Kenneth Bargers Blog

In the News…real estate social networking

Open House this Sunday! – 2122 Willowmet Drive, Brentwood, TN

Willowmet OH072609

July 25, 2009 Posted by | Nashville, real estate, tennessee | , , , , | Leave a Comment

Just Listed – A South Nashville Beauty!

3324 Dumas Market Sheet

July 19, 2009 Posted by | marketing, Nashville, real estate, relocation, tennessee | , , , , | Leave a Comment

Good News Continues for the Real Estate Market’s Recovery!

Pending Home Sales Record Fourth Straight Monthly Gain
Pending home sales show a sustained uptrend, rising for four consecutive months with very favorable housing affordability and a first-time buyer tax credit boosting activity, according to the latest survey. The Pending Home Sales Index increased 0.1 percent to 90.7 from an upwardly revised reading of 90.6 in April, and is 6.7 percent higher than May 2008 when it was 85.0. The last time there were four consecutive monthly gains was in October 2004. Lawrence Yun, NAR chief economist, cautions that there could be delays in the number of contracts that go to closing. “Closed existing-home sales have improved but are coming in lower than expected because some contracts are delayed or falling through from the application of new appraisal rules for many transactions,” he said. “Rises in contract activity show buyers are becoming more active even as they face much more stringent loan underwriting standards. Speedy clarification of the appraisal rules could smooth a housing market recovery and support the overall economy.”  Source: National Association of Realtors.

On Appraisals: the Impact of HVCC
A preliminary analysis indicates that the implementation of the Home Valuation Code of Conduct (HVCC) appears to be having adverse impacts on the housing market. Appraisal issues associated with the implementation of HVCC have recently been in the news. NAR Research has developed information on the subject through a statistically representative survey of the membership.

July 15, 2009 Posted by | marketing, real estate, tennessee | , , , | Leave a Comment

Friday Humor 071009: The Love Dress!

THE LOVE DRESS

 A woman stopped by, unannounced, at her son’s house.

 She knocked on the door then immediately walked in.  She was shocked to see her daughter-in-law lying on the couch, totally naked.

 Soft music was playing, and the aroma of perfume filled the room.

 ’What are you doing?’ she asked.

 ’I'm waiting for Justin to come home from work,’ the daughter-in-law answered.

 ’But you’re naked!’ the mother-in-law exclaimed.

 ’This is my love dress,’ the daughter-in-law explained.

 ’Love dress?  But you’re naked!’

 ’Justin loves me to wear this dress,’ she explained.

 ’Every time he sees me in this dress, he instantly becomes romantic and ravages me for hours.’

The mother-in-law left.  When she got home she undressed, showered, put on her best perfume, dimmed the lights, put on a romantic C D, and lay on the couch waiting for her husband to arrive.

Finally, her husband came home..  He walked in and saw her lying there so provocatively.

‘What are you doing?’ he asked.

‘This is my love dress,’ she whispered, sensually.

‘Needs ironing,’ he said, ‘What’s for dinner?’

Source: Unknown

July 10, 2009 Posted by | humor | , | 2 Comments

Greater Nashville Association of Realtors Release June Statistics!

JUNE HOME SALES SHOW SOME SIGNS OF IMPROVEMENT

There were 2,091 homes sold in the month of June, according to figures provided by the Greater Nashville Association of REALTORS®. That figure is down 19.2 percent compared to the 2,591 closings reported for June 2008. The number of closings exceeded 2,000 for the first time since September of last year.

Second-quarter numbers are also down, with 5,478 closings reported, a 24.2 percent decrease from the 7,234 closings reported through the second quarter of 2008. Year-to-date closings for the Greater Nashville area are down 28.9 percent with 9,240 compared to the 12,997 closings reported through mid-year 2008.

“There are several encouraging signs in the current home sales data for Greater Nashville and Middle Tennessee,” said GNAR President Mike Nichols. “There were more than 2,000 closings in one month for the first time since September of last year. There are more than 2,000 sales pending for the second consecutive month. And, the median price for a single-family home is down only three percent from where it was a year ago. These signs are early indications of what we hope will become positive trends for the coming months. It does seem that more people are again beginning to explore the possibility of home ownership.”

In that regard, Nichols says first-time buyers can learn more about their opportunities by attending the upcoming Mayor’s Housing Fair, sponsored by Nashville Mayor Karl Dean, which is set for Sunday, July 26th from 1:00 p.m. until 5:00 p.m. at The Sommet Center.

The median residential price for a single-family home during June was $177,700, and for a condominium it was $152,870.  Last year’s median residential and condominium prices for June were $183,615 and $185,500, respectively.

There were 2,141 sales pending at the end of June, compared with 2,684 pending sales at this time last year.  The average number of days on the market for a single-family home was 83 days which is the lowest so far in the calendar year for 2009.

Inventory at the end of June was 24,552, down from 24,935 in June 2008.

“Inventory is actually down in every category except farm, land and lots,” said Nichols. “That category will likely remain large until homebuilding activity increases. Buyers still have plenty from which to choose. For sellers, the priority remains to make their home is priced, prepared and presented well in order to be attractive to buyers.”

Source:  GNAR Press Release 070909.

July 9, 2009 Posted by | marketing, Nashville, real estate, tennessee | , , , , | Leave a Comment

   

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