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Understand a credit score to buyour credit score is a little three-digit number that has a big impact. It can determine whether or not you are able to purchase a the house of luxury apartment of your dreams, or car or get a credit card or even a job. It not only determines your eligibility for major purchases, but also sets the favorability of your lending terms. The better your score, the lower interest rates you may receive on things like auto loans or home mortgages.

Scores typically range from 300 to 850, and the higher your score, the better. Your scores come from the credit reporting agencies, and there are three major ones (Equifax, Transunion and Experian). They receive information from your lenders and compile that information into your

credit report. Your score is a numerical representation of that information and lets lenders know how much of a risk an individual may be when it comes to lending; i.e., what is the chance that you will pay your bills. You can see what it is in your credit report for free — everyone is entitled to one free credit report from each of the three major credit agencies each year, so you can check your credit report three times per year. When you do, you can also view your credit score for an additional small fee. Read More→

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Atlanta multifamily housingDuring a press conference at the 2013 National Association of Home Builders (NAHB)

International Builders’ Show (IBS), panelists maintained the position that the multifamily housing sector has helped lead the recovery of the overall housing market and they confirmed that it will continue to do so over the course of the next few years. The sector, which has recovered substantially since 2010, is now almost 70 percent of the way back to a sustainable level.

“Last year was a banner year for the multifamily market, and our baseline forecast calls for further steady growth in the rate of multifamily production,” said NAHB Chief Economist David Crowe. “We are forecasting construction of 299,000 new multifamily residences in 2013. While this is an improvement from just a few years ago, it is still well below the 350,000 units that are required to keep supply and demand in balance.”

While many are predicting a continued increase in multifamily production, developers see several barriers to a full recovery. “A lack of capital is restraining the ability of developers in many markets across the country from being able to build apartment communities for residents of all income levels,” said Michael Costa, president and CEO of Highridge Costa Housing Partner LLC in Gardena, Calif. “Additionally, we are being faced with increases in the cost of building materials and construction labor, which makes it infeasible to build in certain circumstances.”

However, there is still room for optimism. “The market continues to improve as new household formations generate demand, especially in the market-rate rental segment,” said Lance Swank, president of The Sterling Group in Mishawaka, Ind. “There is also a change in attitude toward renting–people like the flexibility it gives and the option to be able to easily move to another city or state for a job opportunity.”

For more information on NAHB, visit www.NAHB.org.

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Multifamily Production Index improvingThe latest Multifamily Production Index (MPI) from the

National Association of Home Builders showed improvement for the eight consecutive quarter with an index level of 54. This is the highest score since the second quarter of 2005.

The MPI measures builder and developer sentiment about current conditions in the condominium and apartment market on a scale of 0 to 100. This quarter’s score of 54 is a three point gain from the score of 51 in the first quarter of 2012.

The MPI provides a comprehensive measure of three key elements of the multifamily housing market: market-rate rental units, for sale units and construction of low-rent units. According to the scale, any number above 50 indicates that more respondents report conditions as improving than as declining. Market rate rental units had a score of 63 with for sale units at 41 and low-rent units at an all-time high of 61.

The Multifamily Vacancy Index (MVI), which measure the multifamily housing industry’s perceptions of vacancies, increased five points in the second quarter to a 36. Lower MVI numbers indicate fewer vacancies.

Historically, the MPI and MVI have been good indicators of U.S. Census figures for multifamily starts and vacancy rates providing information on likely movement in those figures one to three quarters in advance.

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Jun
26

Rent Luxuriously, Live Simply

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Luxury Atlanta Apartment Herb GardenLooking for ways to make luxury Atlanta apartment living more eco-friendly? Consider a few helpful tips for going green in an apartment setting from the blog of one of Atlanta’s premiere luxury apartment buildings,

Kingsboro.

  • Use it or lose it: Unplug electronics that aren’t in use. Even when they’re in “sleep” mode they are still eating a lot more energy and money than you think. Similarly, turn off all of the lights when you leave a room.
  • Make energy efficient: Need to replace an old appliance? Look for energy-efficient models.
  • Switch it up: Start using compact fluorescent light bulbs (CFL) instead of incandescent bulbs. CFL uses less wattage by making light instead of converting light into heat.
  • Get growing: Visit local farmer’s markets to pick up fresh produce or plant your own herb garden on your windowsill.
  • Wishy washy: Washing your laundry on the cold setting can conserve about 80 percent of the energy used in a hot setting.
  • Cut it short: Conserve water by taking shorter showers and turning the water off while you’re brushing your teeth.
  • Reuse, reduce: Lessen your carbon footprint by printing on recycled paper, filling reusable water bottles and using cloth napkins. All of these simple switches create less waste!

Are you already living green in your

luxury Atlanta apartment? We’d love to hear how you’re lifestyle is making a positive eco-friendly impact! For more on green new homes Atlanta, be sure to check out Atlanta Real Estate Forum.

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Jun
14

Atlanta is an Amazing Deal For Renters

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Attention renters: are you looking for the hottest location with the best rent deals? According to

Yahoo! Homes, Atlanta is one of ten cities with amazing homes for rent.

For Atlanta residents, the average price for rent is $816, and Atlanta rent prices are currently down 4.4 percent. This is a great deal for southern renters!

Atlanta is becoming famous for its excellent deals in the housing industry in addition to its existing fame for great local attractions. y, but it also is a hub for attractions for the whole family.

Ride the two dollar bus ride and rail system (MARTA) to visit the shops in Buckhead or Centennial Olympic Park! If you’re a history buff, be sure to visit the apartment where Margaret Mitchell wrote “Gone With The Wind” or the Martin Luther King, Jr. historic district. You can also tour new exhibits like the Pop Culture Gallery at the

World of Coca-Cola or explore marine life at the

Georgia Aquarium.

And, don’t forget to take a hike and enjoy summer activities at

Stone Mountain Park. Here you can enjoy the Stone Mountain carving, laser show, campground and other outdoor activities. There are also opportunities to visit the geyser towers, go on hiking adventures and ride on the Summit Skyride, a high-speed Swiss cable car that transports you to the top of Stone Mountain.

For other deals on Atlanta

luxury apartments, check out our website. For more on the Atlanta real estate market and area attractions, visit Atlanta Real Estate Forum.

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free photoThere will be a new addition to the city skyline soon enough. Daniel Corp. and Selig Enterprises Inc. are planning Midtown’s first high-rise multifamily project in nearly ten years.

The development, called “77 12th Street,” is to be a 22-story apartment tower located at 12th Street and Crescent Avenue. This tower is being designed by local Atlanta architects Rule Joy Trammell + Rubio LLC.

Upon completion, the new tower of high rise homes will be located across from Ri Ra, an Irish pub in the Midtown area.

In a recent interview with Atlanta Business Chronicle, Steve Selig, the president of Selig Entreprises, has dubbed the Midtown area the perfect place for such an apartment project due to its location in the heart of Atlanta, traffic grid, park, arts and educational opportunities.

In terms of Atlanta real estate, the midtown area has not seen development of a substantial new tower since the 2002 Metropolis project built by Wood Partners LLC and Novare Group Inc. Daniel Corp. and Selig Enterprises Inc. actually pushed this project to the top of its priority list after deciding to hold off on a project that would have created a new tower of offices in the Atlanta area. Read More→

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Come to the Atlanta Apartment Association’s July dinner meeting and meet the real life, female Jerry Maguire, Molly Fletcher. That’s right! The longtime sports agent of Braves legend John Smoltz and hundreds of other sports stars will be the keynote speaker at dinner meeting on Thursday, July 28 at the Cobb Galleria Centre.

If we didn’t already “have you at hello,” consider this:

Over her career, Fletcher has worked with hundreds of other NCAA basketball and football coaches, PGA and LPGA golfers, NBA coaches and many more Major League Baseball greats. She has also helped media personalities including Ernie Johnson, Jr., Joe Theisman, Roger Staubach and others.

Fletcher’s 2008 book, “Your Dream Job Game Plan – Five Tools for Becoming Your Own Career Agent,” is a strategic guide to build and maintain relationships necessary in the business world. Fletcher will release her second book, “The Business of The Best,” this coming fall. The book will figuratively “show you the money” as Fletcher shares her secrets to maximizing human capital after working with the giants of the athletics world. Read More→

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How do you plan on spending your Memorial Day? Whether you’re looking to kick back and relax, splash around in the pool, play or just grill out, the

Marietta apartments at Rockledge are the perfect place to celebrate.

Located on the Chattahoochee River, Rockledge residents have direct access to hop in a tube and float along for a relaxing, lazy day. Or, for a more structured day of fun, check out

Shoot the Hooch for raft, canoe, kayak and tube rentals as well as shuttle services.

If you’re not interested in going far from you home for Memorial Day, there are still plenty of things to do at Rockledge.  Hang out by the pool and catch some rays, or challenge your friends to a game of sand volleyball or tennis. When you’re ready to cook your hamburgers and hotdogs, head over to the outdoor gas grills for your cookout: Whatever you want to do to celebrate, Rockledge has you covered.

For more information about

Rockledge, visit the website or call 770-955-2513.

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There’s good news for those looking to rent a home or apartment in Atlanta! Due to many factors playing in over the past few years, Atlanta is now a haven for those looking to rent a home. In fact, 2010 saw nearly 67,000 properties available to rent in the Atlanta real estate market. In a recent Atlanta Journal-Constitution article, “

Renters Now Rule in Metro Atlanta,” the recent influx of rental homes, apartments and properties into the local real estate market and benefits for those in the market are explained.

Since 2000, Atlanta has experienced a rapid period of growth, quickly building new houses and apartments. However, when the recession hit, the market was turned upside down leaving many to pick another strategy of homeownership.

People were forced out of their homes due to a decrease in income, unemployment and foreclosure. With jobs disappearing, people looking to invest in or upgrade to a new home .. away from the market, and owners were suddenly unable to afford even their current homes. All in all, apartments and properties available for rent opened up. Read More→

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Feb
21

Romantic Films at Rockledge

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Just because Valentine’s Day has come and gone doesn’t mean that you have to stop being romantic with your special someone. To help keep the Valentine’s Day momentum going, Rockledge, the premier

Marietta apartments located on the Chattahoochee River, is offering romantic film showings throughout February in its 80-seat movie theater.

Whether you want a romantic date night or something for the whole family, Rockledge has you covered. Remaining films include Slumdog Millionaire on Feb. 24 at 7 p.m., Enchanted on Feb. 26 at noon and the Georgia Spanish Film Group’s presentation of Elsa and Fred on Feb. 28 at 7 p.m.

All tickets are complimentary. However, seating is limited. You can pick up your movie tickets at the community’s clubhouse. Read More→

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