Lets take a look at the 4 Zip codes that encompass the Cities of Milton and Alpharetta Real Estate Market Report. They are 30004, 30005, 30009 and 30022. The below chart is data for Single Family Homes only in these 4 zip codes and comparing closed sales, and the second graph is for active sales in the same 6 month time frame.
In the below charts, that will update with FMLS info every month, you will see the latest sold listings by month, in the last 6 months, and comparing the 4 above zip codes, as well as the numbers for active listings still for sale.
At time of post, it appears that 30004 is ranking at the highest level as far as new listings on the market, while 30022 ranks highest with single family homes sold. This may change as this updates with more sold and new real estate listings, in this great area of North Fulton Georgia. Feel free to give us a call to get the latest Real Estate Market Reports for other properties types as well and visit our
RE/MAX Real Estate Web Site.
The Weiner Group, headed by Deborah and Brad Weiner, are experiencing triple digit growth for 2013 in the real estate market. As of end of August 2013, The Weiner Group has closed over 100 transactions and 20 Million in transactional volume. Brad Weiner states “It’s been a banner year and we continue to enjoy working with all of the wonderful buyers and sellers who give us the opportunity and challenge to find ways to make their dreams happen.”
Deborah Weiner, who runs the marketing side of the business states
“My passion is in building websites that are user friendly, yet pack powerful tools for the buyer or seller in today’s North Atlanta Real Estate Market. Keeping up with the speed of technology is quite a challenge, yet I have found ways to harness those opportunities and deliver them to our customers in an easy to understand format, providing them with tremendous tools in allowing them to easily search for their perfect home based on their own unique criteria”.
FHA is a government insured loan (meaning the government actually backs the loan in the event of default). FHA only requires 3.5% down which is a huge plus especially for first time home buyers. Most banks will lend on FHA loans as long as credit is over 640 (some banks will go lower) and some level of credit is established.
Typically banks want to see 2-3 tradelines (credit card, car payment, student loan payment, etc) for 12 months. This shows them you’ve managed credit/debt. The rates tend to be as good or even better than conventional. The down side is with new rules as of 2013 the monthly PMI never goes away as long as you have the loan. PMI is calculated at a rate of 1.35%…so on a $100,000 loan the PMI is $1350 a year….or $112.50 a month. That’s a big payment to add on to your mortgage.