Half of people surveyed by Relocation.com moved to improve their living situation. This is a huge improvement from last March when the majority of people moved due to the recession.
•26% moved to live in a bigger or better home
•24% moved into a better neighborhood
•12% moved to be closer to family or friends
•9% moved into an area with a lower cost of living
•6% moved due to a change in marital status
•3% or less for each of the following: school, job loss, retirement, or foreclosure
For Further Questions feel free to contact us.To check Your Local Market Data go to Your Market Snapdshot For further information about Metro Atlanta. orIf you have a Real Estate need in Atlanta trust the Full time Local professionals at Team Renton Keller Williams. For Free Home Search for Metro Atlanta go to http://www.servingdouglasvillehomes.com
On August 20, the first phase of the credit card bill that was approved in May took effect.
Key changes in the way credit cards work include:
1.Customers will now receive 45 days notice,
up from 15 days, before interest rates increase. 2.The minimum balance due can increase by no more
than two times the percentage that it previously has been. 3.Bills must be mailed 21 days, up from 14 days,
before the payment is due.
The balance of the bill's provisions will become effective in February. Until then, consumer advocates' concerns center around credit card issuers continuing to increase rates, lower credit limits, decrease rewards programs, and close inactive accounts. Credit card companies reaffirm these actions are not due to legislation but decreasing credit scores.
This bill intends to help consumers control credit and unknown expenses. As consumers consider buying or selling a home, knowing monthly expenses becomes increasingly important in understanding how much they can afford and are comfortable spending on housing.
For Further Questions feel free to contact us.To check Your Local Market Data go to Your Market Snapdshot For further information about Metro Atlanta. orIf you have a Real Estate need in Atlanta trust the Full time Local professionals at Team Renton Keller Williams. For Free Home Search for Metro Atlanta go to http://www.servingdouglasvillehomes.com
"Cash for Clunkers" began July 24 with such overwhelming demand that the program, originally set to expire November 1, burned through funding with amazing speed. In the first week alone, the incredible demand depleted the entire budget of $1 billion. A second round of $2 billion in funds extended the program's life by a few weeks, but the program ended on August 24 with no plans to revive or extend it.
The success of the program has put 690,000 new fuel efficient cars on the road and has saved jobs in the auto industry. In some cases it has even brought laid-off employees back to work. For example, GM announced plans to reinstate almost 1,400 employees and add overtime for a substantial number of existing employees.
The government's $8,000 first time-home buyer tax credit has also seen tremendous success with first-timers making up 30% of all buyers in July. First-time buyers made up as much as half of all buyers in earlier months this year. As the tax credit reaches its expiration, the government may take a similar approach as with the Cash for Clunkers program- declaring it a success and unwinding the program.
For Further Questions feel free to contact us.To check Your Local Market Data go to Your Market Snapdshot For further information about Metro Atlanta. orIf you have a Real Estate need in Atlanta trust the Full time Local professionals at Team Renton Keller Williams. For Free Home Search for Metro Atlanta go to http://www.servingdouglasvillehomes.com
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For Further Questions feel free to contact us.To check Your Local Market Data go to Your Market Snapdshot For further information about Metro Atlanta. orIf you have a Real Estate need in Atlanta trust the Full time Local professionals at Team Renton Keller Williams. For Free Home Search for Metro Atlanta go to http://www.servingdouglasvillehomes.com
Market Comment - Week of October 5th, 2009
Mortgage bond prices rose last week pushing mortgage interest rates lower. Consumer confidence came in weaker than expected helping rates rally Tuesday morning. The ADP employment release showed more job losses than expected. The employment report Friday morning confirmed the ADP payroll data indicating the US economy shed 263,000 jobs in September.
For the week, interest rates fell by about 7/8 of a discount point.
Another round of Treasury auctions hits the market this week. Solid foreign demand will help rates remain the same or improve. Signs that foreign demand is diminishing will not bode well for mortgage interest rates. Weekly jobless claims set for release Thursday will carry a bit more weight than usual due to the lack of other economic data.
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Economic Factors |
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Economic Indicator |
Release Date Time |
Consensus Estimate |
Analysis |
|
3-year Treasury Note Auction |
Tuesday, Oct. 6, 2009 |
None |
Important. $39 billion of notes will be auctioned. Strong demand may lead to lower mortgage rates. |
|
10-year Treasury Note Auction |
Wednesday, Oct. 7, 2009 |
None |
Important. $20 billion of notes will be auctioned. Strong demand may lead to lower mortgage rates. |
|
Consumer Credit |
Wednesday, Oct. 7, 2009 |
Down $9.5 billion |
Low importance. A significantly larger than expected figure may lead to lower mortgage interest rates. |
|
Weekly Jobless Claims |
Thursday, Oct. 8, 2009 |
None |
Moderately Important. A measure of employment. Job weakness may help rates improve. |
|
30-year Treasury Bond Auction |
Thursday, Oct. 8, 2009 |
None |
Important. $12 billion of bonds will be auctioned. Strong demand may lead to lower mortgage rates. |
|
Trade Data |
Friday, Oct. 9, 2009 |
$33 billion deficit |
Important. Affects the value of the dollar. A falling deficit may strengthen the dollar and lead to lower rates. |
Professionals
Obtaining a mortgage is often a confusing task that can also lead to frustration. The reason for the confusion is due to the fact that mortgage financing is complex. The good news is that this complexity provides consumers with options and choices best suited to fit their needs.
Everyone's financial position is unique. Some people have large cash reserves that can be used for down payments while others want to get into a home with little or no money down. Credit ratings vary from person to person. In addition, future plans vary. Some people plan on staying in their home for the rest of their lives while others only plan on staying for a few years.
These facts alone make comparing your mortgage to your neighbor's based on rate alone a flawed endeavor, yet many people attempt to do so. Admittedly, everyone wants a good deal. Keep in mind that comparing rates is just one component of the entire mortgage. Other variables include the term, down payment requirements, income qualifications, credit ratings, reserve requirements, current debt, prepaid points, and many more.
A mortgage professional is able to take all of these variables that are unique to each individual and help a person obtain the mortgage loan that works best for their situation. The service they provide is time consuming and complex. However, the rewards of dealing with a professional carry forward throughout a borrower's life. Making wise financial decisions today helps to pave the way for a safe and secure future.
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For all your Metro Atlanta Real Estate Needs. From Intown to your town.We are Full Service, Full Time & Fully Committed to You. Free Home search at www.servingdouglasvillehomes.com
I lead a Mega Team of agents composed of Dana Renton (Marketing Manager), Mandy Seay (Buyers Specialist, Commercial & Land)
We continue to beat the market for both our sellers and buyers. 'We sell more because we do more.'Staying ahead of the market shift and employing the latest technology & systems, guarantees the best sevice for our clients.
Our full-service, full-time and fully-committed team serves our clients with upmost respect and loyalty. Everyone gets the same quality service! We practice outstanding customer service and employ the latest technology. Since our Team's inception last year, we have realized unmitigated growth in a market that sees many agents, out of frustration, handing their licenses back to the Real Estate Commission. We now represent some of the largest Banks Builders and auction Companies in the State, as well as serving individual homes owners. We are beating the average list price to sales price and days on market constantly. We would be remiss in our efforts without the support and training Keller Williams Realty has provided, the superlative talent our agents continuously contribute, and the Team's undying desire to be the best!
Paul specializes in understanding the market and real estate trends of West Atlanta and Georgia. With 11 Years in the metro area as a builder for John Wieland Homes and Sales Consultant for David Weekley Homes, along with Our Team is a Win - Win for any client we serve. Paul has already been identified as a Mega agent to watch and is already teaching for top producing agents in the Atlanta Metro area, as well as consulting for top builders local, regional and National Banks and Investment Groups.
As an experienced builder who concentrates it's building operations in Cobb, Douglas and Paulding Counties, we are excited to partner with the best sales and marketing real estate team on the west side of Atlanta. Team Renton from Keller Williams Atlanta West office brings a new vitality and excitement to Leland Homes, Atlanta's Best boutique builder. Already successful together in representing banks on their REO portfolios, we look for even more great things in the future as the market recovers."
Mark. O. Gibbs President Leland Homes & Neighborhoods Last year I accepted a new job in Houston, TX and needed to sell my home as quickly as possible. I hired a local real estate company that had a "non-traditional" approach to selling homes that came with a lot of guarantees if they did not perform. I had to sign a long-term contract and agree to reduce the price of the home every few weeks if it didn't sell. Long story short, it was a nightmare and after 6 months, I still owned the home and needed to get to Houston. That is when I met "English Paul". It took only a few minutes of conversation to know that this man knew what he was doing. He and his team were very responsive to our every need and implemented a marketing plan that worked. No tricks, no gimmicks, just solid marketing. Less than 60 days later, we had moved into our new home in Houston and received a very good price for the home that we sold. Moving to a new part of the country is really tough, but the Keller Williams network made this easy as well. We didn't just take our chances on getting a good agent in Houston. Paul researched the area and personally called KW in Houston to make sure that we had the best agent in the office. In a world that treats "service" like a 4 letter word, it is nice to find a company that still believes in taking care of their customer, but it is even nicer to see someone do what they are paid to do; sell your home. I would recommend Team Renton to anyone in this tough real estate market. Roger Ballenger, Houston Texas
"My house was on the market with a Realtor for over a year with no success. Paul & Dana listed my house and I had more activity in 3 weeks than it had in the previous year. Their professionalism and work ethic was wonderful, they were not only my real estate professionals but they also became good friends.
They worked just as hard to find me a new construction home that had the same floor plan as a 18 year old re-sale. With their negotiating skills I now have a brand new home for the same price. I have already recommended their Team to family and friends and will continue to do so.
Karen Eubanks
Douglasville
"We tried for 6 months to sell our home ourselves but no luck. We then listed withe a Real Estate comapny for another 6 months. We had only one interested buyer whonever showed up and no showings. We then listed with Paul & Dana in 24 days we had a full price offer. We were very impressed with the work they put into their marketing. It was also nice to have ateam of professionals working for us to provide us just what we needed. They also did a great job finding us our next home in a short period of time. GREAT JOB!! Paul & Dana, we will definately come to you in the future and We have and will contiue to recommend you to everyone we know.
Patsy & Perry Green
Douglasville Homeowners
"The Renton Team worked out fantastically for me. The moment Paul placed the sign in the yard, people were showing interest! I had 3 people interested and a firm buyer within the first week! They made the process easy keeping me informed every step of the way. I trust Team Renton and I am currently working with them to buy some land. I now have a real estate agent for life! Thank you Paul and Dana."
Andrea Phillips
Douglasville
"I tried to market my home in Chapel Hills subdivision for nine months. I listed with Paul and Dana, and within 23 days they presented a full price offer! I have now closed and look forward to working with Paul and Dana again."
Steven Gessner
Home Owner
"The Renton team made my first experience selling a house painless. They were available whenever I needed them. They did an outstanding job detailing the best features of my house for a fast sell."
"I will definately use Team Renton in the future when I purchase my next property!"
Heather Skelton
"So often you hear that buying a home can be a cumbersome process. As I reflect back on my home buyer experience, I can only have fond moments. This experience could not have taken place if I had not had Paul Renton as my realtor. Paul was a breath of fresh air."
David Cox
Home Owner
"We highly recommend Paul and Dana Renton of Keller Williams Realty for any of your real estate needs. They have helped us over the last couple of years with the purchase and selling of our real estate. The Renton's are people that really care. Thanks from our family to yours."
Wayne, Ginger, and Carrie Wilson
Douglasville; Home owners
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