1st Quarter 2009 Analysis of Peachtree City Home Sales
April 20, 2009 by Greg Saunders
Number of Sales: 57
Avg. Days on Market
(solds) 142
Homes for sale now: 343
Avg Days on Market: 115
Month supply of homes: 17.6
Fannie Mae Market Conditions Results
Look Back Date: Apr 20, 2009
Report Date: Apr 20, 2009
| Inventory Analysis | Prior 7-12 Months | Prior 4-6 Months | Current-3 Months |
|---|---|---|---|
| Total Number of Comparable Sales (Settled): | 236 | 60 | 71 |
| Absorption Rate (Total Sales/Month): | 39.33 | 20.00 | 23.67 |
| Total Number of Comparable Active Listings: | 296 | 277 | 325 |
| Months of Housing Supply (Total Listings/Abs. Rate): | 7.5 | 13.9 | 13.7 |
SOS….My Home Is Underwater!!!
April 17, 2009 by Greg Saunders
Hey Peachtree City, it has been a pretty sobering experience to speak with some many folks who now face the simple fact that their homes are now worth less than they owe on then. Hence the terminology being “underwater”. For the people that have not experienced the joys of home ownership yet, it equates to the same thing as your car being “upside down” where you actually owe more that its worth. I have been impacted by this behemoth phonenomon because we decided to build a custom home in a brand new golf course community. Being the 2nd or 3rd home sold, we felt we got in on the “ground level” before the word got out and prices got jacked up.
Death & Taxes….Which Comes First?
April 15, 2009 by Greg Saunders
Hey Peachtree City…you know I often wondered what Ben Franklin was really thinking about when he wrote the phrase “the only thing certain is death and taxes”in a letter sent to his friend Jean-Baptiste Leroy in 1789. We all know that our day is enviable but have you ever really thought about which one really comes first.? Oh come on…….you know the taxman always cometh first!
The G20 Meeting…..A Turning Point?
April 6, 2009 by Greg Saunders
Okay Peachtree City…can we talk for a moment? It’s official! After the meeting of the G20 all of the World’s Governments are now focused on “fixing” the problems at all costs. Hmmmmm…so when did government get bigger than the market? Don’t know. Back to the G20 in uno momento.
First…what you may or may not know is that recently the Financial Accounting standards Board (FASB) suspended its rule #157-e…the Fair Value Rule. Basically this rule requires banks to value their assets using a “mark-to-market” method. Not sure what mark-to-market valuation is all about…go back and check out an earlier post of mine. Anyway, the FASB reports that the new measure purports to guide asset holders who mark their holdings to market through a two-step process to help them decide “whether a market for a financial asset that historically was active is not active and whether a transaction is not distressed.”
Greg Saunders
