Home Sales

Mortgage and Lending


Existing Home Supply 2009-2010Existing Home Sales surged 12 percent last month, closing 2010′s housing market with strength. An "existing home" is a home that cannot be categorized as new construction; a resale.

According to the National Association of REALTORS®, seasonally-adjusted, annualized Existing Home Sales figures climbed by more than a half-million units in December as compared to November. It's the 3rd straight month of home resale improvement nationwide.

Sales volume is now as high as it's been since May 2010 - just after the federal home buyer tax credit's expiration.

In addition, the number of months needed to sell the complete, current home inventory at the current pace of sales fell by 1.4 months, tying December for the biggest one-month home supply improvement in 2 years.

It's yet another signal that the housing market is in recovery. Not that this data should surprise anyone. November's Pending Home Sales report told us to expect it two weeks ago.

Broken down by buyer-type, home sales split as follows:

  • First-time home buyers : 33% of all sales
  • Repeat buyers : 47% of all sales
  • Real estate investors : 20% of all sales

Cash buyers represented 29 percent of all transaction, down 2 ticks from November. This may suggest that mortgage guidelines are loosening - another sign of economic improvement.

So, take note, home buyers. This spring, along with mortgage rates, home values should rise, too. Expect less "bang for your buck" as the housing recovery takes hold across the nation.

The best deals of the year may be the ones made this month.

As always, I am available to answer any questions you may have about the market conditions, your mortgage needs, or anything you would like to inquire about.

~Christina Livingston, ACOPIA Home Loans, Franklin, TN

Yes, we are a direct lender, servicing all of TN.

Comments (3)

Mark Lomas
Santa Barbara Real Estate - Santa Barbara, CA
Experience You Can Count On!

Not sure how I feel about NAR after receiving this email from a Houston real estate broker that questions our relationship with NAR:

Are Realtors Stupid?
by Houston real estate broker Tim Ziffle


It's fascinating to watch how Realtors allow their National (NAR) and local Realtor association's actions undermine their  profession.  Amazingly, Realtors pay horrendously high fees to their Associations for access to the MLS (Multiple Listing Service), which the public  gets for FREE?


NAR and various local Realtor Associations continue to marginalize their membership by allowing and encouraging data mining parasites (Zillow, Trulia, Homegain, ect.) access to the MLS data that's created on the backs of Realtors, and have led their membership to believe that somehow someway that there is a benefit to having some sort of relationship with these entities?


Real Estate agents create the data, the data mining parasite's market it and try to develop leads to sell back to the very people that created the data? Who allowed this business model to happen? It appears realtors are too naive to know when they’re being exploited? And, what do Realtors and their associations do about any of this? Nothing. No one seems willing to question the relationships between these outside third parties and their Realtor Associations.  Why are we feeding these large online data mining corporations our data? American Airlines and Southwest Airlines just told their data mining parasite to take a hike! Anybody listening?


Now these Associations have finally agreed to aggregate all local MLS systems into a National MLS. The Third Party Data Mining companies are salivating. It can't happen soon enough. The public can now know more about every market in the US than the vast majority of local Realtors could ever know. Like Cramer on Seinfeld says, “they know nothing!” Why are the Realtor Associations out of synch with it’s membership’s best interest?  If Realtors are so stupid, why would anyone use one?


What other industry’s trade Association do you know, that would…

Charge its members thousands of dollars each year to be a member of both the local, state and national Associations and then, require its individual members to spend huge amounts of time, money, gas, effort, collecting /photographing and inputting tons of information into the members collective Association database , then tells its members that it will now give all their information to their competitors for an UNSHARED FEE ,and ultimately, to the public for free? 

Does anyone remember what real estate was like when we controlled our MLS data? Why has it been decided that placing these third parties between the Realtors that create the data, and prospective buyers and sellers a good thing? Anyone that remembers when we ran our own MLS systems will grasp the significance of this.

NAR is now advising its members that their Association NOW intends to combine all their individual member’s information into a giant national database, and give that away for free to the public - so there is  no need for the public to continue to believe that there are valid reasons why they should hire the Association’s members for their individual knowledge, expertise and counsel.   NAR then has the audacity to tell its Association members that their LIFE-LONG CAREER ASSOCIATION EXECUTIVES are looking out for the individual member’s best interest, and to make sure that all the future information they collect and input into the database must be correct and timely , or they will be fined by their association?

The individual association members continue to actually believe whatever their Associations tells them, and continue to send in their thousands of dollars each year to their Associations, in order to ensure the continuation of their MINDLESS REALTOR ASSOCIATION CULT! WHY?(Many members even proudly wear a REALTOR pin to demonstrate their individual stupidity, and official cult membership status!) Are Realtors Stupid?

Tim Ziffle is a real estate broker in Texas

Feb 18, 2011 04:06 AM
Paul Walker
Equity Fifty Five Realty, LLC - Scott AFB, IL
Scott AFB IL Area Realtor

It's still a good time to buy a home! But buyers really need to get out there and find their dream home soon, because the interest rates are rising and home prices are beginning to trickle up too!

There will remain some good deals out there of course, but buyers really need to watch interest rates, and if they are having ideas of purchasing a home this is certainly a great  time to pull the trigger!

Feb 18, 2011 04:15 AM
Christina Livingston
Franklin, TN

@ Paul Walker - YES!! Right now IS the time to purchase.  With Fannie and Freddie introducing loan level price adjustments effective April 1st, 2011, and rates on the rise each day, I certainly agree that now is the time to make that jump off of the fence. 

@ Tim Ziffle - While the ability for third party companies to muddy the waters of data is certainly appauling - especially given how often the data is skewed or incorrect altogether (ZILLOW!!), I believe that that's where the importance of trust comes into play.  When our clients place their trust in us, we have the ability to educate our consumers on what's 'really going on' in our local markets. Afterall, we certainly are far more aware of our market conditions since we eat, sleep and breathe our respective areas.

Feb 18, 2011 04:29 AM