Tim's Atlanta Real Estate Blog: June 2009

I Agree with the Congressman, Cap and Trade is a "Pile of Shit"

I didn't know much about the big Cap and Trade bill that the House just passed on Friday.  I'm sure most of the Congressmen didn't take the time to read the 1200 pages.  A 300 page amendment got added at 3am Friday morning, hours before the vote.

This sounds so much like the $787 billion TARP package that was passed so quickly last fall.  It just makes me sick that such a huge bill that will affect taxpayers for generations gets passed with so little time to actually know what's in the bill.

This bill is going to affect real estate big time.  It sounds like there will now be a national building code.  It sounds like there will be required energy audits needed before you can sell your home.  Every time you remodel your home there will have to be a before and after energy audit.  Appraisers will have to be recertified in how to take energy improvements into account when appraising a home.

Maybe some of that stuff might be good but to me it seems like a ton of new red tape and beauracracy.  The Federal Government will taking more control over every aspect of our lives.

Representive Boehner was quoted as saying that this bill was a pile of shit.  After watching him read through this bill, I have to agree with him. I say that the Congressmen who voted for this pile of shit should shove every page of it up their ass to cap the foul emissions they're producing.

I challenge you to watch Congressman Boehner go through this 300 page amendment.  Then go and read the bill and see if you can figure it out yourself.  This is an historic bill and I think we need to understand what the effects will be before it is voted on by the Senate.

What's the rush?  The last I read was that the last ten years temperatures have been on their way down.  Now some are worried about Global Cooling.  I just think that it's a rush for a big power grab and money grab.  This thing is so big and complex that nobody will really know what's going on and how much it is costing everyone.  I have a feeling that is the ultimate purpose here.

Part 1

Part 2

Part 3  This is where he covers some of the real estate parts of the bill.

 

Part 4

Part 5

Part 6

Part 7

 

6 comments • Tim Maitski "Video Agent Guy" • June 29 2009 08:04AM

Unbelievable Basketball Shot. Full Court Doing a Full Flip!

I thought I saw everything.  Here's a middle school kid making a full court shot.  That's pretty darn difficult by itself.  But he took it to a whole other level.  He did a full forward flip as he was shooting the ball.

I wonder how he even thought of doing such a thing.

8 comments • Tim Maitski "Video Agent Guy" • June 23 2009 07:06AM

When Are We Going to Get a Real Estate Czar?

I saw an article about the soon to be announced "pay czar".

It made me laugh.  It seems like they have a czar for just about everything now.  I did a little research and found that Obama now has 16 czars working for him.  This is way more than any past administration.

  • Drug Czar

Gil Kerlikowske, former Seattle police chief

  • Energy and Environment Czar

Carol Browner

  • Homeland Security Czar

John Brennan

  • Health Czar

Nancy-Ann DeParle

  • Urban Affairs Czar

Adolfo Carrion, Jr.

  • Economic Czar

Paul A. Volcker

  • Regulatory Czar

Cass R. Sunstein

  • Technology Czar

Vivek Kundra

  • Government Performance Czar

Jeffrey Zients

  • Border Czar

Alan Bersin

  • WMD Policy Czar

Gary Samore

  • Intelligence Czar (Director of National Intelligence)

Dennis Blair

  • Car Czar

Steven Rattner

  • Pay Czar

Kenneth R. Feinberg

  • Great Lakes Czar

Cameron Davis

  • Cyber Czar

TBA

Something just doesn't seem right about this.  Is this really the way the system is supposed to be set up or are we slowly changing the checks and balances set up by the Constitution?

I guess a czar can cut through the bureaucracy and make things happen faster but that's only good if you can really trust the people in power.  Many might trust Obama with this power but does this lay the groundwork for a power grab by a future president who might not be as trustworthy?  I just don't like it.

5 comments • Tim Maitski "Video Agent Guy" • June 10 2009 11:29AM

How's the Economic Recovery Plan Working?

On January 10th 2009, the Obama team came out with their economic recovery plan that they were going to immediately get implemented.  They put out a really nice report with a lot of big numbers.  These are the best and brightest people working on the economic plan. 

They had one nice chart showing the projected unemployment rate with and without their plan.  Innocentbystander.net took the Obama team's graphed projections and plotted out the real unemployment numbers that actually took place over the last five months after the Obama plan was passed.

The "Without Recovery Plan" line is looking pretty good right now.  How long do we go before we change course?  Do we double down and increase spending even more? How could these guys be off by so much?  Was there some big unknown that wasn't taken into account?  Can we really have confidence that these guys really know what they are doing?

 

 

 

9 comments • Tim Maitski "Video Agent Guy" • June 09 2009 09:21PM

About a Third of Atlanta Foreclosures Selling at or Above List Price

I'm seeing a lot of foreclosures being priced very aggressively.  It's creating multiple offer situations.  I am working with a buyer right now who has been beat out of a foreclosure deal by someone else four times over the past few months.

He tells me that if it's a "buyer's market" why should he have to pay any where near asking price.  It has been very frustrating.  I began wondering if it was just bad luck on  my part that just about every "great deal" that I find for my buyers is getting competing offers.

So I did a small analysis. I searched for single family detached foreclosures that have sold in the past 30 days that are in the northern half of Atlanta above $100,000.  What I found was that the 325 sales had a average sales/list price ratio of 92%.  Also, 106 of those 325 sales sold for the list price or above. So about 1 out of 3 foreclosures are getting full price. 

Sometimes looking at the raw data gives people a better feel for what's going on.  So here is the data for those foreclosure sales just so you can see for your own eyes what's actually going on.  

List Price Sale Price Activity Date Sales price - list price
$1,089,900 $900,000 5/19/2009 ($189,900)
$805,000 $690,000 5/19/2009 ($115,000)
$799,900 $730,000 5/13/2009 ($69,900)
$769,900 $659,000 5/11/2009 ($110,900)
$550,000 $510,000 6/3/2009 ($40,000)
$475,900 $477,900 5/19/2009 $2,000
$346,000 $325,000 5/26/2009 ($21,000)
$288,900 $275,900 5/8/2009 ($13,000)
$248,900 $242,000 5/26/2009 ($6,900)
$204,900 $190,000 5/29/2009 ($14,900)
$149,900 $146,650 6/2/2009 ($3,250)
$139,900 $94,900 5/18/2009 ($45,000)
$139,900 $146,000 5/19/2009 $6,100
$599,900 $595,000 6/3/2009 ($4,900)
$475,000 $480,000 5/18/2009 $5,000
$429,000 $425,000 5/11/2009 ($4,000)
$400,000 $391,000 5/6/2009 ($9,000)
$305,000 $350,000 5/14/2009 $45,000
$279,900 $276,200 5/7/2009 ($3,700)
$249,900 $225,000 5/14/2009 ($24,900)
$219,900 $215,000 5/21/2009 ($4,900)
$209,900 $216,900 5/18/2009 $7,000
$186,300 $180,000 5/8/2009 ($6,300)
$181,900 $173,800 5/29/2009 ($8,100)
$179,900 $174,900 5/27/2009 ($5,000)
$175,900 $175,000 5/21/2009 ($900)
$129,900 $130,000 5/6/2009 $100
$110,000 $110,000 5/8/2009 $0
$1,299,000 $1,099,000 5/18/2009 ($200,000)
$939,000 $851,000 5/12/2009 ($88,000)
$891,900 $768,000 5/28/2009 ($123,900)
$249,900 $230,900 5/27/2009 ($19,000)
$899,900 $750,000 5/27/2009 ($149,900)
$309,900 $284,500 5/20/2009 ($25,400)
$209,900 $212,000 6/3/2009 $2,100
$199,900 $226,000 5/6/2009 $26,100
$188,155 $186,000 5/29/2009 ($2,155)
$142,500 $143,900 5/21/2009 $1,400
$139,999 $142,250 5/18/2009 $2,251
$129,500 $123,500 5/18/2009 ($6,000)
$280,900 $260,000 5/27/2009 ($20,900)
$259,900 $245,000 6/1/2009 ($14,900)
$239,000 $210,000 5/18/2009 ($29,000)
$121,900 $105,000 5/7/2009 ($16,900)
$689,900 $639,999 5/21/2009 ($49,901)
$640,000 $515,000 5/8/2009 ($125,000)
$552,900 $533,000 5/7/2009 ($19,900)
$445,500 $426,125 5/20/2009 ($19,375)
$215,000 $207,000 5/15/2009 ($8,000)
$130,000 $130,000 5/27/2009 $0
$275,000 $260,000 5/21/2009 ($15,000)
$212,000 $200,000 5/12/2009 ($12,000)
$199,900 $175,000 5/20/2009 ($24,900)
$184,900 $187,000 6/4/2009 $2,100
$543,900 $512,005 5/20/2009 ($31,895)
$104,000 $104,000 5/6/2009 $0
$1,499,000 $1,274,150 5/18/2009 ($224,850)
$979,900 $859,000 5/7/2009 ($120,900)
$789,000 $700,500 5/29/2009 ($88,500)
$709,900 $650,000 5/22/2009 ($59,900)
$699,000 $659,000 5/14/2009 ($40,000)
$649,900 $629,900 5/29/2009 ($20,000)
$459,900 $459,900 5/21/2009 $0
$449,900 $449,900 5/18/2009 $0
$439,900 $390,000 5/12/2009 ($49,900)
$389,900 $362,450 5/19/2009 ($27,450)
$364,900 $355,000 5/19/2009 ($9,900)
$319,000 $329,000 5/21/2009 $10,000
$274,900 $270,000 5/7/2009 ($4,900)
$249,900 $218,000 5/20/2009 ($31,900)
$213,500 $211,000 5/6/2009 ($2,500)
$205,000 $205,000 5/14/2009 $0
$189,900 $152,250 5/20/2009 ($37,650)
$189,900 $183,200 5/6/2009 ($6,700)
$189,900 $180,000 5/18/2009 ($9,900)
$184,900 $184,900 5/6/2009 $0
$179,900 $179,000 5/27/2009 ($900)
$179,900 $179,900 6/3/2009 $0
$175,000 $173,000 6/3/2009 ($2,000)
$169,900 $165,000 5/6/2009 ($4,900)
$162,000 $148,000 5/6/2009 ($14,000)
$159,900 $165,000 5/11/2009 $5,100
$159,650 $164,300 5/8/2009 $4,650
$154,900 $169,900 5/22/2009 $15,000
$153,000 $153,000 5/20/2009 $0
$150,000 $151,000 5/28/2009 $1,000
$145,900 $150,500 5/22/2009 $4,600
$139,900 $132,500 5/13/2009 ($7,400)
$139,900 $145,000 5/18/2009 $5,100
$132,900 $132,900 5/14/2009 $0
$131,900 $130,900 6/3/2009 ($1,000)
$127,591 $127,591 5/27/2009 $0
$122,000 $121,400 5/18/2009 ($600)
$117,300 $105,000 5/11/2009 ($12,300)
$115,000 $106,000 5/8/2009 ($9,000)
$114,900 $116,600 5/7/2009 $1,700
$113,900 $117,500 5/26/2009 $3,600
$106,900 $106,900 5/20/2009 $0
$422,900 $407,500 5/15/2009 ($15,400)
$399,900 $400,000 6/3/2009 $100
$389,000 $370,000 6/4/2009 ($19,000)
$385,000 $370,000 5/8/2009 ($15,000)
$324,900 $320,000 6/1/2009 ($4,900)
$289,000 $192,700 5/29/2009 ($96,300)
$287,500 $239,000 5/15/2009 ($48,500)
$274,500 $229,750 5/18/2009 ($44,750)
$245,000 $215,340 5/11/2009 ($29,660)
$239,900 $230,000 5/11/2009 ($9,900)
$213,900 $217,000 5/20/2009 $3,100
$199,900 $197,000 6/1/2009 ($2,900)
$189,900 $192,000 5/29/2009 $2,100
$187,900 $187,900 5/6/2009 $0
$184,900 $173,000 5/29/2009 ($11,900)
$184,500 $184,500 5/6/2009 $0
$179,900 $155,000 5/12/2009 ($24,900)
$179,900 $145,000 6/4/2009 ($34,900)
$177,000 $177,000 5/26/2009 $0
$161,500 $154,000 5/19/2009 ($7,500)
$159,900 $165,795 5/6/2009 $5,895
$159,900 $151,000 5/29/2009 ($8,900)
$156,800 $156,800 5/14/2009 $0
$155,000 $147,500 5/13/2009 ($7,500)
$154,900 $160,500 5/8/2009 $5,600
$152,900 $153,000 5/12/2009 $100
$149,900 $149,900 5/6/2009 $0
$139,999 $130,000 6/3/2009 ($9,999)
$129,900 $129,900 5/26/2009 $0
$123,500 $125,000 5/29/2009 $1,500
$123,200 $126,200 5/14/2009 $3,000
$119,900 $117,500 5/13/2009 ($2,400)
$119,900 $124,500 5/13/2009 $4,600
$119,000 $118,000 5/7/2009 ($1,000)
$114,900 $127,000 5/18/2009 $12,100
$114,500 $103,000 5/7/2009 ($11,500)
$109,900 $109,900 5/20/2009 $0
$109,900 $105,000 5/13/2009 ($4,900)
$102,900 $95,500 5/19/2009 ($7,400)
$102,500 $105,000 5/19/2009 $2,500
$101,600 $92,400 5/19/2009 ($9,200)
$300,000 $321,000 5/7/2009 $21,000
$261,300 $259,350 5/22/2009 ($1,950)
$214,900 $206,000 6/3/2009 ($8,900)
$204,900 $190,000 5/13/2009 ($14,900)
$203,000 $197,500 6/3/2009 ($5,500)
$193,900 $177,000 5/6/2009 ($16,900)
$189,900 $200,000 5/15/2009 $10,100
$184,900 $175,000 5/15/2009 ($9,900)
$174,900 $178,125 5/28/2009 $3,225
$160,000 $156,500 5/19/2009 ($3,500)
$149,999 $153,000 5/6/2009 $3,001
$144,000 $136,800 5/29/2009 ($7,200)
$140,087 $138,000 5/11/2009 ($2,087)
$140,000 $140,000 5/11/2009 $0
$134,900 $140,900 5/12/2009 $6,000
$121,900 $137,000 5/13/2009 $15,100
$120,900 $124,500 5/14/2009 $3,600
$118,000 $121,000 5/18/2009 $3,000
$109,900 $95,000 5/14/2009 ($14,900)
$109,300 $104,900 5/14/2009 ($4,400)
$105,000 $105,000 5/7/2009 $0
$104,900 $98,925 5/11/2009 ($5,975)
$209,900 $218,511 5/21/2009 $8,611
$159,900 $160,000 6/3/2009 $100
$149,200 $140,000 5/26/2009 ($9,200)
$141,312 $115,500 5/7/2009 ($25,812)
$134,900 $110,000 5/19/2009 ($24,900)
$132,900 $115,700 5/29/2009 ($17,200)
$130,500 $130,500 5/13/2009 $0
$123,900 $119,000 5/14/2009 ($4,900)
$119,900 $119,000 5/11/2009 ($900)
$119,900 $109,000 5/26/2009 ($10,900)
$109,900 $112,000 5/8/2009 $2,100
$104,900 $119,900 5/29/2009 $15,000
$469,900 $467,285 6/3/2009 ($2,615)
$449,900 $435,000 6/2/2009 ($14,900)
$325,000 $275,000 5/26/2009 ($50,000)
$299,900 $298,000 5/6/2009 ($1,900)
$275,000 $270,000 5/20/2009 ($5,000)
$239,900 $238,900 5/13/2009 ($1,000)
$235,000 $226,250 5/14/2009 ($8,750)
$224,900 $195,000 5/22/2009 ($29,900)
$154,500 $150,000 5/11/2009 ($4,500)
$139,900 $93,500 5/12/2009 ($46,400)
$135,000 $130,000 5/14/2009 ($5,000)
$119,900 $116,600 5/18/2009 ($3,300)
$114,900 $112,000 5/14/2009 ($2,900)
$109,900 $116,000 5/26/2009 $6,100
$109,600 $102,500 5/29/2009 ($7,100)
$109,250 $105,000 5/29/2009 ($4,250)
$106,900 $80,000 5/29/2009 ($26,900)
$102,900 $102,000 5/15/2009 ($900)
$535,900 $425,000 5/29/2009 ($110,900)
$529,900 $497,500 5/18/2009 ($32,400)
$521,500 $475,290 5/20/2009 ($46,210)
$465,000 $420,000 5/7/2009 ($45,000)
$449,000 $420,000 5/27/2009 ($29,000)
$429,900 $419,000 5/7/2009 ($10,900)
$427,900 $400,000 5/26/2009 ($27,900)
$309,985 $309,985 5/27/2009 $0
$259,900 $260,000 5/11/2009 $100
$241,900 $241,900 6/2/2009 $0
$235,000 $240,000 5/12/2009 $5,000
$224,900 $224,000 5/28/2009 ($900)
$217,400 $236,000 5/18/2009 $18,600
$193,900 $196,000 5/6/2009 $2,100
$179,900 $160,000 5/6/2009 ($19,900)
$176,300 $183,000 5/20/2009 $6,700
$170,900 $170,900 5/13/2009 $0
$169,900 $152,500 5/20/2009 ($17,400)
$140,500 $113,000 5/8/2009 ($27,500)
$549,900 $460,000 5/12/2009 ($89,900)
$210,000 $227,000 5/20/2009 $17,000
$209,900 $203,500 5/19/2009 ($6,400)
$199,900 $182,000 5/6/2009 ($17,900)
$198,000 $195,000 5/28/2009 ($3,000)
$175,900 $175,000 5/8/2009 ($900)
$151,900 $176,000 5/21/2009 $24,100
$145,000 $135,000 5/13/2009 ($10,000)
$142,500 $131,000 6/2/2009 ($11,500)
$139,900 $139,900 5/18/2009 $0
$122,900 $122,000 5/19/2009 ($900)
$122,500 $122,500 5/8/2009 $0
$599,000 $525,000 5/20/2009 ($74,000)
$599,000 $540,000 5/12/2009 ($59,000)
$180,000 $183,000 6/3/2009 $3,000
$166,500 $155,000 5/14/2009 ($11,500)
$114,900 $100,000 5/8/2009 ($14,900)
$509,900 $661,000 5/20/2009 $151,100
$338,900 $330,000 5/19/2009 ($8,900)
$323,900 $323,900 5/19/2009 $0
$308,900 $257,250 5/8/2009 ($51,650)
$185,000 $171,500 6/3/2009 ($13,500)
$175,000 $175,000 5/8/2009 $0
$144,900 $142,500 5/22/2009 ($2,400)
$142,900 $140,100 5/18/2009 ($2,800)
$127,900 $120,500 5/18/2009 ($7,400)
$122,000 $122,000 5/11/2009 $0
$499,900 $405,000 5/12/2009 ($94,900)
$445,000 $417,000 5/18/2009 ($28,000)
$498,000 $465,000 5/15/2009 ($33,000)
$259,900 $210,000 5/22/2009 ($49,900)
$249,900 $252,400 5/28/2009 $2,500
$229,900 $227,000 5/8/2009 ($2,900)
$209,900 $165,000 5/12/2009 ($44,900)
$205,900 $230,000 5/13/2009 $24,100
$169,900 $164,900 5/27/2009 ($5,000)
$169,900 $155,000 5/28/2009 ($14,900)
$169,900 $155,000 6/4/2009 ($14,900)
$169,100 $169,000 5/13/2009 ($100)
$162,900 $157,000 5/29/2009 ($5,900)
$159,900 $127,500 5/11/2009 ($32,400)
$157,900 $154,000 5/6/2009 ($3,900)
$134,900 $132,900 5/12/2009 ($2,000)
$129,900 $122,000 6/4/2009 ($7,900)
$119,900 $115,000 5/15/2009 ($4,900)
$117,100 $118,000 5/20/2009 $900
$104,900 $97,000 5/26/2009 ($7,900)
$1,500,000 $1,102,000 5/12/2009 ($398,000)
$1,179,900 $1,179,900 5/29/2009 $0
$436,900 $420,000 5/29/2009 ($16,900)
$399,750 $372,900 5/8/2009 ($26,850)
$337,900 $337,000 5/21/2009 ($900)
$290,000 $275,000 5/18/2009 ($15,000)
$276,900 $265,000 6/4/2009 ($11,900)
$200,000 $200,000 6/3/2009 $0
$195,000 $195,000 5/22/2009 $0
$190,000 $190,000 5/19/2009 $0
$175,000 $182,000 5/15/2009 $7,000
$153,900 $152,900 5/15/2009 ($1,000)
$144,900 $132,500 5/7/2009 ($12,400)
$139,555 $142,050 5/26/2009 $2,495
$128,800 $130,000 5/21/2009 $1,200
$110,000 $92,000 5/14/2009 ($18,000)
$104,100 $114,405 6/3/2009 $10,305
$620,900 $600,000 6/3/2009 ($20,900)
$190,510 $179,000 5/6/2009 ($11,510)
$268,900 $269,900 5/27/2009 $1,000
$1,295,000 $1,060,000 5/14/2009 ($235,000)
$999,900 $975,000 5/18/2009 ($24,900)
$280,000 $295,000 5/29/2009 $15,000
$799,000 $665,000 5/27/2009 ($134,000)
$777,777 $740,000 6/2/2009 ($37,777)
$675,000 $275,000 5/19/2009 ($400,000)
$640,000 $275,000 5/19/2009 ($365,000)
$605,900 $590,000 5/12/2009 ($15,900)
$536,635 $575,000 5/26/2009 $38,365
$509,900 $534,677 5/21/2009 $24,777
$499,000 $137,800 5/19/2009 ($361,200)
$424,900 $425,000 6/3/2009 $100
$399,900 $390,000 6/3/2009 ($9,900)
$364,900 $340,000 5/28/2009 ($24,900)
$267,500 $265,000 5/19/2009 ($2,500)
$204,000 $190,000 5/21/2009 ($14,000)
$185,000 $185,000 5/6/2009 $0
$178,500 $175,000 5/13/2009 ($3,500)
$134,900 $142,750 5/15/2009 $7,850
$129,000 $122,000 5/6/2009 ($7,000)
$119,900 $113,000 5/21/2009 ($6,900)
$600,000 $470,000 5/13/2009 ($130,000)
$550,000 $200,000 6/3/2009 ($350,000)
$410,000 $355,000 5/20/2009 ($55,000)
$229,000 $205,000 5/7/2009 ($24,000)
$223,900 $223,900 5/13/2009 $0
$199,900 $188,300 5/28/2009 ($11,600)
$199,000 $199,000 6/2/2009 $0
$194,900 $186,000 5/7/2009 ($8,900)
$189,900 $182,000 5/20/2009 ($7,900)
$185,000 $174,900 5/6/2009 ($10,100)
$184,900 $170,000 6/2/2009 ($14,900)
$599,900 $532,483 5/13/2009 ($67,417)
$350,000 $350,000 5/13/2009 $0
$180,000 $176,200 5/6/2009 ($3,800)
$165,000 $158,000 5/26/2009 ($7,000)
$154,900 $145,000 5/21/2009 ($9,900)
$150,000 $150,000 5/8/2009 $0
$149,900 $147,000 6/4/2009 ($2,900)
$148,900 $140,275 5/14/2009 ($8,625)
$425,000 $372,750 5/28/2009 ($52,250)
$364,900 $320,500 5/14/2009 ($44,400)
$332,900 $332,900 5/20/2009 $0
$216,900 $207,000 5/15/2009 ($9,900)
$141,900 $139,900 5/12/2009 ($2,000)
$135,500 $105,000 5/13/2009 ($30,500)
$129,000 $115,000 5/29/2009 ($14,000)
$128,900 $120,000 5/13/2009 ($8,900)
$119,900 $105,700 6/4/2009 ($14,200)
ave ave sales/list # at or above list
$279,142 $258,145 92.48% 106

2 comments • Tim Maitski "Video Agent Guy" • June 04 2009 11:40AM