GREATER NASHVILLE HOME SALES CONTINUE TO INCREASE
NASHVILLE, Tenn. (May 9, 2012), GNAR – There were 2,186 home closings reported for the month of April, according to figures provided by the Greater Nashville Association of REALTORS®. This represents an increase of 25 percent from the 1,747 closings reported for April 2011.
Year-to-date closings are also up compared to 2011 with 7,041. That is a 24.5 percent increase compared to the 5,655 closings reported through April 2011.
“Total sales are the best we’ve seen since June 2010, which was the initial deadline for the First Time Buyer Tax Credit,” said GNAR President Kendra Cooke. “While some of the increase can be attributed to normal seasonal trends, the high number of closings is a clear indication that the real estate market in this region is showing significant improvement. The continuation of historically low interest rates, increasing economic confidence and increasing rental rates are all factors having a positive impact on real estate sales.”
There were 2,436 sales pending at the end of the month, compared to the 1,909 pending sales at this time last year. The average number of days on the market for a single-family home was 88 days.
The median residential price for a single-family home during April was $165,120 and for a condominium it was $141,190. This compares with last year’s median residential and condominium prices of $159,070 and $148,000, respectively.
Inventory at the end of April was 19,622, down from 22,297 in 2011.
“Inventory is down, but with overall inventory at a 9-month supply and residential inventory at a very balanced 6.5-month supply. Right now, sellers will want to be sure their homes are well-prepared for showing. While market activity is increasing, buyers are very focused on properties they visit being clean and fixed-up if they are going to seriously consider making a purchase.” added Cooke.
The Greater Nashville Association of REALTORS® is one of Middle Tennessee’s largest professional trade associations and serves as the primary voice for Nashville-area property owners. REALTOR® is a registered trademark that may be used only by real estate professionals who are members of the National Association of Realtors and subscribe to its strict code of ethics.
Source: Greater Nashville Association of REALTORS® (May 9, 2012) | Blog distribution provided by Kenneth Bargers and Bargers Solutions, member of Pilkerton Realtors, residential real estate services located in Nashville, Tennessee
May 10, 2012
Posted by kbargers |
economy, Nashville, real estate | april 2012, bargers solutions, GNAR, greater nashville association of realtors, home buying, home sales rise, home selling, housing data for the greater nashville area, kenneth bargers, Nashville, pilkerton realtors, realtor, tennessee |
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May 10, 2012
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Nashville, real estate | 352 chamberlin, 37209, centennial, Charlotte, cottage, home buying, investors, kenneth bargers, Nashville, pilkerton realtors, realtor, sylvan heights, tennessee, value trending neighborhood, vandy, west end |
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Supporting those that Support Others! Will your company be participating in this year’s annual UCP Casual Day 2012?
UCP’s Annual Casual Day 2012
A CELEBRATION OF TENNESSEE MUSIC
to benefit United Cerebral Palsy of Middle Tennessee
June 29, 2012 (or the date of your choice)
Casual Day. Casual Day is a unique and successful annual event mainly because all of the donations stay in Tennessee and are used to serve people with ALL disabilities who have no other resources. UCP builds wheelchair ramps across the entire state; provides recycled wheelchairs, walkers, bath aids, strollers, car seats, standers, etc.; provides home modifications (like widening doorways or raising countertops); offers educational seminars; hosts a free weekly recreation program; provides holiday food boxes for the most needy families; offers assistance for “Inclusive Summer Programs” for children.
Our Tennessee. Each year, a rendering is created that is unique to Tennessee and the artwork is dedicated for the use of UCP’s Casual Day. The artwork is normally used on the Casual Day T-shirt and a small poster. This year’s Casual Day theme is based on rare and valuable instruments which include a 1954 Fender Stratocaster, a 1960 Les Paul, a 1937 Martin D-28 and a 1939 Shurline 55s microphone once used by Elvis Presley!
How will your donation be used? Casual Day donations are used for the following: wheelchair ramps, home modifications, education, medical equipment, recreation, information and referral, summer activities and other programs.
Who does UCP help? People of all ages throughout Tennessee with: cerebral palsy, arthritis, spina bifida, diabetes, autism, strokes, brain injuries, heart disease, kidney diseases, epilepsy, muscular dystrophy, and a long list of other types of disabilities.
About UCP. United Cerebral Palsy’s mission is to advance the independence, productivity, and full citizenship of people with disabilities and to provide support to family members.
UCP serves individuals with all types of disabilities. Our expertise is generally in service to individuals with physical disabilities which affect mobility. UCP also serves as the area clearinghouse for information about the condition known as cerebral palsy. At present, approximately 40% of UCP consumers have cerebral palsy, the second largest lifetime disability in the U.S. (mental retardation is the largest). 60% of the people UCP serves have physical disabilities other than cerebral palsy. These include such conditions as spina bifida, M.S., disability resulting from head and spinal cord injury, ALS, amputations, strokes, and heart attacks, and many lesser known physical disabilities. Visit website
Company Participation. If your company has interest to participate in this worthy cause, I invite you to contact my friend and long time Director of Middle Tennessee’s United Cerebral Palsy, Ms. Diane Dietrich. Diane can be reached at (615) 242-4091 or diane_dietrich@ucpnashville.org.
Make a donation to United Cerebral Palsy and make a difference in someone’s life! Participating companies allow their employees to donate $5 or $20 and receive some great items that are donated from sponsors to go into the packets. The employees are allowed to where their T-shirt on Casual Day and this year’s date is dedicated on June 29, 2012.
Printable PDF: 2012 UCP Casual Day Flyer
May 8, 2012
Posted by kbargers |
charity, tennessee, Uncategorized | 2012 Casual Day, blog, celebration of tennessee music, charity, company participation, diane dietrich, june 2012, kenneth bargers, Nashville, tennessee, ucp event, united cerebral palsy of middle tennessee |
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Survey Shows More Reason to Buy Than Rent
Daily Real Estate News (Monday, May 07, 2012)… Thirty-three percent of Americans say they expect home prices to rise in the next 12 months, the highest level in more than a year, according to Fannie Mae’s March 2012 National Housing Survey of consumer attitudes about the housing market.
The number of people who say now is a good time to buy is also on the rise, increasing to 73 percent—also the highest level in more than a year. The percentage who said it’s a good time to sell a home also increased one point to 14 percent in March.
Meanwhile, more Americans expect rental prices to rise and are projecting an increase by 4.1 percent over the next year, the highest number recorded to date.
“Conditions are coming together to encourage people to want to buy homes,” says Doug Duncan, Fannie Mae’s chief economist. “Americans’ rental price expectations for the next year continue to rise, reaching their record high level for our survey this month. With an increasing share of consumers expecting higher mortgage rates and home prices over the next 12 months, some may feel that renting is becoming more costly and that home ownership is more compelling house choice.”
Source: “Americans’ Expectations Align to Encourage Home Buying,” RISMedia (May 6, 2012); Daily Real Estate News (May 7, 2012) | Blog distribution provided by Kenneth Bargers and Bargers Solutions, member of Pilkerton Realtors, residential real estate services located in Nashville, Tennessee
May 7, 2012
Posted by kbargers |
economy, real estate | bargers solutions, benefits of home buying, blog, buy versus rent, daily real estate news, fannie mae national housing survey, home buying, housing market, kenneth bargers, march 2012, may 2012, Nashville, pilkerton realtors, tennessee |
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Home Buying Gets Another Boost in Affordability
Article by Daily Real Estate News (Friday, May 04, 2012)… For home buyers or refinancers, borrowing costs for home ownership just got a little cheaper as mortgage rates took another dip to new all-time record lows this week, Freddie Mac reports in its weekly mortgage market survey.
“Signs of slowing economic growth and inflation remaining subdued allowed yields on Treasury bonds to ease somewhat and brought most mortgage rates to new all-time record lows this week,” says Frank Nothaft, Freddie Mac’s chief economist.
Here’s a closer look at average rates for the week ending May 3:
- 30-year fixed-rate mortgages: averaged 3.84 percent, with an average 0.8 point, reaching a new historical low. The previous record for 30-year rates was 3.87 percent, which was set on Feb. 9 of this year. A year ago at this time, rates averaged 4.71 percent.
- 15-year fixed-rate mortgages: averaged 3.07 percent, with an average 0.7 point, another historical low. The previous record for 15-year rates was 3.11 percent set on April 12 this year. A year ago at this time, 15-year rates had averaged 3.89 percent.
- 5-year adjustable-rate mortgages: averaged 2.85 percent, with an average 0.7 point, holding the same as last week. Last year at this time, 5-year ARMs averaged 3.47 percent.
- 1-year ARMs: averaged 2.70 percent this week, with an average 0.6 point, also registering at a new all-time low. Last year at this time, 1-year ARMs averaged 3.14 percent.
Source: Freddie Mac; Daily Real Estate News 050412 | Blog distribution provided by Kenneth Bargers and Bargers Solutions, member of Pilkerton Realtors, residential real estate services located in Nashville, Tennessee
May 7, 2012
Posted by kbargers |
economy, real estate | afffordability, bargers solutions, blog, current mortgage rates, daily real estate news, freddie mac, home buying, kenneth bargers, may 2012, nar, Nashville, pilkerton realtors, tennessee |
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The Physical
Seventy year old George went for his annual physical. All of his tests came back with great results.
Dr. Smith said, “George everything looks great physically. How are you doing mentally, emotionally and are you at peace with your self and have a good relationship with God?”
George replied, “God and me are tight. We are so close that when I get up in the middle of the night, poof!…the light goes on and I go to the bathroom and then poof! the light goes off!”
“Wow,” commented Dr. Smith, ‘That’s incredible!”
A little later in the day Dr. Smith called George’s wife. “Thelma,” he said, “George is just fine. Physically he’s great. But I had to call you because I’m in awe of his relationship with God. Is it true that he gets up during the night and poof! The light goes on in the bathroom and then poof! The light goes off?”
Thelma replied, “Oh God! He’s peeing in the fridge again!”
May 4, 2012
Posted by kbargers |
humor | blog, doctor, elderly, funny, humor, jokes, kenneth bargers, lol friday, physical |
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Survey: Moves for Job Relocations on the Rise
Daily Real Estate News | Wednesday, May 02, 2012… After a slowdown in corporate moves the past few years, more companies are planning to get their employees moving, according to a new survey.
Twenty-six percent of companies plan to relocate more workers this year than last year, according to the 2012 Corporate Relocation Survey, conducted by Atlas Van Lines.
The top places for corporate moves is the Northeast (42 percent), followed by the Midwest (37 percent), South (31 percent), and the West (26 percent).
The Atlas Van Lines survey also found that:
- 86% of companies plan to spend as much or more on relocation in 2012 than in 2011.
- More companies are also now offering relocating employees full reimbursement, not just lump sum or partial reimbursement.
- 52% of all relocations last year were for new hires.
- The most frequently moved employees in 2011 are employees aged 36-40.
Some Employees Decline to Move:
In 2011, 57 percent of companies say that employees declined a relocation. The top reasons that employees said they did not want to relocate:
- Housing and mortgage concerns: 71%
- Family issues/ties: 64%
- Personal reasons: 42%
Source: Daily Real Estate News (article Wednesday, May 02, 2012); Atlas Van Lines, 2012 Corporate Relocation Trends | Blog distribution provided by Kenneth Bargers and Bargers Solutions, member of Pilkerton Realtors, residential real estate services located in Nashville, Tennessee
May 3, 2012
Posted by kbargers |
real estate, relocation | 2012 corporate relocation survey, atlas van lines, bargers solutions, blog, current economic conditions, daily real estate news, employee transfers, home buying, home selling, kenneth bargers, Nashville, pilkerton realtors, relocation, tennessee |
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May 2, 2012
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Nashville, open house, real estate, tennessee | 944 century oak, highland creek, home buying, kenneth bargers, may 2012, Nashville, open house, pilkerton realtors, sharon greenwood, tennessee |
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May 1, 2012
Posted by kbargers |
charity, real estate, security | 2012 ucp casual day, bargers solutions, home invasion deterrent tips, kenneth bargers, may 2012 monthly newsletter, Nashville, pilkerton realtors, tennessee, vacation tips |
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My opinions may have changed, but not the fact that I am right.
The statistics on sanity are that one out of every four Americans is suffering from some form of mental illness. Think of your three best friends. If they’re okay, then it’s you.
We must believe in luck. For how else can we explain the success of those we don’t like?
Television has proved that people will look at anything rather than each other.
Buying a lie is one thing, giving it away for free is quite another.
Be your own hero, it’s cheaper than a movie ticket.
I don’t want any “yes-men” around me. I want everybody to tell me the truth even if it costs them their jobs.
Common sense is the collection of prejudices acquired by age eighteen.
We make a living by what we get, but we make a life by what we give.
Never deprive someone of hope — it may be all they have.
If you were arrested for kindness, would there be enough evidence to convict you?
April 27, 2012
Posted by kbargers |
humor | aphorisms, blog, cynicism, friday funnies, humor, kenneth bargers, lol friday |
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