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Incredible Mortgage Rates wait for Buyers Ready to Buy! - 05/26/10 05:23 PM
Incredible Mortgage Rates wait for Buyers Ready to Buy! I recently asked one of my lenders to write me something I could quote here about the current mortgage market and rates. Wayne Stephens has been in a Loan Originator for more years than I can count. He is with F&M Mortgage which is a favorite with our local builders. He knows this business inside out! This is what he just told me about the current market: "Rates continue to be a pleasant surprise. At the end of March the Feds stopped buying up Mortgage Back Securities. Everyone thought at that time, (9 comments)
Whether you're a Nashvillian, Tennessean or just curious about the Great Flood of 2010 in Nashville Tennessee, tonight you need to tune into NBC for the evening news. Brian Williams logged off both Thursday and Friday of last week reminding viewers to tune in on the "Latest News on the Flood in Nashville Tennessee". Many of you may not know a lot about Nashville. It's a great place to live and a beautiful place to retire. Just this afternoon the Tennessee Association of Realtors sent out their newsletter (10 comments)
Using Video to Market Yourself and Your Listings - 05/21/10 02:40 PM
Using Video to Market Yourself and Your Listings I don't know if you do this or not, but I sometimes keep magazines for several years before I get to them. Realtor Magazine is one of them. They mail it to me at the office, where I never have time to read and it ultimately ends up in a pile to go home with me. From there it goes to the basket beside MY CHAIR. My chair is a special place. This is where I drink my coffee, read the newspaper - usually a day late, do my Bible study and (10 comments)
Chestnut Bend had 4 sales in the first quarter of 2009. There was only 1 in 2010. There are currently 6 properties for sale, 2 with contingencies and one Pending. The numbers look like this: 2009 4 Sales Average List Price: $472,900 Average Sales Price: $462,500 Average Days on the Market: 102 Of the 4 sales in 2009, the average size of the home was 3816 square feet. They sold at an average of $119.79/square foot. The Sale in 2010 was 3400 square feet and sold at $113.24/sqft. Down (3 comments)
Founders Pointe always has numbers unlike other neighborhoods in Middle Tennessee. It's a popular neighborhood and the homes sell well year after year. In 2008 when I did a market report there were absolutely no expired or withdrawn for the entire year. That means that everyone who put their home on the market sold it! That's remarkable! Sales haven't changed much either from 2009 to 2010 for the first quarter. Prices are just down 2%.
The number of homes currently under contract leads us to believe that (2 comments)
Chestnut Springs has been consistent if nothing else. One closing first quarter in both 2009 and 2010. It's hard to say that prices are up or down unless it's the same house or floor plan. What we do see is that 4 of the 8 active listings have contract contingencies on them. Chestnut Springs was built by Pulte starting in 2002. It was such a popular concept at the time that they had a lottery to see who could write the first contract. 50 homesites were chosen the (8 comments)
Copperfield has one of the greatest locations here in Nashville. It has a Brentwood mailing address but is actually located in south Davidson County in what we call the Nippers Corner area. With the front and back entrances one can head in any direction, depending on the time of day and traffic issues, with great ease. Copperfield had no sales the first quarter of 2009. 2010 started off with a bang with 3 properties already closed and another pending. There were only 6 sales in all of 2009 so (4 comments)
Chenoweth, like many middle Tennessee neighborhoods started 2009 slowly with only one closing in the first quarter. They picked up during the spring, which is still the peak selling time and ended up closing a total of 6 units, the remaining 5 in the months of May, June and July. 2010 is already looking much better. Now, before you look at the numbers too much, know that the one closing in 2009 in the first quarter was a short sale. It was originally listed at $562,900. With a final (2 comments)
This morning I finally ventured over to Bellevue to check on a vacant listing. There had been talk that condos in River Plantation had flooded. I was not prepared for what I saw. There was street after street with trucks lining them. The yards were full of debris pulled from the condominiums. Everything west of Sawyer Brown Road had been under water. When I turned onto the road I knew disaster was waiting for me.
Every unit on this street got 4 to 5 feet of river water.These properties (11 comments)
Real Estate in the Middle Tennessee area started off slow in 2009. With that knowledge, it's not surprising that Raintree Forest had no closings the first quarter of 2009. The 9 closing that they did have all took place after May.
With over 500 properties, Raintree probably has one of the smallest turnovers of most Brentwood neighborhoods. People love the established trees, walking trails and amenities that it offers.
There are currently 17 active listings on the market. 4 of them have contingencies, leaving 13 available. (2 comments)
Nashville TN Under Water - Mayor Karl Dean asks for help! - 05/04/10 05:10 PM
Nashville TN Under Water - Mayor Karl Dean asks for help! I don't usually like to copy and paste information but this is so important that any place it can be seen will be helpful. Many of you know that Nashville received over 13 inches of rain between Friday night and Sunday evening. The news was full of cars floating away, and houses being submerged on TV Saturday and Sunday evenings. The Cumberland River had not yet overflowed. Patten Fuqua wrote a blog "We are here" because he felt that the National media was ignoring the issue. Now, downtown is flooded (2 comments)
Villages of Brentwood is a prime example of a neighborhood that benefited from the First Time Homebuyers Tax Credit. Sales were up 450% for the first quarter of 2010. With 2 more homes Pending and 4 of the 21 active with contingencies, the second quarter should have similar results. The Nashville TN Real Estate Market was up 11% during the same time frame with prices down just over 3%. Unfortunately, the sales were up in the Villages but prices were down closer to 11%. Some of that (0 comments)
Nashville TN Real Estate - Holt Woods First Quarter 2010 Sales Report - 05/04/10 11:37 AM
Nashville TN Real Estate - Holt Woods First Quarter 2010 Sales Report Holt Woods is off to a rather slow start in 2010. As of April 1st, no properties have closed. There are currently 2 pending and 9 properties for sale. By this time last year, 2 properties had already closed. Nashville TN Real Estate has continued to show an increase in sales, month after month, starting last fall. If rate remain low, we may see the market slowly turn around. The first time homebuyers tax credit has expired for any sales that were not already under contract on April 30th. (0 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.