So if you would like to live in the city, you really need to look into this.

Grant

Taste of Chamblee

On a beautiful day, Chamblee kicked off its first annual Taste of Chamblee. With a large crowd, I'm sure everyone from the neighborhood was out tasting some food and having some drinks. Don't forget, The Taste of Brookhaven will be on Saturday, June 14th.