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Emily Peker, Atlanta Realtor Blog

Everything you wanted to know about real estate but were afraid to ask

By Emily Peker, Team Leader | Agent in Atlanta, GA
  • D-I-V-O-R-C-E.... Ummm, Realtor Shock & Awe - Photo of the Weekend

    Posted Under: Home Buying in Atlanta, Home Selling in Atlanta, Agent2Agent in Atlanta  |  September 23, 2013 6:18 AM  |  615 views  |  1 comment
  • Realtor Photo Of The Week - 'You want me to do what..?'

    Posted Under: Home Buying in Atlanta, Home Selling in Atlanta, Agent2Agent in Atlanta  |  July 27, 2013 6:43 AM  |  1,144 views  |  3 comments
    Realtor shock & awe... you want me to do what...?

  • Realtors Poll: Kitchen #1 or Kitchen #2 - and why?

    Posted Under: Home Buying in Atlanta, Home Selling in Atlanta, Agent2Agent in Atlanta  |  April 22, 2013 10:36 AM  |  1,347 views  |  6 comments
    Hi everyone, thanks for checking out our Realtor Poll. Please let me know which Kitchen
    you like better and why. We greatly appreciate your feedback!

  • What Realtors really do...

    Posted Under: Home Buying in Buford, Home Selling in Buford, Agent2Agent in Buford  |  April 15, 2013 5:21 PM  |  1,118 views  |  2 comments

  • Realtors want to know - which Laundry Room do you like better?

    Posted Under: Home Buying in Atlanta, Home Selling in Atlanta, Agent2Agent in Atlanta  |  April 15, 2013 4:52 PM  |  822 views  |  3 comments
    Ok we have 2 very small homes, which laundry area do you like best and why...?
  • REALTOR PHOTO OF THE WEEK: Makes me dizzy to look at it...

    Posted Under: Home Selling in Atlanta, Agent2Agent in Atlanta, Design & Decor in Atlanta  |  February 23, 2013 5:21 AM  |  383 views  |  3 comments
    Please tell me what you think of this one... Clever or Never?
    I really like the little table/desk and the light fixture but...

  • Top5 predictions for the 2013 housing market:

    Posted Under: Market Conditions in Newnan, Home Buying in Newnan, Home Selling in Newnan  |  January 3, 2013 5:11 AM  |  442 views  |  No comments

    5 signs to watch for housing in 2013
    We watched for more home sales and rising prices in 2012. Here's our housing market predictions for next year.

    #1 - Buying gets less affordable
    The bust of the housing market five years ago created one of the cheapest times to buy. Across many parts of the U.S., even in some of the priciest markets including New York and Honolulu, it has become cheaper to purchase a home than rent. Record-low interest rates on mortgages have also made buying more affordable. That's changing, however. In 2012, prices hit a new low. While that tells us the market may be is healing, it could also mean buying will be less affordable in 2013. Asking prices for homes for sale rose 3.8% in November 2012 from a year earlier -- one of the biggest gains since the housing market crashed in 2007. While rents nationwide are still rising faster than home prices, the trend has reversed in 14 of Trulia's 25 biggest rental markets including Denver, Seattle and San Francisco.

    #2 - Watch for rising jobs

    Most of us watched home prices to gauge the health of the housing market. That was so 2012, however. Just because prices are rising quickly doesn't necessarily mean the industry is doing any better. Next year, a better pulse of the market will be the rate of jobs growth, says Jed Kolko, chief economist with Trulia. Cities like Las Vegas, Miami and Phoenix have seen home prices surge, but it's uncertain how long that could last. Prices have risen, partly because they fell so much and also because many homes are still undergoing the foreclosure process. They're also cities in states with some of the highest rates of unemployment, which ties closely to how well people will be positioned to buy.

    #3 - Delinquencies fall (very slowly)
    The troubled housing market was marked by record foreclosures, which is why economists closely watch the rate at which homeowners are late on their payments -- they're a precursor to foreclosures. Nationwide, the delinquency rate on mortgages peaked during the last three months of 2009 at 6.89%, after rising 12 quarters in a row from 1.49% in 2006. As of the latest quarter, the delinquency rate dropped to 5.41%. And for 2013, it's expected to continue dropping -- albeit, slowly to around 2%. Much of the late payments are made up of existing borrowers more than a year late on their payments, as opposed to new borrowers following stricter lending standards. Some of the biggest declines are expected in Nevada, Minnesota, California and Arizona.

    #4 - Record-low interest rates
    Cheap money has certainly helped the housing market recover. For the past few years, average interest rates on 30-year-fixed mortgages fell to new lows. Rates this year averaged 3.68%, lower than the average 4.45% for 2011 and 4.69% in 2010. To be sure, rates can't stay low forever. Which is why some have worried a return to higher rates could push home prices down again. But if the Federal Reserve has its way, that won't happen any time soon. In an unusual move during its last meeting of the year, the central bank's policy-making board decided to leave rates untouched until the unemployment rate falls to 6.5% so long as inflation stays low. Which means, according to the Fed's predictions, rates will likely stay low into 2015.

    #5 - First-time buyers
    The housing market's rebound seems to be beginning, but what’s missing in large numbers were first time buyers, many of whom were either jobless or couldn't get a home loan or both. Those who tend to be first-time buyers, 25 to 34-year-olds, suffered far worse joblessness than most other adults in the years following the recession. A year ago, unemployment among young workers was 9.2% versus 8.7% for all adults. The gap has narrowed recently. In November 2012, National average unemployment among young workers had fallen to 7.9% versus 7.7% for all adults. If the trend continues, this might help bring first-time buyers back into the market.

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