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Real estate news in Atlanta

Average Days on Market Decreasing?

By Stephanie Sims How fast agents sell homes depends on a number of things – location, condition of the property, foreclosure/short sale status and the state of the market. But a hugely important indicator is how many days a

C’mon, Get…Foreclosed? Trouble in Paradise for David Cassidy

By Peter Ricci There have been many celebrity victims of the housing downturn, and a new article from Zillow is reporting that Partridge Family alum David Cassidy is facing foreclosure on his 34th-floor penthouse in the Los Olas River

Clients Concerned About Zombie Attacks? Show Them These Homes

By Stephanie Sims With zombies trending lately, in pop culture and several times in the news scarily enough, perhaps your clients have wondered aloud whether or not they should buy a property that would defend against any future apocalyptic

NAHB Improving Markets Index Expanded to 84 Cities

The National Association of Home Builders/First American Improving Markets Index (IMI) expanded yet again last month, with the NAHB adding 11 more metros to the index, which now totals 84. A measure of improving economic conditions, the IMI now

Miami Surpasses Chicago in Construction of High-Rise Buildings

Is the 305 passing the 312? New construction data from McGraw-Hill Dodge on high-rises in the U.S. contained an interesting nugget of information – from 2000 to 2011, there were more projects for buildings of 20 or more stories

Mortgage Underwriting Standards Less Strict in 2012

Lessening underwriting standards are the great white whale in housing’s recovery, and the 2012 Survey of Credit Underwriting Practices from the Office of the Comptroller of the Currency (OCC) is making some suggestions that the tide may be turning for home

Related Urban Receives $60 Million Tax Credit For Public Housing

The Related Group’s affordable housing division, Related Urban Development, has been granted a $60 million tax credit to fund public housing projects in the area, according to a June 21 press release. Albert Milo, senior vice president for Related

NAR Pending Home Sales Index Rises 5.9 Percent in May, Shelton and Stewart Realtors Broker/Co-Owner Tere Shelton Bernace on ‘Vicious Cycle’

The National Association of Realtors’ Pending Home Sale Index bounced back to positive territory in May, rising 5.9 percent to its highest level in two years. With a reading of 101.1, the index is 13.3 percent higher than a

Median Condo Sales Price Jumps 22 Percent in Miami, EWM International’s Christopher Zoller on ‘Seller’s Market”

Miami home prices were up for the sixth consecutive month in May, with median condo prices increasing by 22 percent, according to new data from the Miami Association of Realtors (MAR). Statewide, sale prices were similarly encouraging, increasing 8.9

Miami Home Prices Rise 3.2 Percent in April 2012 Case-Shiller Index

Home prices in Miami continued their stellar performance in the latest Case-Shiller Home Price Index, increasing 3.2 percent from last year, according to Standard & Poor’s (S&P). In addition, prices rose by 0.4 percent from March to April, and that

New Home Sales For May 2012 Leap 19.8 Percent, Alicia Cervera Lamadrid on ‘Staggering’ Miami Market

Sales of new singe-family homes for the month of May, according to new data from the Census Bureau, rose 19.8 percent year-over-year to a two-year high. The 369,000 seasonally-adjusted annual rate was also 7.6 percent above April’s rate of

Kahn Drody Sells Jeb Bush Home

Lani Kahn Drody, Master Brokers Forum member, and president of Lowell International Realty, recently sold former Florida Governor Jeb Bush’s home located at 629 Altara Ave. The home, located in Coral Gables, closed at a price that was over

Existing-Home Sales Increase 9.6 Percent, Ralph De Martino on ‘Very, Very Good’ Miami Market

Existing-home sales in May declined 1.5 percent from April to May to a seasonally adjusted annual rate of 4.55 million, but were up 9.6 percent from May 2011, according to the National Association of Realtors. Median existing-home price, though,

Related Group Towers To New Heights With Mybrickell

Miami-based developer The Related Group is building great success with their new downtown Miami development Mybrickell, as the group is set to reward over $3.2 million in commission checks to its brokers, according to an issued press release. Brokers

Miami Real Estate is Cooking Like Canadian Bacon

It’s no mystery to Realtors in Miami that foreign investment has comprised a big chunk of the city’s recent surge in real estate, but a detail of that surge may surprise some. Of all the foreign groups buying housing

Infamous Versace Mansion Listed for $125 Million

The Casa Casuarina, the late Gianni Versace’s Miami Beach mansion, has been listed for $125 million, the highest listing price in the Miami area. Listed by Jill Eber and Jill Hertzberg of The Jills, a Coldwell Banker team, the

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