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In The News:

The Federal government has passed a bill that gives $8,000 in tax credit to first time home buyers.

The Fed bought $750 billion in mortgage-backed securities in an attempt to keep interest rates low.

Interest rates are currently at historic lows.

 
There is a glut of new high end condos currently on the market.  Such surplus is causing developers to sacrifice profit for sales.

Fulton County has and is expected to continue positive population growth throughout our economic downturn.  

Forsyth County is the 5^th fastest growing County in the nation with a growth rate of 6.3%.

Market Update:

There were more single family attached home closing in August of 2009 than the same time a year ago. This is the first time that there has been a annual increase since September of 2008!  This could be a sign of a change in Metro Atlanta's saturated condo market! Single family detached homes had an increase in homes pending a closed transaction but a decrease in closings.  More homes will be able to close once lenders increase liquidity. This means that buyers want to buy but lenders aren't lending.  Lastly, while home prices are still 13% below the August 2008 average, they are 16% above the recession low in February 2009.  Our economy has life!  This is a perfect time to buy as some economist predict a true economic recovery by early 2010.