Hall County Real Estate information and recent sales data from down your street.

Real Estate Newsletter

September 19, 2017.  Vol 9, Issue 16

[Sales data:  August 16 to 31, 2017]
Real Estate Spotlight

1.  Over the two week period in Hall County, from August 16 to 31, 2017, Realtors have participated in selling 132  single-family homes with an average sales price of $280,910 .

2.  Lake Lanier Water Level:  1,065.59 as of Tuesday, September 19, 2017.  Lake Lanier is 5.41 feet below its full pool level.  

      
Boomerang Buyers are Coming Soon!


KCM Blog previously wrote about a study conducted by TransUnion titled, "The Bubble, the Burst and Now - What Happened to the Consumer?" The study revealed that 1.5 million homeowners who were negatively impacted by the housing crisis could re-enter the housing market between 2016-2019.

Recently, HousingWire analyzed data from the US Bankruptcy Courts and revealed that 6 million Americans will have their bankruptcies disappear off their credit reports over the next five years and that this could " possibly send a flood of more homebuyers into the housing market."

The chart below shows the total number of bankruptcies filed by year in the US over the last 10 years. The light blue bars represent over 3.3 million people who have already waited the 7 years necessary for their reports to no longer include their bankruptcies.



How would this "send a flood of more home buyers into the housing market"?
As the article mentioned, in 2010, the number of chapter 7 bankruptcies increased to nearly 1.14 million. Now, 7 years later, they will begin to fade from credit histories, enabling prospective buyers to become homeowners again once their credit scores improve.

As we can see from both reports, the home ownership rate has the opportunity to increase drastically over the next few years with all of these boomerang buyers returning to the market.

Bottom Line:
If your family was negatively impacted by the housing bust, here is the light at the end of the tunnel! You may be able to purchase your dream home faster than you think! 
  

Source:  KCMBlog

Home Sales in Hall County
     August 16 to 31, 2017 Sales in Your Neighborhood
 
  
 
Featured Listing:



Over 3 Acres on Lake Lanier!
91 Overlook Drive
Gainesville, GA 30506

New Price:  $745,000
Endless potential with this Lake Lanier home. One of a kind, spacious home situated on 3+ beautiful acres! Gardens and unique architecture make this home a standout! Master on main, 2 fireplaces, large living spaces, storage galore! Bring your vision!  Cove opens to a huge bay on Lake Lanier.  Dock in place!



Contact us soon to see this property.  Thank you.

Faces of Hall County:
Bonner Burton

This is a 3 question sneak peak...

1)  What is your favorite restaurant in Hall County, and what do you love there?   "Longstreet. I love the breakfast buffet."

2)  What advice would you give a crowd of people?   "From a personal standpoint, your family should always come first. Professionally, I'd say to put on your seat belt, and put down your cell phone."

3)  Choosing anyone alive and a non-relative: with whom would you love to have lunch?   "Governor Nathan Deal. He is the last of the great statesmen. He aims to fulfill the betterment of the state of Georgia. He's done so much-he was a prosecutor, a congressman and now our Governor. We'd go somewhere off the beaten path for lunch because I would want to seize my time with him."


To read this entire interview CLICK HERE.
 
To read more about the Faces of Hall County CLICK HERE.


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If we can ever help you or someone that you know in real estate, please give us a call. 
We are grateful for your referrals.  We strive to give our clients and friends
real value in everything that we do.  Thank you for your time and support!

Brad Abernathy  770-540-1548  |  Regina Cochran  678-414-0646
CJ Greene  770-540-5879  |  Chris Romberg  678-677-6701
Robert Bell  770-654-0507  |  Ricky Lewallen  770-654-7922
Brandi Benz  678-234-7712


Abernathy Cochran Group  | The Norton Agency | 770-718-5255 or 770-536-1250
 

The Abernathy Cochran Group has been ranked in the top 50 in the state of Georgia 
in real estate sales volume for 5 years in a row and is the  leader in 
Hall County sales volume for the last 7 years in a row.


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