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Market Studies

Craig Long LLC Adds Associate Attorney

Craig Long LLC, a real estate law firm with offices in Cumming and McDonough, Georgia, announced today that Ashley Carroll has joined the firm as an associate attorney. In this role, Carroll will conduct closings and handle other general legal practice matters for the firm’s McDonough office.

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NAR: Home Sales Down on Tight Credit and Economic Slowdown

Pending home sales in September fell on the heels of a strong gain a month earlier as credit tightened and economic conditions deteriorated, according to the National Association of Realtors (NAR). The association released its Pending Home Sales Index (PHSI) today, which is a forward-looking indicator based on contracts signed in September.

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Lender Survey: GSE Takeover Was Necessary

According to information released today from MORTECH LLC, a company that has provided research on lender attitudes and behavior and their use of technology for the last twenty years, early returns to the MORTECH 2008 survey show lenders overwhelmingly agree that the federal government had good reason to intervene in the operations of government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac when it stepped in and took conservatorship of the two companies on September 7 of this year.

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MBA Survey Shows Shift to Fixed Rate and Government Loans

Borrowers who took out mortgages in the first half of 2008 showed a strong preference for fixed rate mortgage products due to a decrease in fixed mortgage rates and the continued tightening of lending standards, according to the Mortgage Bankers Association’s (MBA’s) Mortgage Originations Survey released today.

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Vacant Homes on Market Edge Upward

The number of vacant residential properties for sale inched up to 2.23 million units in the third quarter of 2008 from 2.1 million units in the second quarter, according to a Census Bureau report released last week.

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