Alpharetta, GA – An incredible sales success story is being written at Victoria Square in sought-after downtown Alpharetta, GA. Peachtree Residential, one of Atlanta’s Top 15 homebuilders is selling three-story all brick brownstone-style townhomes priced from the Mid $300’s and . . . they’re selling fast. Building Seven with six homes has already been pre-sold and new residents will be closing in December. Building 10 with eight homes has already pre-sold one leaving only seven. Building 10 will be ready for delivery in spring 2014 so hurry in and select your home to personalize. Why wait, the time to buy is NOW.
The location and lifestyle is perfect. Alpharetta is Georgia’s fastest growing city and the sixth fastest in the country according to the U.S. Census Bureau figures just released. Homeowners are just blocks from shopping, dining, entertainment, Wills Park and coming late summer 2014, a 25-acre Alpharetta City Center which will include a city hall building, municipal parking deck, Town Square, and a five acre park. This will enhance downtown Alpharetta as a vibrant, pedestrian-friendly area that benefits residents and visitors alike. This area is also known for its top rated schools with include Alpharetta Elementary, Northwestern Middle and Cambridge High. Victoria Square is located just 1.6 miles off GA 400.
Peachtree Residential, an Atlanta luxury homebuilder, really wows with lavish design and detail at Victoria Square. Covered entrances and individualized home facades create an inviting streetscape. Each home has four bedrooms and three and a half baths, finished terrace level, approx 2950 square feet with hardwood flooring on the main level, ten foot ceilings on the main and a myriad of trim throughout. Each gourmet kitchen showcases custom cabinetry, tile backsplashes, designer islands, granite countertops and stainless steel appliances.
To visit Victoria Square, take GA 400 to Exit 10 (Old Milton Pkwy.). Travel west 1.6 miles. Cross Hwy.9/Main Street. Turn right on Roswell Street. Go 1/2 block and make a left on Marietta Street. Victoria Square is on the right.
Community hours are by appointment only. For more information or to schedule a tour of the homes, contact Sandy Wasovich at 770-855-0130 or visit their Website at www.peachtreeresidential.com. Follow them on Twitter@peachtreeresidential, search Peachtree Residential on Facebook and search Peachtree Residential on YouTube.
Since 1988, Peachtree Residential’s Innovative designs, quality craftsmanship, and superior service have resulted in thousands of satisfied homeowners, making Peachtree Residential one of the most successful Certified Professional Home Builders in Atlanta. Peachtree Residential . . . the builder who listens.
Peachtree Residential Properties, one of Atlanta’s premier homebuilders celebrates its 23rd year of building homes. Although Peachtree Residential Properties continues to change and grow, one thing that remains constant is our commitment to quality. Every home is required to meet our “Foundation to Rooftop” Gold Standard of Approval. Excellence is something that will never change at Peachtree Residential. We offer design flexibility and “Peachtree Tailoring,” enabling every home to be personalized to the family that will live in it. Our top priority is complete customer satisfaction and a home that is unsurpassed in quality. Almost 100 percent of Peachtree Residential home owners would recommend Peachtree Residential to a friend or family member and buy another Peachtree Residential home.
Visit peachtreeresidential.com to begin viewing your next new home and find out why Peachtree Residential is an exceptional builder that is top notch compared to others! Peachtree Residential is building new homes in phenomenal locations that include Alpharetta, Cumming, Roswell, Johns Creek, and Milton to name a few.
Model Home & Office Furniture Sale
by Atlanta Area Builder Peachtree Residential Properties
Friday and Saturday August 20 and 21st: 9AM – 1PM
At New Home Community in Liberty Town Square in Cumming
For those Atlanta new home buyers who prefer to work with us through the entire building process, we’re extremely excited to be able to help dramatically reduce the costs of the designer options they choose, enabling them to truly tailor their homes to their individual lifestyles.
With only a few days left to receive half-price on up to $100,000 in designer options for pre-sale purchases, our Atlanta new home buyers have a limited time to truly personalize their homes to a level they might not have been able to consider otherwise.
One of the most exciting things about building and /or buying a new home is decorating the interior. And our Professional Design Services provide you with all sorts of inspiring choices – from carpet and tile to countertops, appliances and more. And these selections come with professional assistance, too.
Every new homeowner receives personal consultations with Peachtree’s expert interior designers at Builders Design Services. Here, you receive focused, individual assistance in selecting flooring, cabinetry, fixtures, appliances, paint colors, countertops and countless other dream home features.
Call us today or fill out our online contact form to learn more about this limited time offer!
The average 30-year fixed mortgage rate dips to 5.19%, according to a report from Bankrate.com, the lowest rate since 1956.
By Catherine Clifford, CNNMoney.com staff writer Last Updated: March 26, 2009: 2:38 PM ET
NEW YORK (CNNMoney.com) — Home mortgage rates dropped to a 52-year low this week, according to a report released Thursday, in the wake of the government’s announcement that it will buy more than $1 trillion in debt.
The average 30-year fixed mortgage rate fell to 5.19% this week, down from 5.29% in the week prior, according to Bankrate.com’s weekly national survey.
The previous low was 5.28%, hit this January and in June 2003; the last time rates dipped lower than 5.19% was in 1956, according to Bankrate.com.
To put the plunge in mortgage rates into perspective, 30-year fixed home mortgage rates averaged 6.77% in late October. At that time, a $200,000 home loan would have meant a monthly payment of $1,299.86. Now, with the mortgage rates down at 5.19%, the monthly payment for the same loan would be $1,096.99. That works out to a savings of more than $200 per month.
Meanwhile, the average 15-year fixed mortgage rate fell to 4.80% from 4.86% in the the prior week. The 15-year fixed mortgage rate carried an average of 0.49 points.
The government announced last week that it would be buying more than $1 trillion in debt in order to increase liquidity and improve credit conditions. With the key lending rate already at a range of 0% to 0.25%, the Federal Open Market Committee – the policymaking committee of the Fed that sets interest rates – turned to less traditional means to encourage lending.
The Federal Reserve said that it would buy an additional $750 billion in mortgage-backed securities and $300 billion of long-term Treasurys. The so called “quantitative easing” policy essentially increases the money supply and is designed to push interest rates down, making borrowing cheaper.
Not much further to drop: Analysts say that while mortgage rates could edge a smidgen lower, they won’t make any more dramatic plunges,
“At this point, what we are going to see is mortgage rates fluctuate at these levels,” said Brian Bethune, chief financial analyst at IHS Global Insight. “I don’t see them dropping significantly from where they are now.”
Mortgage rates move in relation to the yield on the 10-year government bond. While there is not a direct correlation, they do move in the same direction. Bethune said that there are two factors that will prevent Treasury yields, and by extension mortgage rates, from dropping much further.
“One is the huge Treasury borrowing requirements,” he said. As the government looks to fund its massive stimulus spending programs, it has had to issue a record amount of debt. The increased supply keeps a lid on the price of bonds and stabilizes yields.
“In addition, as we get closer to perceptions of a trough in the economy, the yields will tend to see upward pressure,” said Bethune. Uncle Sam’s debt is considered one of the safest places for investors to keep their cash.
During times of market uncertainty, demand surges, the prices increase, and yields fall. But as market sentiment begins to believe the economy could be headed for recovery, demand for Treasuries will lessen, lifting yields.
Surge in refinance: The dramatic drop in mortgage rates has motivated home owners to refinance in great numbers, but the drop in mortgage rates has not spurred as large an increase in new home purchases, said Mike Larson, real estate analyst at Weiss Research.
“We are still not seeing a huge impact on home buying,” he said. “All else being equal, it will help the market,” said Larson. “But it is not the huge impact you are seeing on the refinance side.”
Bankrate.com compiles national averages every Wednesday by surveying the top 10 banks and thrifts in the top 10 housing markets. For historical data, Bankrate.com cites the National Bureau of Economic Research.