Paul's Blog

Williamson County Tennessee November 2009 Home Sales Figures

Paul Moye, Broker, ABR, GRI, CSP, SRES (Keller Williams Realty Franklin ) — Wed, 09 Dec 2009 07:58:58 -0600

The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of November 2009. There were 238 residential and condominium closings reported for the month of November, according to figures provided by RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle-Tennessee area.

Compared to November of 2008, the single family residential closings increased by 62 percent and the median price decreased by 12 percent. Condominiums closings have increased by 87 percent and the median price increased by 27 percent. The average days on the market (DOM) for residential homes have increased by 2 days and condominiums have increased by 38 days. The median is a typical market price where half of the homes sold for more and half sold for less.

November 2009

Closings	Median Price	Average Price	DOM
Residential	210	$ 319,950	$ 377,859	91
Condominium	28	$ 235,000	$ 233,301	89

November 2008

Closings	Median Price	Average Price	DOM
Residential	130	$ 364,891	$ 451,967	89
Condominium	15	$ 185,500	$ 184,630	51

November 2007

	Closings	Median Price	Average Price	DOM
Residential	247	$ 365,000	$ 427,205	69
Condominium	31	$ 219,990	$ 227,241	40

November 2006

	Closings	Median Price	Average Price	DOM
Residential	308	$ 401,700	$ 466,644	55
Condominium	24	$ 189,890	$ 219,234	23

November 2005

	Closings	Median Price	Average Price	DOM
Residential	398	$ 296,072	$ 370,150	50
Condominium	52	$ 152,920	$ 167,229	27

Jobs Are The Solution To The Economic Crisis Not More Of Our Tax Dollars

Paul Moye, Broker, ABR, GRI, CSP, SRES (Keller Williams Realty Franklin ) — Mon, 23 Nov 2009 08:41:28 -0600

I know times are tough and good people have lost their jobs and are struggling to keep their homes during this recession however Congressman Frank needs to be cut off from Uncle Sam's wallet before the minority becomes the majority. Even FDR knew that a person earning a wage was a more productive and a better citizen than someone who just took a hand out. Jobs are the solution Mr. Frank not our tax money....This is not a democratic bash or a republican rant but a realistic call to wake up and start solving our nation's problems and not trying to spend our way out with short term patches.

http://www.dsnews.com/articles/congressman-calls-for-tarp-money-to-go-unemployed-homeowners-2009-11-20

Williamson County Tennessee October 2009 Home Sales Figures

Paul Moye, Broker, ABR, GRI, CSP, SRES (Keller Williams Realty Franklin ) — Wed, 11 Nov 2009 08:13:09 -0600

October 2009 Housing Information

November 9, 2009 (Franklin, TN)-The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of October 2009. There were 239 residential and condominium closings reported for the month of October according to figures provided by RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle-Tennessee area.

Compared to October of 2008, the single family residential closings increased 10 percent and the median price decreased by 17 percent. Condominiums closings have increased by 39 percent and the median price decreased by 23 percent. The average days on the market (DOM) for residential homes have increased by 11 days. The median is a typical market price where half of the homes sold for more and half sold for less.

October 2009

Closings	Median Price	Average Price	DOM
Residential	214	$ 300,000	$ 385,665	91
Condominium	25	$ 180,000	$ 201,165	111

October 2008

Closings	Median Price	Average Price	DOM
Residential	195	$ 362,350	$ 440,270	80
Condominium	18	$ 232,250	$ 228,173	98

October 2007

	Closings	Median Price	Average Price	DOM
Residential	256	$ 385,225	$ 451,472	58
Condominium	33	$ 197,655	$ 231,030	53

October 2006

	Closings	Median Price	Average Price	DOM
Residential	427	$ 375,000	$ 455,567	51
Condominium	58	$ 185,500	$ 205,317	40

October 2005

	Closings	Median Price	Average Price	DOM
Residential	412	$ 285,000	$ 363,267	53
Condominium	36	$ 139,845	$ 163,679	47

Another Wave Of Foreclosures On The Horizon

Paul Moye, Broker, ABR, GRI, CSP, SRES (Keller Williams Realty Franklin ) — Wed, 11 Nov 2009 08:09:30 -0600

The government imposed moratorium may have helped in the short term to lower REO inventory and allow 20% of eligible homeowners to modify their mortgages but the 600 pound gorilla is still in the room. As the moratorium comes to an end an unemployment still hovering around 10.5% there will be a second tsunami of foreclosures during the first and second quarters in 2010.

The news reports show increased delinquent mortgages are occurring all over the US and there is still a large number of homes that were foreclosed on that are still not listed for sale aka Ghosts or Shadow Inventory. There are several reasons for these assets to not be listed for sale but eventually those houses will either enter the real estate market and could further depress resale values.

Below is an article from today's DS News to further illustrate the problem.

Even as home prices are beginning to show signs of stabilizing and the industry is ramping up efforts to keep troubled borrowers in their homes, the latest market study from Jacksonville, Florida's Lender Processing Services (LPS) shows that mortgage delinquencies and foreclosures remain alarmingly elevated.

The company's October Mortgage Monitor report also cites large "shadow" foreclosure and REO inventories. Thenumber of loans deteriorating further into delinquent status is now more than twice the number of foreclosure starts, indicating another major wave of troubled loans in an already clogged loan pipeline, LPS said.

Nearly one-third of foreclosures remain in pre-sale status after 12 months - twice as many as the year prior, LPS said in its study, further adding to the threat of a shadow eclipse. In addition, the six-month average deterioration ratio on troubled mortgages has risen the past two months to 300 percent, showing that for every loan that improves in status, three more deteriorate further, LPS explained.

LPS' October Mortgage Monitor reveals record high rates for non-current loans. The company reported that total U.S. delinquency rate stood at 9.37 percent at the end of September, while the nation's September foreclosure rate hit 3.12 percent - a month-over-month increase of 2.6 percent and a year-over-year increase of 88.9 percent.

Among individual states, it comes as no surprise that Florida posted the most troubling results, with 10.4 percent of loans in foreclosure and more than 12 percent more delinquent.

Other states reporting high levels of non-current loans - which includes both foreclosures and delinquencies as a percentage of active loans in the state - were Mississippi, Georgia, and Michigan, as well as the usual high-foreclosure states of Nevada, Arizona, and California.

The one positive reported by LPS was an upswing in loan production volume over the previous year. Year-to-date 2009 loans totaled 2,032,973, LPS said, versus 1,903,723 for the same period in 2008.

September 2009 Williamson County Tennessee Home Sales Figures

Paul Moye, Broker, ABR, GRI, CSP, SRES (Keller Williams Realty Franklin ) — Thu, 08 Oct 2009 20:52:38 -0500

The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of September 2009. There were 220 residential and condominium closings reported for the month of September, according to figures provided by RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle-Tennessee area.

Compared to September of 2008, the single family residential closings decreased 10 percent and the median price decreased by 5 percent. Condominiums closings have decreased by 8 percent and the median price decreased by 8 percent. The average days on the market (DOM) for residential homes have increased by 12 days and condominiums have increased by 5 days. Days on the market have been consistent since the onset of 2009, with the days ranging from 89 - 104 days.

September 2009

	Closings	Median Price	Average Price	DOM
Residential	197	$ 330,000	$ 401,708	100
Condominium	23	$ 205,260	$ 218,085	73

September 2008

	Closings	Median Price	Average Price	DOM
Residential	218	$ 348,502	$ 387,960	88
Condominium	25	$ 222,175	$ 238,447	78

September 2007

	Closings	Median Price	Average Price	DOM
Residential	307	$ 373,000	$ 452,549	68
Condominium	57	$ 199,882	$ 214,482	49

September 2006

	Closings	Median Price	Average Price	DOM
Residential	441	$ 379,275	$ 437,876	44
Condominium	81	$ 183,000	$ 214,088	42

September 2005

	Closings	Median Price	Average Price	DOM
Residential	431	$ 281,110	$ 356,630	55
Condominium	49	$ 142,000	$ 170,895	3

Franklin TN Named A Great Place To Live In America !!

Paul Moye, Broker, ABR, GRI, CSP, SRES (Keller Williams Realty Franklin ) — Thu, 08 Oct 2009 20:40:35 -0500

Award-winning and emulated, downtown Franklin balances its rich historic character with a revitalized and prosperous mixed-use commercial district. Rapid change and development prompted by Interstate 65 construction in the 1960s threatened to destroy the neighborhood and town's heritage. Citizens responded by forming the Heritage Foundation of Franklin and Williamson County. The entire 16-block neighborhood was eventually placed on the National Register of Historic Places, and creation of the Downtown Franklin Association helped revitalize the neighborhood's commercial area.

http://www.planning.org/greatplaces/neighborhoods/2009/index.htm#DF

Mixing Politics & Real Estate..Is that A Good Long Term Business Plan?

Paul Moye, Broker, ABR, GRI, CSP, SRES (Keller Williams Realty Franklin ) — Sun, 13 Sep 2009 07:29:53 -0500

Over the past several months I have been lurking in the background of Active Rain reading the BLOG posts and that arrive in my e-mail each day. Many of these posts are excellent well written articles about the industry or the state of a local market or trends where that agent, inspector or mortgage lender has specific knowledge. Unfortunately many other posts have a political overtones or viewpoints and are more editorial on healthcare reform, tax deficits or other political positions and are not about our industry. While Active Rain is our venue to be the Real Estate, Mortgage Lender or Home Inspector Pundits in our own market I feel it is unwise for any of us to use this portal as a vehicle to express our own political or social view points towards one another or to the public.

Remember the nature of this beast we call Active Rain is to promote your industry professionalism not your political viewpoints so be careful out there...you may be doing more damage to your business than you realize.

I am not saying you do not have a right to express your beliefs or opinions I am stating that I do not believe this is the right venue for that expression. Remember once it is out there it is out there forever.....

August 2009 Williamson County Tennessee Sales Figures

Paul Moye, Broker, ABR, GRI, CSP, SRES (Keller Williams Realty Franklin ) — Sun, 13 Sep 2009 07:11:52 -0500

September 8, 2009 (Franklin, TN)-The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of August. There were 236 residential and condominium closings reported for the month, according to figures provided by RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle-Tennessee area.

Compared to August of 2008, the residential home closings decreased 25 percent and the median prices for residential homes sold decreased by 25 percent. Days on the market (DOM) for residential homes remained the same as compared to August 2008. Condominium closings decreased by 25 percent (7 units). The median prices for condominiums decreased by 2 percent and days on the market also increased by 27 days compared to August 2008.

August 2009

	Closings	Median Price	Average Price	DOM
Residential	215	$ 290,000	$ 352,072	89
Condominium	21	$ 187,500	$ 192,079	114

August 2008

	Closings	Median Price	Average Price	DOM
Residential	286	$ 385,000	$ 439,129	89
Condominium	28	$ 192,000	$ 199,805	87

August 2007

	Closings	Median Price	Average Price	DOM
Residential	423	$ 367,500	$ 444,824	65
Condominium	39	$ 194,980	$ 210,912	65

August 2006

	Closings	Median Price	Average Price	DOM
Residential	479	$ 370,000	$ 440,742	46
Condominium	33	$ 183,000	$ 201,757	46

August 2005

	Closings	Median Price	Average Price	DOM
Residential	493	$ 301,000	$ 372,921	58
Condominium	50	$ 152,000	$ 163,256	28

July 2009 Williamson County Tennessee Sales Figures

Paul Moye, Broker, ABR, GRI, CSP, SRES (Keller Williams Realty Franklin ) — Sat, 08 Aug 2009 07:05:23 -0500

July 2009 Housing Sales

Williamson County Association of REALTORS® Announces July 2009 Housing Numbers

August 7, 2009 (Franklin, TN)-The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of July. There were 303 residential and condominium closings reported for the month, according to figures provided by RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle-Tennessee area.

Compared to July of 2008, the residential home closings decreased 8 percent and the median price for residential homes decreased by 9 percent. Days on the market (DOM) for residential homes increased by 18 as compared to July 2008. Condominium closings decreased by 50 percent. The median prices for condominiums increased by 15 percent and days on the market increased by 63 days compared to July 2008.

July 2009

	Closings	Median Price	Average Price	DOM
Residential	289	$ 330,000	$ 409,599	95
Condominium	14	$ 242,000	$ 234,750	149

July 2008

	Closings	Median Price	Average Price	DOM
Residential	315	$ 363,500	$ 429,120	77
Condominium	27	$ 211,044	$ 227,407	86

July 2007

	Closings	Median Price	Average Price	DOM
Residential	437	$ 384,900	$ 449,994	66
Condominium	35	$ 215,000	$ 229,134	76

July 2006

	Closings	Median Price	Average Price	DOM
Residential	518	$ 373,353	$ 419,341	46
Condominium	36	$ 185,000	$ 215,615	50

Williamson County Tennessee June 2009 Home Sales Figures

Paul Moye, Broker, ABR, GRI, CSP, SRES (Keller Williams Realty Franklin ) — Wed, 08 Jul 2009 14:17:04 -0500

Williamson County Association of REALTORS® Announces June 2008 Housing Numbers

July 7, 2009 (Franklin, TN)-The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of June 2009. There were 285 residential and condominium closings reported for the month, according to figures provided by RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle-Tennessee area.

Compared to June of 2008, the residential home closings decreased 11 percent and the median price for residential homes increased by less than one percent. Days on the market (DOM) for residential homes increased by 12 as compared to June 2008. Condominium closings decreased by 30 percent. The median prices for condominiums decreased by 16 percent and days on the market also increased by 75 days compared to June 2008.

June 2009

	Closings	Median Price	Average Price	DOM
Residential	266	$ 368,500	$ 429,373	93
Condominium	19	$ 176,000	$ 203,705	134

June 2008

	Closings	Median Price	Average Price	DOM
Residential	300	$ 367,520	$ 436,842	81
Condominium	27	$ 210,213	$ 218,816	59

June 2007

	Closings	Median Price	Average Price	DOM
Residential	447	$ 380,000	$ 459,373	67
Condominium	59	$ 207,900	$ 232,256	51

June 2006

	Closings	Median Price	Average Price	DOM
Residential	545	$ 355,500	$ 435,670	48
Condominium	51	$ 218,990	$ 222,588	38

June 2005

	Closings	Median Price	Average Price	DOM
Residential	541	$ 317,000	$ 367,786	54
Condominium	45	$ 158,900	$ 153,825	31

Williamson County Tennessee May 2009 Sales Figures

Paul Moye, Broker, ABR, GRI, CSP, SRES (Keller Williams Realty Franklin ) — Fri, 26 Jun 2009 07:46:25 -0500

WCAR Announces May 2009 Housing Numbers

June 8, 2009 (Franklin, TN)-The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of May. There were 219 residential and condominium closings reported for the month, according to figures provided by RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle-Tennessee area.

Compared to May of 2008, the residential home closings decreased 37 percent and the median price for residential homes decreased by 14.6 percent. Days on the market (DOM) for residential homes increased by 19 days as compared to May 2008. Condominium closings decreased by 36 percent. The median prices for condominiums decreased by 1 percent and days on the market also increased by 11 days compared to May 2008.
May 2009

	Closings	Median Price	Average Price
Residential	203	$ 315,900	$ 365,306	104
Condominium	16	$ 193,750	$ 201,450	97

May 2008

	Closings	Median Price	Average Price	DOM
Residential	321	$ 370,000	$ 440,864	85
Condominium	25	$ 196,000	$ 209,772	86

May 2007

	Closings	Median Price	Average Price	DOM
Residential	434	$ 371,338	$ 481,385	61
Condominium	60	$ 244,490	$ 241,554	69

May 2006

	Closings	Median Price	Average Price	DOM
Residential	462	$ 335,000	$ 417,075	49
Condominium	68	$ 147,900	$ 186,172	45

Proof That Loan Modifications Are Not The Answer

Paul Moye, Broker, ABR, GRI, CSP, SRES (Keller Williams Realty Franklin ) — Fri, 29 May 2009 15:13:14 -0500

I have helped numerous homeowners with loan modifications in an attempt to avoid foreclosure. The majority of these homeowners however continue to repeat bad habits and bad decision making processes after the mortgage has been modified to meet a very strict budget that the new payment is based upon

Here is some proof

"Redefaults" Continue...

Fitch Ratings is slated to release a report this week showing that 65 percent to 75 percent of modified subprime loans will still fall behind by 60 days or more within one year of the loan change. Although some experts believe that reducing the principal amount owed is the best way to keep distressed borrowers in their homes, Fitch found that 30 percent to 40 percent of loans that had lowered principal amounts were still redefaulting after 12 months. Borrowers are redefaulting at a high rate because home prices continue to fall, unemployment is rising, and because of public pressure to help homeowners - even those who are still likely to default even after receiving assistance.

[SOURCES: Wall Street Journal; Information, Inc.]

We grew too fast...too long and ran out of qualified buyers in 3003. Flooding the market with buyers who were given NINJA Loans (No Income No Job or Assets) the market was falsely over heated and those types of borrowers never paid their bills on time when they were renters or if they are now owners....

The market will return and the value of home ownership is still the best way for an average family to build wealth

1531 Lipscomb Drive

Paul Moye, Broker, ABR, GRI, CSP, SRES (Keller Williams Realty Franklin ) — Fri, 29 May 2009 06:24:38 -0500

Lipscomb Drive

$849,900

1531 Lipscomb Drive, Brentwood TN

Features:

5 bedrooms, 4.5 baths
Spectacular floor plan with the master suite on the main level.
Theatre Room / Man Cave ready for a movie or the big game
www.1531LipscombDrive.com

Remarks:
GREAT LOCATION & AN AWESOME HOUSE ON A 1+ ACRE SITE CLOSE TO COOL SPRINGS. THIS HOME OFFERS ALL THE AMMENITIES YOU EXPECT IN A CUSTOM BUILT HOME INCLUDING GRANITE COUNTERTOPS THROUGHOUT, EXTENSIVE HARDWOOD FLOORS AND MILLWORK ALL ADD TO THE BEAUTY OF THIS HOME

Paul Moye

615.336.0382

paul@middletnrealty.com

View My Website

View My Other Listings

Keller Williams Realty

9175 Carothers pkwy
Franklin, TN 37067

615.778.1818

©2007Properties Online, LLC, Patent No. US 6,760,707. The above information including square footage is based on data received from the seller and/or from public sources. This information is deemed reliable but has not been independently verified and cannot be guaranteed. Prospective buyers are advised to verify information to their own satisfaction prior to purchase.

April 2009 Housing Sales Info

Paul Moye, Broker, ABR, GRI, CSP, SRES (Keller Williams Realty Franklin ) — Sun, 10 May 2009 08:58:08 -0500

WCAR Announces April 2009 Housing Numbers

(Franklin, TN)-The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of April. There were 192 residential and condominium closings reported for the month, according to figures provided by RealTracs® Solutions, the multiple listing service used by REALTORS® in the Middle-Tennessee area. Compared to April of 2008, the residential home closings decreased 23 percent and the median prices for residential homes increased by 10 percent. Days on the market (DOM) for residential homes increased by 25 days as compared to April 2008. Condominium closings decreased by 29 percent. The median prices for condominiums decreased by 4 percent and days on the market decreased by 12 days compared to April 2008. April 2009

Closings	Median Price	Average Price	DOM
Residential	177	$ 380,000	$ 466,520	99
Condominium	15	$ 160,000	$ 185,052	51

April 2008

	Closings	Median Price	Average Price	DOM
Residential	229	$ 345,000	$ 418,653	74
Condominium	21	$ 166,300	$ 190,443	63

April 2007

	Closings	Median Price	Average Price	DOM
Residential	308	$ 391,200	$ 462,038	65
Condominium	36	$ 224,995	$ 227,367	80

April 2006

	Closings	Median Price	Average Price	DOM
Residential	378	$ 322,000	$ 398,088	48
Condominium	50	$ 140,900	$ 175,642	38

March 2009 Home Sales Info

Paul Moye, Broker, ABR, GRI, CSP, SRES (Keller Williams Realty Franklin ) — Sun, 10 May 2009 08:56:41 -0500

Williamson County Association of REALTORS® Announces March 2009 Housing Numbers

The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of March. There were 169 residential and condominium closings reported for the month, according to figures provided by RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle-Tennessee area.

Compared to March of 2008, the residential home closings decreased 37 percent and the median prices for residential homes decreased by 4.7 percent. Days on the market (DOM) for residential homes increased by 8 days compared to March 2008. Condominium closings decreased by 43 percent. The median prices for condominiums decreased by 9 percent and days on the market also increased by 76 days compared to March 2008. March 2009

Closings	Median Price	Average Price	DOM
Residential	152	$ 357,500	$ 421,664	91
Condominium	17	$ 190,000	$ 196,483	134

March 2008

	Closings	Median Price	Average Price	DOM
Residential	243	$ 375,000	$ 439,809	83
Condominium	30	$ 209,404	$ 212,124	58

March 2007

	Closings	Median Price	Average Price	DOM
Residential	340	$ 380,000	$ 456,587	67
Condominium	53	$ 181,990	$ 203,859	41

March 2006

	Closings	Median Price	Average Price	DOM
Residential	401	$ 327,402	$ 402,950	51
Condominium	51	$ 137,000	$ 163,395	33

February 2009 Home Sales

Paul Moye, Broker, ABR, GRI, CSP, SRES (Keller Williams Realty Franklin ) — Sun, 10 May 2009 08:55:09 -0500

The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of February 2009. There were 154 residential and condominium closings reported for the month of February, according to figures provided by RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle-Tennessee area.

Compared to February of 2008, the single family residential closings decreased 14 percent and the median price remained the same. Compared to 2006, the median home prices have increased by 27 percent. The average days on market (DOM) for residential homes and condominiums has increased by 16 days. The median is a typical market price where half of the homes sold for more and half sold for less.

February 2009

	Closings	Median Price	Average Price
Residential	141	$ 385,000	$ 444,094	93
Condominium	13	$ 180,000	$ 179,727	44

February 2008

	Closings	Median Price	Average Price	DOM
Residential	163	$ 387,000	$ 439,578	77
Condominium	27	$ 215,000	$ 232,452	60

February 2007

	Closings	Median Price	Average Price	DOM
Residential	260	$ 371,118	$ 432,966	63
Condominium	36	$ 180,652	$ 220,079	61

February 2006

	Closings	Median Price	Average Price	DOM
Residential	296	$ 304,900	$ 390,915	53
Condominium	29	$ 157,500	$ 174,386	22

January 2009 Williamson County Home Sales Statistics

Paul Moye, Broker, ABR, GRI, CSP, SRES (Keller Williams Realty Franklin ) — Wed, 18 Feb 2009 18:08:22 -0600

January 2009 Home Sales

February 9, 2009 (Franklin, TN)-The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of January 2009. There were 114 residential and condominium closings reported for the month of January, according to figures provided by RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle-Tennessee area.
Compared to January of 2008, the single family residential closings decreased 26 percent and the median price decreased by 8 percent. Compared to 2006, the median home prices have increased by 24 percent. The average days on the market (DOM) for residential homes has increased by 8 days. The median is a typical market price where half of the homes sold for more and half sold for less.

Williamson County Tennessee December 2008 Sales Figures

Paul Moye, Broker, ABR, GRI, CSP, SRES (Keller Williams Realty Franklin ) — Sun, 25 Jan 2009 07:08:49 -0600

December 2008 Home Sales

January 7, 2009 (Franklin, TN)-The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of December 2008. There were 171 residential and condominium closings reported for the month of December, according to figures provided by RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle-Tennessee area.

Compared to December of 2007, the single family residential closings decreased 41 percent and the median price decreased by 12 percent. Condominiums closings have decreased by 72 percent and the median price increased by 5 percent. An average of 24 condos have closed per month in 2008; compared to an average of 44 units per month in 2007. Closings have been consistent through 2008, as shown in the chart below.

The average days on the market (DOM) for residential homes have increased by 14 days. Days on the market have been consistent since the onset of 2008, with the days ranging from 74 - 89 days. Median prices have remained consistent since January 2007, ranging from $340,000 to $391,200. The median is a typical market price where half of the homes sold for more and half sold for less.

December 2008

	Closings	Median Price	Average Price	DOM
Residential	155	$ 340,000	$ 411,406	88
Condominium	16	$ 209,500	$ 206,448	94

December 2007

	Closings	Median Price	Average Price	DOM
Residential	247	$ 385,757	$ 471,523	74
Condominium	58	$ 198,732	$ 217,309	51

December 2006

	Closings	Median Price	Average Price	DOM
Residential	356	$ 394,900	$ 456,445	53
Condominium	57	$ 190,000	$ 213,643	49

December 2005

	Closings	Median Price	Average Price	DOM
Residential	450	$ 320,704	$ 414,290	50
Condominium	46	$ 144,950	$ 180,452	31

Hoping For A More Prosperous 2009 !!!

Williamson County Tennessee November 2008 Home Sales Figures

Paul Moye, Broker, ABR, GRI, CSP, SRES (Keller Williams Realty Franklin ) — Sun, 14 Dec 2008 21:38:59 -0600

December 8, 2008 (Franklin, TN)-The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of November 2008. There were 145 residential and condominium closings reported for the month of November, according to figures provided by RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle-Tennessee area.

Compared to November of 2007, the single family residential closings decreased 47 percent and the median price remained the same. Condominiums closings have increased by 52 percent and the median price decreased by 16 percent. The average days on the market (DOM) for residential homes have increased by 20 days and condominiums have increased by 11 days. Days on the market have been consistent since the onset of 2008, with the days ranging from 74-89 days. Median prices have remained consistent since January 2008, ranging from $345,000 to $395,000. The median is a typical market price where half of the homes sold for more and half sold for less.

November 2008

	Closings	Median Price	Average Price	DOM
Residential	130	$ 364,891	$ 451,967	89
Condominium	15	$ 185,500	$ 184,630	51

November 2007

	Closings	Median Price	Average Price	DOM
Residential	247	$ 365,000	$ 427,205	69
Condominium	31	$ 219,990	$ 227,241	40

November 2006

	Closings	Median Price	Average Price	DOM
Residential	308	$ 401,700	$ 466,644	55
Condominium	24	$ 189,890	$ 219,234	23

November 2005

	Closings	Median Price	Average Price	DOM
Residential	398	$ 296,072	$ 370,150	50
Condominium	52	$ 152,920	$ 167,229	27

Williamson County Tennessee September Sales Figures

Paul Moye, Broker, ABR, GRI, CSP, SRES (Keller Williams Realty Franklin ) — Wed, 08 Oct 2008 08:25:46 -0500

September 2008 Home Sales

October 7, 2008 (Franklin, TN)-The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of September 2008. There were 243 residential and condominium closings reported for the month of September, according to figures provided by RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle-Tennessee area.

Compared to September of 2007, the single family residential closings decreased 29 percent and the median price decreased by 6.5 percent. Condominiums closings have decreased by 56 percent and the median price increased by 11 percent. The average days on the market (DOM) for residential homes have increased by 20 days and condominiums have increased by 29 days. Days on the market have been consistent since the onset of 2008, with the days ranging from 74 - 89 days. Median prices have remained consistent since January 2008, ranging from $345,000 to $395,000. The median is a typical market price where half of the homes sold for more and half sold for less.

September 2008

	Closings	Median Price	Average Price	DOM
Residential	218	$ 348,502	$ 387,960	88
Condominium	25	$ 222,175	$ 238,447	78

September 2007

	Closings	Median Price	Average Price	DOM
Residential	307	$ 373,000	$ 452,549	68
Condominium	57	$ 199,882	$ 214,482	49

September 2006

	Closings	Median Price	Average Price	DOM
Residential	441	$ 379,275	$ 437,876	44
Condominium	81	$ 183,000	$ 214,088	42

September 2005

	Closings	Median Price	Average Price	DOM
Residential	431	$ 281,110	$ 356,630	55
Condominium	49	$ 142,000	$ 170,895	31

Our local economy has not been impacted as greatly as the majority of the country however Williamson County was also behind the market's decline by as much as 6 months leading many to expect the lowest point in sales and home values to be over the coming quarter. The silver lining is, this is a great time to buy a home in a great area.

July 2008 Sales Figures for Williamson County Tennessee

Paul Moye, Broker, ABR, GRI, CSP, SRES (Keller Williams Realty Franklin ) — Mon, 11 Aug 2008 09:10:31 -0500

The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of July. There were 342 residential and condominium closings reported for the month, according to figures provided by RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle-Tennessee area.

Compared to July of 2007, the residential home closings decreased 28 percent and the median price for residential homes decreased by 6 percent. Days on the market (DOM) for residential homes increased by 11 as compared to July 2007. Condominium closings decreased by 23 percent. The median prices for condominiums decreased by 2 percent and days on the market increased by 10 days compared to July 2007.

The Housing Stimulus Package will help our market by allowing many home owners to refinance and avoid foreclosure and assist in maintaining home resale values in neighborhoods across Williamson County.

The largest contributor to lower median sales price is the decrease in sales of homes in Williamson County over $1,000,000 when compared to 2006 & 2005. The decrease in the number of homes sold over $1,000,000 is significantly less that the past 3 years not only for July 2008 but for all of 2

July 2008

	Closings	Median Price	Average Price	DOM
Residential	315	$ 363,500	$ 429,120	77
Condominium	27	$ 211,044	$ 227,407	86

July 2007

	Closings	Median Price	Average Price	DOM
Residential	437	$ 384,900	$ 449,994	66
Condominium	35	$ 215,000	$ 229,134	76

July 2006

	Closings	Median Price	Average Price	DOM
Residential	518	$ 373,353	$ 419,341	46
Condominium	36	$ 185,000	$ 215,615	50

July 2005

	Closings	Median Price	Average Price	DOM
Residential	541	$ 317,000	$ 367,786	54
Condominium	45	$ 158,900	$ 153,825	31

Are You Relevant?? !!

Paul Moye, Broker, ABR, GRI, CSP, SRES (Keller Williams Realty Franklin ) — Sat, 26 Jul 2008 18:15:53 -0500

Many of us who have been BLOGGING on AR for some time know have asked the others who are new to the world of BLOGGING on AR this question;

Are You Relevant?

One of the greatest things about Active Rain is the ability to put your thoughts and knowledge out there for the world to while learning more about your skill sets and abilities as a real estate, mortgage or title company professional

Last week during a class someone noted that my BLOGGING had put me atop our local site and had helped me with my Google ranking immensely. I noted to them that I posted relevant information about what I do in the world of real estate and I select the audiences to be the one that would be interested in this information.

Quickly I showed the class 3 Active Rain BLOGGERS who ranked high in Google but when you linked back to their BLOGS they were nothing about real estate, their market or their ability. If you want to social network recipes or good times at the beach there are sites for this information....If you feel that this will help you professionally then you are only fooling yourself. NO person looking for a professional real estate agent in this market is going to look at your web site or abilities based on a cookie recipe or a fun time at the opera. Again this is what pooped up on their site when you search their name in Google !!! All good people but all of their ability and professionalism went for naught when a consumer clicks on their name in Google for their city as a " Professional REALTOR" who must actually be an Opera critic or cookie wiz!

Keep You BLOG Relevant !!!

Post It To Sites In AR Where The Audience Want To Read The Info...

Have a great week............

Paul Moye, Broker

Keller Williams Realty

Franklin, TN

www.middletnrealty.com

Keller Williams Buyer's Agents Rank #1 In JD Power Survey

Paul Moye, Broker, ABR, GRI, CSP, SRES (Keller Williams Realty Franklin ) — Fri, 25 Jul 2008 21:24:17 -0500

J.D. Power and Associates Reports: Among Home Buyers, Keller Williams Ranks Highest In Customer Satisfaction Among National Real Estate Companies! Despite Popularity of Online Home Buying and Selling Tools,Real Estate Agents are Key to Customer Satisfaction!!!

The inaugural study measures customer satisfaction of home buyers and sellers with the largest national real estate firms. Overall satisfaction is determined by examining three factors for the home-buying experience: agent (65%); office (21%); and services (13%). Four factors are examined for the home-selling experience: agent (43%); marketing (38%); office (12%); and services (7%). In the home-buyer segment, Keller Williams achieves a score of 831 on a 1,000-point scale, and receives highest ratings from customers in all three factors.

The study finds that despite the popularity of home-buying and -selling resources on the Internet, real estate agents are key to customer satisfaction with real estate companies. A large proportion of both home buyers and sellers rely on the Internet to facilitate the buying or selling process, with 68 percent of buyers saying that they used Internet tools to help them in the purchase process and 61 percent of sellers reporting that they used a Web site listing to market their home. In addition, among home sellers, online methods are the most important aspect of marketing. However, the agent factor carries the greatest importance among the factors that comprise overall satisfaction among both home buyers and sellers. "Although the Internet provides home buyers and sellers with the ability to perform some essential tasks -- such as listing a home for sale or researching a neighborhood in which to purchase a home -- it still does not replace the importance of a good real estate agent," said Howland. "Particularly in an uncertain real estate market, professional advice from agents can be especially valuable to buyers and sellers.

The knowledge and expertise provided by experienced agents is an important benefit of using a full-service real estate company." The study also finds that the average time a home for sale remained on the market was slightly more than six months, although home sellers represented by the top-ranking real estate companies report that their homes were on the market for slightly less time -- approximately five and a half months, on average. "Satisfaction averages 794 among those customers whose homes sold within 5 months or less, but declines considerably to an average of 730 among customers whose homes took 7 months or longer to sell," said Howland. "A real estate company that provides agents who are skilled at determining the appropriate market value and listing price for homes, and who can effectively market properties, can help minimize the time that clients' homes remain on the market -- which can not only save the seller money, but also diminish inconvenience and anxiety." Additional noteworthy study findings include the following: --

Nearly one-half of respondents (46%) report using recommendations from family or friends to find their real estate agent. Approximately 28 percent used the Internet, while 23 percent used an agent they had used previously and 11 percent used a printed real estate guide. -- On average, home buyers were shown approximately 13 homes before making a purchase. -- Home sellers report that, on average, their home was shown approximately 11 times and approximately five open houses were conducted before the sale occurred. The 2008 Home Buyer/Seller Study includes 3,670 evaluations from 3,205 respondents who bought or sold a home between April 2007 and June 2008.

Housing Reform Bill Set To Be Finalized; President Bush Will Not Veto The Legislation

Paul Moye, Broker, ABR, GRI, CSP, SRES (Keller Williams Realty Franklin ) — Wed, 23 Jul 2008 14:55:16 -0500

The House of Representatives has passed the nearly 700 page Housing Reform Bill and the US Senate is expected to vote on it by Wednesday. President Bush has dropped his threat to veto the reform package thereby clearing the way for the legislation to be finalized.

Here is a quick synopsis

Increase the Federal Housing Administration's role. The FHA could insure up to $300 billion in new 30-year fixed rate mortgages for at-risk borrowers in owner-occupied homes if their lenders agree to write down their loan balances to 90% of the current appraised value of their homes. Lenders would also agree to pay upfront fees to the FHA equal to 3% of a home's appraised value. Borrowers must agree to pay an annual premium to the FHA equal to 1.5% of their new loan balance and they must also agree to share with the government any profit they realize from selling or refinancing their home. The cost of the new FHA program - which would begin on Oct. 1 and be in place for just a few years - would be funded by fees from Fannie and Freddie

Create a stronger regulator for the GSEs: The new regulator will have a greater say over how well funded the agencies are - a major concern in the markets that has sent stocks in both companies plunging.

Permanently increase "conforming loan" limits: The bill would permanently increase the cap on the size of mortgages guaranteed by Fannie and Freddie to a maximum of $625,000 from $417,000.

Increase FHA maximum loan limits for high-cost areas to $625,000.
Higher loan limits will make it easier for borrowers to get mortgages, because they're more likely to be traded if they are considered conforming.

Create home buyer credit: The bill includes a tax refund for first-time home buyers worth up to 10% of a home's purchase price but no more than $7,500. The refund, however, serves more as an interest-free loan, since it would have to be paid back over 15 years in equal installments by the buyer. The refund would be reduced gradually for single filers with adjusted gross incomes above $75,000; and for joint filers with AGIs over $150,000.

Bar down-payment assistance for FHA loans: The bill eliminates a program that has allowed sellers to provide down payment assistance. The seller-funded program is largely the reason why the agency's reserve has fallen by $4.6 billion, according to FHA Commissioner Brian Montgomery. Currently, that reserve is roughly $16.4 billion.

The bill would also increase to 3.5% from 3% the down payment requirement for borrowers getting FHA loans.

Paul Moye, Your Middle Tennessee Real Estate Agent www.middletnrealty.com

Williamson County Tennessee June Home Sales Figures

Paul Moye, Broker, ABR, GRI, CSP, SRES (Keller Williams Realty Franklin ) — Wed, 23 Jul 2008 14:45:42 -0500

June 7, 2008 (Franklin, TN)-The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of June. There were 327 residential and condominium closings reported for the month, according to figures provided by RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle-Tennessee area.
Compared to June of 2007, the residential home closings decreased 33 percent and the median price for residential homes decreased by 3 percent. Days on the market (DOM) for residential homes increased by 14 as compared to June 2007. Condominium closings decreased by 54 percent. The median prices for condominiums increased by 1 percent and days on the market also increased by 8 days compared to June 2007.

June 2008

	Closings	Median Price	Average Price	DOM
Residential	300	$ 367,520	$ 436,842	81
Condominium	27	$ 210,213	$ 218,816	59

June 2007

	Closings	Median Price	Average Price	DOM
Residential	447	$ 380,000	$ 459,373	67
Condominium	59	$ 207,900	$ 232,256	51