Comments on: FMLS Helps Keep Housing Market In Perspective http://maxsell.net/fmls-helps-keep-housing-market-in-perspective/ Buy, sell or lease real estate in North Metro Atlanta, GA. Homes, office space, industrial warehouse, land and investment properties. Fri, 29 Aug 2008 06:52:32 +0000 http://wordpress.org/?v=2.5.1 By: dean guadagni http://maxsell.net/fmls-helps-keep-housing-market-in-perspective/#comment-329 dean guadagni Mon, 26 Nov 2007 18:34:43 +0000 http://maxsell.net/2007/11/19/fmls-helps-keep-housing-market-in-perspective/#comment-329 Brad, I was clued into your blog by a close friend Pat Kitano of transparentre.com. You have a solid team and a great looking site in place! As for your line "If it bleeds, it leads" nothing can be more disturbingly true than that statement. Here in San Francisco, the number of "micro" markets that are thriving with multiple offers is always ignored. Instead we are bombarded with Stockton's foreclosure nightmare and every down trending statistic that the mass media can get their hands on to report. Nice job Brad and thanks for peaking in on deansguide! Brad,

I was clued into your blog by a close friend Pat Kitano of transparentre.com. You have a solid team and a great looking site in place!

As for your line “If it bleeds, it leads” nothing can be more disturbingly true than that statement.

Here in San Francisco, the number of “micro” markets that are thriving with multiple offers is always ignored. Instead we are bombarded with Stockton’s foreclosure nightmare and every down trending statistic that the mass media can get their hands on to report.

Nice job Brad and thanks for peaking in on deansguide!

]]> By: Alpharetta Real Estate http://maxsell.net/fmls-helps-keep-housing-market-in-perspective/#comment-328 Alpharetta Real Estate Mon, 26 Nov 2007 03:43:32 +0000 http://maxsell.net/2007/11/19/fmls-helps-keep-housing-market-in-perspective/#comment-328 Brad: thanks for sharing this "good news" on the Atlanta housing market. I didn't know that statistic that over 30 years, atlanta real estate has appreciated and average of 6.6% per year. I get asked that a lot by out of town buyers looking to relocate to Alpharetta and North Fulton. I've crunched a lot of sales data and most of my numbers show anywhere from 3% to 7% per year appreciation. It is good to see fmls go on the record on this. My analysis hasn't gone back that far. The bottom line is that Atlanta real estate hasn't experienced the huge increased that some other cities have and so, while our highs haven't been as high, our lows aren't as low either. I have seen a flattening in prices though, during the last year or so. Some neighborhoods are actually losing a bit of value. What is so putting so many families in financial straits is exactly what your post notes: so much of their wealth is in the equity of their home and when that goes down it make a big impact on their overall financial position. I look at house equity a little bit like stock options...on paper you look rich, but until you actually sell (the stock or the house), you're not actually rich ;-> Brad: thanks for sharing this “good news” on the Atlanta housing market. I didn’t know that statistic that over 30 years, atlanta real estate has appreciated and average of 6.6% per year. I get asked that a lot by out of town buyers looking to relocate to Alpharetta and North Fulton. I’ve crunched a lot of sales data and most of my numbers show anywhere from 3% to 7% per year appreciation. It is good to see fmls go on the record on this. My analysis hasn’t gone back that far.

The bottom line is that Atlanta real estate hasn’t experienced the huge increased that some other cities have and so, while our highs haven’t been as high, our lows aren’t as low either.

I have seen a flattening in prices though, during the last year or so. Some neighborhoods are actually losing a bit of value. What is so putting so many families in financial straits is exactly what your post notes: so much of their wealth is in the equity of their home and when that goes down it make a big impact on their overall financial position.

I look at house equity a little bit like stock options…on paper you look rich, but until you actually sell (the stock or the house), you’re not actually rich ;->

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