Atlanta Georgia Real Estate News Update

Look For Relief In 2011- Housing Outlook For 2011 is When Home Prices Will Head UP!
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Atlanta Georgie Real Estate News

Metro Atlanta unemployment declines slightly

Seven thousand more Atlantans are working than in September.

The Georgia Department of Labor said the unemployment rate in metro Atlanta decreased to 9.7 percent in October, down two-tenths of a percent from a revised 9.9 percent in September. Meanwhile, the number of unemployed workers in the area decreased to 254,874, down 7,397 from 262,271. The jobless rate in the metro Atlanta area in October 2009 was 10.3 percent.

Also in October, 26,746 laid-off workers in metro Atlanta filed initial claims for unemployment benefits, an increase of 88, or three-tenths of a percentage point, from 26,658 in September.

The state’s seasonally adjusted unemployment rate was unchanged at 9.9 percent from September to October.


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Atlanta Real Estate Interest Rate Update

30-year fixed loans: Conventional: 4.25% FHA: 4.25% Jumbo: 4.625%

15-year fixed loans: Conventional: 3.5% FHA: 4.0% Jumbo: 4.0%

5-year ARM: Conventional: 2.5% FHA: 2.625% Jumbo: 3.375%

"Atlanta Real Estate News"
Mortgage loan delinquencies have largest quarterly decline in four years!
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"Atlanta Real State News"
Visit www.markspain.com for more information.
October New Home Construction: Permits Up, Starts Down
By Dennis Norman, on November 17th, 2010

The U.S. Census Bureau and US Department of Housing and Urban Development (HUD) issued a their report on New Residential Construction for October 2010 showing a slight increase in single-family home building permits and a small decrease in new home starts compared to the month before.

The report shows:

Building permits issued for single-family residences in October were at an annual rate of 406,000 which is 1.0 percent above the revised September rate of 402,000 and a decrease of 13.2 percent from a year ago when the rate was 468,000.
Housing starts for single-family residences in October were at an annual rate of 436,000 which is a decrease of 1.1 percent from the revised rate for September of 441,000 and an decrease of 8.2 percent from a year ago.
Homes completed in October were at a rate of 501,000 homes, an increase of 2.7 percent from September’s revised rate of 488,000 homes and a decrease of 5.6 percent from a year ago.

Atlanta Real Estate News
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"Home Loan Modifications Are Shrinking"
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Atlanta Real Estate Current Market Interest Rates

WEEKEND RATES:

30-year fixed loans: Conventional: 4.25% FHA: 4.25% Jumbo: 4.625%

15-year fixed loans: Conventional: 3.625% FHA: 4.0% Jumbo: 4.0%

5-year ARM: Conventional: 2.5% FHA: 2.625% Jumbo: 3.375%

Alpharetta Georgia Real Estate News
Make Money in 2011: Your Home
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For Information on Buying or Selling a Home Contact us Today at:
770-886-9000 or visit our websites at
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Atlanta Georgia Real Estate News
For Investors and Buyers now is the golden time to buy!
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For More Information Contact us at:
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Atlanta Real Estate News
Realtors Exhibit Cautious Optimism for Housing's Future
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God Bless each and every Veteran today! To all those men and women who have served in the Military on behalf of this Great Nation, may you feel the sincere appreciation of your fellow Americans today. All of us with “The Mark Spain Team” salute you!

Suwanee Georgia Current Market Interest Rates

WEDNESDAY'S RATES:

30-year fixed loans: Conventional: 4.0% FHA: 4.125% Jumbo: 4.625%

15-year fixed loans: Conventional: 3.5% FHA: 4.0% Jumbo: 4.0%

5-year ARM: Conventional: 2.5% FHA: 2.75% Jumbo: 3.5%

Atlanta Short Sale News

NAR's Pending Home Sales Gauge Slips 1.8%

http://www.dsnews.com/articles/nars-pending-home-sales-gauge-slips-18-2010-11-05

Alpharetta Real Estate-Current Market Interest Rates:

30 Year Fixed Loans: Conventional 3.75% FHA 3.875% Jumbo 4.625%

15 Year Fixed Loans: Conventional 3.25% FHA 3.5% Jumbo 4.0%

5 Year ARM: Conventional 2.25% FHA 2.5% Jumbo 3.375%

Alpharetta Real Estate News
Employers add 151,000 jobs in October

http://usat.me?41018022

For Information on Buying or Selling a Home Visit our website at http://ping.fm/2bAVh or Call us at 770-886-9000

Atlanta Real Estate News Update:

Click on link below for information on Fed to buy
$600M in Securities

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Atlanta Real Estate News:

Fed to Buy $600B in Securities to Hold Interest Rates Low!

Greater Atlanta Real Estate News
September Home Sales up 10%

Click the link below for more information:
http://www.usatoday.com/money/economy/housing/2010-10-25-existing-home-sales_N.htm?POE=click-refer

For Information on Buying or Selling a home visit our website at http://www.MarkSpain.com or Call Us Directly at 770-886-9000.