Housing Industry Needs Congress' Help

The housing contraction of the last couple of years is weaving its way through the entire economy, wreaking havoc on the credit markets and causing job losses. Nearly one in six jobs is connected with the housing industry in the metro Atlanta area

The message coming from the housing industry at this point is urgent, yet simple. Congress must move now to enact a temporary home buyer tax credit. This will pay huge dividends, with three immediate results: a stimulation of home buying activity, a drop of excess supply in housing markets and a halt to the erosion of housing prices and mortgage credit quality.

Few can argue that the home building industry is a critical component of the economy, both in metro Atlanta and the nation as a whole. In fact, housing represents 15.2% of the U.S. gross national product. As housing goes, so goes the economy, and this statement has never been more accurate.

FHA May Aid Those UPSIDE DOWN on Loans

Read article - http://www.realestatejournal.com/buysell/mortgages/20080331-paletta.html

Jackson County - 10th Fasting Growing County in U.S.

Jackson County grew by almost 4000 people in 2007 making it the 10th fasting growing county in the nation, according to the U.S. Census Bureau.

Don't Forget PMI Mortgage Insurance Is Deductible

As April 15 tax day approaches, here is a reminder for home buyers with PMI mortgage insurance. Home owners with adjusted gross incomes of $100,000 or less can deduct the full cost of their government or private mortgage insurance premiums on their 2007 federal returns. Families with incomes between $100,000 and $109,000 are eligible for a reduced deduction. This is a new tax break that Congress has approved through 2010. On average, this year's tax break could be worth $350 per taxpayer — an annual deduction that qualified home owners can take each year through 2010. Be sure to ask your tax consultant about this deduction.

West Jackson Overlay Districts

Jackson County commissioner Bruce Yates is proposing a overlay district for Ga. Hwy 53 and Ga. Hwy 124. A public meeting on the proposed overlay district will be held on Tuesday April 15, at 7 pm at the Hoschton Depot.

Hi, I'm new at blogging and I have to admit that I entered this very hesitantly. My goal is to create a place where we can exchange ideas and knowledge about what's happening not only in the real estate world but what's happening in North Georgia. Did you know that the FHA loan limits have increased for Jackson, Hall, Banks, Franklin, Stephens, Hart and Elbert Counties to $271,050.00 that's over $70,000.00 increase over previous limits.