Mortgage and Housing Volatility… Over?
February 2nd, 2010 Categories: For Buyers, For Sellers
Over on one of my other blogs, I re-blogged a post from Jeff Corbett. He is VERY involved int eh mortgage and housing industry and loves diving into the ugly underbelly of the industry.
- Image by The Life of Bryan via Flickr
In this post, he lays out the reasons he sees why there will be increased volitility in the mortgage and housing sectors. Basically, since the Fed is currently slated to stop buying mortgages next month…
It is worth a read…
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- Mortgage and Housing Volatility Far From Over (gwinnettgarageguy.com)
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Say Goodbye to the Stone Mountain Super Target…
January 21st, 2010 Categories: Lilburn
- Image via Wikipedia
Originally built in 1999, the Super Target located in the shadow of Stone Mountain, next to the old Olympic Tennis Venue, will be closing as of January 30th, 2010. Faced with declining profits from the store, Target is pulling the plug. Read the rest of this entry »
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My New Challenge – Junior Achievement
January 16th, 2010 Categories: Things to do
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A while back, I wrote that I had volunteered with Junior Achievement. Up until now we hadn’t been able to find an assignment that was reasonably close… but that changed this week.
I am now the JA volunteer for Ms. Ferrer-Adames 4th Grade class at Nesbitt Elementary School in Gwinnett County. and I recently had our first class together. It was a lot of fun. Read the rest of this entry »
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Lilburn Market Report for December 2009
January 12th, 2010 Categories: For Buyers, For Sellers, Lilburn
This has certainly been an interesting year in real estate. And we are still staring at the tea leaves trying to see the direction of the market and figure out what the future holds.
The biggest thing in housing in the last few months has been the First Time Home Buyer Tax Credit. It has had a GIANT pull on the market, and when it “expired” (it was renewed and expanded before it actually expired, but the effect seemed to expire) it altered the direction of the market… as it did when it was enacted.
Let’s get a few numbers for Lilburn out of the way… Read the rest of this entry »
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DR Horton has started building in Legends at Parkview
January 9th, 2010 Categories: For Buyers, Lilburn
I’ve written a couple of posts about the Legends at Parkview. Mayfield Homes was the original building in the community, but they ended up getting foreclosed. DR Horton picked up the remaining lots and have recently started construction. Read the rest of this entry »
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Interested in New Home promotions in and around Gwinnett County, GA?
January 1st, 2010 Categories: For Buyers, Lilburn
I have just rolled out a system to update YOU when there are promotions in new home communities in and around Gwinnett County, GA. There are days I get 6 or 7 notices from builders and developers, and there are weeks when there aren’t any… But, as soon as I get them, I will forward them to my new toy platform. Read the rest of this entry »
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New Homes Around Gwinnett County
December 19th, 2009 Categories: For Buyers, Lilburn
There are still some new home developments going up around Gwinnett County, GA. Even though we keep hearing on the TV and radio that new construction has all but stalled, it hasn’t completely stopped.
And, December is traditionally the slowest month of the year for homes to go under contract (January is the slowest for closings…). So, there are a number of builders that are offering incentives for buyers during this time of year. Read the rest of this entry »
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Try the LOCAL guy… HL Computers in Lilburn
December 15th, 2009 Categories: Lilburn
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This morning my wife woke me up to tell me that her desktop computer wouldn’t turn over. She pushed the button, and nothin’…
It is old, and although it has had a little bit of updating, it isn’t going to get much money input because it just isn’t worth it. We knew it was likely a power supply. They don’t cost much, but sometimes when you have to get something quickly, and local is the only option… prices seem to get a little higher. Read the rest of this entry »
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Where in the World is Lilburn, GA?
December 12th, 2009 Categories: For Buyers, Lilburn
And more importantly, why does it matter?
A little about Lilburn…
Lilburn is a little city in the suburbs of Atlanta, GA, in southern Gwinnett County. It is the home of Parkview High School and Berkmar High School. And while the City of Lilburn has about 11,000 people (as of the 2000 Census… it has grown since then), there are a couple time that many people with a Lilburn mailing address. In fact, the most recent numbers show over 53,000 people residing in 30047, Lilburn’s ZIP code.
The City of Lilburn was founded by the Seabord Airline Railway in 1890, but it was previously called McDaniel (until around 1900). It was renamed in honor of Lilburn Trigg Myers, a Superintendent of the railroad, and incorporated on July 27th, 1910. In the 1920s, Lilburn suffered a devastating fire, then the boll weevil killed the cotton crop in the area. The result was that shortly after the stock market cresh of 1929, the government “ceased to exist”. It wasn’t until a new water line was needed in 1955 that the city government was re-organized. Read the rest of this entry »
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Absorption Rate? What is this about?
December 7th, 2009 Categories: For Buyers, For Sellers
There are some terms that we toss around in the real estate industry as if people knew what we were talking about… Absorption Rate is one of those terms.
It isn’t complicated, but if you are unfamiliar with the term, if can be confusing. And unlike “Bacon Double Cheeseburger”, it isn’t really self explanatory.
What is Absorption Rate? Read the rest of this entry »
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