Archive for the ‘News’ Category

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!

We’re pleased to announce the Grand Opening of the newest phase of the the Hampshires—The Reserve at Hampshires. The Alpharetta GA new homes at The Reserve are priced from the low $500.

With the opening of The Reserve, The Hampshires is now one of the only (if any) Northwest Fulton County new home communities priced under $600,000! Don’t miss this opportunity to live in one of the most exclusive areas of North Atlanta.

With 29 one-acre-plus home sites, The Reserve offers magnificent Alpharetta GA new homes from 3,100 – 4,300 square feet, each with the award-winning quality and authentic craftsmanship for which Peachtree Residential is known.

The Hampshires Community Quick Facts:

• Swim/Tennis Community
• Located within the City of Milton
• Great Northwest Fulton schools
• Rolling landscape with picturesque wooded homesites

Hurry in today to receive your choice of these spacious home sites!

To experience the meticulous craftsmanship, custom designs and thoughtful touches in Peachtree Residential Atlanta new homes visit our website at www.peachtreeresidential.com.

Hurry!  Offer Ends August 2nd!

As Peachtree Residential Properties continues to celebrate its 21^st year as Atlanta’s new home “Builder Who Listens,” we are offering up to $100,000 in designer options at half price for all pre-sale purchases.

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.

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. 

With half-price on up to $100,000 in designer options for pre-sale purchases, we are enabling our Atlanta new home buyers to truly personalize their homes to a level they might not have been able to consider otherwise.

As an added incentive, buyers can also take advantage of $3,000 in closing costs when they finance through Peachtree Residential Mortgage.

To experience the meticulous craftsmanship, custom designs and thoughtful touches in Peachtree Residential Atlanta new homes visit us online at www.peachtreeresidential.com.

Families living in our Atlanta area communities have yet another reason to be proud of their Peachtree Residential home. Teens in nine of our Atlanta new home communities attend the nation’s top public high schools. This month Newsweek published “The Complete List of the 1,500 top U.S. high schools.” The public schools were ranked according to number of Advanced Placement and/or Cambridge test taken by the students at the school in 2008 and divided by the number of graduating seniors.

See below for the complete list of top high schools in our Atlanta area communities:

Fulton County New Home Residents

Milton High (Rank 315) – The Hampshires, Victoria Square

Northview High (Rank 319) – Tavistock

Centennial High (Rank 385) – Windfaire

Roswell High (Rank 466) – Moss Pointe

Gwinnett County New Home Residents

Norcross High (Rank 325) – Tillman Hall

Forsyth County New Home Residents

South Forsyth High (Rank 336) – Liberty, Provence, Windermere

For exact rankings or to view the complete list read the full Newsweek article here: http://www.newsweek.com/id/201160/?s=georgia&q=2009/rank/1

If you have questions or for more information about our Atlanta area communities visit us online at https://www.peachtreeresidential.com/.

In addition to celebrating our 21^st anniversary as a luxury Atlanta new homes builder, we’ve recently ranked 152^nd on the Professional Builder 2009 Housing Giants report. The company moved up nine notches in the annual listing, which honors the largest builders in the United States based on closings and revenue.

Our strong ranking demonstrates our stability, which is a vital attribute for homebuyers to consider when purchasing an Atlanta new home. We remain successful because of our willingness to tailor homes to our buyers’ personal styles and our ability to provide quality, well-designed homes in highly sought-after locations. 

It obviously has been a rough year for the housing market, so to move up in one of the most important industry rankings is a huge accomplishment.  We convey Peachtree’s strength and stability to our prospective Atlanta new home purchasers every day. But to see the proof in black and white in the Housing Giants report really provides them with that extra sense of security. It confirms that purchasing in our Atlanta area communities is a smart buying decision because we are a builder who will be here for many years to come.

To develop the 2009 Housing Giant ranking, Professional Builder identified the nation’s largest builders based on the number of housing units closed in 2008. Those builders were then sorted according to revenues.

To experience the meticulous craftsmanship, custom designs and thoughtful touches in Peachtree Residential Atlanta new homes visit us online at www.peachtreeresidential.com.

When purchasing an Atlanta new home, every homeowner wants to know that they made the right choice. For the Atlanta new home buyers that choose Peachtree Residential Mortgage, they did!

Peachtree Residential Mortgage is now offering even more peace of mind to their customers through the DreamKeeper^® program, which provides up to $2,000 per month in mortgage payment relief protection for up to 8 months in the event of involuntary job loss or disability.

DreamKeeper^® is a mortgage payment relief program that is a simple and easy step to take to protect homebuyers from unexpected involuntary job loss or disability. No one plans to lose their job; but thousands face that prospect every day in our country, through no fault of their own.

DreamKeeper^® pays the borrower as much as $2000 per month (the actual maximum amount for monthly payment is determined by the Principle, Interest, Taxes and Insurance (P.I.T.I.)) in the event of involuntary job loss or disability.

Homebuyers need protection in the face of unexpected threats that impact a borrower’s ability to pay their mortgage. The program allows homeowners to receive relief on their payments, all the while maintaining credit ratings and keep their homes.

How it Works:

• Protects against the #1 cause of missed mortgage payments and foreclosures—Unexpected involuntary loss of employment.
• Protects against the #2 cause of missed mortgage payments and foreclosures—Job loss from a disability.
• Pays your mortgage payment for up to 8 months.
• Payments include principal, interest, taxes and insurance, up to $2000 per month for up to 4 consecutive months.
• No vesting period. Coverage begins day one; waiting period is just 30 days.
• Joint coverage is also available.
• Tailored to meet individual needs.

Visit your Peachtree Residential community of choice today for more information! For a complete community listing visit www.peachtreeres.com/communities.php

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.

ATLANTA – This year, Peachtree Residential Properties marks its 21st anniversary of building metro Atlanta new homes. Known as “The Builder Who Listens,” Peachtree Residential is celebrating the milestone with special incentives at its Atlanta area communities.

“Twenty one years ago, I founded Peachtree Residential with a commitment to build authentic, high quality Atlanta new homes with meticulous craftsmanship, custom designs and thoughtful touches. Today, Peachtree is thriving — with highly skilled experts who are committed to the company, combined with an available offering of exceptional townhomes, move-up homes and luxury residences in some of the most popular metro Atlanta area communities,” said David J. Borreson, President and Chief Executive Officer.  “At Peachtree Residential it has always been our mission to provide complete customer satisfaction and homes that are unsurpassed in quality. I take great pride in celebrating 21 years of success, and share this with the entire team at Peachtree Residential.”

Peachtree Residential builds only in premier Atlanta area communities, and currently has dozens of creative yet timeless home designs to choose from. Each home is tailored to suit individual customer needs, ensuring that every home is ideally suited to the family that will live in it. The company prides itself on offering design flexibility without custom pricing. Innovative designs, quality craftsmanship, and superior service have resulted in thousands of satisfied homeowners, making Peachtree Residential one of the most successful builders in Atlanta new homes.

Peachtree Residential Properties was founded in 1988. A Certified Professional Home Builder, Peachtree Residential ensures that every Atlanta new home meets the “Foundation to Rooftop” Gold Standard of Approval.  Excellence is something that will never change at Peachtree Residential.  For more information, visit www.peachtreeresidential.com or call 770-622-2522.