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Jan Hair and Eugene James are this week’s guests on Atlanta Real Estate Forum Radio. Jan and Eugene both talk about what the current housing market levels mean for buyers, sellers and builders.
Jan Hair is a real estate consultant with Keller Williams Signature Partner Group. She has been a real estate agent for more than 15 years, and she is an associate broker with several designations. Keller Williams is currently the number two company in the country, and is in a position to become number one in 2013.
The rumors are true, it really is a seller’s market. Banks are now holding on to foreclosures longer, which means there is now 30 to 40 percent less inventory than this time last year. Due to decreasing inventory levels, buyers are now having to compete on the remaining properties, and homes are more frequently selling for or above the asking price. If you’re a seller, you need to make sure your house is in perfect condition and is priced right in order to sell your home faster.
For more information on buying and selling in the current market, listen to the full podcast!
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This week’s Deal of the Day is from Brock Built who is offering excellent incentives for both buyers and agents at Piedmont Crossing. Buyers will receive a 42-inch flat screen TV as well as half off upgrades up to $10,000 with a new home purchase by the end of the year, and agents will enjoy a $2,500 bonus! Piedmont Crossing in East Cobb only has four homes priced from the $410,000s remaining, so hurry in today! For more information, visit www.BrockBuilt.com.
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Our next guest is Eugene James who is the Atlanta director for Metrostudy. Eugene has been in real estate analytics for 25 years, and he was recently named the Associate of the Year by the Greater Atlanta Home Builders Association at the 32nd Annual OBIE Awards.
As of the end of the third quarter, Eugene says that all signs are looking positive for the Atlanta housing market. Builders are building as fast as they can, and housing starts are up 50 percent from this time last year. Closings are also up above last year, and buyers are looking to find new construction housing, which means builders have to start building again. It has been a long five years since construction has been strong, so our surplus inventory level, which was once more than a year’s worth, has shrunk to levels that match 15 years ago.
For more information on the current Atlanta housing market, listen to the full podcast. For more information on Metrostudy, visit their website.
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For more information on how you can feature your Atlanta new homes news, communities, products and services on Atlanta Real Estate Forum or Atlanta Real Estate Forum Radio, call 770-383-3360.
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