Home Sales Rise Again in November, Highest in over a Year
Everyone in the Atlanta Real Estate industry are keeping an eagle eye out for positive trends in the market. We are happy to report that pending home sales continued to gain in November and reached the highest level in 19 months, according to the National Association of Realtors®.
The Pending Home Sales Index increased 7.3 percent in November 2011. The last time the index was higher was in April 2010 when buyers rushed to beat the deadline for the home buyer tax credit.
A chief economist reports the gains may result partially from delayed transactions. “Housing affordability conditions are at a record high and there is a pent-up demand from buyers who’ve been on the sidelines…” There are many communities in Atlanta who offer builder incentive and some closing costs. Some of the incentives are on homes with immediate delivery if you can close quickly. [click to continue…]
Atlanta Home Buyers can avoid a Water Catastrophe
I recently inspected an Atlanta Home on a beautiful spring day and found water leaking everywhere. I soon learned that the home buyer had caused the near disaster in their eagerness for a thorough home inspection. The home buyer circumvented a water meter tag and turned the water on so the plumbing could be inspected. The bad news was the Atlanta Home Owner turned the water on in a house that had not been de-winterized. You can imagine the mess, the damage and the liability of the situation. Naturally, we couldn’t help but feel sorry for the home buyer. They just didn’t know.
We want to warn Atlanta Home Buyers of this potential misstep. When a home has been winterized, the water cannot be restored with the turn of a knob. It requires a knowledgeable home owner or professional plumber to take all the necessary steps to properly de-winterize home plumbing.
We found a great article at EHow on How to De-Winterize Your Home Plumbing.
Call Georgia State Inspections at 404.514.7457 to schedule an Atlanta Home or Georgia Commercial inspection.
Some good news on a bad news day.
On the Monday following some grim market reports, it was nice to see some positive news in Atlanta today. On 8/5 Atlanta Business Chronicle reported the Atlanta job market showed small signs of improvement during the first half of 2011.
Doug Sams reports, “I think it’s fair to say, while things aren’t as pretty here as they are in Dallas or Houston – aside from that state’s devastating drought – Atlanta is at least in positive territory.”
From January to June, Atlanta’s economy has added 33,900 jobs, according to the Bureau of Labor Statistics. Total private sector employment: up 42,200 jobs.
Here’s a breakdown of a few of metro Atlanta’s important growth industries:
- Leisure and Hospitality, +20,600 ( Big caveat: It’s a highly seasonal industry)
- Professional and business services, +11,200
- Construction, +6,000
- Transportation and warehousing, +3,900
- Manufacturing, +2,800
- Health Care, +2,100
Read entire Atlanta Business Chronicle Article
We are always glad to see positive outlooks for Atlanta’s economy and look forward to serving Atlanta Home & Commercial Property buyers with dependable inspections. Georgia State Inspections includes a Thermal InfraRed Inspection in each home inspection.
Contact Georgia State Inspections to schedule your home or commercial inspection at 404.514.7457
Home Sales Rise Again in November, Highest in over a Year
