Cobb Real Estate Blog

Here’s the latest numbers on interest rates for five common consumer products for the week of December 25th - December 31st. This national survey was performed by Bankrate.com on Wednesday, December 28th.

• Mortgages - 6.28% (30 Year Fixed)
• Home Equity Lines - 7.25%
• Auto Loans - 7.90% (48 Month - New Car)
• CD - 3.28% (One Year Yield)
• Credit Card - 13.03% (Standard Fixed)

The Atlanta Metro Area is near the top of the nationwide list of foreclosures every month. Over 3000 homes go into foreclosure each month here. It’s a huge problem. Many times foreclosure can be avoided by speaking frankly with your mortgage servicer. Before you call an attorney or just stop payments on your mortgage, call up the company that you send your mortgage payment to every month. You’ll be surprised at some of the options they can give you.

In Bankrate.com’s weekly survey, mortgage experts try and gauge which direction mortgage rates will head in the next 30-45 days. This week…

• 80% think rates are going down
• 20% think rates are going up
• 0% think rates will remain unchanged

Whether you have sold your home in 2005 or have made an investing purchase or two, this article from Forbes will help you with some2005 real estate tax tips

Marietta’s largest ever redevelopment project finally got approval last night from the Marietta Housing Authority, but not without a lot of arguments and a hint of a future re-vote.

The project if the former Clay Homes Housing Project which used to sit on 12 acres between Roswell and South Marietta Parkway and between Alexander and Waddell, but is now mostly demolished. What’s going up in its place? A new $100 million mixed use development featuring 140+ townhomes, 170+ condos and 90,000 square feet of retail space. This will be an exciting project as it’s only a few blocks from Marietta Square.

The council, last night, voted unanimously to sell the old Clay Home property to the developer but one council member promised to use a parliamentary procedure to bring the vote back before the council at a later date. When more news is available I’ll post it here. Check out a few other links I found earlier today.

• Clay Homes site plans OK d by council
• Parking at Clay Homes site criticized

In Bankrate.com’s weekly survey, mortgage experts try and gauge which direction mortgage rates will head in the next 30-45 days.

• 25% think rates are going down
• 25% think rates are going up
• 50% think rates will remain unchanged

Here are some basic sales figures for the last 12 months (12/13/2004 - 12/13/2005) regarding the Highland Pointe subdivision in Marietta:

• In the past 12 months 17 homes have sold in Highland Pointe
• The highest sales price was $527,800
• The lowest sales price was $263,000
• The average sales price was $370,864
• The average number of days on the market was 50
• And the percentage of sales price to original listing price was 97.51%

If you would like more information on the Highland Pointe subdivision or information on the current value of your home, please use the Contact form to find a number of ways to communicate with me.

Check out this home in Highland Pointe. You’ll have fantastic views from the tri level deck which also overlooks your pool. The home is currently vacant, so this may be a good home for you buyers out there looking for a deal in this price range.

• 6 Bedrooms
• 5 Full Bathrooms and 1 Half Bathroom
• Full Finished Basement
• 3 Car Garage
• Asking Price: $639,800

Call me if you would like me to e-mail other pictures to you or if you would like to tour this home. You can find many ways to contact me on my contact form or find my phone number below.

This home is off the market. Details in the comment section.

Knox Bardeen
(678) 471-7612

Here’s the latest numbers on interest rates for five common consumer products for the week of December 4th - December 10th. This national survey was performed by Bankrate.com on Wednesday, December 7th.

• Mortgages - 6.39% (30 Year Fixed)
• Home Equity Lines - 7.13%
• Auto Loans - 7.89% (48 Month - New Car)
• CD - 3.26% (One Year Yield)
• Credit Card - 13.03% (Standard Fixed)

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• Cost vs Value - to remodel or not? [The Real Estate Blog]
• Remodeling: Cost vs. Value 2005 [Urban Trekker Blog]