November 3, 2011
Posted by kbargers |
real estate | acres, home buying, kenneth bargers, mcmurray drive, mcmurray woods, nancy king, Nashville, november 2011, november 6th, open house, pilkerton realtors, ranch, real estate agent, tennessee |
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October 22, 2011
Posted by kbargers |
real estate | 2 acres, acres, bargers solutions, brick church pike, campbell road, goodlettsville, home buying, home for sale, kenneth bargers, mls 1314711, Nashville, pilkerton realtors, real estate agent, realtor, renovated ranch, tennessee |
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September 29, 2011
Posted by kbargers |
real estate | 788 Young Green Road, acres, bargers solutions, center hill, completely furnished, home buying, kenneth bargers, lake home, lake house, pilkerton realtors, real estate agent, realtor, Smithville, tennessee |
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September 3, 2011
Posted by kbargers |
real estate | 788 Young Green Road, acreage, bargers solutions, Center Hill Lake, completely furnished home, home buying, kenneth bargers, lake home, lake house, lakehome, middle tennessee, Nashville, pilkerton realtors, real estate agent, realtor, Smithville, tennessee |
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April 15, 2011
Posted by kbargers |
real estate | 788 Young Green Road, acres, bargers solutions, Brentwood, Center Hill Lake, home buying, home for sell, kenneth bargers, lake home, lake house, lake view, lakehome, lakehouse, middle tennessee, pilkerton realtors, private, real estate agent, realtor, retreat, Smithville, swimming pool, tennessee, vacation home, walking trails |
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April 14, 2011
Posted by kbargers |
open house, real estate | 1651 campbell road, acres, april 17th, area 5, Brentwood, brick church pike, campbell road, goodlettsville, home buying, home for sale, kenneth bargers, middle tennessee, Nashville, open house, pilkerton realtors, real estate agent, realtor, renovated ranch, sunday, tennessee |
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MARKET COMMENT Mortgage bond prices rose last week helping mortgage interest rates improve. Flight to safety buying of US debt instruments helped rates improve as the Japanese stock market struggled. Oil prices eased a bit early in the week. However, clashes in Saudi Arabia Thursday sent prices back above $100/barrel. Core inflation readings remained relatively in check however the headline figures exceeded expectations. The Fed’s recent statement noted “short-term” increases in food and energy prices but indicated the spikes are not expected to spill over to the core. Despite the mixed data mortgage bonds ended the week better by about 1/4 of a discount point.
The weekly jobless data and Treasury auction will receive a lot of attention this week amid continued global economic uncertainty.
LOOKING AHEAD
• Existing Home Sales; March 21; Consensus Estimate Down 6%, 5.05M; Low importance. An indication of mortgage credit demand. Significant weakness may lead to lower rates.
• New Home Sales; March 23; Consensus Estimate Unchanged, 288k; Important. An indication of economic strength and credit demand. Weakness may lead to lower rates.
• Weekly Jobless Claims; March 24; Consensus Estimate 384k; Important. An indication of employment. Higher claims may result in lower rates.
• Durable Goods Orders; March 24; Consensus Estimate Up 0.8%; Important. An indication of the demand for “big ticket” items. Weakness may lead to lower rates.
• 10YR TIPS Treasury Note Auction; March 24; Important. $11 billion of notes will be auctioned. Strong demand may lead to lower mortgage rates.
• Q4 GDP 3rd estimate; March 25; Consensus Estimate 2.9%; Very important. The aggregate measure of US economic production. Weakness may lead to lower rates.
• U of Michigan Consumer Sentiment; March 25; Consensus Estimate 68; Important. An indication of consumers’ willingness to spend. Weakness may lead to lower mortgage rates.
EXISTING HOME SALES The National Association of Realtors releases existing home sales data near the end of each month. The data is derived from a sampling of MLS data across the nation. The release shows the current sales rate for existing single-family, coops, and condos. A national figure and 4 regional figures are provided. The NAR Chief Economist indicated in February the current methodology used to calculate the benchmarks will be revised in the near future. There is no timetable for the revision.
The housing market is a critical component of the US economy. A house is usually one of the largest assets a consumer owns. Housing usually leads market recoveries. Unfortunately the housing industry remains in transition as the effects of massive foreclosures still weigh heavily. Most analysts agree that the housing market will remain wobbly for some time. The important thing to remember is that housing is a “local” issue. The maxim about housing being strongly tied to “location, location, location” still holds true. The overall housing market shows signs of trouble while there are areas that don’t follow the overall trend.
While the data usually isn’t a big market mover it still has the potential to result in some market volatility. The release usually includes remarks from the Chief Economist regarding prices, inventory, and interest rates.
Source: Todd Kabel, F&M Mortgage; Blog distribution provided by Kenneth Bargers and Bargers Solutions residential real estate services located in Nashville, Tennessee
March 21, 2011
Posted by kbargers |
economy, real estate | bargers solutions, current market conditions, economic report, existing home sales, f&m mortgage, housing market, kenneth bargers, march 2011, market comment, mortgage bond prices, mortgage interest rates, Nashville, new home construction, new home sales, real estate agent, realtor, residential real estate services, tennessee, todd kabel, treasury auctions, us debt |
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March 17, 2011
Posted by kbargers |
Nashville, open house, real estate, tennessee | 1708 red jacket drive, antioch, bargers solutions, barnes crossing, condo, home buying, home selling, kenneth bargers, march 2011, middle tennessee, Nashville, open house, prudential woodmont realty, real estate agent, realtor, sunday, tennessee, townhome |
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March 17, 2011
Posted by kbargers |
real estate, tennessee | bargers solutions, Brentwood, Center Hill Lake, home buying, home for sale, investment home, kenneth bargers, lake home, middle tennessee, Nashville, prudential woodmont realty, real estate agent, realtor, residential real estate, retreat, Smithville, tennessee, vacation home |
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Nearly 70 percent of buyers and sellers say they believe the housing market and property values will recover in the next year or two, according to a new survey by Prudential Real Estate and Relocation Services Inc.
What’s more, 86 percent of the more than 1,000 buyers and sellers surveyed believe real estate is still a good investment despite the souring market conditions in many areas the past few years.
Those surveyed said they also are ready to buy: Six in 10 respondents say they are more interested in buying real estate and 59 percent say they are optimistic about buying now with recent momentum from the economic recovery. They also believe they can get a better deal now because of lower prices.
But many survey respondents said that buying a home relies on them being able to sell their existing home. About 67 percent respondent said they are concerned about getting a fair price for their existing home.
“This survey clearly demonstrates that Americans continue to be optimistic about the real estate market and believe that home prices will rise,” says James Mallozzi, chief executive officer of Prudential Real Estate and Relocation Services. “A key take away from the survey is although consumers recognize that it is a good time to buy, they are concerned about their ability to sell their homes. This is one of the reasons the market is still struggling to recover.”
Source: “Americans Confident in Recovery of Real Estate Market,” RISMedia (March 14, 2011); Blog distribution provided by Kenneth Bargers and Bargers Solutions residential real estate services located in Nashville, Tennessee
March 15, 2011
Posted by kbargers |
real estate, economy, surveys | tennessee, Nashville, kenneth bargers, bargers solutions, home buying, home selling, realtor, housing market, survey, current market conditions, residential real estate services, blog, real estate agent, march 2011, rismedia, optimism, prudential real estate and relocation services, james mallozzi |
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Market Comment for Week of March 21, 2011…
MARKET COMMENT Mortgage bond prices rose last week helping mortgage interest rates improve. Flight to safety buying of US debt instruments helped rates improve as the Japanese stock market struggled. Oil prices eased a bit early in the week. However, clashes in Saudi Arabia Thursday sent prices back above $100/barrel. Core inflation readings remained relatively in check however the headline figures exceeded expectations. The Fed’s recent statement noted “short-term” increases in food and energy prices but indicated the spikes are not expected to spill over to the core. Despite the mixed data mortgage bonds ended the week better by about 1/4 of a discount point.
The weekly jobless data and Treasury auction will receive a lot of attention this week amid continued global economic uncertainty.
LOOKING AHEAD
• Existing Home Sales; March 21; Consensus Estimate Down 6%, 5.05M; Low importance. An indication of mortgage credit demand. Significant weakness may lead to lower rates.
• New Home Sales; March 23; Consensus Estimate Unchanged, 288k; Important. An indication of economic strength and credit demand. Weakness may lead to lower rates.
• Weekly Jobless Claims; March 24; Consensus Estimate 384k; Important. An indication of employment. Higher claims may result in lower rates.
• Durable Goods Orders; March 24; Consensus Estimate Up 0.8%; Important. An indication of the demand for “big ticket” items. Weakness may lead to lower rates.
• 10YR TIPS Treasury Note Auction; March 24; Important. $11 billion of notes will be auctioned. Strong demand may lead to lower mortgage rates.
• Q4 GDP 3rd estimate; March 25; Consensus Estimate 2.9%; Very important. The aggregate measure of US economic production. Weakness may lead to lower rates.
• U of Michigan Consumer Sentiment; March 25; Consensus Estimate 68; Important. An indication of consumers’ willingness to spend. Weakness may lead to lower mortgage rates.
EXISTING HOME SALES The National Association of Realtors releases existing home sales data near the end of each month. The data is derived from a sampling of MLS data across the nation. The release shows the current sales rate for existing single-family, coops, and condos. A national figure and 4 regional figures are provided. The NAR Chief Economist indicated in February the current methodology used to calculate the benchmarks will be revised in the near future. There is no timetable for the revision.
The housing market is a critical component of the US economy. A house is usually one of the largest assets a consumer owns. Housing usually leads market recoveries. Unfortunately the housing industry remains in transition as the effects of massive foreclosures still weigh heavily. Most analysts agree that the housing market will remain wobbly for some time. The important thing to remember is that housing is a “local” issue. The maxim about housing being strongly tied to “location, location, location” still holds true. The overall housing market shows signs of trouble while there are areas that don’t follow the overall trend.
While the data usually isn’t a big market mover it still has the potential to result in some market volatility. The release usually includes remarks from the Chief Economist regarding prices, inventory, and interest rates.
Source: Todd Kabel, F&M Mortgage; Blog distribution provided by Kenneth Bargers and Bargers Solutions residential real estate services located in Nashville, Tennessee
March 21, 2011 Posted by kbargers | economy, real estate | bargers solutions, current market conditions, economic report, existing home sales, f&m mortgage, housing market, kenneth bargers, march 2011, market comment, mortgage bond prices, mortgage interest rates, Nashville, new home construction, new home sales, real estate agent, realtor, residential real estate services, tennessee, todd kabel, treasury auctions, us debt | Leave a Comment