Saturday, July 16, 2011
3 Bedrooms and 2.5 Baths on Old Hickory Lake from $399,900
WOW, A 3 BR 2.5 BA on Old Hickory Lake in Hendersonville, TN to be built by Goodall Homes ... Starting at $399,900. Click here for more information!
Thursday, January 20, 2011
NAR Reports Existing Home Sales Improve in December
Washington, DC, January 20, 2011
Existing-home sales rose sharply in December, when sales increased for the fifth time in the past six months, according to the National Association of REALTORS®.
Existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 12.3 percent to a seasonally adjusted annual rate of 5.28 million in December from an upwardly revised 4.70 million in November, but remain 2.9 percent below the 5.44 million pace in December 2009.
Lawrence Yun, NAR chief economist, said sales are on an uptrend. “December was a good finish to 2010, when sales fluctuate more than normal. The pattern over the past six months is clearly showing a recovery,” he said. “The December pace is near the volume we’re expecting for 2011, so the market is getting much closer to an adequate, sustainable level. The recovery will likely continue as job growth gains momentum and rising rents encourage more renters into ownership while exceptional affordability conditions remain.”
The national median existing-home price2 for all housing types was $168,800 in December, which is 1.0 percent below December 2009. Distressed homes3 rose to a 36 percent market share in December from 33 percent in November, and 32 percent in December 2009.
“The modest rise in distressed sales, which typically are discounted 10 to 15 percent relative to traditional homes, dampened the median price in December, but the flat price trend continues,” Yun explained.
Total housing inventory at the end of December fell 4.2 percent to 3.56 million existing homes available for sale, which represents an 8.1-month supply4 at the current sales pace, down from a 9.5-month supply in November.
NAR President Ron Phipps, broker-president of Phipps Realty in Warwick, R.I., said buyers are responding to very good affordability conditions despite tight mortgage credit. “Historically low mortgage interest rates, stable home prices, and pent-up demand are drawing home buyers into the market,” Phipps said. “Recent home buyers have been successful with very low default rates, given the outstanding performance for loans originated in 2009 and 2010.”
According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage rose to 4.71 percent in December from 4.30 percent in November; the rate was 4.93 percent in December 2009.
A parallel NAR practitioner survey shows first-time buyers purchased 33 percent of homes in December, up from 32 percent in November, but are below a 43 percent share in December 2009.
Investors accounted for 20 percent of transactions in December, up from 19 percent in November and 15 percent in December 2009; the balance of sales were to repeat buyers. All-cash sales were at 29 percent in December, compared with 31 percent in November, but up from 22 percent a year ago. “All-cash sales have been consistently high at about 30 percent of the market over the past six months,” Yun said.
Single-family home sales jumped 11.8 percent to a seasonally adjusted annual rate of 4.64 million in December from 4.15 million in November, but are 2.5 percent below the 4.76 million level in December 2009. The median existing single-family home price was $169,300 in December, down 0.2 percent from a year ago.
Existing condominium and co-op sales surged 16.4 percent to a seasonally adjusted annual rate of 640,000 in December from 550,000 in November, but remain 5.2 percent below the 675,000-unit pace one year ago. The median existing condo price5 was $165,000 in December, which is 7.4 percent below December 2009.
Regionally, existing-home sales in the Northeast jumped 13.0 percent to an annual pace of 870,000 in December but are 5.4 percent below December 2009. The median price in the Northeast was $237,300, which is 1.4 percent below a year ago.
Existing-home sales in the Midwest rose 11.0 percent in December to a level of 1.11 million but are 4.3 percent below a year ago. The median price in the Midwest was $139,700, up 3.3 percent from December 2009.
In the South, existing-home sales increased 10.1 percent to an annual pace of 1.97 million in December but are 2.5 percent below December 2009. The median price in the South was $148,400, unchanged from a year ago.
Existing-home sales in the West surged 16.7 percent to an annual level of 1.33 million in December but remain 1.5 percent below December 2009. The median price in the West was $204,000, down 5.6 percent from a year ago.
The National Association of REALTORS®, “The Voice for Real Estate,” is America’s largest trade association, representing 1.1 million members involved in all aspects of the residential and commercial real estate industries.
Existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 12.3 percent to a seasonally adjusted annual rate of 5.28 million in December from an upwardly revised 4.70 million in November, but remain 2.9 percent below the 5.44 million pace in December 2009.
Lawrence Yun, NAR chief economist, said sales are on an uptrend. “December was a good finish to 2010, when sales fluctuate more than normal. The pattern over the past six months is clearly showing a recovery,” he said. “The December pace is near the volume we’re expecting for 2011, so the market is getting much closer to an adequate, sustainable level. The recovery will likely continue as job growth gains momentum and rising rents encourage more renters into ownership while exceptional affordability conditions remain.”
The national median existing-home price2 for all housing types was $168,800 in December, which is 1.0 percent below December 2009. Distressed homes3 rose to a 36 percent market share in December from 33 percent in November, and 32 percent in December 2009.
“The modest rise in distressed sales, which typically are discounted 10 to 15 percent relative to traditional homes, dampened the median price in December, but the flat price trend continues,” Yun explained.
Total housing inventory at the end of December fell 4.2 percent to 3.56 million existing homes available for sale, which represents an 8.1-month supply4 at the current sales pace, down from a 9.5-month supply in November.
NAR President Ron Phipps, broker-president of Phipps Realty in Warwick, R.I., said buyers are responding to very good affordability conditions despite tight mortgage credit. “Historically low mortgage interest rates, stable home prices, and pent-up demand are drawing home buyers into the market,” Phipps said. “Recent home buyers have been successful with very low default rates, given the outstanding performance for loans originated in 2009 and 2010.”
According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage rose to 4.71 percent in December from 4.30 percent in November; the rate was 4.93 percent in December 2009.
A parallel NAR practitioner survey shows first-time buyers purchased 33 percent of homes in December, up from 32 percent in November, but are below a 43 percent share in December 2009.
Investors accounted for 20 percent of transactions in December, up from 19 percent in November and 15 percent in December 2009; the balance of sales were to repeat buyers. All-cash sales were at 29 percent in December, compared with 31 percent in November, but up from 22 percent a year ago. “All-cash sales have been consistently high at about 30 percent of the market over the past six months,” Yun said.
Single-family home sales jumped 11.8 percent to a seasonally adjusted annual rate of 4.64 million in December from 4.15 million in November, but are 2.5 percent below the 4.76 million level in December 2009. The median existing single-family home price was $169,300 in December, down 0.2 percent from a year ago.
Existing condominium and co-op sales surged 16.4 percent to a seasonally adjusted annual rate of 640,000 in December from 550,000 in November, but remain 5.2 percent below the 675,000-unit pace one year ago. The median existing condo price5 was $165,000 in December, which is 7.4 percent below December 2009.
Regionally, existing-home sales in the Northeast jumped 13.0 percent to an annual pace of 870,000 in December but are 5.4 percent below December 2009. The median price in the Northeast was $237,300, which is 1.4 percent below a year ago.
Existing-home sales in the Midwest rose 11.0 percent in December to a level of 1.11 million but are 4.3 percent below a year ago. The median price in the Midwest was $139,700, up 3.3 percent from December 2009.
In the South, existing-home sales increased 10.1 percent to an annual pace of 1.97 million in December but are 2.5 percent below December 2009. The median price in the South was $148,400, unchanged from a year ago.
Existing-home sales in the West surged 16.7 percent to an annual level of 1.33 million in December but remain 1.5 percent below December 2009. The median price in the West was $204,000, down 5.6 percent from a year ago.
The National Association of REALTORS®, “The Voice for Real Estate,” is America’s largest trade association, representing 1.1 million members involved in all aspects of the residential and commercial real estate industries.
Sunday, January 16, 2011
LAKE FRONT lots in Hendersonville, TN from $150,000
Lake Front Living at an affordable price. There is new residential development coming to the market in Hendersonville, TN. Goodall Homes has purchased the remaining property in Windstar Bay and will be bringing new home designs to the development. Goodall homes is one of the Nashville area’s most successful builder developers. There are 6 developed Lake front lots available. Bring your own builder or check the new plans available from Goodall Homes and Land.
Windstar Bay offers convenience to Sumner County neighborhood schools, shopping, nearby parks and recreational facilities. Just minutes away from a convenient Corps Of Engineers boat launch and beach area on Old Hickory Lake.
Click here for a Video tour of Windstar Bay
Thursday, December 2, 2010
Fairvue clubhouse to be auctioned Dec. 20
You have been sent an online news article as a courtesy of www.tennessean.com.
Article Title: Fairvue clubhouse to be auctioned Dec. 20
To view the contents on www.tennessean.com, go to: http://www.tennessean.com/apps/pbcs.dll/article?AID=/201012012044/GALLATIN01/101201083
A foreclosure auction has been set for the private clubhouse at Fairvue Plantation, scheduled to take place a little more than a year after the development company that owned it declared bankruptcy.
First State Bank holds a claim for $4.6 million in unpaid loans that were made to TLP DevCo and its various entities, of which about $2 million was secured using the clubhouse property as collateral. The auction will help the bank recover some of that claim.
It is unclear what the clubhouse auction might mean for the future of the Fairvue golf course, on which a different bank, American Security Bank and Trust, holds the lien. The attorney representing American Security did not return a phone call for comment by this newspaper’s deadline Wednesday.
At least one group has already shown interest in purchasing the members-only clubhouse — the homeowners living in the subdivision.
The president of the Fairvue Plantation Homeowners Association, Earl Fischer, said the residents have been “constantly” in meetings with the banks and haven’t made a definitive decision yet on which direction they will go.
Other Bidders Expected
However, the homeowners aren’t expecting to be the only interested party on the steps of the Sumner County Courthouse when the auction takes place the week before Christmas.
“The banks are wanting to move very quickly, which means the Homeowners Association would have to make up its mind soon,” Fischer said. “We certainly won’t be the only ones interested in purchasing this property.”
The appraised value of the clubhouse, according to Sumner County property assessment data, was $3.5 million in 2009; however, in bankruptcy documents filed in August, the property was independently appraised for its value if it were liquidated — sold at a foreclosure auction — and in that case it came in at $1.6 million.
As to how much the homeowners might be willing to pay for the property, Fischer said it was too early to tell, though he praised the banks for being “extremely cooperative” and “very willing to share information” in the past week.
“Of course the banks hope to recover as much of the loans as they can, but they have given us no indication at this point of what they expect out of this sale or what their bottom line is that they would take at this point,” he said.
Purchaser Might Pick Up $150k Tax Bill
The purchaser could also be liable for any unpaid property taxes, including penalty and interest on back taxes, according to the foreclosure notice.
City Attorney Joe Thompson said taxes on the clubhouse haven’t been paid since 2008.
The city is looking to collect about $50,000 in back taxes, and the county would be owed about twice that — making for a total bill of roughly $150,000.
The auction is scheduled to begin at 10:01 a.m. on Dec. 20 on the steps of the Sumner County Courthouse.
Article Title: Fairvue clubhouse to be auctioned Dec. 20
To view the contents on www.tennessean.com, go to: http://www.tennessean.com/apps/pbcs.dll/article?AID=/201012012044/GALLATIN01/101201083
A foreclosure auction has been set for the private clubhouse at Fairvue Plantation, scheduled to take place a little more than a year after the development company that owned it declared bankruptcy.
First State Bank holds a claim for $4.6 million in unpaid loans that were made to TLP DevCo and its various entities, of which about $2 million was secured using the clubhouse property as collateral. The auction will help the bank recover some of that claim.
It is unclear what the clubhouse auction might mean for the future of the Fairvue golf course, on which a different bank, American Security Bank and Trust, holds the lien. The attorney representing American Security did not return a phone call for comment by this newspaper’s deadline Wednesday.
At least one group has already shown interest in purchasing the members-only clubhouse — the homeowners living in the subdivision.
The president of the Fairvue Plantation Homeowners Association, Earl Fischer, said the residents have been “constantly” in meetings with the banks and haven’t made a definitive decision yet on which direction they will go.
Other Bidders Expected
However, the homeowners aren’t expecting to be the only interested party on the steps of the Sumner County Courthouse when the auction takes place the week before Christmas.
“The banks are wanting to move very quickly, which means the Homeowners Association would have to make up its mind soon,” Fischer said. “We certainly won’t be the only ones interested in purchasing this property.”
The appraised value of the clubhouse, according to Sumner County property assessment data, was $3.5 million in 2009; however, in bankruptcy documents filed in August, the property was independently appraised for its value if it were liquidated — sold at a foreclosure auction — and in that case it came in at $1.6 million.
As to how much the homeowners might be willing to pay for the property, Fischer said it was too early to tell, though he praised the banks for being “extremely cooperative” and “very willing to share information” in the past week.
“Of course the banks hope to recover as much of the loans as they can, but they have given us no indication at this point of what they expect out of this sale or what their bottom line is that they would take at this point,” he said.
Purchaser Might Pick Up $150k Tax Bill
The purchaser could also be liable for any unpaid property taxes, including penalty and interest on back taxes, according to the foreclosure notice.
City Attorney Joe Thompson said taxes on the clubhouse haven’t been paid since 2008.
The city is looking to collect about $50,000 in back taxes, and the county would be owed about twice that — making for a total bill of roughly $150,000.
The auction is scheduled to begin at 10:01 a.m. on Dec. 20 on the steps of the Sumner County Courthouse.
Thursday, August 26, 2010
Mini Horse Farm in Nashville, TN area offered in ONLINE AUCTION
Wednesday, August 25, 2010
Royce Dugan Recommends an Article
This news article was recommended by Royce Dugan: PENT-UP CAPITAL GENERATES 'FEROCIOUS' COMPETITION FOR CORE, DISTRESSED SHOPPING CENTERS
While still a far cry from the avalanche some predicted would hit the market a year ago, distressed shopping malls and strip centers have contributed to a marked increase in retail sale activity this year. At the same time, a rush by institutional investors to pick up quality core properties at the other end of the retail property spectrum has also...
-----------------------------------
CoStar Group, Inc.
2 Bethesda Metro Center, 10th Floor
Bethesda, Maryland 20814 USA
Tel: 800-204-5960
http://www.costar.com/
While still a far cry from the avalanche some predicted would hit the market a year ago, distressed shopping malls and strip centers have contributed to a marked increase in retail sale activity this year. At the same time, a rush by institutional investors to pick up quality core properties at the other end of the retail property spectrum has also...
-----------------------------------
CoStar Group, Inc.
2 Bethesda Metro Center, 10th Floor
Bethesda, Maryland 20814 USA
Tel: 800-204-5960
http://www.costar.com/
Thursday, August 12, 2010
Great Nashville, TN (White House) area Country Home / Rental / Investment Property
White House, Tennessee, bedroom community for Nashville, TN. Country home close to the convienence of the city. 3 bed room 3 full bath home at a Fantastic value price. See http://bit.ly/9xpzJS For complete detail;s
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