Wow! Is $52.5 million too much to pay for an 8 bedroom, 10 bathroom co-op? Not at 740 Park Avenue, home to several high profile residents. This New York City home has 2 libraries, 6 terraces and views of Central Park. And, the taxes alone are about $1.5 million. The building was built in 1929 by James T. Lee, the grandfather of Jacqueline Kennedy Onassis, and is still considered the best of the best in New York ... (Read more)
According to a survey released last week by the online real estate site, Trulia, it's more affordable to buy a home than it is to rent in most US metro areas, including Atlanta. Here's what Atlanta area real estate expert John Adams had to say about the recent report: Last week, online real estate site TRULIA released a survey ... (Read more)
How much home does $200,000 buy in Atlanta? As a whole, Atlanta is still a buyer's market. Prices are down significantly from their 2007 highs, but things are changing, especially in the under-$200,000 in-town market. Inventory is down over 40% from the start of 2011 and, statistically, under $200,000 is no longer a buyer's market with only a six-month supply of listings. This rare, newer home is in one of Atlanta's older neighborhoods, and it features modern touches like granite countertops ... (Read more)
The National Association of Realtors posted an article this week showing surprising gains in existing home sales in August. It has a busy month at Team Rich Richardson, so I guess we shouldn't be surprised! The article is below: Existing-home sales increased in August, even with ongoing tight credit and appraisal problems, along with regional disruptions created by Hurricane Irene, according to the National Association of Realtors®. Monthly gains were seen in all regions. Total existing-home sales1, which are completed transactions ... (Read more)
How are Atlanta Home Sales doing now? What is actually happening in my price range? These are good questions and ones to which you should know the answers before buying or selling a home. The market can be affected quite differently in various parts of the city and price ranges. We constantly track the market in order to better advise our clients on how to achieve their real estate goals. We want you to know the whole story before making an all-important ... (Read more)
A report to be released today commissioned by the Atlanta Neighborhood Development Partnership will release information that supports the findings of an AJC investigation that was published in a series of articles in December. The findings confirm the report that tens of thousands of homes were overvalued last year by county tax assessors. This report aims to take an educated guess as to by how much homeowners overpaid in the 5 major metro counties. The report goes on to say ... (Read more)
From Yahoo! FinanceBy Burton FriersonNEW YORK (Reuters) - U.S. consumer confidence rose to a three-month high in December, while prices in the hard-hit housing sector stalled in October, breaking a five-month string of gains.The consumer confidence reading released on Tuesday reinforced views that the economy is gradually recovering, and the October housing data from the widely watched Standard & Poor's/Case-Shiller indexes was seen as indicating the market is stabilizing.The Conference Board, an industry group, said its index of consumer attitudes ... (Read more)
