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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.


A very bright economic headline came by way of Consumer Confidence, jumping to 39.2 in April from 26.9 in March - the fourth largest gain in the history of the survey.  The jump is without a doubt a result of the huge improvement seen in the Stock market since addressing mark-to-market accounting.  The health of the stock market is critical to consumer's mindset reguarding pruchases.

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:

Georigia's First Multiple Listing Service (FMLS) statistics show a moderating trend in the real estate market.   This leads us to believe that there may be signs of growth this summer!  While the year-to-year average sales price declined from March 08' to March 09', March of 09' experienced a higher monthly average sales price than February.