You Can’t Blame Bush for the Economy

March 1, 2009 by admin · 13 Comments 

I normally write a very straight forward, non-opinionated blog, but today I digress. I simply cannot take hearing one more person blaming the Bush administration for today’s current economic recession. Yes, the Bush administration did contribute, but the whole chain of events was set in motion by the Clinton administration. In fact, I can tell [...]

Tennessee Realtors Look For Another Job

February 2, 2009 by admin · Leave a Comment 

 The number of Realtors and Associate members of the Tennessee Association of Realtors dropped by 1,854 in one month, between the end of 2008 and the end of January of 2009 …from 25,161 to 23,307, a one-month drop of over 7%. One year ago, the number of Realtors and Associate members in the Tennessee Association [...]

12 Nashville Real Estate Predictions for 2009

November 27, 2008 by admin · 1 Comment 

One of the many tasks my clients expect me to be able to do is to predict what is going to happen with home prices, appraisal values, and time on the market. I only wish that I had a crystal ball to be able to advise them 100% accurately, but unfortunately, that tool does not [...]

Nationally, Many Homeowners are "Underwater"

November 2, 2008 by admin · 1 Comment 

According to a report by First American CoreLogic, at least 7.5 million American homeowners are “underwater borrowers,” meaning they owe more on their mortgages than their homes are currently worth. This is called negative equity, and the report shows an additional 2.1 million people are on the brink of falling into it. Their homes are [...]

Nashville Mortgage Rates Jump Amid Financial Turmoil

September 30, 2008 by admin · Leave a Comment 

Freddie Mac’s Primary Mortgage Market Survey showed the 30-year fixed-rate mortgage (FRM) averaging 6.09% with an average 0.7% for the week ending September 25, 2008, up from the prior week when it averaged 5.78%. Last year at this time, the 30-year FRM averaged 6.42%.The 15-year FRM on Friday averaged 5.77% with an average 0.6 point, [...]

Nashville Mortgage Rate at 7 Month Low

September 23, 2008 by admin · Leave a Comment 

Freddie Mac reports a decline in the 30-year fixed mortgage rate to 5.78% during the week ended September 18 from 5.93% the prior week, marking the lowest level in seven months. During the same period, the 15-year mortgage rate dropped to 5.35% from 5.54%. Meanwhile, interest on five-year adjustable mortgages slipped to 5.67% from 5.87%; [...]

Mortgage Rates Edge Below 6%

September 16, 2008 by admin · Leave a Comment 

For the first time since early spring, mortgage rates have fallen below the 6-percent threshold. Freddie Mac reports that 30-year fixed loans came in at an average of 5.93% last week, down from 6.35% a week earlier and 6.31% at the same time last year. A borrower taking out a $200,000 mortgage at 5.93% would [...]

U.S. Seizes Control of Freddie & Fannie

September 8, 2008 by admin · Leave a Comment 

The federal bailout of Fannie Mae and Freddie Mac involves putting the companies under conservatorship and placing the Federal Housing Finance Agency in charge of their operations and appointment of senior managers. The government has dismissed Fannie Mae and Freddie Mac’s CEOs – who will, however, assist in the transition – and will provide capital, [...]