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Atlanta housing relatively affordable
by  the Atlanta Business Chronicle

Metro Atlanta is a fairly affordable home ownership market, but it’s also a more pricey rental market, according to a new study from the Center for Housing Policy.

In 2009, Atlanta was the 104th-most expensive home ownership market out of 210 markets studied and had a median home price of $150,000. In 2008, the area was ranked 115th with a median price of $153,000.

The markets with highest median home prices were San Francisco ($625,000); San Jose, Calif. ($465,000); Honolulu ($450,000); Santa Ana, Calif. ($435,000); and Santa Cruz, Calif. ($431,000).

Click here to see the complete CHP study.

As far as the rental market, Atlanta was ranked 78th out of 210 metros with an average monthly rent of $912 for a two-bedroom unit. In 2008, Atlanta ranked 65th with a average rent of $878.

Rents rose in 89 percent of the markets studied, with only 23 metro areas experiencing a rent decrease. The markets with highest monthly rental rates were San Francisco ($1,760); Honolulu ($1,704); Santa Cruz, Calif. ($1,656); Santa Ana, Calif. ($1,594); and Suffolk County-Nassau, N.Y. ($1,592).

“While the green economy holds substantial promise as a source of higher-paying jobs, there are still many housing markets in which green economy workers cannot afford the costs of buying or renting a home,” said John K. McIlwain, senior resident fellow and the J. Ronald Terwilliger chair for housing at the Urban Land Institute, in a release.

The green economy McIlwain refers to is the one where homes and businesses are becoming more energy efficient to help produce clean and sustainable energy, a growing sector in today’s economy.

“We must develop the common sense, cost-effective policy solutions at the state and local levels that will help ensure long-term affordability for green economy workers and others,” McIlwain said. Otherwise, our work force will face longer commutes and higher transportation costs, leading to increased traffic congestions and adverse environmental impacts.”

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It is in your moments of decision that your destiny is shaped.

“Profits are better than wages”… Jim Rohn

Hank Jennings

C.E.O., H&H Diversified Solutions LLC.

If interested in International or Domestic business opportunities please contact me @ facebook.com/hank.jennings or call 24 hours a day @ 404-935-0395

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NEW YORK – E-mails released by a Senate committee investigating the financial crisis show top executives at Goldman Sachs Inc. boasting about money the firm was making as the housing market collapsed in 2007.

The documents suggest that Goldman benefited at least for a time from bets that subprime mortgage-backed securities would lose value. The e-mails appear to contradict previous statements by the investment bank that it lost money on such securities.

“Of course we didn’t dodge the mortgage mess,” CEO Lloyd Blankfein wrote in an e-mail dated Nov. 18, 2007, according to the documents released Saturday morning. “We lost money, then made more than we lost because of shorts.”

Short positions, in contrast to long positions, are bets that a financial security will lose value. Goldman is also the target of a civil fraud lawsuit brought by the Securities and Exchange Commission, which alleges that the firm misled investors about how a subprime mortgage-backed security was created. Goldman has denied the charges.

The e-mails were released by Sen. Carl Levin’s office, who is presiding over an investigation into the financial crisis. Blankfein, along with other Goldman personnel, are scheduled to testify during a Senate hearing into the crisis on Tuesday.

In another e-mail, Goldman Chief Financial Officer David Viniar says that in one day the firm made more than $50 million on bets that the housing market would collapse, according to a statement from Levin’s office.

“Tells you what might be happening to people who don’t have the big short,” Viniar writes in the message dated July 25, 2007. Viniar is also scheduled to testify on Tuesday.

Please leave a comment, I would love to hear your thoughts!

It is in your moments of decision that your destiny is shaped.

“Profits are better than wages”… Jim Rohn

Hank Jennings

C.E.O., H&H Diversified Solutions LLC.

If interested in International or Domestic business opportunities please contact me @ facebook.com/hank.jennings or call 24 hours a day @ 404-935-0395

Buy Video Phone Now <- Buy One Now, click here!!!!

The Hottest International Blog The WealthCurve

Atlanta’s Hottest Real Estate Site

5Linx Overview

Metro Atlanta home value in dollars went up through 11 months of 2009

Please leave a comment, I would love to hear your thoughts!

It is in your moments of decision that your destiny is shaped.

Hank Jennings

C.E.O., H&H Diversified Solutions LLC.

www.thewealthcurve.com/blog

www.househuntatlanta.com

www.5linx.net/savemoneytoday

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With the housing market sinking and some experts saying it will get worse before it gets any better, many home owners are facing a difficult situation: they can no longer afford to keep their mortgage payments current, and cannot sell their home without having to bring cash to closing. This awkward situation ends up with the home owner losing their home to foreclosure.  There are alternatives to bankruptcy or foreclosure proceeding – one of them is called a “Short Sale“.

A Short Sale occurs when a homeowner owes more on their property than the property is actually worth, but their bank agrees to accept less than what is owed as Payment-in-Full in order to avoid the foreclosure process.  Short Sales provide an excellent, win-win solution for the distressed homeowner, as well as their bank.  The home owner avoids the devastating effects of a foreclosure on their record and the bank avoids the effort and expense of the foreclosure process.

If you decide to choose the Short Sale approach, you should have a reputable and experienced Short Sale Team by your side who understand and have experience in Short Sale transactions in order to assist you.  A good Short Sale Team will know what to do and who to talk to saving you both time and trouble.  The best part is you don’t have to pay for your agent!  The bank will cover the commission and most of the closing costs for the seller in a Short Sale Program.

There are very few Real Estate Agents who truly know how to successfully negotiate a Short Sale. Not all situations are good Short Sale opportunities.  A good team will know the difference between a good deal and a bad deal.  They can analyze the deal and develop an excellent plan of attack in assisting you through successfully completing the Short Sale.

For more information in the State of Georgia contact www.househuntatlanta.com

Please leave a comment, I would love to hear your thoughts!

See You on the beaches of the world!

Hank Jennings

www.5linx.net/savemoneytoday

www.househuntatlanta.com