While the United States Congress and the White House are in a virtual stand-off over the federal budget, many government-funded programs that affect the Atlanta real estate industry are shut down or facing significant shortages of both staff and funds. With the uncertainty of how long the government shutdown will last, The National Association of Home Builders (NAHB) has compiled[...]
As the automatic spending cuts known as "sequestration" start, the effects to one of the government agencies most tied to housing, specifically new home construction, the Federal Housing Administration (FHA), are beginning to be revealed. Currently, approximately 25 percent of purchase money mortgages issued for home purchases involve the use of FHA insured mortgages. The budget cuts will have the biggest[...]
Recent figures released by HUD and the U.S. Census Bureau show that new home sales in January surged by 15.6 percent to a seasonally adjusted annual rate of 437,000. All regions of the country saw increases, and this sales pace is the highest since July of 2008. "The surge in demand for new homes this January is an excellent sign that[...]
Are you thinking about jumping into the foreclosure market and becoming a landlord? I'm reporting from Ilyce Glink's Profiting from Foreclosures event. Around 400 budding Atlanta investors are present along with some of the pros who are giving advice on how to invest in Atlanta real estate. Ilyce asks the burning question, "Where do all the people live who have[...]