West Cobb Real Estate News!

FOXNews.com - Existing Home Sales Climb, Though Prices Fall - Real Estate News | Mortgage Information | House Hunting

The National Association of Realtors reported Tuesday that sales of previously owned homes rose by 3 percent last month, the biggest one-month increase since a 3.3 percent increase in January 2005, a time when housing was roaring toward the peak of its five-year boom.

The median price of an existing home sold in January dropped to $210,600, a decline of 3.1 percent from a year ago. It marked the sixth straight month that the median price has been down compared with a year ago. The January decline was the third-biggest drop in history.

Get Cobb specific market real estate information from the Cobb County Real Estate professionals. Log into www.cobbhome.info.

Attached is the link to the proposed Charter School in Mableton.

IAM :: International Academy of Mableton

If you are looking to relocate due to schools, contact Petersen
Partners at Prudential Georgia Realty, experienced in helping families
find homes in the right school district that fits your needs.  www.cobbhome.info

The charter school is planning on opening this fall in a temporary location while they secure a final location.  There were originally in negotiations to purchase the Word of Faith church property on 3059 S. Cobb Drive, but the church is no longer able to sell the property.

For more information click on

International Academy of Smyrna

If you are looking to relocate due to schools, contact Petersen Partners at Prudential Georgia Realty, experienced in helping families find homes in the right school district that fits your needs.  www.cobbhome.info

By JULIE B.
HAIRSTON
The Atlanta
Journal-Constitution
Published on: 02/08/07

WHAT EXPERTS SEE
• A housing glut will keep builders from expanding
inventories.
• Builders will rely on more price incentives to sell
houses.
• Demographic trends, including immigration and baby boomer
retirements, could stimulate healthy levels of construction at the end of
2007.
• Sales and prices should be well into recovery by the end of the
year.
Sources: National Association of Home Builders Chief Economist David
Seiders; David Berson, vice president and chief economist for Fannie Mae; Frank
Northaft, chief economist for Freddie Mac.

For the full article click here

For more real estate information log onto www.cobbhome.info