We are in a Perfect Storm right now. First time home buyers around Atlanta right now have: The highest home affordability factor since before 1970 The lowest mortgage interest rates since the 1950's, thanks to the Fed buying mortgage baced securities An $8000 federal tax credit for first ...
Monthly Archives: July 2009
The Atlanta Million Dollar Challenge Events Announced
I announced on this blog recently that I was teaming with some real estate professionals from around Atlanta to launch a big, and very important initiative: Atlanta's Million Dollar Challenge. The goal is simple: To help 125 first time home buyers around Atlanta to purchase ...
Word is Getting Out on the $8000 Tax Credit
I read just last week a study by the National Association of Realtors that fully 50% of the prospective first time home buyers did not know anything about the $8000 federal tax credit if they buy a home by November 30, 2009. And my experience with ...
What Can and Cannot Be Financed?
I got back from vacation at the beach yesterday, and after unpacking the car, turned on the Fox Business Chanel. I cannot remember the commentators name, but she was bantering with the guest about how difficult it is refinance a mortgage these days. One complained ...
Whitney Is Right On, Again.
Merideth Whitney was one of a small handfull of people - people with a microphone that Wall Street listens to - who accurately predicted the fall of the financial industry back in 2007. In my book, that's a feather in her cap. Another kudos goes out to her for this call, made yesterday. She is right ...
Atlanta’s Million Dollar Mortgage Challenge
Teaming with some real estate professionals from around Atlanta, we are launching a big project: Atlanta's Million Dollar Mortgage Challenge. The goal - to help 125 first time home buyers into their first home by November 30, each receiving the $8000 ...
The Time to Buy or Refinance a Home is Now!
I perused this article this morning, which is one of many that back up what I have been saying in this blog for some time now. Once the Fed stops buying Mortgage Backed Securities, mortgage rates will increase. And, probably dramatically so. Recently, I saw a Mortgage Bankers Association article which indicated that the ...