February 2011

There are 1 blog entries for February 2011.

I am frequently asked, "When is our Alpharetta and Johns Creek real estate market going to get better?" ¬†There is no concrete answer, but one trend we need to see is an increase in home prices so that the number of underwater mortgages is reduced. Why is this so critical?¬† Many current homeowners would love to take advantage of the great home values available today and move up to a more expensive home while interest rates are still low. But, with the value of their own home down, they can't make that move. The current high level of underwater mortgages is a key factor that keeps the Atlanta real estate market mired in sluggishness. (An "underwater mortgage" means that the amount of the outstanding loan is greater than the value of the…
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