Dunwoody, GA

Dunwoody GA

It is hard to imagine many places in Northern GA as historic because just a few years ago there was so very little developement here. Then the growth of Atlanta and its suburbs exploded and much of what we see is very new. The historic "Cheek-Spruill Farmhouse" in Dunwoody Georgia is listed in the national register of historic properties and serves as the Dunwoody Town Hall both as headquarters for the Dunwoody Preservation Trust and the Dunwoody Homeowners Association.

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Home Sales in Dunwoody July 2009

Free Dunwoody Real Estate home search engine FreeDunwoodyHomeSearch.com You cannot talk about Atlanta Real Estate without talking about Dunwoody Real Estate. This once-farming community has grown into an elegant suburb. Dunwoody is a lovely mix of 50’s ranches, 70’s traditionals, new construction, cluster homes as well as mixed use developments. Dunwoody offers some of the best of what the Atlanta suburbs have to offer, including lush park land, minimal traffic congestion and historic gems. It’s central location near Perimeter Mall and other shopping and dining helped land it on CNN.money 2005’s best places to retire. I-285 and GA-400 are located nearby. Dunwoody Real estate and homes for sale has prices ranging from $257,500 to $2,499,000. Call Becky today 678-248-3500 for additional information. Buying or Selling your Dunwoody Real Estate. Call us for your a Real Estate check up.

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The Missing (Tax Credit) Link - Part II

Good news for 1st time home buyers!

HUD has once again allowed a homebuyer to "monetize" their $8000 1st Time Homebuyer Tax Credit. Monetization means obtaining an advance on the tax credit for the use of paying a down payment and other costs associated with a home purchase. Without an advance, the tax credit would only be available once a tax return is filed after the purchase of a home.

Buyers beware: not all tax advances are the same. Only advances made by State agencies and Hud-approved non-profits can be used for both the 3.5% down payment and other purchase related costs. If the advance is made by any other party, including the lender, seller or an interested person to the transaction, then the down payment can only be used to pay costs in excess of the 3.5% required down payment.

Big difference.

Several states already have their programs in place. So now it is up to the Housing Finance Authorities of the State of Georgia to implement the program set-up by HUD.

I say do it quick............... this is good news of everyone!

UPDATE: TO DATE, THE STATE OF GEORGIA NEVER DID IMPLEMENT A PROGRAM TO PROVIDE THE FUNDING FOR STATE AND HUD-APPROVED NON-PROFITS TO MAKE TAX CREDIT ADVANCES POSSIBLE.

Wow! The financial markets are so unpredictable and volatile right now.

Thursday, a week ago, it looked like rates had a chance to improve to levels we have not seen yet. Now, a few business days later, we are at 6 month highs. What in tarnation happened?

Here is the perfect storm that hit quickly:

1) The AAA rating of the US government became has been questioned and made a big topic
2) The Treasury is selling a record $162 Billion of US debt the week of 5/25
3) Consumer confidence rises
4) NABE saying recession may end in 3rd quarter
5) Several big names in the news talking about inflation being a factor once the economy turns around

So what happens from here? That's a tough one but here it goes: The markets are known to overreact and they have definitely overreacted this week. We should see a correction simply from the overreaction. Looking forward, the Fed still has availability to purchase substantial amounts mortgage-backed securities. We should improve from here. Will we get back to rates below 5%? Don't know.

For those who are waiting for rates to reach 3% before you act, let this be a wake up call. Sub-5% fixed rates are something we'll see possibly once in a lifetime. Take advantage of it before it's gone.