2009 was an interesting year as you can imagine. Barb and I worked with a lot of great clients, fellow real estate agents, mortgage brokers, and attornies.

At the same time we encountered some individuals who were inclined to use some "flowery" phrases.

There were some phrases that were used so many times that we had to share them with you.

Some of our favorites:

"I am looking for a deal"

"I know what houses are going for in our neighborhood but my house is different"

"Last year my house was worth more"

"Why was my house appraised so low"

And our personal favorite

"I am not going to give my house away"

2010 will be just as interesting.

Give Barb or myself a call to help you with your real estate needs. We can also teach you some new phrases!

Norton Agency Real Estate Reality January 2010

The Norton Agency has just published its first edition of Norton Real Estate Reality for 2010. Frank Norton Jr, the President of the North Agency, compiles his monthly outlook on the Norton Georgia real estate market.

Here are some quotes from the latest edition:

"Buyers perceive the market to be worse than reality. They want to feel if they do buy....THEY'VE GOT TO GET A DEAL."

"Buyers are being very selective in most markets, but the National Affordability Index indicates it's the most home you can buy in the last 10 years."

"Today the core of the housing market is made up of highly motivated sellers...There is an over riding reason to risk a sale in this market...Relocation, Family growth/contraction, financial, health... In other words motivated sellers dominate the market. In most micro markets motivated sales are occuring at 2003/2004 prices."

"Inventory is dropping like a rock, new homes 66% from peak, and the foreclosure rate has dropped. By year end 2010 we project stable and rising home values."

"6 month or older valuations are no longer relevant. It's what selling today...Last week, last month that are the only real comparables."

Barb and I pride ourselves in our local knowledge. Let us help you with your real estate needs in the North Atlanta Metro Area.

If you would like a complete copy of this report just send us an email.

Randy and Barb

The Wells Team

The Norton Agency

http://www.randywellsteam.com/

Frank Norton Jr, the President of the Norton Agency, will give his annual forecast on January 21st at 6pm.

The Norton Agency has been involved in the real estate industry since 1928. After 80 plus years in the business the Norton Agency has had their hand on the pulse of North Georgia.

We encourage all of you to attend our annual forecast at the Georgia Mountain Center. If you cannot make it you can listen to it via simulcast on www.accessnorthga.com

The Wells Team prides itself on being part of the North Georgia community. After 5 years of being members of the Million Dollar Club we can say with confidence that we know real estate in the North Atlanta area. If Barb, Randy, or Sue can help you with your real estate needs please give us a call. Of course you can see all our information at www.randywellsteam.com

If you have any questions about the forecast do not hesitate to get in touch. See you next Thursday.

Randy 770-313-5792

Barb 404-642-1968

The Wells Team