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Market Conditions in Duluth : Real Estate Advice

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Activity 6
Fri May 23, 2014
Elizabeth Alarcon asked:
This question was asked from http://www.trulia.com/rental-community/9000023043/Cascades-at-Gwinnett-3450-Breckinridge-Blvd-Duluth-GA-30096/
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Wed Apr 23, 2014
Solomon Greene answered:
No address was provided for this listing. Hard to tell which schools serve this property without an address.

Solomon Greene
Georgia Real Estate Brokers Associate
REALTOR®
Keller Williams Realty Atlanta Partners
(678) 775-2677
... more
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Wed Feb 5, 2014
Michael Hammond answered:
What question(s) did you have about this Suwanee property, kdwolter?
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Fri Feb 15, 2013
Hank Miller answered:
I was trying to think of a more vague question but failed to do so. Lee pretty much summed it up...

Define recovery. And while doing that, define the submarket. And after doing that establish the price point, home characteristics and other locational influences....schools, developments....

Then after that, define the time period that you're analyzing that will be credible to forecast into the next two years. Consider the national and local economy and the impact of bulk investors on the area. Might also consider the mortgage rates and any local projects underway or on the books that may influence value 18-24 months out....which leads me to ask - when in '14? Jan April, Nov?

And one rather big final question - what data are you using? MLS, public records, local, national? Not all transfers are noted in all data bases. Public records will ultimately record everything but often months later - and they don't have anything data friendly to search efficiently.

Bottom line is no one is going to forecast anything. The very best you can hope for is a sound review of PAST data with a cautious eye toward a couple of months to the future. Consider that many can't even agree on what's happened, never mind what might down the road.

But......since you asked about Johns Creek, the quick and dirty:

Solid area, desirable and economically sound. Dropped like the rest but anchored by outstanding schools, strong economics and locational appeal it is doing better than most Atlanta areas -

http://hankmillerteam.com/atlanta-real-estate-conditions/johns-creek-ga-real-estate/ will give you a look at Altos Research for the market. And note - Johns Creek data is a mix of a few zip codes...did I mention that as yet another variable?

Hank
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Wed Dec 26, 2012
Rodney Mason answered:
Hi Elias
What is your question?

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
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Tue Jul 17, 2012
gabriel palotas answered:
The problem is, I don't know exactly when the "near future" is.
You came to the right place . I see a house for $90,000 that you won't be able to resist. The owner is desperate and he will even do owner financing. You will love the house it was just how you imagined it.

Your neighbor who is renting sorry to tell you she got the short end of the stick ... You know her landlord ... well he did not pay for his mortgage for two years now they finally foreclosed on him. To think that he was collecting rent while he was in the Bahamas? Well you friend needs to move and soon like tomorrow. Just in case she needs a good mover ask Mr Obama he has a long list of movers.
He has one too called MOVE FORWARD by two Brother's and a truck. I think you should buy I think moving sucks.
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