Atlanta Family Selling Their Home To Help Hunger

The Salwen Family here in Atlanta is selling their home and donating half the price to The Hunger Project. The 5 bedroom home is listed at $1.8 million and has been on the market for almost a year. This idea was started by 15-year-old Hannah Salwen, and if you want more information on their project, click here.



If the video doesn't work, here is the link to it.


Grant

More Help for Homebuyers

Next week the Fed will set up new rules aimed at protecting homebuyers from the shady lending practices we have had in the past. This current mortgage meltdown was caused by lenders giving loans to people who weren't the best candidates for a loan. Negative amortization loans, no documentation loans, and loans given to people with poor credit are all things of the past. The rules include getting rid of the prepayment penalties for paying a loan off early, requiring borrows to set aside money for taxes and insurance, and having the lender see proof of income from all borrowers. This is a good move, and it should help homebuyers get themselves in a better situation when dealing with the financial obligations of owning a home. For more on this, Yahoo! News has an article.

Grant

More On Mortgage Rates

The Today Show once again has a great segment about the tips and strategies buyers and sellers should take when finding a mortgage.



Here Here!


Grant

Atlanta's Real Estate Market is Doing Better

According to an Erin Moriarty article of the Atlanta Business Chronicle, Atlanta's real estate market is fairing better than 20 major cities across the county. Our home prices aren't declining as fast as the west and sales are starting to pick up. High end property, homes around the city, and first time home purchases are all doing well. When we hear about the "real estate crisis" , just remember that your market might not be as bad when compared to the county as a whole. Just know that Atlanta's good, and we shouldn't hold back from taking advantage of the market we are currently in.

Grant