January 2011

Found 4 blog entries for January 2011.

Bright Spots & Not So Bright Spots of 2010 & 2011

At the beginning of every year, it is a good time to reflect back on what happened in the past year and look forward to the things to come in the New Year. While the real estate industry did not come out of its slump as predicted, it also did not slide any deeper in the Northern Atlanta market. In fact, we remained at a even level over the past 12 months versus all the negative predictions made over the same 12-month period. Some areas have had small gains and others have had small losses but over all we remained at about the same level as we ended 2009.

A Return to Sanity

All the so-called sweeping changes made to the financial industry also have had very little effect on the basic day-to-day

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Key Mortgage Events of 2010

Minimum Credit Scored Raised to 640

During 2010, the mortgage lending industry saw credit requirements tighten. The minimum mid FICO score was raised from 580 to 640. That alone removed almost 30% of potential home buyers from the market place. For those considering on purchasing or refinancing in the next six months, it would be beneficial to obtain all three FICO scores issued by Experian, Transunion and Equifax. The mortgage lender will use the mid of the three FICO scores to determine if the consumer meets the minimum mid FICO score requirement.

Federal & State Licensing For All Georgia Mortgage Loan Officers

The State of Georgia required all mortgage loan officers be Federally and State licensed beginning

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Good News-Bad News You Decide

Year end numbers are a mixed bag. On one hand we saw more homes going under contract during the months of November and December than we saw in in November and December 2009. On the other hand we saw fourth quarter closing drop to a level not seen since 1998. One part of me wants to scream and other part of me wants to scream, although for different reasons. I guess I should just keep my mouth shut, and be thankful for the small things.


December 2010 closings came in at 3,800 for all single family units. This includes attached and detached units. This combined number is an 8.7% decline over December 2009, and is the seventh consecutive year to year monthly decline in number of closing.

December 2010

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Hunters Forest Subdivision-One of the most affordable home ownership alternatives in Alpharetta/Johns Creek. 


Located in the heart of Alpharetta/Johns Creek in 30022, this home is ready to call home.  Enjoy the convenience of walking to Kroger or the gym, or walk to dinner at Outback Steak House.  Or if you have children feel comfortable walking with them the short distance to school or allow them to enjoy the short walk with friends.  For those needing access to 400 or 141, Hunters Forest is only a couple of minutes from both.  Regardless of your motivation, you will love the convenience of this location. As for the home, it is located in the rear of the subdivision, at the mouth of the cul-de-sac, resulting in few cars and increased privacy.

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