Middle Tennessee Beauty… a place to call home!

03_TNHometour--2_mlsMiddle Tennessee Beauty
a place to call home

207 Thoma Lane, Manchester TN
MLS 1915634  |  $1,295,000

Just listed and back on the market for spring this impressive luxury custom home with 25-acres surrounded by 250-acres of TVA land.
Built 2009 | 7,267 s.f. | 25-acres | 5 bed | 4/1 bath | 5-car garage

Details
view Website  view Video  View MLS 1915634

Exclusively Marketed by
Kenneth Bargers, REALTOR® | Pilkerton Realtors
(615) 512-9836 cellular | (615) 371-2474 office
kb@bargers-solutions.com email | bargers-solutions.com web
2 Cadillac Drive, Brentwood TN 37027 address

#luxuryhomes #luxuryrealestate #nashvillerealestate

Beautiful Renovated Ranch Just Listed in Kensington Park of Priest Lake

3821Hillshire WPimagesRenovated Ranch in
Popular Neighborhood

3821 Hillshire Drive
Antioch, Tennessee 37013

MLS 1911684 | Area 8
Kensington Park of Priest Lake
offered at $319,900
Built 1986 | .43 Acre | 2,274 s.f.
3 Bed | 2 Bath | 2-Car Garage

Terrific home, renovation and neighborhood. Wonderful floor plan – entry leads to Great Room flowing into Dining Room, Kitchen, Sun Room. All bedrooms and main hallway on right side of home. Outdoor entertaining includes expansive deck, hot tub and above ground pool. Deep 2-car garage. Fenced back yard. A must see! Please view Property MLS Listing Sheet for details.

Owner Enhancements
Numerous upgrades in the home and lot completed by the current owners. Please view 3821Hillshire OwnerEnhancements for details.

Exclusively marketed by
Kenneth Bargers, REALTOR® Lic 318311
Pilkerton Realtors Lic 256352
(615) 512-9836 cellular
(615) 371-2474 office
kb@bargers-solutions.com email
http://www.bargers-solutions.com web
2 Cadillac Drive, Brentwood TN 37027 office

Greater Nashville Housing Market Remains Strong; Market Strength Brings Challenges

Greater Nashville Housing Market Remains Strong
Market Strength Brings Challenges
by Kenneth Bargers, REALTOR® | January 27, 2018

Photo by Hatcher & FellThe Greater Nashville area continues to be one of the hottest real estate markets in the United States. A continued strong economy pushed momentum in 2016, the values and home sales continued to increase throughout 2017 and ended the second half of 2017 as a consistent monthly housing market in the nation. Several industry and data tracking entities named Nashville among their Top 20 housing markets for 2017.

Due to the reputation of the “It City”, relocation is heavy to Middle Tennessee and with this popularity comes shortages in housing inventory. Existing-home and new construction inventory struggle to keep pace with the number of buyers. Housing inventory remained a concern throughout 2017 and forecasted to be a challenge for 2018. Corporate and company expansion of new facilities are in place for 2018 bringing employment additions to Middle Tennessee – adding additional pressure for housing availability to the already strong Greater Nashville destination. Addressing the housing inventory will be one of 2018’s priorities with the current popularity of Greater Nashville and Partnership 2020’s continued aggressive pursuit of future business placements and attractions.

Demand for housing also adds as an influence factor on the value of home prices. Increased home values in 2017 will continue in 2018 per current indicators. With increased home values also comes the challenge of home ownership affordability within segments of our population. Of course, the success of national economic guidelines and policies will contribute as a factor in the local up or downturn of our housing market.

Overall, a strong economy, attractive mortgage rates, appeal of Middle Tennessee, along with the desire of home ownership as part of the American Dream should bring another impressive year of housing market production.

www.bargers-solutions.com

2017 Best Year on Record for Middle Tennessee Housing

2017 Best Year on Record for Middle Tennessee Housing
Greater Nashville REALTORS® Press Release, January 8, 2018

Nashville Houses 1000NASHVILLE, Tenn. (Jan. 8, 2018) – There were 3,246 closings during the month of December, according to figures provided by Greater Nashville REALTORS®. This is a 1 percent decrease from the 3,280 closings reported for the same period in 2016.

Fourth quarter closings were 9,690 for the Middle Tennessee area. That total is a 1.1 percent increase from the 9,582 closings during the fourth quarter of 2016.

Final numbers for 2017 indicate there were 40,482 homes sold in the region, breaking the 2006 record of 40,056 closings. Compared to the 38,954 closings in 2016, the total sales for 2017 were up 3.9 percent.

“2017 was a record-setting year in many ways for Middle Tennessee’s housing market,” said Greater Nashville REALTORS® President Sher Powers. “From single month sales records to new highs in median price, buyers and sellers worked together to boost our market. All of this activity resulted in our region experiencing the best year on record for home sales.”

“Until now, 2006 had been the strongest year for real estate with 40,056 closings,” said Powers. “Despite uncertainty regarding tax reform and low inventory, buyers and sellers were determined to reach their real estate goals, whether that was through home ownership, real estate investment or any of the other avenues of real estate.”

There were 2,471 sales pending at the end of December, compared with 2,209 pending sales at this time last year. The average number of days on the market for a single-family home was 30 days.

The median price for a residential single-family home was $294,000, and for a condominium it was $209,450. This compares with last year’s median residential and condominium prices of $266,408 and $180,000, respectively.

Inventory at the end of December was 9,011 down from 9,330 in December 2016.

“Though we know there will be challenges in the market this year, our market has a solid foundation,” said Powers. “For anyone looking to take action – buying, selling or leasing – options will be available. Making the choice to work with a REALTOR®, a real estate professional with market expertise, will be a competitive advantage for consumers.”

### Greater Nashville 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 REALTORS®, Press Release 010818

Mortgage Rates Ring in New Year With a Dip

Mortgage Rates Ring in New Year With a Dip
Freddie Mac   article by Daily Real Estate News | January 5, 2018

rates010518

Borrowers kicked off 2018 with a mortgage rate drop. The 30-year fixed-rate mortgage is now down a quarter of a percentage point from a year ago.

“Treasury yields fell from a week ago, helping to drive mortgage rates down to start the year,” says Len Kiefer, Freddie Mac’s deputy chief economist. “The 30-year fixed-rate mortgage fell four basis points from a week ago to 3.95 percent in the year’s first survey. Despite increases in short-term interest rates, long-term interest rates remain subdued.”

The spread between the 30-year fixed-rate mortgage and five-year hybrid adjustable-rate mortgage is at the lowest since 2009, Kiefer says.

Freddie Mac reports the following national averages with mortgage rates for the week ending Jan. 4:

  • 30-year fixed-rate mortgages: averaged 3.95 percent, with an average 0.5 point, dropping from last week’s 3.99 percent average. Last year at this time, 30-year rates averaged 4.20 percent.
  • 15-year fixed-rate mortgages: averaged 3.38 percent, with an average 0.5 point, dropping from last week’s 3.44 percent average. A year ago, 15-year ARMs averaged 3.44 percent.
  • 5-year ARMs: averaged 3.45 percent, with an average 0.4 point, falling from last week’s 3.47 percent average. A year ago, 5-year ARMs averaged 3.33 percent.

Source: Freddie Mac; REALTOR® Magazine Online, Daily Real Estate News 010518

FHA to Increase Loan Limits in 2018

FHA to Increase Loan Limits in 2018
FHA   article by Daily Real Estate News | December 11, 2017

handsFollowing on the heels of the Federal Housing Finance Agency, the Federal Housing Administration announced that it will increase its loan limits in most areas of the country in 2018. The FHFA had announced new limits for loans eligible for purchase or guarantee by Fannie Mae and Freddie Mac on Nov. 28.

In high-cost areas of the country, the FHA’s ceiling on loan limits will rise from $636,150 to $679,650, according to the Department of Housing and Urban Development. In addition, the national mortgage limit for FHA-insured reverse mortgages—known as home equity conversion mortgages—will rise from $636,150 to $679,650.

The FHFA calculates new limits each year based on median home prices.

The FHA loan limits will rise in 3,011 counties but will remain unchanged in 223. Fannie Mae and Freddie Mac’s new conforming loan limits for 2018 will be $453,100 for conforming loans and $679,650 for jumbo loans in some high-cost areas. The new limits for the FHA and the FHFA will take effect on Jan. 1.

Source: U.S. Department of Housing and Urban Development; REALTOR® Magazine Online, Daily Real Estate News 121117


Kenneth Bargers, REALTOR® License 318311 ♦ Pilkerton Realtors License 257352
(615) 512-9836 cellular ♦ (615) 371-2474 office
kb@bargers-solutions.com emailkb@kennethbargers.realtor email
www.bargers-solutions..com webkennethbargers.com blog
2 Cadillac Drive, Brentwood, Tennessee 37027 address

Happy Holidays from 207 Thoma Lane

207Thoma HappyHolidays2017


Kenneth Bargers, REALTOR® License 318311 ♦ Pilkerton Realtors License 257352
(615) 512-9836 cellular ♦ (615) 371-2474 office
kb@bargers-solutions.com emailkb@kennethbargers.realtor email
www.bargers-solutions..com webkennethbargers.com blog
2 Cadillac Drive, Brentwood, Tennessee 37027 address