Insuring A Vacant Home Can Be Difficult - 10/22/07 11:06 AM
A News Article Of Interest For Any Homeowner Who Has A Vacant Property! Don't Find Out The Hard Way You Are Not Covered For A Claim... At a time when houses are taking longer to sell, some people must move into a new house before their old one is sold, leaving it to sit (1 comments)
Local Regional Planning Commission On It's Way To Court! - 10/21/07 10:24 AM
The developer of the proposed Villa at Twin Oaks subdivision is suing the Rutherford County Regional Planning Commission over its veto of the project.The commission rejected the 75-lot development at its Oct. 8 meeting, even though county staff said the project met county requirements and couldn't be turned down.Developer RCK Joint (0 comments)
Feds Pressuring The Lenders To Get Involved In the Houses Market - 10/16/07 07:37 AM
In recent years, lenders have been reluctant to do "workouts": lowering the interest rate or changing other terms so that financially stressed borrowers can pay less and avert foreclosure.But with foreclosures skyrocketing and government officials, including California Gov. Arnold Schwarzenegger and President Bush, joining housing advocacy groups in pressing lenders to (1 comments)
Prices Are Up...Sales Are Slightly Down In Nashville.... - 10/16/07 07:32 AM
The Greater Nashville Association Of REALTORS announced September Home Sales Information This Week The disconnect between rising prices and falling sales indicates a gap has developed between buyers and sellers that is driving up inventories of unsold homes, said real estate agents and observers. That could prolong the correction that is working (1 comments)
Monday Stock Sell Off Triggered By Credit issues..... - 10/15/07 04:35 PM
Stocks fell Monday after Citigroup's weak profit report and record-high oil prices sparked a sell off ahead of the first big batch of quarterly earnings reports. News that Citigroup, JP Morgan and Bank of America were setting up a debt rescue fund - at the behest of the Treasury Department - also (1 comments)
Williamson County Association of REALTORS® Announces September Housing Numbers - 10/08/07 02:28 PM
October 8, 2007 (Franklin, TN)-The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of September 2007. There were 364 residential and condominium closings reported for the month of September, according to figures provided by RealTracs Solutions, the multiple listing service (2 comments)
News from the Chief Economist for the National Mortgage Bankers - 10/08/07 02:11 PM
This is some really good information to share with your clients.If you are in business in one of the states Mr. Duncan speaks about than God Bless and Hold On! Following are the bullet points that he made in defending his commentsregarding the current housing/mortgage issues:* The foreclosure problem in this country (2 comments)
New Home Sales Drop 20% Over Same Time Period Last Year - 10/07/07 09:07 PM
WASHINGTON, D.C.- Turmoil in the mortgage finance system in August led to an 8.3 percent drop in sales of new single-family homes for the month, according to figures released by the U.S. Commerce Department. The seasonally adjusted annual rate of 795,000 units was 21.2 percent below a year earlier. "As (0 comments)
Tennessee Absorbs Mortgage Industry Job Losses - 10/07/07 09:03 PM
Nationwide, about 130,000 job cuts have been announced in the financial industry this year, with 54 percent of them coming from mortgage or subprime lenders, according to a report this week by outplacement consultant Challenger, Gray & Christmas.But the fallout has not been so pronounced in Tennessee, where the finance and (1 comments)
Does Remodeling Still Add to the Value of a House? - 10/07/07 09:02 PM
Remodeling magazine's annual "Cost vs. Value Report" is to be published Nov. 1, so up-to-date information on how much bang you can get for each buck invested in rehab projects isn't public yet. Magazine editorial director Sal Alfano said the raw numbers indicate that the days of seeing returns of at (2 comments)
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