Realtors optimistic for 2013 - WALB.com, South Georgia News, Weather, Sports

Realtors optimistic for 2013

THOMASVILLE, GA (WALB) -

Have you noticed fewer FOR SALE signs lately?

South Georgia real estate agents say they are starting to sell more houses.

But they also say there is still a long way to go to make 2013 a strong year.

Real estate agents say 2010 was a little better than 2009.

And '11 was better than '10.

But what about 2012?

"People were optimistic and 2012 was a better year. Not significantly better, but better because things were not flat or worse then the years past. So we're seeing some signs of improvement," said First Thomasville Realty Owner Mills Herndon

Herndon says foreclosure orders did slow down before the election, but things did pick back up in November.

"The problem with that is that tends to keep values down and comps down and prices down. So until we finish that and flood those out of the market, we won't see a big appreciation in housing prices."

Herndon says the one thing that can bring the market back up is jobs. "Probably 75 percent of the houses that we sold, and we sold 489 units last year, 75 percent of those units were under $100,000. So most of those are first time home buyers and people getting out of school and getting jobs and those kinds of things. So it's critical."

Realtors say with interest rates as low as they are, now is still a great time to buy, if you can get the financing.

"The financing is available, but the underwriter requirements to get a mortgage are extremely difficult. So if you have good credit, really good credit, the interest rates are still very low," said Herndon.

Herndon says as long as consumer confidence continues to rise, and unemployment continues to drop, the market will one day thrive as it did before the recession.

U.S. banks completed foreclosure on about 60 thousand homes in November.

That was an 11 percent increase from October.

 

WALB. All rights reserved.

Copyright 2013

 

 

  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Valdosta man's murder conviction upheld

    Valdosta man's murder conviction upheld

    Monday, February 19 2018 8:58 AM EST2018-02-19 13:58:20 GMT
    Monday, February 19 2018 10:06 AM EST2018-02-19 15:06:54 GMT

    The Georgia Supreme Court issued a ruling Monday that upholds the 2011 conviction and life sentence for a Valdosta man.

    More >>

    The Georgia Supreme Court issued a ruling Monday that upholds the 2011 conviction and life sentence for a Valdosta man.

    More >>
  • PetSmart holds national adoption weekend for pets

    PetSmart holds national adoption weekend for pets

    Monday, February 19 2018 12:33 AM EST2018-02-19 05:33:47 GMT
    Nearly 40 animals were adopted out over the weekend at Petsmart. (Source: WALB)Nearly 40 animals were adopted out over the weekend at Petsmart. (Source: WALB)

    Dozens of animals in Southwest Georgia are curled up in new homes tonight.  That's thanks to PetSmart's National Adoption Weekend. Saturday three different Humane Societies from South Georgia brought pets looking for new homes to the Albany PetSmart. 

    More >>

    Dozens of animals in Southwest Georgia are curled up in new homes tonight.  That's thanks to PetSmart's National Adoption Weekend. Saturday three different Humane Societies from South Georgia brought pets looking for new homes to the Albany PetSmart. 

    More >>
  • Black history program honors history maker

    Black history program honors history maker

    Sunday, February 18 2018 11:55 PM EST2018-02-19 04:55:08 GMT
    Major General Retired, Alfred Flowers is the longest serving airman in U.S. history. (Source: WALB)Major General Retired, Alfred Flowers is the longest serving airman in U.S. history. (Source: WALB)

    "I'm always honored but more importantly I'm humbled that folks would honor me for doing the nation's business," said Major General Retired, Alfred Flowers. History-maker Major General Retired Alfred Flowers has been in South Georgia this weekend. 

    More >>

    "I'm always honored but more importantly I'm humbled that folks would honor me for doing the nation's business," said Major General Retired, Alfred Flowers. History-maker Major General Retired Alfred Flowers has been in South Georgia this weekend. 

    More >>
Powered by Frankly