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Monthly Archives: October 2011

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Fulton County Schools Propose SLOST IV

Your Guy for That Friday, October 28th, 2011 No Comments

Fulton County School System has called for a referendum for citizens to consider the continuation of a Special Purpose Local Option Sales Tax (SPLOST). SPLOST has funded capital needs in the Fulton County School System since 1997. Previous SPLOST programs have funded 37 new schools, 28 school additions and multiple projects such as roof replacement, HVAC renovations, floor covering replacements, surveillance camera installations and playfield enhancements. If approved by voters, this SPLOST referendum would be third continuation of the sales tax.
A significant portion of SPLOST IV will be dedicated to school level and system wide enhancement of technology. SPLOST IV goes beyond bricks and mortar by funding new computers for students and teachers, distance learning in all high schools and h… Continue Reading Fulton County Schools Propose SLOST IV

Posted in College Park, East Point, Fulton County, Hapeville, News & Reports, Schools, Taxes

Common Property Line Issues

Your Guy for That Thursday, October 27th, 2011 No Comments

Below are just a few of the many Property Line Issues that may arise during a Due Diligence Period when buying a home, or they may exist for your home today. Alley and blurred property lines are very common in older communities in the Greater Atlanta area, including East Point, College Park & Hapeville. If you have questions regarding your property line please call Your Guy for That, Dustin Drabot, for additional assistance.

Abandoned Alleys
There is an old abandoned alley or street abutting the property. Who owns the abandoned property?

Over long periods of time, adjoining owners have used the abandoned property as their own.
The abandoned alley or street belongs to the municipality. However, in most instances, upon request, the municipality will divide the abandoned alley in hal… Continue Reading Common Property Line Issues

Posted in Atlanta, College Park, East Point, Hapeville, Legal Issues, Metro Atlanta, Real Estate

Interest Rates Move Higher

Your Guy for That Wednesday, October 26th, 2011 No Comments

Investors have grown more optimistic about US economic growth and less concerned about Europe over the last week. This optimism has been great for the stock market but not so great for mortgage rates. After reaching new lows the week before last, mortgage rates have pushed higher each of the last two weeks.
On the heels of very strong September Employment data, last week’s September Retail Sales Report also exceeded expectations. Retail Sales were up 1.1% from August (see graph below) above the consensus forecast of 0.6%. In addition, the FOMC Minutes from the September 21 Fed meeting revealed that Fed officials expect the economy to avoid recession. In recent weeks, investors have been gradually upgrading their economic outlook. Stronger growth is good for the economy, but it increases in… Continue Reading Interest Rates Move Higher

Posted in Buyer Tools, Interest Rates, Mortgage News, News & Reports

East Point Comprehensive Plan Meetings

Your Guy for That Tuesday, October 25th, 2011 No Comments

The City of East Point is in the process of updating it’s Comprehensive Plan which will serve as the road map to the City’s future.  The plan will be the basis for Planning and Zoning decisions for the next 25 years, 2011 through 2036 and this is your opportunity to have a say in the City’s future.
Here is the schedule for community input:

Community Meeting #1: Wards C & DOctober 25   6:30-8:00pmMt. Olive Baptist or Mt. Olive 7th Day Adventist Community Meeting #2: Wards A & BOctober 27   6:30-8:00pm
Jefferson Park Recreation Center Open HouseNovember 3    6:30-8:00pm
Jefferson Park Recreation Center 
East Point Character Area Map
A Character Area is a geographic area within a community with unique characteristics to be preserved or enhanced, potential to evolve into a … Continue Reading East Point Comprehensive Plan Meetings

Posted in East Point

Join Me for a Business Builder Lunch

Your Guy for That Tuesday, October 25th, 2011 No Comments

I would like to invite you to lunch this Wednesday, October 26th as a part of the AGLCC’s Business Builder Luncheon Series. The East Point Corner Tavern offers a great atmosphere to enjoy positive conversation! Don’t miss this opportunity to tell us about yourself and your business plans for the rest of the year. If you have not already RSVP’d, please e-mail my co-host at manderson@schloemerbusiness.com to reserve your seat.
Be sure to add this as a recurring event on your calendar. The Atlanta Gay & Lesbian Chamber of Commerce (AGLCC) hosts Business Builder Lunches on most Wednesdays and some Tuesdays around Metro Atlanta. The East Point Corner Tavern hosts the AGLCC’s Business Builder Lunch in East Point on the FOURTH WEDESDAY of each month.
The Corner Tavern 2783 Main Street East Po… Continue Reading Join Me for a Business Builder Lunch

Posted in Atlanta, College Park, East Point, Fort McPherson, Fulton County, Hapeville, Metro Atlanta, Small Business

This Month in Real Estate – Video

Your Guy for That Monday, October 24th, 2011 1 Comment

Check out this month’s edition of This Month in Real Estate:
… Continue Reading This Month in Real Estate – Video

Posted in Keller Williams, Mortgage News, News & Reports, Real Estate

October Inventory Report

Your Guy for That Friday, October 21st, 2011 1 Comment

The supply of homes measured in months on the market at their current pace of sales fell 10.5% in the month of August, to an 8.5 month supply of inventory, down from a 9.5-month supply in July. With homes being more affordable than they have been in a generation and the lowest levels of new home construction since World War II, this inventory is projected to continue to fall, which will eventually result in the appreciation of home prices and a move toward a balanced market.
… Continue Reading October Inventory Report

Posted in Mortgage News, News & Reports, Real Estate

October Home Price Report

Your Guy for That Thursday, October 20th, 2011 1 Comment

Homes prices were down, with a 5.1% drop in August compared to a year ago. The national median price for homes in August was $168,300, with distressed properties, foreclosures, and short sales still accounting for 31% of sales. The buyer’s market for residential property continues, as favorable prices, and record low interest rates offer the most affordable conditions for purchasing a home in the last 40 years.
… Continue Reading October Home Price Report

Posted in Foreclosure, Interest Rates, Mortgage News, News & Reports, Real Estate

October Home Sales Report

Your Guy for That Wednesday, October 19th, 2011 1 Comment

August home sales were up 18.6% year-to-year, posting a 7.7% increase in sales activity over July despite Hurricane Irene, which struck the Eastern seaboard and New England regions at the end of the month. As a result of the hurricane, the Northeast experienced the smallest increase in sales. At the same time, persisting restrictions among banks affecting home lending are having the greatest constraint on sales levels. NAR Chief Economist Lawrence Yun stated, “The market can easily move into a healthy expansion if mortgage underwriting standards return to normalcy.”
 

… Continue Reading October Home Sales Report

Posted in Mortgage News, News & Reports, Real Estate

October 2011 Market Update

Your Guy for That Monday, October 17th, 2011 No Comments

Despite some pessimism pertaining to the global and domestic economies, the U.S. housing sector continues to show promising signs of stability and growth. Low levels of new home construction and gaining sales volume fueled by an inventory of affordable housing since Richard Nixon was president have reduced the number of homes on the market. This means home prices may begin to appreciate again.

While there are many factors that can be barriers to buying a home, such as the tightening of mortgage lending rules by banks, consumer confidence in the job market is among one of the top obstacles to home ownership. In the 2011 Housing Pulse Survey conducted by the National Association of Realtors, 80% of respondents cited job security as their primary concern when deciding to buy.

For only the f… Continue Reading October 2011 Market Update

Posted in Keller Williams, News & Reports, Real Estate
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