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MARTA working on 10-acre Brookhaven development

MARTA working on 10-acre Brookhaven development

BROOKHAVEN, Ga. -- MARTA is planning to meet with developers on Jan. 19 as it ramps up efforts to redevelop a 10-acre site at its Brookhaven/Oglethorpe transit station.

The transit authority has issued a Request for Qualifications to convert the large surface parking lot next to the station into a mixed-use development, including residential and retail space. A new Brookhaven city hall and library are also possible anchors of the project.

The plans comes as developers continue to pitch new apartment projects along Peachtree Road between Brookhaven and Doraville.

In spring 2013, MARTA committed to having five transit-oriented developments underway within two years. It's already working with developers at its King Memorial, Avondale and Edgewood/Candler stations.

"Driving Miss Daisy" home on the market for $1.95 million

"Driving Miss Daisy" home on the market for $1.95 million

ATLANTA -- Twenty-three years ago, this month, Atlanta was the focus of the Academy Awards when "Driving Miss Daisy" won "Best Picture.

The film was written by Pulitzer prize winning Atlanta playwright Alfred Uhry who grew up in the Druid Hills area.

The story deals with the relationship between an elderly Jewish woman and her African-American chauffeur after World War II.

And as of today, the home from the movie, which forever linked Atlanta to Hollywood is, now, up for sale and it's going to the highest bidder.

To some, the home is as defining as Jessica Tandy & Morgan Freeman and as unforgettable as Alfred Uhry's words.

It's located at 922 Lullwater Road in the Druid Hills neighborhood.

Jeff Hullinger asked, the listing agent for Coldwell Banker Doris Robinson, "How did this home get selected for the movie?"

Fulton County to Host Information Workshop for Future Homeowners

Fulton County to Host Information Workshop for Future Homeowners

Fulton County residents with dreams of owning a home are invited to attend a “Do You Dream of Owning Your Own Home?” information session on Tuesday, June 26, 2012.  Future homebuyers can learn more about all eligibility requirements of the Home Ownership Program (HOP) and the Neighborhood Stabilization Program (NSP).  The workshop hosted by the Department of Housing and Human Services Office of Housing and Community Development will be held from 6:30 p.m. – 7:30 p.m. at the South Fulton Service Center.  The Service Center is located at 5600 Stonewall Tell Road in College Park, Georgia 30349.

Fulton County to Host Information Session on How to Prevent Foreclosure

Fulton County to Host Information Session on How to Prevent Foreclosure

November 16 Workshop is the final information session for 2011

Fulton County residents can take advantage of the final information session for 2011 on how to save their homes from foreclosure.  An information workshop will be held Wednesday, November 16, 2011, at the Southwest Branch of the Atlanta- Fulton County Public Library from 1:00 p.m.

Eco-Fabulous Explored on Beltline Tour

Eco-Fabulous Explored on Beltline Tour

The Atlanta Beltline project is a diverse 2.8 billion project to renovate neighborhoods, parks and commercial space for an area of the city that will be connected by town-car (incorporating old railroad tracks).  The project incorporates nature and neighborhood's existing materials to create a neighborhood that's "eco-fabulous", as our tour guide called it. Brian Leary, the brain behind this project was a college student who was inspired by a similar plan in Paris.

Every Friday and Saturday at 9:30AM, the Atlanta Beltline hosts a free three hour tour along this beltline that highlights the circle that the town cars will transit. Currently, this Beltline tour is reserved for the next year but I was lucky enough to find a seat, due to a cancellation.

I didn't know what to expect on these tours. When I signed up I had never imagined the tour would take three hours out of my Saturday.

Metro Atlanta foreclosure rate 16th highest in nation

Metro Atlanta foreclosure rate 16th highest in nation

ATLANTA -- Metro Atlanta's foreclosure rate slowed by the middle of 2011, but remains among the metros with the highest rates.

Atlanta had 44,1560 foreclosure filings from January through June, down about 16 percent from the first half of 2010. This gave Atlanta the 16th highest rate of foreclosures, according to RealtyTrac, which publishes the largest list of foreclosures in the country.

The company defines a foreclosure as default notices, scheduled auctions and bank repossessions. 

Real Estate has a Long Road to Recovery

 

The next years of real estate are not going to be positive for homeowners. In fact, it’s estimated that in 2012 over 60% of all home sales will be foreclosures or short sales. This means that the banks will control the pricing of more than half the real estate market and we can expect continued declining values. This idea may not sit well with many after the mortgage meltdown and moral hazard issues we had over the past five years.

Further, we at Sellect Realty believe that it will be another five to seven years before we see home values near their previous peaks and then we expect a plateau for several years to follow before growth. Currently our market is still declining. Despite month-over-month gains we have had another drastic decline in home values over the past 12 months. According to the recent statistics released by Realtor.com the average listing price decreased by 11.42% from June 2010 to $250,933.