Video: 10 Biggest Mistakes Home Sellers Make

March 2, 2010 by admin · View Comments 

Most of you know that I am not the type of real estate agent who typically reposts and regurgitates a bunch of videos, but I have to make an exception. This video is very well done, points out all of the obvious mistakes that some sellers continually make and is entertaining all at the same [...]

Warren Buffett Predicts End of Housing Crisis

March 1, 2010 by admin · View Comments 

According to Bloomberg News, Billionaire Warren Buffett said the U.S. residential real estate slump will end by about 2011, predicting that’s how long it will take demand for homes to catch up with the supply. “Within a year or so, residential housing problems should largely be behind us,” Buffett wrote on February 27 in his [...]

November Nashville Mortgage Rate Update

November 3, 2009 by admin · View Comments 

Freddie Mac reports that Nashville mortgage rates continued to drift higher last week, with average interest of 5.03 percent on a 30-year fixed loan – up o.o3 percent from a flat 5 percent the previous week. The government-sponsored enterprise reports that 30-year fixed rates have been hovering around the 5 percent mark as a result [...]

FHA Minimum Loan Down Payments May Raise to 5 Percent

October 2, 2009 by admin · View Comments 

Scott Garrett, a New Jersey Congressman, introduced legislation today in the US House of Representatives that would raise the minimum FHA loan down payments to 5 percent. Currently, the minimum requirement to obtain a federally backed loan is 3.5 percent. The move comes as record-high delinquencies drive the FHA’s reserve fund below 2 percent of [...]

Nashville Real Estate Market Analysis – July 2009

August 28, 2009 by admin · View Comments 

The Middle Tennessee MLS (Realtracs) just released July 2009 stats. The following graph and analysis are based upon the residential single family homes and condos market. As you may recall in June, closings dramatically increased over May’s numbers. Did July continue to make an impression? Total Inventory (Okay, Getting Better) Inventory levels continued to slightly [...]

Existing Home sales up 7% in July

August 22, 2009 by admin · View Comments 

Nationwide existing home sales rose 7.2 percent in July - the first time in five years sales have increased 4 consecutive months and the first time in a decade the month over month gain was over 6 percent, according to a report released Friday. In addition, Nashville has experienced positive price appreciation for 3 consecutive months. The [...]