Cookies anyone?

Homemade Joy will once again be offering fresh baked cookies for sale this weekend.  On Saturday, Juyly 31, the West End Farmers / Community Gardens

Market will open 8:00 AM to 12:00 Noon at 640 Evans Street in the West End.  The market will no longer be open on Fridays.

For orders of 12 or more cookies, please contact Marc in advance at
404-964-8946,

or email your order to homemadejoy@yahoo.com.

** Please forward this to every you know might be interested in the Homemade Joy Cookies, or the Farmers / Community Gardens market.

Moody’s: Limit Deductions for Home Owners

 
Moody’s Analytics Chief Economist Mark Zandi argued last week in favor of limiting the mortgage interest and property tax deductions for home owners as a way of cutting the deficit. He said the mortgage-interest deduction costs the U.S. Treasury more than $100 billion a year.

Zandi was speaking to an audience at a real estate forum sponsored by the U.S. Chamber of Commerce. The Wall Street Journal described the audience as “unsympathetic.”

When asked by an industry representative to explain why this tact was wise, Zandi said, “There is no other sector in the economy that has received more support than your industry, and it’s time to give back.”

The Wall Street Journal

It’s a Great Time for Housing Deals

Paying off an underwater mortgage and buying a better home could be the best tactic in this troubled market.

“If you are trading up, what better time than when interest rates are at record lows and the cost of the trade-up is much less than it used to be?” says Christopher J. Mayer, a Columbia Business School economist.

With 15-year fixed-rate mortgages at about 4.5 percent, it also makes sense to pay off the mortgage and keep the house. “At this point,” says Jay Brinkmann, chief economist of the Mortgage Bankers Association in Washington, D.C., “if they don’t have anything else that is bringing a tremendous return, then they are buying themselves an annuity by paying their house off sooner than they needed to.”

Source: The Wall Street Journal, M.P. McQueen 

Top 10 Real Estate Search Terms in May

Internet analytic site Hitwise identified these top 10 search terms in May:

· realtor.com
· apartments for rent
· zillow
· real estate
· remax
· century 21
· zillow.com
· unclaimed money
· houses for rent
· houses for sale

Realtor.com accounted for 1.8 percent of search terms that led to a real estate category site. Each of the rest of the terms accounted for fewer than 1 percent of visits.

Source: Inman News (06/11/2010)

FBI Renews Push to End Mortgage Fraud

The FBI says it will renew its efforts to end mortgage fraud. A spokesman said last week that the FBI anticipates arresting hundreds in crackdowns scheduled over the coming weeks.

Offenses agents expect to find range from schemes that encourage borrowers to lie about their incomes to scams that rely on falsifying foreclosure information.

The FBI has set up 23 fraud task forces across the U.S. to carry out the anticipated sweep.

Source: Financial Times (06/11/2010)

GA Dream Programs…

Ga Dream Rates are at a Historic Low!!!! This is great news for our first-time homebuyers, with 2 different down payments assistance programs available.  I would be happy to tell you more about the standard Ga Dream program and the Rewards program, offering you $5-$7,500 in down payment funds!