There are 8 blog entries for November 2010.
Monday, November 22nd, 2010 at 3:33pm. 741 Views, 1 Comments.
Rates for 30-year fixed mortgages rose to 4.39 percent this past week from 4.17 percent a week earlier, and average interest on 15-year loans moved to 3.76 percent from 3.57 percent, said Freddie Mac.
Interest for five-year adjustable-rate mortgages jumped to 3.4 percent from 3.25 percent, meanwhile, and one-year ARMs held at 3.26 percent.
Rates have climbed along with long-term Treasury yields as traders unloaded Treasurys purchased before the Federal Reserve announced a $600 billion bond purchase program.
[SOURCES: Freddie Mac; Information, Inc.]
In other words.....now is the time to seriously look at buying before the rates start to go up and impact the amount that yon can finance. It will effectively bring down the maximum price of…
Tuesday, November 16th, 2010 at 5:39pm. 825 Views, 0 Comments.
November 16, 2010--A new survey conducted by Relocation.com finds that 75 percent of Americans believe the most important factor in determining a neighborhood's safety is the up-keep of surrounding homes, especially the conditions of the front lawns, which trumps even Googling neighborhood statistics to get a feel for a community.
This is taken from the story by Relocation.com and in reality just reinforces what we all know. That if a neighborhood is well maintained and the homes are all seen to well kept and attractive then it will attract buyers. Buyers do want to get good deals but they also want to live in an environment that they will be happy with. It is clear that some subdivisions may represent better value on paper, but the higher number of…
Monday, November 15th, 2010 at 11:55am. 811 Views, 0 Comments.
If you are in a position where you are wanting to move because of all the usual reasons for considering a move such as marriage, a new member to the family, job relocation, divorce, a promotion with more money, downsizing, wanting to be in a cool area or closer to family etc then there is no time like the present to move! But what kind of home will you be looking for?
The common concensus is that the market is a buyers market right now which means that buyers are getting the message that it's a great time to be buying a home. The mortgage rates are very low, but slowly creeping upwards, and the properties for sale are at a great price. The more that this message is played through the media the more it will create a demand for buyers to get off the fence…
Sunday, November 14th, 2010 at 12:54pm. 497 Views, 0 Comments.
As sure as the sun rises, almost every time a Realtor® introduces
themselves in a social situation these days, it is followed by this
"How is the market?"
I've heard a lot of different answers to this question, yet no matter how any given Realtor® might choose to answer that (which is another conversation all together) it seems that most people feel that it is in fact a BUYERS MARKET. But what exactly does that mean? Many people think that there are deals abound everywhere you look, or some similar terminology to the effect.
Most people have heard something in the news about slumping real estate sales, about how there is an excess of inventory on the market, and how homes and condominium units can be purchased for pennies on the
Friday, November 12th, 2010 at 12:59pm. 622 Views, 0 Comments.
Consumer confidence and business spending
are key to whether the U.S. housing market will move into a virtuous or
a vicious cycle in 2011, NAR Chief Economist Lawrence Yun told a packed
audience at the Residential Economic Outlook Forum Friday in New
After the downturn, the housing market has clawed its way back to a point of near stability, Yun said, with the pace of new foreclosures easing, sales moving toward historically normal levels and prices on a national basis gaining modestly.
At the same time, affordability remains strong. He said all of the price excesses from the housing bubble have been squeezed out. In San Diego, for example, buyers today would pay $1,564 a month in mortgage payments for a house that at the height of
Friday, November 12th, 2010 at 11:57am. 615 Views, 0 Comments.
October looks like it was a reasonable month for home closings in Nashville TN. There were 447 homes that closed in October 2010. This doesn't include any condo sales. This is down from the 671 homes that closed in Nashville last year in October 2009. Condo sales for Nashville were 102 closings compared to 218 in October 2009.
Nashville Real Estate Statistics
The cheapest home that sold was listed for $9,900 and actually sold for $5,000 after just 27 days on the market. The home was sold as is and will likely be renovated and resold. The most expensive sold was $1,750,000. It was originally listed at $1,995,000 and sold after 182 days on the market.
The average price of a home sold in Nashville was $204,261 with an average days on the market of 90…
Wednesday, November 10th, 2010 at 3:38pm. 467 Views, 0 Comments.
November 9, 2010 (Franklin, TN) - The Williamson County Association of REALTORS® (WCAR) announced today the
statistics for residential home sales in Williamson County, TN for the month of October 2010. The figures show a slow but steady improvement in the real estate market in Williamson county from the sellers point of view. The bottom of the market may have already passsed and with the talk of lower interest rates buyers really should not miss out on a great opportunity to buy a home.
The WCAR noted that there were 237 residential and condominium closings reported during this period according to figures provided by
RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle Tennessee region.
The number of single-family residential…
Tuesday, November 2nd, 2010 at 9:59am. 531 Views, 0 Comments.
NASHVILLE, Tenn. (AP) — Site Selection magazine has chosen Tennessee as the nation's second best state for it's business climate.
The publication's November issue lists North Carolina as the No. 1 state. Tennessee has moved up 3 places as it was ats No. 5 a year ago.
The ratings are based on performance in business expansion and relocation, plus a nationwide survey of corporate real estate executives.
Gov. Phil Bredesen said in a news release that the state has made "incredible progress in making Tennessee the kind of state where business knows it will be treated fairly."
Commissioner Matt Kisber of the Tennessee Department of Economic and Community Development said the state has shown that