Posts Tagged ‘tennessee’
Concord Forest Roomy Ranch
KENNETH BARGERS REALTOR® License 318311 | Pilkerton Realtors License 257352
(615) 512-9836 cellular • (615) 915-5901 facsimile • kb@bargers-solutions.com email
bargers-solutions.com web • kennethbargers.com blog • Search Properties
(615) 371-2474 office • (615) 371-2475 facsimile • 2 Cadillac Drive, Brentwood TN 37027 address
a great opportunity to own this Normandy Lake dream home
KENNETH BARGERS REALTOR® License 318311 | Pilkerton Realtors License 257352
(615) 512-9836 cellular • (615) 915-5901 facsimile • kb@bargers-solutions.com email
bargers-solutions.com web • kennethbargers.com blog • Search Properties
(615) 371-2474 office • (615) 371-2475 facsimile • 2 Cadillac Drive, Brentwood TN 37027 address
Normandy Lake Luxury Home Coming Soon!
Normandy Lake Luxury Home Coming Soon!
8,000 s.f. custom-home with 25-private acres and lake easement; 5 Bed, 4/1 Bath, 5-Car Garage… Middle Tennessee artisans contributed to woodwork, stained glass and murals throughout the home.
This is a rare offering for southern Middle Tennessee. Expected launch date mid-to-late February 2017. Please contact me if interested for further details.
KENNETH BARGERS REALTOR® License 318311 | Pilkerton Realtors License 257352
(615) 512-9836 cellular • (615) 915-5901 facsimile • kb@bargers-solutions.com email
bargers-solutions.com web • kennethbargers.com blog • Search Properties
(615) 371-2474 office • (615) 371-2475 facsimile • 2 Cadillac Drive, Brentwood TN 37027 address
Mortgage Rates Start the Year Lower
Mortgage Rates Start the Year Lower
Article by Daily Real Estate News | January 6, 2017
Borrowing costs moved lower this week. But most economists aren’t predicting the trajectory to continue.
This marked the first time in 10 weeks that mortgage rates moved lower, Freddie Mac reports.
“The 30-year mortgage rate fell this week for the first time since the presidential election, dropping 12 basis points to 4.20 percent,” says Sean Becketti, Freddie Mac’s chief economist. “This marks the first time since 2014 that mortgage rates opened the year above 4 percent. Despite this week’s breather, the 66-basis point increase in the mortgage rate since November 3 is taking its toll — the MBA’s refinance index plunged 22 percent this week.”
Freddie Mac reports the following national averages with mortgage rates for the week ending Jan. 5:
- 30-year fixed-rate mortgages: averaged 4.20 percent, with an average 0.5 point, dropping from last week’s 4.32 percent average. Last year at this time, 30-year rates averaged 3.97 percent.
- 15-year fixed-rate mortgages: averaged 3.44 percent, with an average 0.5 point, falling from last week’s 3.55 percent average. A year ago, 15-year rates averaged 3.26 percent.
- 5-year hybrid adjustable-rate mortgages: averaged 3.33 percent, with an average 0.4 point, rising from last week’s 3.30 percent average. A year ago, 5-year ARMs averaged 3.09 percent.
Source: Freddie Mac; REALTOR® Magazine Online, Daily Real Estate News 010617
KENNETH BARGERS REALTOR® License 318311 | Pilkerton Realtors License 257352
(615) 512-9836 cellular • (615) 915-5901 facsimile • kb@bargers-solutions.com email
bargers-solutions.com web • kennethbargers.com blog • Search Properties
(615) 371-2474 office • (615) 371-2475 facsimile • 2 Cadillac Drive, Brentwood TN 37027 address
Townhome Construction is Booming
Townhome Construction is Booming
Article by Daily Real Estate News | November 21, 2016
Townhouse construction continued to make gains in the third quarter on a year-over-year basis. Starts of townhomes totaled 94,000, a more than 10 percent year-over-year gain in the third quarter of this year, Census data showed.
The market share of new townhouses was at 12.4 percent of all single-family starts in the third quarter, near the cycle high, the National Association of Home Builders reports in its analysis of the data. The townhome market reached its last peak in the first quarter of 2008, when it comprised 14.6 percent of total single-family construction.
NAHB predicts townhouse construction continue to make gains in the coming years, although with occasional ups and downs.
“The long-run prospects for townhouse construction are positive given the large numbers of home buyers looking for medium density residential neighborhoods, such as urban villages that offer walkable environments and other amenities,” the NAHB noted on its blog, Eye on Housing.
Source: “Townhouse Construction in the Third Quarter,” National Association of Home Builders’ Eye on Housing blog (Nov. 18, 2016); REALTOR® Magazine Online, Daily Real Estate News 112116
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