Metro Atlanta, Gerogia Real Estate Market, North Georgia, REO Sales

New home building has dip to the lowest level since March 1991. Homebuilders are hoping the housing rescue package approved by Congress last month will boost the "dismal" real estate sector. The law includes a temporary $7,500 tax credit for first time homebuyers that essentially works out to a 15-year, interest-free loan.Still I have read and talked with Homebuilders who reported that their last quarterly numbers show a 30-50% plunged in revenue and new orders.

Another issue is we need to keep a watch on the financial health of the mortgage giants "Fannie Mae and Freddie Mac"   Well one thing I will say if you are wanting to BUY and get the money to do so ....Get out there and make a deal happen. Take care. call me anytime.