Housing market still viable - WALB.com, Albany News, Weather, Sports

Housing market still viable

  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Stores gear up for Tax Free Weekend

    Stores gear up for Tax Free Weekend

    Friday, August 1 2014 5:18 AM EDT2014-08-01 09:18:42 GMT
    Retail stores in South Georgia are gearing up for the tax free holiday weekend.More >>
    Retail stores in South Georgia are gearing up for the tax free holiday weekend.More >>
  • Shoppers fire up for tax free holiday

    Shoppers fire up for tax free holiday

    Friday, August 1 2014 4:12 AM EDT2014-08-01 08:12:21 GMT
    Calculators, spirals, backpacks...just a few essentials for back-to-school shopping and with a bonus of a tax free holiday, shoppers will be scrambling to snag the best deals. More >>
    Calculators, spirals, backpacks...just a few essentials for back-to-school shopping and with a bonus of a tax free holiday, shoppers will be scrambling to snag the best deals. More >>
  • Phoebe foundation receives donation for medical student housing

    Phoebe foundation receives donation for medical student housing

    Thursday, July 31 2014 11:25 PM EDT2014-08-01 03:25:30 GMT
    Lauren Ray, Phoebe Foundation Executive DirectorLauren Ray, Phoebe Foundation Executive Director
    A generous donation will help build a $5 million medical student housing facility on Phoebe Putney Memorial Hospital's campus.The Richard King Mellon Foundation donated $1 million to the Phoebe Foundation for the proposed 25-unit gated community. More >>
    A generous donation will help build a $5 million medical student housing facility on Phoebe Putney Memorial Hospital's campus.The Richard King Mellon Foundation donated $1 million to the Phoebe Foundation for the proposed 25-unit gated community. More >>

August 24, 2007

Albany -- Even after the recent nationwide mortgage scare, the American housing market shows signs of renewed. The Commerce Department reported that new-home sales rose 2.8 percent in July.

This came as a surprise to many, as analysts had forecast a decrease of one-point four percent for July. Real estate agents in South Georgia say the market here continues to be much stronger than the national market, even on pace to exceed the record sales of 2006.

Agents say that area builders and real estate agents are offering an array of incentives to attract buyers.

"There are a lot of builders that are putting incentives on their homes, they will add an extra deck, they will do a lot more sodding or make some changes in the home and not reflect it in the pricing, or a lot of them are doing redecorating bonuses of a thousand, fifteen hundred, even two thousand dollars," said Ralph Paustian of Century 21 Realty.

Many of the incentives for buyers locally and nationally are being used to keep up with an increase in housing inventory that shows no near term signs of a slowdown.

Feedback: news@walb.com?subject=HousingIncentives-CN