Dacula Roswell Buford GA Home Sales biggest monthly gain in 28 years, but it was also the third worst sales month on record – Short Sale Express

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Georgia Home sales worse than we think…Alpharetta Buford Dacula Roswell Short Sale Foreclosure Update

Noise.  There’s an awful lot of it in the report on September existing home sales from the National Association of Realtors.  Yes, it was the biggest monthly gain in 28 years, but it was also the third worst sales month on record. This was thanks to the historic plunge in home sales in July, after what we first thought was the closing deadline for the home buyer tax credit.  September’s data still has government stimulus in it, as it’s showing the final closings from the tax credit. Thirty-two percent of home buyers in September were first timers and a whopping 29% paid in cash, which really gives you an idea of where the mortgage market is today. Sales were still 19 percent below September of 2009 levels, so that tempers the big gain as well. The median sales price also fell 2.4 percent year over year and is the lowest reading since March.

If you take out the seasonal adjustments in September, there were actually 35,000 fewer home sales in September than August, or a 8.5 percent drop. We always use the seasonally adjusted numbers, because home selling is a very seasonal business, but you can’t ignore the raw stats on this one. The most important number in this report, however, is that 35 percent of all sales in September were of “distressed” properties, or foreclosures and short sales. We all know a huge chunk of that goes away in October, thanks to the foreclosure servicing issues and resulting moratoria.

I’ll show you how to Short Sale your property and never pay the Bank another penny…
Our Services are always FREE for YOU…The Bank pays our Fees and Closing cost in a Short Sale.
Send me an e-mail at rlorans@gmail.com. I will contact you for a Free consultation. When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (770) 866-2561.

Discover how other Sellers successfully completed a Short Sale and request a Free consultation.
Thinking about a Loan Modification? Our Atlanta Loan Modification Kit has the instructions you will need to help you get a Loan Modification approved with your lender.

Thanks for reading this, Roland Lorans.

Roland is a Real Estate Agent at Keller Williams Real Estate Metro Atlanta .

Phone: (770) 866-2561

View our Website for FREE at HelpMeSaveMyHome.

Roland Lorans specializes in Pre Foreclosure and Short Sale Homes in Hamilton Mill Dacula, Buford, Suwanee, Alpharetta GA and Metro Atlanta Georgia.

My TEAM will show you how to Find a great Short Sale property and get a FREE Foreclosure List.

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Roland Lorans TEAM Keller Williams Real Estate Atlanta Partners We are Realtors that do Short Sales and Help Save Houses 770-866-2561
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