Dear Neighbors,
I hope everyone enjoyed St. Patrick’s Day celebrations yesterday or this past weekend! We had green grits here at the office. Below is the weekly email that I send out to real estate agents throughout Atlanta and wanted to share it with you!

In good news, the U.S. Commerce Department reported that new construction had a gain of 22.2 percent, with most of that percentage coming from the multifamily side instead of single-family. Single-family housing permits were up in February, "suggesting a glimmer of hope for the prime home buying season," said the National Association of Home Builders’ Chairman Joe Robson. Read more here...

Foreclosure numbers may not be as high as they seem. A recent study from Realty Trac and USA Today has found that the record foreclosures have been concentrated in a relatively small area and that in parts of the country, foreclosures are declining. Read the full story here...

Auctions picking up in Atlanta. Over 200 foreclosed properties are set to be sold off in a three-day auction starting this Friday. In addition, the Horizon condo tower in northwest Atlanta will put up 40 units that have not yet sold (but are not yet in foreclosure). For more in the article from the AJC, click here.

We are searching for two additional agents who, if given an abundant amount of leads, can close an additional transactions each month. If that’s you, then I have those leads. Seats in our office are filling up, so please call me directly at 404.564.7272.

Lending to thaw for entrepreneurs. In an effort to funnel credit into the accounts of small business holders, the Treasury Department will purchase $15 billion in Small Business Administration loans. Click here for more...

About those bonuses... President Obama is promising to do what he can to block and recoup the losses due to AIG’s $165 million in bonus payouts this past year. Click here...

Do you have friends who are interested in entering the real estate business? We have a link on our careers page to real estate licensing, appraisal, and home inspection schools!

Automate your price reductions. Click here for a quick tip on the benefits of having clients sign automatic price reductions when they sign the original listing agreement.

The condo rental dilemma. I stepped off of the elevator into the hallway of one of our condos listings last week to find a flyer posted, "We have reached our 25% maximum capacity for rental units." Many condo owners are facing these same signs all over town and unable to rent their condos. The debate rages as to what should be allowed. Read more here...

Best wishes for a successful week!
Zac

404.564.7272 | zac@zac.biz | www.zac.biz | http://blog.zac.biz