This month in Atlanta Real Estate, we are witnessing a rising housing inventory and a shrinking pending home ration. This is not all that unusual from a seasonal trend, but if you look at this time last year, our inventory was quite a bit lower and we had a very strong Pending Home Ratio (Homes… Continue Reading
Category Archives: Home Sellers
Is there a New 3.8% Tax on Home Sales?
I’ve received many questions from clients asking if there is a new 3.8% Tax on Home Sales, so I thought I better shed some light on this topic. The topic itself comes from the passing of the Patient Protection Affordable Care Act (PPACA) health care legislation earlier this year. Before going any further, I just… Continue Reading
Atlanta Real Estate Market Update – September 2010
Inventory started to tick up a bit in August as Pending Sales continued to decline. The market is a little sluggish this year after coming out of a very charged Spring with the first time home buyer tax credit. There are lots of predictions as to what housing is going to do over the next… Continue Reading
Atlanta Real Estate Market Update – July 2010
June showed us a good review of the First-Time Home Buyer Tax Credit Hang Over effect. We had lots of closing which were mostly those closing that were required to get done by June 30th that were put under contract prior to May 1st. We saw the inventory continue to drop as deals that were… Continue Reading
Tax Credit Closing Extension Finally Complete
Just a quick update on the Home Buyer Tax Credit. On Wednesday night, the senate finally passed the closing deadline extension for the home buyer tax credit. This legislation extends the deadline to close on the property from June 30th until September 30th for eligible buyers who put their home under contract by April 30th… Continue Reading
Tax Credit Extension Still Not Complete!
As we have been tracking the progress of the various efforts to extend the closing date deadline on the First Time-Home-Buyer Tax Credit, it appears that Congress is bringing things right down to the last very minute. Currently, for all qualified Buyers who put a home under contract by April 30, 2010, in order to… Continue Reading
Atlanta Real Estate Market Update – June 2010
As predicted, we saw a drop in Inventory from April from 13.3 months of inventory to 10.7 months of inventory. This is a pretty dramatic drop, but it is a reflection of the First Time Home-Buyer tax credit ending at the end of April so we did expect to see this happen. What does it… Continue Reading