Sept. 2010 Update
Directors, First Multiple Listing Service September 20, 2010 Denise Gryder 678-420-4422 Our housing market is not doing well. There were 3,945 closings for all single family in August 2010 versus 4,806 for the same year ago period. This is a year-to-year decline of 17.9% and our 3rd consecutive monthly year-to-year decline. There have been 34,092 closings for all single family in 2010 through August. This is a decline of 1.3% over 2009 January-August and clearly is a sign we have not had a bottom or recovery yet. There were 3,372 closings for single family detached in August or a decline of 17.1% from the same year ago period. This is ...
Need to Know: Servicing Your Air Conditioner
HCFCs and the Ozone Layer The stratospheric ozone layer shields the Earth from the sun’s harmful ultraviolet radiation. Emissions of certain synthetic chemicals – including CFCs, halons, and HCFCs – destroy the ozone layer, and have created an “ozone hole” over the South Pole. Through the Montreal Protocol on Substances that Deplete the Ozone Layer, the United States committed to a collaborative, international effort to regulate and phase out ozone-depleting substances. While the US phased out of CFCs and halons in the mid 90’s, we now must first limit HCFC consumption to a specific level and then reduce it in a step-wise ...
January 2010 Market Report
The Atlanta housing market ended the year on a positive note. However, the strength in October & November did not follow through into December. This may be a reflection of the housing stimulus ending and then being reinstated, but the overall bad economy remains a negative factor for housing demand. There were 622 closings for single family attached in December. This was a 20.3% increase over December 2008 and was the 3rd consecutive monthly year-to-year double digit percentage increase. Out of the last 34 monthly periods the number of closings declined in 26 out of the first 27 months. But, ...
Real Estate Plays A Key Role in Energy Efficiency
Image via Wikipedia The real estate sector plays a key role in energy efficiency and conservation. The United Nations’ Intergovernmental Panel on Climate Change determined that cost-effective energy efficiency measures in buildings could reduce building emissions by 30% from the 2020 estimated baseline. Basic improvements include improved building insulation, greater heating and cooling efficiencies, energy-efficient lighting, and energy-efficient appliances. Learn more about the United Nations' Sustainable Building & Construction Initiative here.
Spotlight on Water
Our communities are facing greater challenges regarding water supply and infrastructure. How much water does an individual use daily? Find out here! 10 Water Trivia Facts: How much of the earth’s surface is water? ?80% How much of the earth’s water is suitable for drinking water??1% How much water does an individual use daily?? Over 100 gallons (all uses) In which room is the most water used? Bathroom How much water can you save by turning off the tap ...
November 2009 Market Report
The positive trends that were experienced in October continued in a big way for November. The year-to-year percentage change for all single family closings was another double digit consecutive percentage increase. It was also the greatest year-to-year percentage increase on record. Our housing industry had been down for 13 consecutive quarters, but it is a very good bet that 4th quarter 2009 will have a year-to-tear increase for all single family closings. Not just up, but a double digit percentage increase. There were 4,377 closings for all single family in November and this was against a very weak 2008 result. However, ...
October 2009 Market Report
Directors, First Multiple Listing Service November 20, 2009 I ended last month’s letter with “Housing is an important component for the overall Atlanta economy and the 4th quarter will be a critical indicator of 2010’s direction”. I am going to report some pre-holiday cheer, as October had the strongest year-to-year percentage increase in closings for all single family since May 2006. There were 4,532 closings in October for all single family. This is a 10.3% increase over October 2008 and after lags are reported the percentage increase should be at least 15%. Single family attached closed 741 units in October 2009. This is ...
Marietta Celebrates 175 Years!
Marietta is celebrating 175 years. We invite you to enjoy Marietta's long, rich history. With plenty of parks and green spaces, a well-respected school district and a wide variety of new home choices, more people than ever are choosing to move to Marietta. Revitalization of the city is underway with a variety of new housing developments, including single-family residences, townhomes and condos, many within a few steps of the vibrant Marietta Square.
September 2009 Market Report
Directors, First Multiple Listing Service September 22, 2009 There is more good news to report for August. For the first time since September 2008 and for only the second monthly reporting period out of the last thirty, single family attached closed more units than the same year ago period. There were 681 single family attached closings August 2009 versus 680 August 2008. This is an increase of only one, but after lags are reported there will be about a 5% increase. Now for the bad news: I was really expecting back to back positive year to year increases for single family detached ...
August Market Report
It is not official yet, but after lags are reported single family detached will have a positive year-to-year increase in closings for July. It still looks like single family attached will be negative, but combined with single family detached, total closings will still be positive. This is very encouraging, but we need consecutive year-to-year monthly increases before we even consider this as our turnaround. I am going to be optimistic, as I believe we will. There were 4,325 closings for single family detached in July 2009 versus 4,475 for July 2008. This is a decline of 3.4%, but will be easily ...
