Joe Murphy Realtor

Joe Murphy Realtor Georgia homes are on my mind... Native of Knoxville, TN Resident of Chestnut Hill subdivision, Acworth GA fully licensed and full-time listing and buyer

Spring has sprung!🌷🌼🌻🌸
04/04/2019

Spring has sprung!🌷🌼🌻🌸

03/31/2019

For the Week Ending March 29, 2019

Please enjoy this quick update on what happened this week in the housing and financial markets.


"Stocks Surge to Cap Banner 1st Quarter" was the headline in this weekend's Wall Street Journal. The article opens with the following: "U.S Stocks notched their biggest quarterly gains in nearly a decade, lifted by bets that central banks would hold interest rates at low levels as global growth slows..." While much was made of the 4th quarter slowdown, the economy has been humming along at a brisk pace in 2019, which is terrific news!


Housing starts fell 8.7% in February, the most in 8 months. Construction of single-family homes dropped to more than a 1-1/2-year low.
Home prices, however, continued to rise in January. Nationally, prices rose 4.3% year-over-year, which is near the long-term average pace.
Despite lower mortgage rates, pending home sales dropped 1% in February compared with January. Further rate drops in March could bring more sales.


"There is nothing so useless as doing efficiently that which should not be done at all."
Peter Drucker



Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.

The key...
03/26/2019

The key...

03/22/2019

For the Week Ending March 22, 2019

Please enjoy this quick update on what happened this week in the housing and financial markets, courtesy of Scott Evans and the Family Mortgage Team:



The Fed did not raise policy rates at this month's FOMC meeting. Based on Fed projections, we likely won't see another Fed rate hike until 2020.

Jobless claims fell to 221,000 last week. That's a 4-week low, as the labor market tightens further following the 5-week government shutdown.
Inflation continues to hover below Fed expectations, contributing to concerns about a slowing economy. Low inflation can help keep mortgage rates low.


Home builders remain optimistic about the housing market as mortgage rates continue to fall. Lower rates can make mortgage payments more affordable.
Mortgage applications rose 1.6% over the previous week, helped by lower rates. The average loan size set a record for the 3rd week in a row, reaching $327,500.
A recent report shows that staging not only results in a quicker sale but also may increase a home's value. The most important room to stage? The living room.

Firepit Friday!
03/22/2019

Firepit Friday!

03/20/2019

From the March monthly newsbrief for GA Realtors:

Georgia Housing Market Snapshot: February
The housing market in Georgia remains healthy, with gains posted for Pending and Closed Sales, as well as Median and Average Prices. While Inventory is still low overall, we do see a gain in supply year over year. Indicators for February are as follows:

New Listings decreased 0.9 percent to 15,012.
Pending Sales were up 7.4 percent to 11,389.
Inventory levels grew 2.3 percent to 40,724 units.
Median Sales Price increased 4.3 percent to $210,000.
Days on Market was down 5.6 percent to 68 days.
Months Supply of Inventory was down 7.9 percent to 3.5 months.

03/15/2019

For the Week Ending March 15, 2019

Please enjoy this quick update on what happened this week in the housing and financial markets.



Wholesale prices barely rose in February, after falling for 3 straight months. This is a sign there is little inflation pressure in the economy, which is good for rates.
Retail sales edged up in January, but December was revised sharply lower. The increase was mainly due to discretionary spending and purchases of building materials.
Import prices rose in February by the most in 9 months. However, the trend in imported inflation remains weak, supportive of rates staying low.


New home sales declined to a 3-month low in January. The government shutdown and a battered stock market appear to have hurt sales.
Construction spending posted its biggest increase in 9 months. However, private residential projects dropped 0.3%, falling for the 6th straight month.
The latest design trends include bolder color schemes and brass finishes, particularly in the kitchen and bathroom.


"Worrying doesn't empty tomorrow of its sorrow, it empties today of its strength."
Corrie Ten Boom

Firepit Friday
03/08/2019

Firepit Friday

03/02/2019

The Markets in a Minute:

For the Week Ending March 1, 2019

Please enjoy this quick update on what happened this week in the housing and financial markets.



Economic growth in the 4th quarter was better than anticipated. Gross domestic product increased 2.6%, much higher than the 2.2% expectation.
Fed Chair Jerome Powell gave semi-annual testimony to Congress this week. He said the economy was healthy but cautioned about conflicting signals.
Jobless claims rose last week more than expected. The 225,000 claims reached a 10-month high, suggesting some slowing in the labor market.


According to Case-Shiller, annual home price gains moderated in December to a 4.7% pace. This is still near the long-term historical average of about 5.5%.
Pending home sales rebounded 4.6% in January over December. It's likely that a return to lower rates has already helped and will continue to support increases.
Housing starts fell to a 2-year low in December, as construction of both single- and multi-family housing declined. However, permits point to a coming rebound.


"If your ship doesn't come in, swim out to it."
Jonathan Winters

Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.

02/25/2019

For the Week Ending February 22, 2019

Please enjoy this quick update on what happened this week in the housing and financial markets.




The unsecured personal loan market hit an all-time high last year, reaching $138 billion. A rise in lending from fintech firms is helping to fuel the borrowing frenzy.
Minutes released from last month's FOMC meeting show the Fed is likely to hold off on policy rate increases in 2019 and may slow balance sheet reductions too.
Jobless claims fell last week, down 23,000 to 216,000. But the 4-week average rose to a 1-year high, suggesting the labor market may be slowing down slightly.


Homebuilder sentiment rose in February after falling at the end of 2018. Lower mortgage rates and continued job market strength have boosted optimism.
January's existing home sales were at their lowest level in 3+ years. Sales were down 8.5% from a year ago, continuing a loss of momentum in the market.
January's median price for all housing types was up 2.8% over a year ago, at $247,500. At January's pace, inventory will be exhausted in 3.9 months.


"Keep your face always toward the sunshine - and shadows will fall behind you."

Walt Whitman

02/15/2019

The Markets in a Minute:

Please enjoy this quick update on what happened this week in the housing and financial markets.



Producer prices fell for a 2nd straight month in January, leading to the smallest annual increase in 1-1/2 years. Low or absent inflationary pressure is good for interest rates.
Retail sales recorded their biggest drop in 9+ years in December as receipts fell across the board, suggesting a slowdown in economic activity at the end of 2018.
Jobless claims rose last week, pushing the 4-week moving average of claims to its highest level in just over a year & suggesting some moderation in job growth.


Most markets across the country are still seeing home prices inch up, although at a slower pace than in previous quarters. The national median price is $257,600.
The home theater is moving out of the basement and into the main living area. Home theaters are being replaced by comfy, cozy multifunctional media rooms.
A new report shows that only 13% of offers written by agents for their clients faced a bidding war last month—down significantly from 53% a year ago.


"Permanence, perseverance and persistence in spite of all obstacles, discouragements, and impossibilities: It is this, that in all things distinguishes the strong soul from the weak."
Thomas Carlyle

Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.

Thank you Scott Evans and the Family Mortgage Team

Firepit Friday
02/15/2019

Firepit Friday

Cool basement look
02/14/2019

Cool basement look

Plan it!
02/13/2019
Cobb Landmarks

Plan it!

"The William Root House is the oldest surviving house in downtown Marietta and, in our opinion, one of the top things to do in Marietta." 🥰🥰🥰

Nice look
02/13/2019

Nice look

Happy wet Monday! Courtesy of Scott Evans at Family Mortgage here is the weekly rundown of 'The Markets in a Minute':  F...
02/11/2019
Atlanta Mortgage Company | Purchase and Refinance Loans

Happy wet Monday! Courtesy of Scott Evans at Family Mortgage here is the weekly rundown of 'The Markets in a Minute':

For the Week Ending February 8, 2019

Please enjoy this quick update on what happened last week in the housing and financial markets.




Mortgage rates have shown more volatility from day-to-day recently. Overall, rates have hovered at recent lows.
The rate of retail sales growth is expected to slow in 2019 amid cooling economic conditions. Still, retail sales are forecast to rise between 3.8% and 4.4%.
The U.S. trade deficit dropped 11.5% in November, falling for the first time in 6 months. The decrease in imports followed 5 straight months of increases.


The recent drop in mortgage rates has helped spark greater demand for housing. Many buyers are out shopping, hoping for a quick deal before rates rise.
Data shows luxury house flipping has risen in several markets throughout the nation. However, it's still low relative to the years before 2008.
Freddie Mac says 1.6 million fewer homes are on the market than expected as more of today's seniors choose to age in place.

The Family Mortgage Team is a division of LeaderOne Financial Corporation (www.familyga.com, 678-483-3300)

The Family Mortgage Team as Leader 1 is the Atlanta Mortgage Company of choice for home purchases and refinances throughout Georgia and Florida.

Basement redo:
02/09/2019

Basement redo:

Firepit Friday! #mariettahomesales #kennesawrealestate #acworthhomesales
02/08/2019

Firepit Friday! #mariettahomesales #kennesawrealestate #acworthhomesales

This morning coffee view would be nice! (#acworthrealestate #kennesawrealestate)
02/07/2019

This morning coffee view would be nice! (#acworthrealestate #kennesawrealestate)

View of Lake Acworth this morning. Did you know that Acworth's historic Main Street is located just .7 miles from this beautiful lake?

Good news:  "The case for raising rates has weakened somewhat...We had the luxury of patience." Federal Reserve Chairman...
02/07/2019
The Rollins Financial Blog

Good news:
"The case for raising rates has weakened somewhat...We had the luxury of patience." Federal Reserve Chairman, Jerome Powell, explaining the decision to leave rates unchanged.

In addition to 'The Markets in a Minute' which is a very brief rundown of housing and financial market activity, check out Joe Rollins' new blog post. Joe is our longstanding all-time favorite accountant and very astute financial advisor:

https://blog.rollinsfinancial.com/

A financial blog from Rollins Financial, Inc. based in Atlanta, Georgia

Fire pit Saturday?!
02/02/2019

Fire pit Saturday?!

02/02/2019

The Markets in a Minute:

For the Week Ending February 1, 2019

Please enjoy this quick update on what happened this week in the housing and financial markets, courtesy of Scott Evans and the Family Mortgage Team:



Consumer confidence was down this month, likely affected by the government shutdown. Still, consumer spirits remain robust by historic standards.
The Fed left policy rates unchanged at this week's FOMC meeting. They also signaled that future rate hikes this year are less likely than previously forecast.
Trade talks with China continue this week, though there is still little indication they are willing to bend to U.S. demands. The deadline for striking a deal is March 1.


Case-Shiller says home prices are rising at a slower pace. Even still, values increased 5.2% annually in November, only down from 5.3% in October.
Pending home sales were down slightly in December. Although tight supply continues to play a role, a drop in mortgage rates is expected to help.
New home sales were up 16.9% in November, vs 2.9% expected. The median sales price of new houses sold in November 2018 was $302,400.


"Impossible is not a fact. It's an opinion."
- Muhammad Ali

The Markets in a Minute - for the week ending January 25, 2019 -- courtesy of my good friend Scott Evans and The Family ...
01/27/2019

The Markets in a Minute - for the week ending January 25, 2019 -- courtesy of my good friend Scott Evans and The Family Mortgage Team:

The government shutdown continues to impact markets, with delayed economic reports keeping investors in the dark. Mortgage rates are unaffected so far.
Plenty of global economic reports are available to cause concern for traders, though. China and Europe both show signs of slowdown.
Jobless claims fell to a 49-year low last week. However, claims for several states were estimated and may be overstating the health of the labor market.


Existing home sales fell by 6.4% in December, an unusually large drop likely caused by October's rapid rate increase. Rates have since retreated.
The supply of homes for sale rose more than 3% compared with a year ago. Low supply has been stifling sales since last spring.
Unconventional mortgages are making a comeback. Lenders issued $34 billion in non-QM loans in the first 3 quarters of 2018, a 24% increase year-over-year.


"Success is not final, failure is not fatal; it is the courage to continue that counts."

Winston Churchill

www.familyga.com 678-483-3300
The Family Mortgage Team is a division of LeaderOne Financial Corporation
Georgia Residential Mortgage License 33522

Fire pit Friday!
01/25/2019

Fire pit Friday!

For the Week Ending January 19, 2019Please enjoy this quick update on what happened this week in the housing and financi...
01/19/2019

For the Week Ending January 19, 2019

Please enjoy this quick update on what happened this week in the housing and financial markets, courtesy of Scott Evans at Family Mortgage:




The government shutdown, now the longest in U.S. history, hasn't yet slowed down the economy. It is expected to, however, the longer it continues.
Economic data has been affected though, with delays on many reports due to closed agencies. This is causing concern for investors and impacting trading.
Despite tightening labor markets and the wage pressure that can result, inflation has remained below the Fed's 2% target. This bodes well for interest rates.


Homebuilder sentiment improved in January after dropping for the last two months. Lower mortgage rates and higher sales expectations have helped.
Reports on monthly housing starts and builder permits weren't released this week due to the shutdown. Estimates indicate a 3% gain over December 2017.
A Fed study shows student loan debt plays a significant role in keeping many in the 24 to 32 age group from buying a home.


"Obstacles are those frightful things you see when you take your eyes off your goal."
Henry Ford

The Markets in a Minute, courtesy of Scott Evans at Family Mortgage #housing #mariettahomesforsale #kennesawrealestate
01/11/2019

The Markets in a Minute, courtesy of Scott Evans at Family Mortgage #housing #mariettahomesforsale #kennesawrealestate

Happy Monday! Here's a snapshot of the markets, courtesy of Scott Evans and the fine folks at Family Mortgage:
01/07/2019

Happy Monday! Here's a snapshot of the markets, courtesy of Scott Evans and the fine folks at Family Mortgage:

Today feels like a long bath...
12/29/2018

Today feels like a long bath...

Firepit Friday ❄
12/29/2018

Firepit Friday ❄

Happy Friday, we made it this far...
12/21/2018

Happy Friday, we made it this far...

12/11/2018

Happy Monday evening! And now, the Markets in a Minute...courtesy of my good friend Scott Evans and the fine folks at Family Mortgage:

For the Week Ending December 7, 2018

Please enjoy this quick update on what happened this week in the housing and financial markets.

The yield on 5-year Treasury bonds slipped below the rate on 2-year Treasuries, called an 'inversion.' Inverted yield curves could be a sign of a future recession.
Mortgage rates improved this week as stocks tumbled and bonds rallied. Concerns the economy is cooling off could help rates continue to improve.
The trade deficit widened more than forecast in October to the highest in a decade. This underscores continued fallout from the China-U.S. trade dispute.

CoreLogic reports homeowners with negative equity declined by 81,000 in the 3rd quarter. The average homeowner gained $12,400 in home equity year over year.
Luxury home builder Toll Brothers reported its first decline in quarterly orders in more than 4 years. It's thought rising interest rates and home prices were to blame.
Buyers are spending more time trying to find the perfect home, often 3 months or longer. However, most buyers say they refuse to give up and will keep looking.

In crucial things, unity. In important things, diversity. In all things, generosity.

— George H.W. Bush

Firepit Friday!
12/07/2018

Firepit Friday!

12/03/2018

Happy Monday morning. And now, the Markets in a Minute, courtesy of Scott Evans at Family Mortgage:

For the Week Ending November 30

Please enjoy this quick update on what happened this week in the housing and financial markets.

Recent comments by Fed Chair Jerome Powell have markets questioning if we'll see policy rate increases in 2019, which could be good for mortgage rates.
Consumer spending increased by the most in 7 months in October. But underlying price pressures slowed, meaning inflation is less of a concern.
The economy grew 3.5% in the 3rd quarter, lower than the 2nd quarter's 4.2% expansion. Still, corporate profits reached a 6-year high.

Despite moderation, September's annual home price gains remain strong at 5.5%, as reported by Case-Shiller.
October's pending home sales dropped 2.6% from the previous month. Sales were down 6.7% compared with October 2017, for the 10th month of annual declines.
New home sales also fell in October. However, data last week showed an increase in building activity. A larger supply of available homes could bring more sales.


"Get your facts first, then you can distort them as you please."

- Mark Twain

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Address

5072 Verbena Drive
Acworth, GA
30102

Telephone

(404) 434-2701

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