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Gainesville, GA

Are We at the Bottom?

Mignon Hooper: Real Estate Agent in Gainesville, GA

People ask me all the time are we at the bottom? The tough part about that questions is we won't know until we've hit the bottom and are on our way back up. Then we'll look back and say "Oh, the bottom was 6 months ago", which is too late to hit "the bottom".

At any rate, the longest recession since 1937 we have seen recessions has been 16 months. According to NAR, our recession started in December of 2007. Sixteen months would bring us to April of 2009. If we actually see a trend that is as long as 16 months the light at the end of the tunnel is just ahead. Yes, the nation is on the edge, companies are makeing HUGE cut backs, and change is happening today in the White House, but I'm looking forward to see what this clensing does for our economy. We, including myself, need to get back to basics. First God, then Family, then Work, then everyone else...should be our priorities.

Don't wait on legislatures to stimulate the economy! If you are on the fence to buy a house, now is the time. Prices are low, interest rates are at record lows, and the market will come back. Remember rules of buying stocks? Buy LOW, Sell HIGH. Well....we are having a SALE in Real Estate and LOW prices for homes and the stock market are now available.

Millionaires are made in this type of economy...is it going to be you?

Lake Levels rising

Charlie  Ragonesi 706- 579-1098: Real Estate Brokerage in Big Canoe, GA

All across North Georgia important Corp of engineer lake levels are rising. Lake Lanier , thanks to Faye rose 2 feet. Other lakes are doing the same.

This is important for the savvy real estate buyer for a couple of reasons. Property on Corp lakes is depressed due in part to low water levels. Every body finally I think , "gets it". Conservation and planning are very important. So I believe once these lakes return to full measures will be in place to conserve the water.

Now is the time to buy if you are looking for property on Corp lakes. Buy while the lakes are dry.

If you are selling you have to be heartened by recent rain events. You will have to hold on a little longer for top dollar. As the levels rise so do the prices.In the end it is that tension between buyers and sellers that make the market prices.

If you are looking for lake property we at All Mountain rRealty have a team of experts that understand Corp lakes, and other lake issues. Contact us at 706 579 1098 or visit us on line at www.allmtnrealty.com

Lake Lanier Market Report first Quarter 2008

05-22-08
Tamara Stout
Tamara Stout: Real Estate Agent in Cumming, GA

It seems that the "perfect storm" hit Lake Lanier last year. First, were the effects of a two year drought which not only left little recreational water but almost left the city of Atlanta without drinking water (oh, those endangered mussels in Apalachicola are special creatures). Then to make matters worse, the mortgage "crisis" and credit crunch hit. The good news is that lake levels are rising (although still a far cry from full pool), drought conditions are not predicted for the summer, and prices for lake front homes for the first quarter of 2008 were, on average, about 2.5% higher than the first quarter of 2007 (based on FMLS data)! The average list price for the first quarter of this year was approximately $691,000. There are currently 17 properties pending and the average list price of those properties is about $711,000...more good news! Having said all of this, supply is still outpacing demand. Almost 50% fewer homes sold in the first quarter of 2008 compared with the first quarter of 2007, and there are currently about 49 months of inventory for lake front single family residential homes.

The reality is that while inventories are high, lake front properties will hold their value over time. Again, it's the issue of supply and demand since there is a limit to lake front property. Now is a great time to consider buying that lake home you've always wanted.

Gainesville, Hall County, Georgia

Amanda Johnson: Property Manager in Gainesville, GA

So previously I had a client that had asked me if there were any places in the city of Lula, Hall County, Georgia that were gated and I was unable to please her with anything. So now we are looking for gated communities in Gainesville city, Hall County, Georgia. I am still looking for something. I was hoping that someone out there one this web-site would be able to give me any information. I would greatly appreciate it. Thanks!

Gainesville, Hall County, Georgia

Amanda Johnson: Property Manager in Gainesville, GA

So finally I just started to manage my first property here in Gainesville, Hall County, Georgia and boy do I love it! Gainesville is truly a great city. The people here are phenomenal as well as many of the homes and properties available. I've been negotiating with my clients and many of them have been looking to invest in land and homes here. Hopefully the market will continue to grow here for me as well for others.