Archive for July, 2008
Hamilton Mill Sales Information for 2nd Quarter 2006 vs. 2007 vs. 2008
Related Posts: Hamilton Mill Real Estate, Area Information, Hamilton Mill Communities, Diamond Dwellings
hiIn Diamond Dwellings effort to provide the residents of Hamilton Mill and the surrounding area with the most up to date and useful real estate information we have compiled a comparison of home statistics for the second quarter of 2008 and the numbers are amazing.
Stats are from the dates of 4/30 - 7/30/ 2006, 2007 or 2008.
2008 homes sold in the last 90 days: 23
Same Period 2007: 36
Same Period 2006: 65
2008 Sales are down 33% over same year period 2007 vs. 2008
2008 Days on market: 100
Same Period 2007: 66
Same Period 2006: 63
2008 Days on Market are up 33% over same year period 2007 vs. 2008
2008 Average sales price: $385, 013
Same Period 2007: $395,596
Same Period 2006: $386,736
2008 Average Sales Price is down 2.5% vs. 2007
2008 current pending sales: 12
2008 # of expired listings: 40
Same period 2007: 51
Information compiled from the Georgia MLS and FMLS listing service and is believed to be accurate.
For additional information or if we can answer any questions for you please feel free to contact Matt Hermes at 678-279-4717.
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Top 10 Cities to Buy a Home - Altanta GA
Related Posts: Hamilton Mill Real Estate, Area Information, Hamilton Mill Communities, Diamond Dwellings
hiAs many experts predict, the bottom of the current housing market collapse is close to, if not past us and with that news the Atlanta GA. real estate market in my opinion is getting ready to make a turn for the better. In the coming months the market should stabilize and with the new Housing Bill signed by President Bush, buying a home should be easier for many who have been wanting or waiting to buy.
What the Bill should do is cause a ripple effect through the industry. As first time home buyers (or those that have not bought in the past three years) start to purchase lower cost homes, those who are able to sell will typically purchase more expensive homes, which allows those persons to “move up” as well, and so on and so on. How long this process takes to unfold I cannot answer, but in the past couple of weeks we are starting to see an increase in lower end home contracts which is a good sign.
With that being said, a recent article in Forbes magazine ranked the Top 10 Cities to Buy a Home and Atlanta Ga was ranked as the #10 spot to buy.
Financially, at least, the best places to buy houses are those where buying costs less than renting, tax incentives are attractive, and there’s an opportunity to build equity. Forbes magazine surveyed the 40 largest metropolitan area housing metrics looking for cities where home prices have appreciated over the last two years. It also measured vacancy rates. They also gave extra points to cities where rents are significantly higher than a buyer would pay for the same home. No surprise that Texas dominated the magazine’s list because of its healthy job market and growing tax revenues.
Here are the 10 cities that topped Forbes’ best-places-to-buy list:
1. Houston 2. Austin 3. St. Louis 4. Philadelphia 5. San Antonio 6. Dallas 7. Charlotte 8. San Francisco 9. Jacksonville
10. Atlanta
Source: Forbes, Maurna Desmond (07/14/08)
If you have any questions please give me a call to discuss.
Matt Hermes
Diamond Dwellings Realty
678-279-4717
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R McClain’s Restaurant near Hamilton Mill Rocks
Related Posts: Area Information
hiThe Hamilton Mill area is blessed with every chain restaurant known to man either here or at Mall of Georgia. But, everyone is always on the lookout for a new restaurant especially if it’s locally owned.We recently found a great new restaurant only about 10 miles away that you have to experience to believe. R. McClain’s opened last October in a new shopping center just east of Hoschton on SR 53. To get there, head out SR 124 (Braselton Hwy) from Hamilton Mill and turn right on SR 53 in Braselton. Continue through Hoschton (don’t blink or you’ll miss it!!) and R. McClain’s is located on the left in the new shops at Hoschton, a shopping center located behind a new Dollar Store. R. McClain’s features a great menu with everything from salads, burgers, steaks, pasta, seafood and veggies to home made desserts!!! We started with the Spinach and Cheese Dip, had great house salads, sampled some of the owner’s special fried shrimp and split the Cajun Pasta entrée. The atmosphere is quiet with nice booths and tables and excellent service. We didn’t have room for the homemade desserts but they will be sampled on the next trip. R. McClain’s is open on Sundays from 10 – 3 serving a brunch menu and their regular Meat and Vegetables also. They are open each day for lunch with a special lunch menu that includes vegetables, salads and entrees and then for dinner with a great menu. (closed on Mondays, fyi)Give it a try and let me know what you think. You’ll see me up there at least once a week for veggies! Here’s a link to their site: R McClain’s
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Hamilton Mill to Participate in the Atlanta Susan G. Komen Breast Cancer Walk
Related Posts: Area Information, Hamilton Mill Communities, Diamond Dwellings
hi
Did you know there are a number of our Hamilton Mill neighbors training to walk in the Atlanta 3-Day 60 mile walk to raise funds for the Susan G. Komen breast cancer foundation.
The Team Hamilton Mill for “The Girls” has been training for the past eight weeks or so with walks ranging from 4-10 miles. My wife Carmen has been up 3-4 days a week at 5:30 am with other Team members, Maya Brice, Rachel Staples, Mallory Eison and others to train for the walk.
The walk is scheduled to being on October 24th and each Team Member has committed to raise over $2,000 per person. Thus far over $20,000 has been raised by Carmen’s team alone.
There are a number of fundraising activities currently happening in the Hamilton Mill community to help raise the necessary funds. Thus far there has been a Poker Night, Tennis Fundraiser, Coupon Books, Restaurant fundraisers, T-shirt sales, and more.
Currently there is an ongoing bake sale at the Hamilton Mill Wal-Mart on Saturday morning and a raffle is currently still going on for a free one week stay in Hilton Head. Raffle tickets are still on sale for $10.
For additional information please contact us and help support “The Girls”
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Hamilton Mill - President Bush Signs The “Housing Bill”
Related Posts: Hamilton Mill Real Estate, Area Information, Hamilton Mill Communities, Diamond Dwellings
hiOver the past few weeks we all have probably heard the news that the Senate has proposed and signed a housing bill designed to help the struggling US housing market. Well, Hamilton Mill, President Bush has signed a massive housing bill intended to provide mortgage relief for 400,000 struggling U.S. homeowners and stabilize financial markets.
A White House spokesman said Bush signed the measure Wednesday to “improve confidence and stability in markets and to provide better oversight of Fannie Mae and Freddie Mac.”
The measure offers a temporary financial lifeline to troubled mortgage companies Fannie Mae and Freddie Mac and tightens controls over the two government-sponsored businesses.
It is regarded as the most significant U.S. housing legislation in decades. It lets homeowners who cannot afford their payments refinance into more affordable government-backed loans rather than losing their homes.
With home prices down 16 percent from their 2006 peak and foreclosures at a record high, lawmakers have been working on the housing bill for months in an effort to help homeowners and the overall market.
The bill contains a tax break of as much as $7,500 for first-time home buyers, creates a new regulator to oversee Fannie Mae and Freddie Mac and allows the government to insure up to $300 billion in refinanced mortgages. What is important to know however is that the tax break is spread out over a period of years and not a one time credit.
House Financial Services Committee Chairman Barney Frank, D-Mass., said the overall bill deals with a housing crisis brought about by “bad decisions and inaction and malfeasance from years before.”
The rescue plan would extend an unlimited line of credit to the two mortgage-finance giants for 18 months and give the Treasury the authority - also for 18 months - to buy Fannie and Freddie shares if the Treasury deems the companies’ capital to be inadequate.
Overall this bill will more than likely be a big boost to the real estate industry as a whole for a period of time but the overall effects will not be known for a period of months or years.
If you want further information on the bill that the President signed last night, give me a call or email your questions to me.
Matt Hermes
678-279-4717
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