The credit to home buyers taking advantage of the federal government’s tax credit has reached $23.5 billion, according to the Internal Revenue Service. Some $16.2-billion was for the first time home buyers $8,000 credit and $6,500 grants to first and second time buyers. The tax credits produced a spike in home sales in the majority… Continue reading $23 Billion in Home Buyer Tax Credits
Category: Georgia
Georgia housing market
2018 Georgia Real Estate Market Predictions
Georgia is a rich and beautiful state with a lot to offer. The Georgia housing market boasts some great places to live, like Atlanta. The state’s capital has a median income of over $60,000 a year with a population of 5.8 million. While Atlanta isn’t the only place in the state, it is one of… Continue reading 2018 Georgia Real Estate Market Predictions
2015 Georgia Housing Market Predictions
According to neighborhoodscout.com home appreciation rates for Georgia real estate have been some of the most stagnant in the country for the last 10 and 25 years. And according to the National Association of Realtors, Georgia is 1 of 10 states not yet caught up with others in the housing recovery. Realtor Howard Flaschen states… Continue reading 2015 Georgia Housing Market Predictions
Foreclosures Rise 18%
The epidemic of foreclosures is rising, according to newly released figures from RealtyTrac, despite a slight slowdown in activity during the month of May. Year over year foreclosures rose 18%. Foreclosure filings, including default notices, scheduled auctions and bank repossessions were reported on 321,480 properties during the month, a decrease of 6% from April. The… Continue reading Foreclosures Rise 18%
2013 Georgia Housing Market
Real estate prices in Georgia hit bottom and are beginning to climb slowly but surely as the state emerges from the economic wreckage of the Great Recession. In a March Marketplace Money article (“Atlanta real estate: Peachy keen or sour grapes?”), Atlanta Realtor Deborah Gilmore said, “we do have a heartbeat now. We had flat… Continue reading 2013 Georgia Housing Market
Bulk Government Foreclosure Sales Start
By Mike Colpitts The U.S. government is starting to sell-off its massive over-supply of foreclosed homes to investment equity firms at major discounts in a controversial trial program that could result in the future sale of hundreds of thousands of similar homes for pennies on the dollar. The Federal Housing Finance Agency (FHFA) announced the… Continue reading Bulk Government Foreclosure Sales Start
2010 Georgia Housing Market
Home sales are sliding in Georgia and foreclosures are climbing as markets are hampered by high unemployment, despite some of the lowest mortgage rates in history. But the housing market poses the best buyers market in more than a decade for those looking to get into a home. Despite rising home sales prompted by the… Continue reading 2010 Georgia Housing Market
States Rip Off Foreclosure Victims
By Mike Colpitts Almost $1-billion targeted to victims of banking foreclosure fraud is being ripped off from foreclosure victims to be used to pay for other programs for states facing serious financial deficits. The nation’s largest five banks agreed to pay a $25 billion settlement as part of their agreement to settle allegations of illegal… Continue reading States Rip Off Foreclosure Victims
Top 10 Real Estate College Towns
Investors and parents shopping for rentals for college students might realize a sharp increase in rents when students go off to college this fall. Rents on homes and apartments rose an average of 4% in the U.S. in the last year, and higher rents are expected. Realtor.com released its second annual round-up of the top… Continue reading Top 10 Real Estate College Towns
Home Price Appreciation Jumps 2.5% for Year
By Mike Colpitts For the fourth straight month home values have increased in appreciation across the U.S., according to real estate research firm CoreLogic. Prices increased 2.5% in June compared to a year ago in the 100 largest metro areas the company tracks. On a month-over-month basis, including foreclosure and short sales, home price appreciation… Continue reading Home Price Appreciation Jumps 2.5% for Year