The Bush administration on Wednesday largely abandoned its plan to buy up toxic mortgage assets and said it will focus its $700 billion financial bailout fund on making direct investments in financial institutions and shoring up consumer credit markets.

The U.S. Treasury Department initially promoted the financial rescue package approved by Congress last month as a vehicle to buy illiquid mortgage assets from banks and other institutions to spur fresh lending.

that plan never got off the ground and U.S. Treasury Secretary Henry Paulson told a news conference asset purchases were not the most effective use of the funds.

Paulson was unapologetic, saying that by the time the rescue bill was passed on October 3, it was clear the asset purchase plan would take too long and would not be sufficient to calm roiling markets

So what are the solutions and where should the money be spent? I can assure you that between today and January 5th we will hear wild idea after wild idea and more then a few CEO and CFO's will hop on their "private" jets to head to Washington to ask for a little handout opps I mean bailout.

However, for Mr. and Ms Homeowner -- it will always to be late, if we wait for government to take action and save the drowning man .. the lake will die up and dust will blow across the bones of all those that waited for Hope and a lifeline.

Mr. and Mrs Homeowner Please Don't Wait --take action -- call your Leander -- for a work out -- list your home as for a short sale-- do something --dog paddle your way to shore NOW. There are solution and resources, call me lets see what we can do together starting now.

Come to my house:
MY SUWANEE HOME.com

Atlanta started to see a decline in sales volume and units in June, 2007. And, to date, our market has still not recovered. Year over year decline in closings is over 30% from last year.

OVERALL ATLANTA MARKET RECAP

• Market has experienced declines for the past 18 months in a row.
• An average of 7 percent of all outstanding listings are selling each month.
• Past 3 (three) months show slight increases of home values. A possible indicator Atlanta home values may be stabilizing.
• New home construction is down over 80 percent
• Mortgage rates projected to decline slightly over the rest of the year with a gradual increase over time.
• Months supply of inventory for single family detached homes (resale) stands at 13.2
• Months supply of inventory for condos (resale) stands at 13.6

A LOOK BACK OVER SEPTEMBER, 2008

Economic conditions will obviously play a big part in the housing recovery for all markets: Oil prices have dropped considerably, we should start seeing improvement in the credit markets; and, although Atlanta has always provided affordable housing compared to many other parts of the country, it is without question, home prices are even more affordable now than they have been in years.

Articles of Interest:

Opec Basket Prices
Short Term Energy Outlook
The Forecast

Data is believed accurate at time of recording, but not guaranteed.

Through November 30, 2008
Check website for specific dates & times

The 2008 Atlanta Magazine Dream Home, “Villa Bella Vista,” is a Tuscan-inspired estate at The River Club in Suwanee. It features three levels of luxurious living spaces, including outdoor rooms designed for year-round gatherings. The house overlooks a community lake and the second hole of the Greg Norman–designed golf course.

Click Here to Search for Homes For Sale at The River Club

Sleigh bells ring are you listening?

• enjoy the old town holiday festival and caboose lighting.
• watch as santa magically lights the red caboose
• sing along with the elementary choruses
• giggle with delight while enjoying a carriage ride
• stay warm with hot chocolate
• fill your tummy with yummy s'mores and cookies