Posted on: January 10th, 2014
2013 will be remembered by many in Atlanta’s residential real estate market as a tipping point. 2012 showed early signs of recovery, but going into 2013 we did not know whether this trend would continue. Closings where still anemic until the end of February and then, Kaboom! Two thirds of our annual volume closed between March and the end of September. The result was 2013 sales increased by 20% to 30% over 2012. 2013 was the second best year in … Read more
This is the headline from a great Wall Street Journal article today by Nick Timiraos. Click here to read.
When the trend bucks seasonality – that might be a sign of a strong recovery.
Some of the criticism of the recent residential recovery is that it is temporary and artificial because of low money cost and monetary policy. We think if this were completely true, we would not see it in more expensive markets. In our markets, where … Read more
We are big fans of Berkshire Hathaway and its founder Warren Buffett. As a matter of fact, we think Berkshire Hathaway is one of the most underpriced stocks out there – which at $119,000+ per share is saying something about its “intrinsic value.” Luckily for mortals, the class B share is about $80 per share. What does Mr. Buffett say about housing? Below is a quote from his Annual Letter to Shareholders. Here it is:
“Housing will come back … Read more
The new HeeryBrothers.com was launched today. Our idea going into this was to have a web site that:
We look forward to your feedback.… Read more