Blog
People Are Flocking to Athens!
Posted on Aug 8, 2008 by Mike Geyer |
According to the U.S. Census Bureau dated July 10, 2008, people are flocking to Athens in the 21st century! According to the records, 12, 491 more people live in Athens than did 7 years ago. Athens also regularly ranks high when organizations put out lists such as the greenest cities in the United States, the best places to retire, or recently, a list of best small cities for business and c...
New Law Adds Tax Breaks for Real Estate
Posted on Aug 4, 2008 by Mike Geyer |
Recently, lawmakers slipped plenty of new tax breaks for real estate into newly enacted legislation that is intended to provide relief from the current mortgage crisis. Taxwriters have approved tax cuts worth $12.4 billion over 10 years, as well as tax increases to offset them. Filers who do not itemize deductions can deduct real estate taxes they paid in 2008 in addition to their standard d...
Posted on May 9, 2008 by Mike Geyer |
Attention aspiring homeowners: Don’t be scared off by rumors that you need a huge down payment and the squeakiest of credit histories to get into a house. A 10% down payment is now the norm, says Jim McMillan, a senior loan officer for JP Morgan, but you can find 5% down payment loans. Zero down payment options are nearly impossible, but if you’re working with a conforming loan of $417,000 o...
Posted on Mar 19, 2008 by Mike Geyer |
Investing in a college town can work to your advantage! An article from BusinessWeek, March 13, 2008 issue came out entitled “College Towns: Still A Smart Investment.” It said property values in college towns are holding strong and can make a good investment whether you’re a parent, an investor or just looking to relocate. It also stated that enrollments esp. at large public universities are...
Residential Single Family Sales for 2000 through 2007
Posted on Feb 12, 2008 by Mike Geyer (data from Athens ILS) |
Unless you've been on a beach somewhere for the last year, you have been hearing about how bad the real estate market is in the United States. The sub-prime mortgage collapse is real in many communities around the country and the economy has been trying hard to stay out of recession. However, in Athens we have seen less than our share of these kinds of problems. In fact business is close to ...
