With the highest marks in the Foreclosure business and one of the leading bank REO listing team in Atlanta, now is the time to start thinking about that new home or investment property.

According to Realty Trac (a national foreclosure information source) “IRVINE, Calif. – Oct. 15, 2009 — RealtyTrac® (realtytrac.com), … default notices, scheduled auctions and bank repossessions — were reported on 937,840 properties in the third quarter, a 5 percent increase from the previous quarter and an increase of nearly 23 percent from Q3 2008. One in every 136 U.S. housing units received a foreclosure filing during the quarter — the highest quarterly foreclosure rate since RealtyTrac began issuing its report in the first quarter of 2005. ”

Further they said “Other states with foreclosure activity totals among the nation’s 10 highest include Georgia with its epicenter in Atlanta. SEE MORE AT www.atlprime.com.

According to the associated press in an article dated August 25, 2009: Consumer sentiment rose in august beating expectations. Is this an indication that consumers are becoming more confident in the spending and futures?
In that same article it is indicated that national home prices rose for the first time in three years.
While the indicators are still far below that of a healthy economy, there is promise of a brighter outlook.
Some economists expect a growth of about 2% in the next quarter. Hopes are for stronger consumer spending for the recovery to keep from fizzling.
Don’t forget the Home buyer tax credits end December 1, 2009, so call your Prime Real Estate Sales Associate for more information at 404-685-3774.

By Michelle E. Shaw

The Atlanta Journal-Constitution

9:32 p.m. Wednesday, August 12, 2009

The median sale price of a single-family home in metro Atlanta rose from the first quarter to second quarter of the year but remained well below year-ago levels, the National Association of Realtors says.

The median price was $121,400 in the three months that ended June 30, up 5 percent from $115,600 in the three months ended March 31. The current median price is 23 percent lower than it was this time last year, $158,300, according to figures released Wednesday by the association.

The median is the mid-point for all sales; half of homes sold were priced higher, and half were priced lower. A rise in foreclosures and other distress sales, coupled with a slow market for mid- and upper-price sales, depresses the median.

Though the price is still down year-over-year, quarterly improvement is progress in the right direction, housing analysts say.

“The real key will be year-over-year increases, but the quarterly movement shows things are moderating,” said Steve Palm, president of the Marietta real estate research firm SmartNumbers. “The numbers have been edging up since February, and quarterly progress is good to see.”

Nationally, 129 out of 155 metropolitan statistical areas saw second-quarter declines in median existing single-family home prices, compared to same period the year before. Twenty-six areas had price gains.

Median sale prices are lower than typical home valuations in many parts of the metro area because of market conditions.

“Recently sold homes are concentrated in lower price ranges,” said Lawrence Yun, chief economist for the Realtors’ association. “The median price may not be representative of overall values in a given area because many middle priced homes are not on the market.”

Foreclosures and sales for less than the loan value accounted for 36 percent of transactions across the country in the second quarter, according to the association. The national median existing single-family price was $174,100, down 16 percent from the second quarter of 2008, the release said.

Sales volume, declined 4 percent in Georgia in the second quarter from the first, and 5 percent year over year, according to the report. But 39 states had sales increases from the first quarter, and nine had year-over-year improvements, the association said.

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The U.S. Department of Housing and Urban Development’s (HUD) Neighborhood Stabilization Program (NSP) was established to stabilize communities that suffer from foreclosures and abandonment. Under the program, HUD has distributed nearly $4 billion to state and local housing authorities for the purchase and redevelopment of foreclosed and abandoned homes.
Fannie Mae supports the Neighborhood Stabilization Program and is working with public entities and nonprofits to match their interests with Fannie Mae’s REO inventory.
Call your experts at Prime Real Estate to learn more about how this can help you make smart investments today. 404-685-3774 or visit www.atlprime.com and click ’search foreclosures’ for the best deals in the city.

There has never been a better time to invest in real estate.  With so much trepedation in the stock market and real estate prices at bargain levels there has never been a better time to get in.  Buy low and sell high has never been a more valid approach.  Interest rates are fantastic too.  With this combination, smart investors are moving to investments they can see, feel and touch. 

Everyone needs a place to live, so many are buying rental properties at bargain basement prices and look for great appreciation and equity builds for their weakened portfolios.  We are already seeing prices stabilize in the Atlanta real estate market, while there is still incredible uncertainty in most other investment venues.  Call on your top producers and experts at Prime Real Estate in Atlanta’s midtown for all your real estate needs.

In this market more than ever, you need an expert to help you get your home sold too.  Maximizing your vaue and positioning is critical to moving property in today’s marketplace.  Smart sellers are calling on their Prime Real Estate selling agents to get their homes sold at the best possible prices.  Positioning, presentation and follow through are critical. No one knows this better that your ally at Prime Real Estate.

Contact us today at (404) 685-3774, or visit our web site at www.atlrpime.com.

There are a lot of INCREDIBLE deals out there right now for buyers and investors in the foreclosure market.  Many are taking advantage of nearly 50% discounts on these great properties.  Prime Real Estate is a foreclosure selling specialist and your best ally in getting the right property.  Contact your Prime Real Estate sales associate to get directed toward the right homes in Atlanta that are incredible deals for investors, homeowners and all other buyers alike.

You can see out current inventory at www.atlprime.com.  However, we have access to mant great properties before they hit the market, so calling a specialist for a sneak preview of what is coming gets you ahead of the game.  Of course we can also research many other great deals that are out there undetected to the typical eye.

Call our office at 404-685-3774 or email your Prime Real Estate associate today!  There has never been a better time to buy than today.  Atlanta is one of the top 10 markets in the United States and is poised for explosive growth going forward.  Get your slice of success today.

Check out this incredible 2BR/2BA loft at Ponce Springs with TONS of upgrades.  This spectacular top floor loft has everything you can imagine and it is priced less that the plain one down the hall with a poor view.  You would not believe all the extras this recently reuded loft has.  Located at 620 Glen Iris Drive #523, Atlanta, Ga 30308 and priced at $274,500 this home is a steal. 

Visit our preferred listings at www.atlprime.com to find out more.  SEE FMLS# 3713647.  For brokers there is a 4% selling commission for all contracts by July 1, 2008.  The seller’s are motivated and have priced their home accordingly.  Contact Bru Krebs at 404-849-2623 for your private showing.  Our office is on site and showing is easy and convenient.

This home has tile floors, internet security camera, tile backsplach upgrade, upgrade tubs, additional spcialty doors, projection scree TV included.  Ask about the furnishings too!  This great loft has granite counters and stainless steel appliances, custom lighting, custom closet shelving systems and much more. Come see and buy today!

If you are thinking about buying a home in the Atlanta area, a PRIME agent is your best resource.  We know where the best properties and deals are.  Our agents keep on top of the market and assist in finding the right place, negotiating the best deal, and getting the right financing.  Buying a home can be tricky, especially if you buy the wrong thing. 

There are several key factors to consider in purchasing a home including location, age, builder and finishes.  Many properties can look the same but be quite different.  For example you may find a property that looks great but has some underlying issues you may not be aware of.  Your PRIME agent can look at the history of the property and how its fits into todays marketplace.  There may be factors you need to consider when making your purchase decision.  Having the right resources makes all the difference.  Many buyers have rushed in and bought properties based on a feeling and not looked at the history.  This has often created a major problem for them in repairs, resale or valuation.  At no cost to you, a PRIME agent can help you sort out these issues to make the most informed decision possible.

“That is my job,” says Prime Broker Bru Krebs, “to make sure my clients are taken care of.  Repeat business is key to my success and happy clients make repeat business.”  The PRIME team works hard to ensure its clients satisfaction not only today, but in the future. “The relationship does not end at the closing table for us,” says Krebs, which is something often overlooked with so many other brokers.  Be careful, be informed and have the right tools and your home buying process will be maximized.

Today, April 27th, 2008 is the last day to see the nearly 700 homes up for auction in Atlanta.  The auction will be on May 4, 5 & 6th at The Georgia World Congress Center.   You can pick up information on the properties at the PRIME REAL ESTATE office located in Ponce Spring Lofts at 620 Glen Iris Drive, Suite 102, Atlanta, GA 30308.  Or contact a PRIME REAL ESTATE sales specialist to get the information.

These homes muse sell and many start bids at only $1000.  The Prime team also has many resale homes ready for move in.  Contact any of the Prime specialists for the perfect property in Atlanta and beyond.  Also, keep a look out for our developer projects in Darien, Coastal Georgia, Buckhead and Sandy Springs.  There are a lot of great deals out there and now is the time to buy.  All market indicators tell us the housing market has hit the bottom and the time to buy is today.  Interest rates have never been better, nor have prices.  Get your PRIME REAL ESTATE today!

Call any PRIME agent for information on Auction properties in Atlanta.  These are foreclosures from Countrywide, Bank of New York, Bear Stearns and more.  Call or stop by.  620 Glen Iris Drive, Suite 102, Atlanta, GA 30308, (404) 685-3774, www.atlprime.com.