Georgia Property Tax Appeal Data

Average Metro Home Prices Fall in February

By Michelle E. Shaw
The Atlanta Journal-Constitution

The average sale price of existing single-family homes in metro Atlanta tumbled 13.6 percent in February from a year earlier, dashing hopes for the first upward pricing trend since last summer.

Georgia Property Tax Legislative Update

The Georgia Legislature is a little drunk on the passage of last year's sweeping property tax changes so they are bellying up to the bar for another round:

Top Tier Selling, Your Tier Isn't

The Recovery Will Be Bifurcated

The Best of Times and the Worst of Times

A great time to be a real estate investor, not such a great time to be an owner-occupant.

Amazon Killed the Retail Store

Will Electronic Commerce Kill Brick-and-Mortar Retail?

Gwinnett County Property Tax Assessment Notices

Repost: Gwinnett commercial notices won't go out until late next week, approximately 3/24/11.

Gwinnett County Tax Assessor's website shows commercial notices will be mailed this Friday, March 18th. I called their front office and they verified that this is correct. If your notice is dated March 18 you have until May 2nd to file your appeal.

They are also saying residential assessment notices will be mailed on April 15th. If your notice is dated April 15th you will have until May 30th to appeal.

New Housing Can't Compete with Short Sales and Foreclosures?

US housing construction plunges

WASHINGTON (AFP) – Construction of new homes in the United States plunged in February to near record lows and building permits hit bottom, official data showed Wednesday in a dismal report on the ailing housing market.

http://news.yahoo.com/s/afp/20110316/ts_alt_afp/useconomyconstructionhousing

Your Building's Not a Trophy?

All the talk about a commercial real estate recovery or claims that “the other shoe” isn’t going to drop are focused on a narrow slice of the commercial real estate market.

Georgia Property Tax Appeals

There is little doubt in my mind that unless the unemployment rate plunges to “normal” levels soon prices will drift lower from here. How deep are investor’s pockets? If they stop buying how many months of inventory will there ultimately be?

Underwater mortgages rise as home prices fall

Housing Value Problems to Stay

I am reposting this to supplement the double dip talk.

As Whitney Tilson and Glenn Tongue of T2 Partners LLC showed in their excellent analysis and 2009 book "More Mortgage Meltdown" the foreclosure crisis is far from over. The problem loans yet to peak are the Alt-A loans, also referred to as "liar loans" because of the lack of documentation of income and assets (73 percent of securitized Alt-A loans). The Alt-A market is estimated to be 50 to 100% larger than the subprime market. The problems with subprime loans occurred first because their interest rates typically reset after only two years. Alt-A loans typically had five year resets. Alt-A resets began to surge in 2010 and they will continue to rise into 2012.
http://www.moremortgagemeltdown.com/

Underwater mortgages rise as home prices fall

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