KENNETH BARGERS BLOG

Realtor, Tennis Player, Titans & Vols Fan, Nashvillan

Welcome Home to this Tennessee Beauty in Ashland City

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KENNETH BARGERS, REALTOR® | Bargers Solutions real estate|marketing
a proud member of Pilkerton Realtors

(615) 512-9836 cellular | (615) 371-2474 office
kb@bargers-solutions.com email | www.bargers-solutions.com web
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2 Cadillac Drive, Brentwood TN 37027 address

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Builder Confidence Rises Above Key Benchmark

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Builder Confidence Rises Above Key Benchmark
Daily Real Estate News | July 17, 2014

NAHB-LogoBuilders are gaining confidence in the new single-family home market, with the National Association of Home Builders/Wells Fargo Housing Market Index reaching an important milestone this month. The index rose four points to reach 53 in July. Any reading above 50 indicates more builders view sales conditions as good than poor.

“This is the first time that builder confidence has been above 50 since January and an important sign that it is strengthening as pent-up demand brings more buyers into the marketplace,” says NAHB Chairman Kevin Kelly.

An improving job market is helping to boost builders’ confidence, says David Crowe, NAHB chief economist. “As employment increases and those with jobs feel more secure about their own economic situation, they are more likely to feel comfortable about buying a home,” Crowe says.

The index gauges builder perceptions of current single-family home sales, expectations for the next six months, as well as buyer traffic. All three components posted gains in July, with expectations for future sales rising six points to 64; current sales conditions rising four points to 57; and the gauge for buyer traffic rising three points to 39.

Source: National Association of Home Builders; Daily Real Estate News; REALTOR® Magazine Online (071714)

KENNETH BARGERS, REALTOR® | Bargers Solutions real estate|marketing
a proud member of Pilkerton Realtors

(615) 512-9836 cellular | (615) 371-2474 office
kb@bargers-solutions.com email | www.bargers-solutions.com web
kennethbargers.com blog | www.pilkertonrealtors.com web

2 Cadillac Drive, Brentwood TN 37027 address

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Beautiful Georgian-Style Now Available in Landmark of Brentwood

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The Return of the First-Time Home Buyer?

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The Return of the First-Time Home Buyer?
Daily Real Estate News | July 11, 2014

1403 RobertELee 1Young people are starting to leave their parent’s home and move out on their own. The Current Population Survey for 2013 showed a drop in the percentage of 20-somethings living with parents, marking the first decline since 2005.

As of now, the percentage drop appears minimal: Those aged 18 to 24 living with parents or a related subgroup dropped from 56 percent to 55 percent in one year. However, Brad Hunter, chief economist at Metrostudy, notes in a Builder online article that the one-percentage-point decline represents 300,000 people who are now looking for a household of their own that who were previously living with their parents.

Indeed, a recent report by Harvard University’s Joint Center for Housing Studies predicts that 2.7 million more households will form among people in their 30s over the next decade.

First-time buyers usually make up about 40 percent of home buyers. However, lately, the share has been in the 35 percent to 38 percent range, Hunter says. For existing-home sales, first-time buyers’ share is less than one-third of all buyers, at 27 percent in May, according to the National Association of REALTORS®.

The delay in millennials branching out on their own has greatly reduced household formation in recent years. Household formation rates usually average 1.4 million per year. Lately, the rate has been a fraction of that, about 500,000 to 700,000 a year.

“We are seeing some evidence that young people who had moved in with their parents or relatives are now finding the means and the motivation to move out and get their own place,” Hunter notes. “While most of these newly-emerging twenty-somethings will be going into rentals, the movement out of the parental home is nonetheless expected to support a series of positive steps from rentals to entry-level re-sales to entry-level new homes, and on up the ladder.”

Source: “First-Time Buyers and New-Home Demand: Reverting to Normal,” Builder (July 10, 2014); Daily Real Estate News (071114)

KENNETH BARGERS, REALTOR® | Bargers Solutions real estate|marketing
a proud member of Pilkerton Realtors

(615) 512-9836 cellular | (615) 371-2474 office
kb@bargers-solutions.com email | www.bargers-solutions.com web
kennethbargers.com blog | www.pilkertonrealtors.com web

2 Cadillac Drive, Brentwood TN 37027 address

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GNAR Announces Greater Nashville Home Sales Increase at Mid-Year

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Greater Nashville Home Sales Increase at Mid-Year
Press Release by GNAR; July 8, 2014

GNAR-Logo175x73NASHVILLE, Tenn. (July 8, 2014) – There were 3,324 homes sold in the month of June, according to figures provided by the Greater Nashville Association of REALTORS®. That figure is up 9.4 percent compared to the 3,038 closings reported for June 2013.

Second-quarter numbers are up, with 9,170 closings reported, a 3.3 percent increase from the 8,879 closings reported through the second quarter of 2013. Year-to-date closings for the Greater Nashville area are up 3.2 percent with 15,336 compared to the 14,859 closings reported through mid-year 2013.

“The June, second-quarter and year-to-date figures are all up compared to the same periods last year,” said GNAR President Hagan Stone. “Median prices are up nearly $20,000 over last year for single-family residential homes and condominiums. These price increases may encourage some people to sell, which would be helpful since inventory in the Greater Nashville areas remains low.”

The median residential price for a single-family home during June was $222,000, and for a condominium it was $171,250. Last year’s median residential and condominium prices for June were $205,950 and $159,000, respectively.

There were 3,313 sales pending at the end of June, compared with 3,091 pending sales at this time last year. The average number of days on the market for a single-family home was 65 days.

Inventory at the end of June was 16,157, down from 16,828 in June 2013.

“June finished with just over 16,000 properties on the market. Overall, that’s a five-month supply, which is just shy of the six months we’d like to see for a healthy market,” added Stone. “In addition, the number of days homes were on the market decreased to 65 days from 73.

“These numbers indicate that this is a great time for properly priced, market-ready homes. However, homeowners should remember that curb appeal is key. Buyers are very discerning and opportunities for sales can be missed if sellers do not prepare their properties well.”

### The Greater Nashville Association of REALTORS(R) is one of Middle Tennessee’s largest professional trade associations and serves as the primary voice for Nashville-area property owners. REALTOR(R) is a registered trademark that may be used only by real estate professionals who are members of the National Association of Realtors(R) and subscribe to its strict code of ethics. ###

Source: GNAR Press Release, 070814

KENNETH BARGERS, REALTOR® | Bargers Solutions real estate|marketing
a proud member of Pilkerton Realtors

(615) 512-9836 cellular | (615) 371-2474 office
kb@bargers-solutions.com email | www.bargers-solutions.com web
kennethbargers.com blog | www.pilkertonrealtors.com web

2 Cadillac Drive, Brentwood TN 37027 address

Subscribe BLOG: EMAIL ME your name/email address to receive Kenneth Bargers Blog
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Job Relocation: What You Might Expect

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Job Relocation: What You Might Expect

So your job asked you to relocate!  A new beginning can be exhilarating; positive and daunting at the same time.  Did you know that many corporations will offer assistance and benefits beyond the direct move?

Atlas recently published a new info-graphic about corporate relocation.  It answers a lot of questions that people may be uneasy about if asked to move because of a job; including moving with pets, exercise equipment, boats, second vehicles, etc.

So your job asked you to relocate
So your job asked you to relocate by Atlas Van Lines

Source: 2014 Atlas Corporate Relocation Survey
Kathryn Koewler
DBD Advertising | Marketing | Digital
Nashville TN & Evansville IN
http://www.dbd15.com

KENNETH BARGERS, REALTOR® | Bargers Solutions real estate|marketing
a proud member of Pilkerton Realtors

(615) 512-9836 cellular | (615) 371-2474 office
kb@bargers-solutions.com email | www.bargers-solutions.com web
kennethbargers.com blog | www.pilkertonrealtors.com web

2 Cadillac Drive, Brentwood TN 37027 address

Subscribe BLOG: EMAIL ME your name/email address to receive Kenneth Bargers Blog
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Independence Day 2014

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Written by kbargers

July 3, 2014 at 6:51 pm

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