In our last article, we stated that we thought the housing market slump would continue through year end and start to stabilize in early 2008. Unfortunately, there has not been any news that changes our belief. Some of the recent statistics indicate that we may still be too optimistic. The Commerce Department reported on August 16…
Bank Owned . . . sound familiar? In today’s world of commercial real estate, most of us are now all too familiar with such terms as “REO” (Real Estate Owned) or “OREO” (Other Real Estate Owned) or “CREO” (Commercial Real Estate Owned). It is far more normal in the current market to see bank owned…
If you live anywhere in the South, you know the end of July is the start of the real heat. Without a pool or beach, it can feel like you are stuck indoors to stay cool. Luckily, if you live in or near Macon, there are many ways to get you and the family out…
The Forgotten Coast, located in the Panhandle of Florida, stretches from Alligator Point (south of Tallahassee) westward to Mexico Beach. The name was coined in the early nineties when a Florida tourism group “forgot” to include information about this area on their map. This prompted a local group to create their own brochure and map…
As usual, Warner Robins continues to grow with new projects announced in the second quarter of 2007. A 232-unit apartment project is under construction on Leverette Road west of Hatcher Road. The Oasis Shopping Center on S. Houston Lake Road is nearing completion. Circuit City has begun construction at 2951 Watson between Hobby Lobby and…
As you all know, the commercial real estate business has experienced tough times. Financing to purchase a commercial investment has been very difficult or nonexistent. Recently, we interviewed several Middle Georgia banks offering commercial financing. The rules of the game have not really changed, they have just been enforced. You may remember what you did…
Are you an accidental landlord? If you have inherited a home from a relative or you moved out of your home into a different home and you want to rent it out rather than selling it, you are probably this type of landlord. We know it can seem like a big hassle to rent out…
Halloween is that time of year when you can really let your imagination run wild. Whether you want to give the neighborhood kids a fun scare or simply set a festive mood for friends and family, decorating your home can be as simple or as elaborate as you’d like. A few thoughtful touches go a…
I’m sure a lot of people would like to know what a Subprime Mortgage is and what exactly happened last Summer that resulted in the Subprime Mortgage meltdown. I think it is important to understand what events occurred that got us in this Credit crisis and how it has spilled over into commercial real estate. It…
A recent study showed that consumers spend over 1.2 Million hours each month looking online for apartments. Just as in any other industry, the technology is the way of the future in Apartment Leasing. More and more consumers that are coming through our doors already know exactly what the community has to offer. It is…
