Here’s an interest rate update on behalf of Glenn Robinson of SunTrust Mortgage:
Pricing improved as a result of the mid term election results on Tuesday, November 2, 2010. Investors have responded favorably to the outcome as well as the Fed’s announcement that they will reinstate the treasury purchase program over the next six months. The Fed announced earlier this week that they were planning to buy an additional trillion dollars of securities with the intention of driving these rates even lower. There could potentially be a backlash here as this could trigger inflation down the road but it should give us a nice little boost in the short term.
This weekend’s activities are sure to make your feet stomp!
Chomp and Stomp
Chomp and Stomp is a chili cook-off and festival happening Saturday, November 6, 2010 from 11am – 6pm. Come early to taste the chili samples. This year, Chomp and Stomp is going green with recyclable spoons and chili cups.
For more information on Chomp and Stomp, click here.
We are happy to announce The Gramercy Townhomes have officially been sold out! Located in the Perimeter Atlanta area, these townhomes were highly sought after for the location offering a live, work and play environment for every homeowner. Congratulations to the builders / developers: Southeast Capital Partners and Tri Point Builders and the Morris and Raper sales team for a successful sellout of The Gramercy Townhomes!
For information on other Atlanta townhomes we represent, click here.
This weekend is halloween and provides some great family activities involved around this yearly tradition kids just love. Whether you want to take the kids to the zoo or the mall or Atlantic Station, this weekend has the perfect halloween event suited just for you.
For this Tuesday’s Home Bargain deal, the deal is happening at Talley Street Lofts in Decatur, Georgia. The last new loft remains at Talley Street for the best price!
Loft number #302 is a 1 bedroom loft with a den, 1 bathroom at approximately 918 square feet. Priced at $137,000, this last new never lived loft at Talley Street offers beautiful finishes, all appliances including stainless steel refrigerator, full size washer and dryer and more!
Here’s a current market update on behalf of DeAnn Ellis of Main Street Home Loans:
Last week saw September Housing Starts UP 0.3% to an annual rate of 610,000 units, well ahead of the expected 580,000 unit pace. Even better, starts are UP 4.1% over a year ago. Interestingly, the September gain was totally driven by a healthy 4.4% rise in single family starts, while multi-family starts dropped 9.7%. But multi-family starts are volatile month to month, and are actually up 100.0% compared to a year ago, while single family starts are off 10.8% during the same time frame.
