Monthly Archives: March 2011

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Your Guy for That, Dustin Drabot is a real estate expert serving the East Point, Fort McPherson, College Park, Hapeville and surrounding metro Atlanta area. A member of Keller Williams Realty Intown Atlanta, Dustin can be reached directly at 404-507-2267 or Dustin@YourGuyForThat.com… Continue Reading This Month in Real Estate Video

The uptick in home sales and a shrinking inventory pared down the month’s supply to 7.6 months, a decrease of 7.3% from December and 1% from year-ago levels. This is the lowest level in more than a year and marks the first time since July that the month’s supply is below where it was the previous year. Months of inventory has declined steadily (64%) from its peak of 12.5 months in July and is now back to pre-tax credit expiration levels. The supply of inventory is not far from a seller’s market, which is less than 6 month’s supply.

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Your Guy for That, Dustin Drabot is a real estate expert serving the East Point, Fort McPherson, College Park, Hapeville and surrounding metro Atlanta area. A member of Keller Williams Realty Intown Atlanta, Dustin can be reached directly at 404-5… Continue Reading March Inventory Report

Home prices softened in January with median home prices decreasing slightly to $158,800 – 3.7% below the year-ago level. Contributing to this is a larger share of distressed homes sales, which accounted for 37% of sales in January compared to 30%-35% throughout much of 2010. Prices and mortgage rates remain favorable for buyers.

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Your Guy for That, Dustin Drabot is a real estate expert serving the East Point, Fort McPherson, College Park, Hapeville and surrounding metro Atlanta area. A member of Keller Williams Realty Intown Atlanta, Dustin can be reached directly at 404-507-2267 or Dustin@YourGuyForThat.com… Continue Reading March Home Price Report

The increasing trend in existing home sales activity continued through January, and for the first time rose above year-ago levels when the home buyer tax credit was in effect. This marks the sixth monthly increase since July when the tax credit expired, and indicates a recovery that’s gaining a firmer footing without government support.

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Your Guy for That, Dustin Drabot is a real estate expert serving the East Point, Fort McPherson, College Park, Hapeville and surrounding metro Atlanta area. A member of Keller Williams Realty Intown Atlanta, Dustin can be reached directly at 404-507-2267 or Dustin@YourGuyForThat.com… Continue Reading March Home Sales Update

Gradual progress in the housing market continues at a steady pace without government support. The market has shown remarkable improvement from the initial drop after the expiration of the home buyer tax credit this past July. Although higher-than-normal distressed sales skew the overall picture of home prices downward, inventory continues to shrink and sales continue to rise. The rock-bottom interest rates of 2010 are likely to trend upward. As economists anticipate rates at or above 6% by the end of 2012, buyers are moving off the sidelines and into the market.
A good sign for long-term market stability is that the median down payment on conventional mortgages has risen to 22%, up from 4% in 2006 and slightly above the 20% standard in the 1990s.  This may keep buyers looking in slightly … Continue Reading March 2011 Market Update