Warren Buffett: Another US Recession Unlikely

The odds of a renewed recession are “very low”, says Warren Buffett, the billionaire investor and CEO of Berkshire Hathaway. Buffett spoke at the Economic Club of Washington dinner on Tuesday where he debunked the recent US economic reports that led to financial markets tumbling and economists to lower their forecasts for U.S. economic growth this year. [Read Full Article from  CNNMONEY.COM]

June 6, 2012 at 1:16 pm 1 comment

What Does $1 Million Buy Today?

A recent article published by CNBC.com, “What Does $1 Million Buy Today“, highlighted the Atlanta market perspective given by Shea Zimmerman of Harry Norman, Realtors. Zimmerman reported a positive change in the market and all for good. “Sales are up between 8 percent and 10 percent in our market area,” she explains in the article. 1225 Pine Ridge Road, listed by Harry Norman’s Cathy Davis Hall, was the $1 million Atlanta home featured in the article. 
 
[read article]
 

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May 31, 2012 at 4:14 pm 1 comment

Celebrate Memorial Day with Historical Outing

Venture to Adairsville, GA this Memorial Day for a taste of  southern history. Travel back in time to McCollum Manor, circa 1901, for an onsite antique and estate auction. Each room of the estate has been bedecked with antique furniture, artwork, Persian rugs, fine collectibles and jewelry, all reminiscent to the manor’s original construction.

Built by a Civil War veteran and skilled carpenter, McCollum Manor, rests on 7+ park-like acres and offers a blend of rich period details with modern amenities. The manor is also available for purchase and would lend itself well as an events facility, private club, retreat, or simply a magnificent estate home.

The antiques and estate auction is presented by Ken’s Antiques & Auction of Adairsville and Harry Norman agent, Lori De Pucci. Click [HERE] for a glimpse of  items available for auction.

Antique and Estate Auction
Memorial Day, May 28, 10:00am
McCullom Manor: Click [HERE] for directions.
123 Park Street, Adairsville, GA 30103

May 23, 2012 at 2:14 pm Leave a comment

Equestrian Luxury Estate with Pastoral Style

A true equestrian estate that features a state-of-the-art stable and covered arena. With exposed pine beams throughout, a solid turquoise sink in powder room, antique oak flooring and custom fixtures from Italy, the manor house is filled with exceptional appointments and details.

View more property details by clicking [HERE]

May 22, 2012 at 5:28 pm 1 comment

Positive Signs Abound for Housing

The first quarter of 2012 was the best first quarter for real estate in five years, and pending contracts suggest that the second quarter of 2012 will be the best second quarter in five years, NAR Chief Economist Lawrence Yun said this morning at the Residential Economic Update during the NAR Midyear Legislative Meetings & Trade Expo.

Moreover, he said the second half of this year could be even better than the first, in part because of continued increases in rental costs and record affordability of homes. “Renters are getting squeezed, and they don’t want to rent anymore,” Yun explained. “This could be the year we see the release of pent-up demand.”

Home prices have been skipping along the bottom for about a year now, Yun said, a trend that has drawn investors into the market. These investors have helped housing through a couple of difficult years and partly mitigated the dysfunctional mortgage market.

“Right now is the time to buy low,” he said. “Investors are coming in to take advantage. Second homes started to recover nicely last year because of investors.”

However, home values are poised for a rebound as more traditional buyers move back into the market, Yun said. In fact, this has already started to happen in areas such as Phoenix and Miami, which have seen year-over-year (March 2011 to March 2012) double-digit percentage increases in home prices.
[READ MORE] 

Source: Daily Real Estate News | May 17, 2012 | Brian Summerfield, REALTOR® Magazine

The Atlanta Perspective (March 2012, ABR Market Brief):

  • While Median prices continue to decline from 2011 levels, they reversed the trend for the second month in a row in March by netting a 15.6% increase in a month-to-month comparison with February 2012. 
  • Single family residential sales in Metro Atlanta increased 23.5% in March 2012 to 3,768, compared to 3,051 in February 2012. 
  • Additionally, Total Sales reflect an annual increase of 7.7% compared to the 3,499 total sales for the month of March 2011.

from the Atlanta Board of REALTORS market brief (March 2012). A synopsis of sales, home prices and foreclosures.  Covers 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Forsyth, Fulton, Gwinnett, Hall, Henry and Paulding.

 

May 18, 2012 at 4:17 pm 1 comment

HOME Magazine Launch Party

Harry Norman celebrated the 2012 Spring Issue of HOME Magazine with a launch party at the cover home located in Atlanta’s Tuxedo Park. See video highlights from our launch party!

This edition features over 100 luxury homes throughout Georgia and into the Carolina mountains with an average sales price of $2M. Feature articles include a look at three Buckhead businesses with “Staying Power”, two Atlanta artists who sculpt paper into high art and how bowing to nature’s desires can make any landscape thrive. Plus, an inside look at the founding of Atlanta’s first residential real estate company.

View the Spring HOME Magazine online or request a personal copy by visiting, http://www.harrynorman.com/HomeMagazine.aspx.

May 17, 2012 at 2:33 pm 2 comments

Spring Edition of HOME Magazine Published!

Harry Norman celebrated the 2012 Spring Issue of HOME Magazine with a launch party at the cover home located in Atlanta’s Tuxedo Park. Coming Soon! Video highlights from our launch party.

This edition features over 100 luxury homes throughout Georgia and into the Carolina mountains with an average sales price of $2M. Feature articles include a look at three Buckhead businesses with “Staying Power”, two Atlanta artists who sculpt paper into high art and how bowing to nature’s desires can make any landscape thrive. Plus, an inside look at the founding of Atlanta’s first residential real estate company.

View the Spring HOME Magazine online or request a personal copy by visiting, http://www.harrynorman.com/HomeMagazine.aspx.

May 11, 2012 at 5:25 pm Leave a comment

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