Posts Tagged ‘natalie ransom’

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Atlanta home prices up 4% in May (Natalie Ransom)

July 19, 2010
Natalie Ransom, Buckhead Office, REALTOR®

Natalie Ransom, Buckhead Office, REALTOR®

From Atlanta Business Chronicle

For the second month in a row, home prices in metro Atlanta increased.

CoreLogic (NYSE: CLGX) on Tuesday published its Home Price Index (HPI), which shows home prices, including distressed sales, in metro Atlanta rose 4.03 percent in May 2010 compared to May 2009. This compares to April’s year-over-year HPI, which was 1.11 percent.

Home prices in the United States also rose in May, marking the fourth-consecutive month with a national increase. American home prices, including distressed sales, increased 2.9 percent.

The top five states with the highest appreciation in May were Vermont (5.1 percent), Rhode Island (5.5 percent), Massachusetts (5.7 percent), Virginia (6.8 percent), and California (7.9 percent).

The five state with the biggest price losses were Idaho (-6.6 percent), Alabama (-5.3 percent), New Mexico (-4.2 percent), Maryland (-3.1 percent) and Wyoming (-3.1 percent).

“Home price appreciation stabilized as homebuyer tax credit driven sales peaked in late spring,” said Mark Fleming, chief economist for CoreLogic, in a statement. “But given that the labor market and income growth remain tepid we expect prices to moderate and possibly decline the rest of the year.”

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Existing home sales jump 7.6% (Natalie Ransom)

May 25, 2010

Taken from the Atlanta Business Chronicle

Natalie Ransom, Buckhead Office, REALTOR®

Natalie Ransom, Buckhead Office, REALTOR®

Sales of existing homes in April were up 7.6 percent in March, led not only by the homebuyer tax credit, but by improving consumer confidence and favorable affordability conditions, according to the National Association of Realtors.

Compared to a year ago, existing home sales were up 22.8 percent.

In the NAR’s South region, which includes Georgia, existing home sales increased 8.6 percent and were up 23 percent from a year earlier. The median price in the region was up 1.2 percent to $150,000.

“The upswing in April existing-home sales was expected because of the tax credit inducement, and no doubt there will be some temporary fallback in the months immediately after it expires, bit other factors are supporting the market, said NAR chief economist Lawrence Yun. “For people who were on the sidelines, there’s been a return of buyer confidence with stabilizing home prices, an improving economy and mortgage interest rates that remain historically low.”

While sales rose sharply nationally, the number of homes on the market also rose, with total housing inventory at the end of April up 11.5 percent.

The NAR also notes rising prices, saying median existing home prices were up 4 percent from April 2009. Foreclosures and other distressed sales accounted for 33 percent of sales in April.

The biggest jump in April prices was for condos and co-ops, up 9.1 percent from the previous month, according to the NAR.

The biggest month-over-month increase in sales regionally was in the Northeast, surging 21.1 percent.


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Pending home sales jump 5.3 percent (Natalie Ransom)

May 5, 2010
Submitted by: Natalie Ransom, Buckhead Office, REALTOR®

Submitted by: Natalie Ransom, Buckhead Office, REALTOR®

Taken from The Atlanta Business Chronicle

Buyers racing to beat the home buyer tax credit deadline pushed pending sales of existing homes in March up 5.3 percent from the previous month, according to the National Association of Realtors.

Pending sales were up 21.1 percent from a year ago.

The Pending Sales Index does not break out specific metropolitan areas. But by region, pending sales in the South were up 28.3 percent from a year earlier.

The tax credit expired April 30, and lack of that incentive may slow sales in the next few months, the Realtor’s group said.

“In the months immediately following the expiration of the tax credit, we expect measurably lower sales,” said NAR chief economist Lawrence Yun. “Later in the second half of the year, and into 2011, home sales will likely become self-sustaining if the economy can add jobs at a respectable pace, and from a return of buyer demand as they see home values stabilizing.”

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Is Atlanta a “fun” place to live? (Natalie Ransom)

May 1, 2010

Are you having fun yet, Atlanta?

Natalie Ransom, Buckhead Office, REALTOR®

Natalie Ransom, Buckhead Office, REALTOR®

According to a recent study by Atlanta Business Chronicle sister publication Portfolio.com/bizjournals, Atlanta is a moderately fun city, ranking 34th out of 100 American cities.

A comprehensive formula was created to evaluate the opportunities for fun in the nation’s 100 largest markets. And according to the study, Atlanta is a great place to shop, but not so fun for those into sports and gambling.

The process began with the collection of federal statistics for 14 relevant types of businesses, from retail stores and restaurants to gambling casinos and golf courses. Each market was graded on both the volume (total number) and the concentration (rate per 100,000 residents) of such businesses.

Results were then grouped in seven broad categories of fun: shopping, food and drink, culture, popular entertainment, gambling, and high-impact and low-impact sports. The best scores went to markets that performed well in a wide array of categories.

Atlanta placed 18th for shopping, 30th for food and drink, 35th for culture, 37th for popular entertainment, 56th for gambling, 40th for high-impact sports and 42nd for low-impact sports.

The top cities for fun, in order, are New York, Chicago, Boston, Miami, Los Angeles, San Francisco, Seattle, Portland (Maine), Philadelphia and Minneapolis.

Click here to see the full interactive list of cities.

Read more: Portfolio.com: Atlanta a fairly fun city – Atlanta Business Chronicle:

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You can now pay for parking by phone in Downtown and Midtown (Natalie Ransom)

April 8, 2010
Natalie Ransom, Buckhead Office Founding Member, REALTOR®

Natalie Ransom, Buckhead Office Founding Member, REALTOR®

Submitted by Natalie Ransom of Atlanta Fine Homes Sotheby’s International Realty.Taken from Atlanta Business Chronicle

Parkmobile USA Inc., already in use at Atlantic Station, will now be available in eight Lanier Parking Solutions lots downtown and Midtown.

Parkmobile lets customers pay for parking with their cell phone instead of digging for loose change. To use the service, customers can register by calling toll-free, 877-PARK-714 or visiting www.parkmobile.com/us. iPhone users can visit the iTunes app store. Downloading the mobile application is free.

 
After setting up the account, customers can immediately start using the system with their registered mobile phone. Customers also can select the option to receive text message alerts and reminders 15 minutes before their time expires.

The service will roll out in three phases. Phase one includes: Peachtree Street, Marietta Street, Spring Street, Ralph McGill Blvd., Third Street and West Peachtree Street.

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More reasons to bet on Atlanta (Natalie Ransom)

March 31, 2010

 

Natalie Ransom, Buckhead Office Founding Member, REALTOR®

Natalie Ransom, Buckhead Office Founding Member, REALTOR®

Submitted by Natalie Ransom of Atlanta Fine Homes Sotheby’s International Realty. Taken from the Atlanta Journal-Constitution

Over the past 25 years, metro Atlanta has consistently been about the fastest-growing major metro area in America. OK, I know Las Vegas snuck into the top spot a couple of times on a percentage basis, but there was no one there to begin with, so it doesn’t count.

But the real estate meltdown, coupled with the recession, has been unkind to our region. Most areas have seen prices drop, and demand is still only a fraction of what it was before the fall of 2007. A glut of bank-owned homes clogs our market, and a seemingly endless inventory of high-end new construction is still not selling.

That’s why I was pleased to read “Betting On Atlanta” in a recent edition of the New York Times “Economix Blog.”

Written by Harvard economist Edward L. Glaeser, the article paints Atlanta emerging as a “mighty metropolitan economy” and goes on to review our history, as non-natives often are inclined to do.

He explains that a rich history of educational institutions, our proximity to cotton and the rise of Coca-Cola contributed to Atlanta’s rise. He also cites low cost of land for development.

But he discounts those as major factors in the years ahead.

Instead, Glaeser points to three areas that will lead Atlanta back to the top of the economic hill:

● Atlanta is the dominant city in the Southeast, with no 
real rivals in the region. The fact that large cities continue to thrive is a “remarkable fact” of our age, and he believes we will benefit from it.

● The Atlanta metro area also benefits from a business-friendly political environment that draws new corporate citizens.

● And finally, he points to Atlanta’s highly skilled population. In the city itself, 43 percent of adults have college degrees. The author sees the percentage of workers with college degrees as a “powerful predictor of urban growth.”

He concludes that Atlanta will once again rise from its own ashes, as Northerners are prone to say.

While I agree with all of the reasons presented above, I might offer one powerful benefit of living in Atlanta that is often overlooked, and that is the “true cost of living.”

It’s called “cost efficiency,” and it’s the median income of a town divided by the cost of living there. In other words, how well can you live based on how much you are likely to get paid?

A study of these numbers in Kiplinger Magazine reveals an eye-opening statistic:

Of America’s 50 largest cities, the Atlanta metro area ranks first in “cost effectiveness.” In other words, it pays to live in Atlanta, where higher income and lower cost of living translate into a better quality of life.

Glaeser concludes with this gem:

“Smart money never bets against the ability of a huge concentration of smart people to weather an economic storm. Don’t count Atlanta out.”

 John Adams is an author, broadcaster and investor. He answers real estate questions on radio station WGKA (920am) every Saturday at noon.

 

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Census: Atlanta now 9th-largest U.S. city (Natalie Ransom)

March 24, 2010

Natalie Ransom, Buckhead Office Founding Member, REALTOR®

Natalie Ransom, Buckhead Office Founding Member, REALTOR®

Taken from the Atlanta Business Chronicle

Submitted by Natalie Ransom, REALTOR®, Atlanta Fine Homes Sotheby’s International Realty

Atlanta grew last decade into the ninth-largest city in the nation, new U.S. Census Bureau figures show.

The metropolitan are grew by 1,227,232 people to 5,475,213 in 2010 from 4,247,981 in 2000. Atlanta was the nation’s 11th-largest city in 2000.

 New York kept its crown as the nation’s largest metro area with 19 million, followed by Los Angeles with 12.8 million and Chicago with 9.6 million.

Raleigh, N.C., saw the most dramatic gain in residents, and Buffalo, N.Y., and New Orleans, suffered the sharpest declines.

The population figures are based on 2000 Census data updated every year with new birth and death certificates. View a full list here.

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Forbes: Five billionaires call Georgia home (Natalie Ransom)

March 12, 2010

Natalie Ransom, Buckhead Office Founding Member, REALTOR®

Natalie Ransom, Buckhead Office Founding Member, REALTOR®

From The Atlanta Business Chronicle (March 11, 2010)

Submitted by Natalie Ransom

There is a new richest man in the world and Georgia remains home to five billionaires, according to Forbes magazine’s new annual ranking of the richest people in the world published Thursday.

The wealthiest among Georgia’s billionaires remains Anne Cox Chambers, the 90-year-old daughter of James M. Cox, the media mogul who built Cox Enterprises. Her estimated net worth is $10 billion, up $1 billion over 2009. She ranked 64th on the overall list.

Cox Chambers’ nephew James Kennedy, 62, is ranked 154th richest with net worth of $5 billion, up from $4.5 billion in 2009.

Chick-fil-A Inc. founder S. Truett Cathy, 89, is tied with another Atlantan at 655th with an estimated net worth of $1.5 billion. It is his first mention on the world’s wealthiest list, though he was on Forbes’ wealthiest Americans list last year.

Bernie Marcus, the 80-year-old The Home Depot Inc. (NYSE: HD) co-founder, Georgia Aquarium benefactor and Atlanta philanthropist, also ranked 655th with an estimated net worth of $1.5 billion. His net worth was estimated at $1.,2 billion in 2009.

Home Depot co-founder and Atlanta Falcons owner Arthur Blank, 67, came in at 773rd on the list with an estimated net worth of $1.3 billion. His net worth was estimated at $1.,2 billion in 2009.

Carlos Slim, the 70-year-old Mexican telecommunications mogul took the honors as world’s wealthiest person, with a net worth of $53.5 billion. That was just above Microsoft co-founder Bill Gates’ net worth of $53 billion.

Click here to see the complete list.

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“Sandy Springs 9th-most affluent U.S. community” (Natalie Ransom)

February 23, 2010

Natalie Ransom, Buckhead Office Founding Member, REALTOR®

Natalie Ransom, Buckhead Office Founding Member, REALTOR®

Submitted by Natalie Ransom, REALTOR®, Atlanta Fine Homes Sotheby’s International Realty

From www.bizjournals.com

Georgia’s most affluent area is also among the top 10 wealthiest areas in the nation, but it isn’t Atlanta.

In its rankings of 420 U.S. communities with populations above 75,000, Portfolio.com said Sandy Springs, Ga., is the ninth-most affluent area in the United States and second-most in the South. The city has a per capita income of $55,752, a median household income of $71,592 and median house value of $486,500. Some 17.6 percent of its households boast annual incomes of $200,000 or more.

Roswell, Ga., ranked 49th overall and eight in the South with a per capita income of $36,001, median household income of $75,490 and median house value of $322,800.

Atlanta came in 79th in the United States with a per capita income of $35,128, median household income of $48,865 and median house value of $254,600.

For article online visit:          

http://atlanta.bizjournals.com/atlanta/stories/2010/02/22/daily11.html?ed=2010-02-22&ana=e_du_pap

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Atlanta home prices showing improvement (Natalie Ransom)

January 26, 2010
Natalie Ransom, REALTOR, Founding Partner

Natalie Ransom, REALTOR® and Founding Partner

Submitted by Natalie Ransom, REALTOR®, Atlanta Fine Homes Sotheby’s International Realty

From the Atlanta Business Chronicle

The decline in Atlanta home prices continued to slow from October to November 2009, according to the Standard & Poors/Case-Shiller Home Price Index published Tuesday.

The report shows the price of a home in the Atlanta market was down only 0.8 percent from October to November and down 6.2 percent year over year in November. Atlanta home prices were basically flat from September to October.

The average decline for the nation’s top 20 metros was 0.2 percent from October to November and was 5.3 percent year over year. This marks approximately 10 months of improved readings in the annual statistics, beginning in early 2009, and is the third consecutive month these statistics have registered single digit declines, after 20 consecutive months of double digit declines.

As of November 2009, average home prices across the United States are at similar levels to where they were in late 2003. From the peak in the second quarter of 2006 through the trough in April 2009, the 20-city composite is down 32.6 percent.

“While we continue to see broad improvement in home prices as measured by the annual rate, the latest data show a far more mixed picture when you look at other details,” said David M. Blitzer, chairman of the Index Committee at Standard & Poor’s, in a statement. “Only five of the markets saw price increases in November versus October. What is more interesting is that four of the markets — Charlotte, Las Vegas, Seattle and Tampa — posted new low index levels as measured by the past four years. In other words, any gains they might have seen in recent months have been erased and November is now considered their current trough value.”

Please click here for the entire article from the Atlanta Business Chronicle on Atlanta home prices showing improvement.

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