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Nashville among the 10 Best Cities for Home Owners

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Nashville among the 10 Best Cities for Home Owners
Article by Daily Real Estate News | September 02, 2016

HomeFrontFlagIt’s important that during a home search your clients consider what it would be like to live in a location and in housing where they can feel comfortable in the long-term.

Just buying a home should not be the ultimate endgame. “Successful ownership should be the goal,” says Lawrence Yun, chief economist with the National Association of REALTORS®.

To find the cities in the U.S. where owners had the best shot at successful long-term home ownership, Bankrate looked at a variety of factors including neighborhood characteristics, property taxes, utility costs, foreclosure rates, maintenance costs, affordability, energy costs, and more.

These are their picks for the 10 best cities for home owners:

  1. Portland
  2. Phoenix
  3. Atlanta
  4. Las Vegas
  5. Minneapolis-St. Paul
  6. Indianapolis
  7. Salt Lake City
  8. Denver
  9. Louisville
  10. Nashville

Source: “The Best and Worst Cities for Homeowners,” Bankrate (Aug. 31, 2016); REALTOR® Magazine Online, Daily Real Estate News 090216

KENNETH BARGERS REALTOR® License 318311 | Pilkerton Realtors License 257352
(615) 512-9836 cellular • (615) 915-5901 facsimilekb@bargers-solutions.com email
bargers-solutions.com webkennethbargers.com blogSearch Properties
(615) 371-2474 office • (615) 371-2475 facsimile • 2 Cadillac Drive, Brentwood TN 37027 address

August 2016’s 20 Hottest Housing Markets

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August 2016’s 20 Hottest Housing Markets
realtor.com | August 25, 2016

NashvilleSkyBridge130x210Housing is sizzling in the last few weeks before the end of summer. According to Realtor.com®, it’s the “hottest August in a decade” for real estate.

Homes are selling 2 percent more quickly than a year ago and prices are reaching new highs. The median home was listed for $250,000 on realtor.com®, which is 8 percent higher than a year ago.

Realtor.com®’s research team did its annual checkup on housing markets across the country to identify which metros are seeing homes sell the fastest and garnering the most listing views (based on realtor.com® traffic). New cities added to its list this month included Kennewick, Wash., and Waco, Texas. Detroit also notably moved up in the rankings this month, up four spots to land in the top 10.

Here are the 20 real estate markets that topped realtor.com®’s list in August:

  1. Vallejo, California
  2. Dallas, Texas
  3. Denver, Colorado
  4. San Francisco, California
  5. Stockton, California
  6. San Diego, California
  7. Columbus, Ohio
  8. Waco, Texas
  9. Detroit, Michigan
  10. Sacramento, California
  11. Fort Wayne, Indiana
  12. Yuba City, California
  13. Modesto, California
  14. San Jose, California
  15. Fresno, California
  16. Colorado Springs, Colorado
  17. Santa Cruz, California
  18. Kennewick, Washington
  19. Santa Rosa, California
  20. Nashville, Tennessee

Source: “America’s 20 Hottest Markets for Real Estate in August 2016,” realtor.com® (Aug. 25, 2016); REALTOR® Magazine Online, Daily Real Estate News 082516

KENNETH BARGERS REALTOR® License 318311 | Pilkerton Realtors License 257352
(615) 512-9836 cellular • (615) 915-5901 facsimilekb@bargers-solutions.com email
bargers-solutions.com webkennethbargers.com blogSearch Properties
(615) 371-2474 office • (615) 371-2475 facsimile • 2 Cadillac Drive, Brentwood TN 37027 address

Nashville Among The 20 Hottest Housing Markets for July 2016

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Nashville Among The 20 Hottest Housing Markets for July 2016
Article by Daily Real Estate News | July 28, 2016

ParthenonCornerJuly 2016 may end up as a month for the record books. According to new realtor.com® data, the U.S. is seeing the hottest July for home buying and selling in a decade.

“The best spring in a decade has transitioned into the hottest summer in a decade,” says Jonathan Smoke, realtor.com®’s chief economist. “Pent-up demand left over from tight supply for two years against the backdrop of mortgage rates remaining near three-year lows have encouraged buyers to keep active at a time when sales usually begin to decline.”

Smoke estimates that properties spent a median of 68 days on the market in July, and the median home price is $251,000, a record price for the month and 7 percent higher than a year ago.

In certain markets, housing markets are especially sizzling. Realtor.com®’s research team took a look at the number of days homes spent on the market, the measure of available supply, and the number of listing views on realtor.com® (to represent demand). They then identified the following 20 medium-to-large U.S. markets where homes are selling the fastest:

  1. Vallejo, CA
  2. Dallas, TX
  3. Denver, CO
  4. San Francisco, CA
  5. Stockton, CA
  6. Columbus, OH
  7. San Diego, CA
  8. Santa Cruz, CA
  9. Sacramento, CA
  10. Santa Rosa, CA
  11. Yuba City, CA
  12. Modesto, CA
  13. Detroit, MI
  14. Fort Wayne, IN
  15. San Jose, CA
  16. Colorado Springs, CO
  17. Fresno, CA
  18. Eureka, CA
  19. Nashville, TN
  20. Ann Arbor, MI

Source: “America’s 20 Hottest Real Estate Markets for July 2016,” realtor.com® (July 28, 2016); REALTOR® Magazine Online, Daily Real Estate News 072816

KENNETH BARGERS REALTOR® License 318311 | Pilkerton Realtors License 257352
(615) 512-9836 cellular • (615) 915-5901 facsimilekb@bargers-solutions.com email
bargers-solutions.com webkennethbargers.com blogSearch Properties
(615) 371-2474 office • (615) 371-2475 facsimile • 2 Cadillac Drive, Brentwood TN 37027 address

Nashville among the 10 Hot Housing Markets for Singles

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10 Hot Housing Markets for Singles
Article by Daily Real Estate News | February 12, 2016

In some cities, love and real estate could make a perfect match. Realtor.com®’s research team recently identified the cities that attract singles with low employment, affordable housing, and a wide range of fun activities.

“These markets are not simply places with a high number of singles; in fact, the raw share of singles in these markets combined is about the same as the U.S. average,” says Javier Vivas, a realtor.com economic research analyst. “What really distinguishes this set are the more favorable conditions singles face when it comes to home ownership. Some of those right ingredients include solid job creation, rational price appreciation, and varied amounts of affordable inventory.”

The following cities boast 20 to 50 percent more single-owned households compared to the rest of the nation. Also, median list prices are more affordable for residents earning the median income, and unemployment rates are near or less than the national average of 5 percent.

Realtor.com® identified the following cities as the “best cities for singles looking for love and real estate.”

Hottest-Cities-for-Singles-

Visit realtor.com® to learn more about these top 10 single cities and the best date ideas in each of the top 10 locales too.

Source: “Best Cities for Singles Looking for Love and Real Estate,” realtor.com® (Feb. 10, 2016); REALTOR® Magazine Online, Daily Real Estate News 021216

Kenneth Bargers, REALTOR® | Pilkerton Realtors
(615) 512-9836 cellular (615) 371-2474 office kb@bargers-solutions.com email
www.bargers-solutions.com web kennethbargers.com blog
2 Cadillac Drive, Brentwood Tennessee address

Need a home? visit Search for Properties
Do you need marketing assistance for special projects or contract assignments? visit the Marketing page of Bargers Solutions

The 20 Hottest U.S. Real Estate Markets in January 2016

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The 20 Hottest U.S. Real Estate Markets in January 2016
Article by realtor.com | February 1, 2016

Nashville 101Nashville continues to be one of the nation’s hot real estate markets launching January 2016 as a very active month of residential home sales

After a December that was unseasonably balmy for a large swath of the East Coast, January saw a return to winter norms: frigid temperatures and mountains of snow (even in the drought-parched West, thanks to El Niño). Real estate markets around the country also followed the regular January pattern, according to realtor.com® data: fewer homes on the market, and those that are for sale move like semi-frozen molasses. But just like the seeds that are waiting to sprout once temperatures warm up (hey, is it April yet?), we’re seeing signs that buyers are getting ready to jump into the market this year when the time is right.

“Our initial readings on January affirm the positive growth we expect to see in the residential real estate market in 2016,” says Jonathan Smoke, chief economist of realtor.com. “Our traffic, searches and listing views exhibited the January ‘pop’ we saw last year, which made for a strong spring. In addition, a large number of prospective buyers have been telling us since the second half of 2015 that they plan to purchase in the spring and summer of 2016.”

For now, buyers have fewer choices than they will later in the year, but of course there’s also less competition. Smoke expects listing inventory for January to trend down 7% over December, following the usual winter pattern. The median age of inventory is now 100 days, which means it’s taking homes 6% longer to sell in January than in December, but that’s still 4% faster when compared with January 2015.

The median listing price for January is estimated at $227,000, remaining virtually flat over December, but still up 8% year over year.

By analyzing listing views and age of inventory in the nation’s largest markets, Smoke’s team was able to identify the top 20 that are beating the winter chill. Listings in these markets are viewed two to five times more often than the national average, and houses move 30 to 50 days more quickly than the rest of the U.S. They have also seen days on market drop by a combined average of 7% year over year.

San Francisco retains the first spot this month—again—as California maintains its dominance with seven of the top 10 markets. One surprise: Nashville is the biggest gainer, moving up six spots to end at No. 7. Also, Texas and Florida now feature multiple markets on the list. Overall, Florida real estate markets just keep getting hotter, and the state will give California a run for its money in 2016 as the warm-weather housing market to beat. Maybe.

The hot list

  1. San Francisco, CA
  2. San Jose, CA
  3. Dallas, TX
  4. Vallejo, CA
  5. San Diego, CA
  6. Sacramento, CA
  7. Nashville, TN
  8. Stockton, CA
  9. Denver, CO
  10. Los Angeles, CA
  11. Santa Rosa, CA
  12. Oxnard, CA
  13. Palm Bay, FL
  14. Yuba City, CA
  15. Modesto, CA
  16. Detroit, MI
  17. Midland, TX
  18. Santa Cruz, CA
  19. Tampa, FL
  20. Fort Wayne, IN

Source: Cicely Wedgeworth, realtor.com

Kenneth Bargers, REALTOR® | Pilkerton Realtors
(615) 512-9836 cellular (615) 371-2474 office kb@bargers-solutions.com email
www.bargers-solutions.com web kennethbargers.com blog
2 Cadillac Drive, Brentwood Tennessee address

Need a home? visit Search for Properties
Do you need marketing assistance for special projects or contract assignments? visit the Marketing page of Bargers Solutions

20 Markets Ending 2015 on a High Note

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20 Markets Ending 2015 on a High Note
Article by Daily Real Estate News | December 29, 2015

Nashville-Skyline-Dreamstim

Residential real estate overall may have cooled as 2015 comes to a close, but the slowdown wasn’t evident everywhere.

Realtor.com®’s research team identified the top 20 medium-to-large markets where homes are selling the fastest and demand remains high (based on the site’s listing views). Topping the list for the second consecutive month is San Francisco, followed by San Jose.

“While California closed out our latest ranking still firmly in control of the hottest markets, the Midwest and Florida are both seeing substantial improvement,” says Jonathan Smoke, realtor.com®’s chief economist. “Pent-up demand and robust economic growth combined with limited supply will keep California tight in 2016, but more markets will challenge them as demand improves elsewhere.”

A few markets that are newcomers to realtor.com®’s list this month are Tampa, Fla.; Fort Wayne, Ind.; and Midland, Texas.

The following “hot” markets in December garnered about 1.4 to 2.9 times more views per listing than the national average at realtor.com®. Also, homes in these locales sold 29 to 51 days faster than the rest of the country.

  1. San Francisco
  2. San Jose, Calif.
  3. Vallejo, Calif.
  4. Dallas
  5. Sacramento, Calif.
  6. San Diego
  7. Denver
  8. Santa Rosa, Calif.
  9. Yuba City, Calif.
  10. Stockton, Calif.
  11. Los Angeles
  12. Oxnard, Calif.
  13. Nashville
  14. Palm Bay, Fla.
  15. Modesto, Calif.
  16. Detroit
  17. Boulder, Colo.
  18. Tampa, Fla.
  19. Fort Wayne, Ind.
  20. Midland, Texas

Source: “The Hottest U.S. Housing Markets in December 2015,” realtor.com(R) (Dec. 28, 2015); REALTOR® Magazine Online, Daily Real Estate News 122915

Kenneth Bargers, REALTOR® | Pilkerton Realtors
(615) 512-9836 cellular (615) 371-2474 office kb@bargers-solutions.com email
www.bargers-solutions.com web kennethbargers.com blog
2 Cadillac Drive, Brentwood Tennessee address

Need a home? visit Search for Properties
Do you need marketing assistance for special projects or contract assignments? visit the Marketing page of Bargers Solutions

Nashville Area Ranks Top 10 for Real Estate to Appreciate

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10 Markets Most Likely to Appreciate 

Forbes magazine turned to real estate research firm Local Market Monitor to figure out which markets have the greatest likelihood of price appreciation because they offer a mix of jobs weighted toward growth industries. 

These are the top markets, the research company concludes

  1. Raleigh-Cary, N.C.
  2. McAllen-Edinburg-Mission, Texas
  3. Austin-Round Rock, Texas
  4. Nashville-Davidson-Murfreesboro-Franklin, Tenn.
  5. San Antonio, Texas
  6. Colorado Springs, Colo.
  7. Albuquerque, N.M.
  8. Denver-Aurora-Broomfield, Colo.
  9. Springfield, Mo.
  10. Indianapolis-Carmel, Ind.

Source: Forbes, Francesca Levy (09/13/2010)

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