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ULI Hosts 17th Annual Development of Excellence Awards

 

ATLANTA (Aug. 31, 2011) - On Sept. 15, the Urban Land Institute (ULI) will host its 17th Annual Development of Excellence Awards at 200 Peachtree Street in Downtown Atlanta.

The Development of Excellence Awards recognizes outstanding real estate development projects that exemplify ULI’s mission to provide leadership in responsible land use and the creation of sustaining, thriving communities.

Selling Season Is NOT Over

Selling Season Is NOT Over

If you have been trying to buy or sell a home and the end of the spring-summer real estate season is stressing you out, The Castles By Chrissy Team says "relax!"

Even though real estate sales do fall off at the end of warm weather, there's still plenty of buying and selling coming this fall and winter.

Remember, sales volume is not your problem. The only house you care about is the one you're selling or hoping to buy.

Real estate isn't nearly as seasonal as it used to be. If a house is priced and marketed appropriately, no matter what time of year it is, there will be a buyer for it.

What's more, many home buyers and sellers are bucking the seasonal nature of residential real estate.

Agents Unknowingly in Violation of Ethics

This is a warning to Agents and a reminder to the public to be careful who you chose to represent you in a real estate transaction. I have recently heard some stories that have taken place locally and want to send this reminder to everyone. It is a violation of the ethical requirement for licensure in Georgia to represent a buyer or seller in a matter that the Agent is unfamilliar with. 

The REALTOR® Code of Ethics - Article 1 starts: "When representing a buyer, seller, landlord, tenant, or other client as an agent, REALTORS® pledge themselves to protect and promote the interests of their client."

Metro Atlanta foreclosure rate 16th highest in nation

Metro Atlanta foreclosure rate 16th highest in nation

ATLANTA -- Metro Atlanta's foreclosure rate slowed by the middle of 2011, but remains among the metros with the highest rates.

Atlanta had 44,1560 foreclosure filings from January through June, down about 16 percent from the first half of 2010. This gave Atlanta the 16th highest rate of foreclosures, according to RealtyTrac, which publishes the largest list of foreclosures in the country.

The company defines a foreclosure as default notices, scheduled auctions and bank repossessions. 

Real Estate has a Long Road to Recovery

 

The next years of real estate are not going to be positive for homeowners. In fact, it’s estimated that in 2012 over 60% of all home sales will be foreclosures or short sales. This means that the banks will control the pricing of more than half the real estate market and we can expect continued declining values. This idea may not sit well with many after the mortgage meltdown and moral hazard issues we had over the past five years.

Further, we at Sellect Realty believe that it will be another five to seven years before we see home values near their previous peaks and then we expect a plateau for several years to follow before growth. Currently our market is still declining. Despite month-over-month gains we have had another drastic decline in home values over the past 12 months. According to the recent statistics released by Realtor.com the average listing price decreased by 11.42% from June 2010 to $250,933.  

Home Ownership Matters Bus Tour Comes To Atlantic Station

Home Ownership Matters Bus Tour Comes To Atlantic Station

July 13, 2011 -- Washington -- Public policies currently under consideration could dramatically change the nature of home ownership in this country. Realtors® and invited local officials will share their insights and help Atlanta residents take action at the National Association of Realtors® Home Ownership Matters Bus Tour at Atlantic Station on July 16 from 11 a.m. to 3 p.m.

Members of the public are invited to share and discuss their home ownership experiences and related issues, and can learn about how potential public policy changes may affect their families and communities.  

NAR 2011 President Ron Phipps will be available for media interviews during the event. In addition to enjoying food and entertainment, members of the public can also register to win prizes at the event. Ongoing news and information about the tour are posted at www.houselogic.com/bus.

JUST A FEW HOMES REMAIN AVAILABLE AT LUXE CONDOMINIUMS ON 12TH STREET

JUST A FEW HOMES REMAIN AVAILABLE AT LUXE CONDOMINIUMS ON 12TH STREET

ATLANTA (June 28, 2011) – Over 90% of the homes at LUXE, the striking 22-story boutique-style Midtown condominium tower, have been sold with only 10 homes remaining for sale. LUXE is one of six condominium communities launched by ST Residential last year.

 

“Buyers are realizing this is the perfect economic climate to purchase,” says John Huckaby, ST Residential’s Regional Managing Director in Atlanta.  “The parkside location and luxurious amenities are also very appealing to the astute buyer.”