| Super Cute 3BR Home in White Station Neighborhood~Large, Open Living Room & Dining Room Combo~Nice Eat-In Kitchen w/ Lots of Cabinet Space~Great Master Bedroom w/ On-Suite Master Bath & Great Closet~Two Other Nice Sized Bedrooms~Huge Fenced-In Backyard w/ Great Landscaping~AND MORE!! | ||||||||||||||||||
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Thursday, April 2, 2015
5368 CHICKASAW RD, Memphis, TN
Wednesday, April 1, 2015
Industry Experts Agree: Housing Supply Too Low
Last week, we reported on the lack of housing supply and how that was impacting the real estate market. Today, we want to let you know what other industry experts are saying.
Daren Blomquist, RealtyTrac Vice President:
“It’s kind of a seesaw right now between supply and demand. One of the reasons for fewer sales is not so much a lack of demand but a lack of supply, especially in the price range the majority of buyers were looking for.”Diana Olick, CNBC’s Realty Check:
“Total sales are still running below expectations for the year. Don't blame winter weather, though. Blame the lack of supply.”Bill McBride, Founder of Calculated Risk:
“Inventory is still very low (down 0.5% year-over-year in February). This will be important to watch over the next month at the start of the spring buying season.”Lawrence Yun, Chief Economist at the National Association of Realtors:
“Insufficient supply appears to be hampering prospective buyers in several areas of the country and is hiking prices to near unsuitable levels. Stronger price growth is a boon for homeowners looking to build additional equity.”Realtor.com
“The National Housing Trend Report shows that inventory has decreased 10.9 percent year over year.”
And some experts are actually calling it a “seller’s market”
Forbes.com“Tight inventory is a main reason the ball is still in the sellers' court.”Bill Banfield, VP of Quicken Loans:
“We’re a bit low on the supply-side which could force prices up for buyers, further hammering home that we’re in a seller’s market.”
Bottom Line
If you are debating putting your home on the market this year, now may be the time. The number of buyers ready and willing to make a purchase is at the highest level in years. Contact a local professional in your area to get the process started.Source: The KCM Crew / Keeping Current Matters 04012015
Tuesday, March 31, 2015
115 ARBORLON, Oakland, TN
| Wonderful 4BR (or 3+Bonus) Home in Oakland~Open Floor Plan Features Huge Great Room w/ Fireplace and Formal Dining Room~Nice Eat-In Kitchen w/ New Tile Backsplash~Spacious Master Bedroom w/ On-Suite Luxury Master Bath & Walk-In Closet~Split Bedroom Floor Plan~Large 4th Bedroom or Bonus Room Upstairs~Gorgeous Backyard w/ Custom Arbor & New Fence is Perfect for Entertaining & Relaxing~New Exterior Paint~New Garage Door~New HVAC~AND MORE!! | ||||||||||||||||||
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Monday, March 30, 2015
1566 N PISGAH, Unincorporated, TN
| Don't Miss This Gorgeous 6BR Home on 4 Acre Lot w/ In-Ground Pool~Two-Story Entryway~Open Floor Plan Features Huge Great Room w/ Fireplace & Built-Ins and Formal Dining Room~Recently Updated Kitchen Features Stainless Steel Appliances & Granite Counters~Breakfast Area & Hearth Room w/ Fireplace off Kitchen~Large Master Bedroom Down w/ On-Suite Bath Features Claw Foot Tub, Separate Shower & Walk-In Closet~Loft Features Built-In Office Desk & Shelves~4 Bedrooms (or 3+Bonus) Up~AND MORE!! | ||||||||||||||||||
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Friday, March 27, 2015
3640 CEDELL, Memphis, TN
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Wednesday, March 25, 2015
Amazing 8 Houses That Don’t Seem Real, But They Are!
Credit: JSome1, photographer
If you’re looking for a rock-solid investment, how about this house in Portugal? Situated between two giant boulders, the house walls are formed of mortared masonry, and the living area is covered by concrete tile roofing. Fireproof, windproof, and impervious to insects, a house like this might qualify you for lower homeowners insurance rates.
Credit: ColdWarMissileSilo.com
Credit: Brian “Ziggy” Liloia and April Morales / photograph by Stephen Shapiro
With its green roof and rural flavor, this 200-square-foot cottage in Missouri has its, um, roots in the centuries-old art of cob construction—earthen walls formed of clay, sand, and straw. Cost of construction was about $4,000, or a modest $20 per square foot. Of course it includes a mudroom addition.
Credit: Robert Elzey
Credit: Greg Borman
Credit: Stephen Bender at MW Bender Architecture
Thursday, December 4, 2014
Are Home Prices Really Falling?
We have seen this headline before.
Source: Keeping Current Matters, KCM Crew, December 1, 2014, First Time Home Buyers, For Buyers, Move-Up Buyers
“Broad-based Slowdown for Home Prices”
And though it is true, we must understand the story behind the headline. Case Shiller reports on the year-over-year difference in home values. Their latest report revealed that the rate of appreciation has slowed – not that prices are falling!! Here is exactly what they said:
“The 20-City Composite gained 4.9% year-over-year, compared to 5.6% in August.”
Prices are still up this month over last year’s values (4.9%) just not as much as they were last month (5.6%).
Home Prices are NOT Falling. Home Prices Continue to Rise!
As a matter of fact, the latest Home Price Expectation Survey by Pulsenomics (a survey of a nationwide panel of over one hundred economists, real estate experts and investment & market strategists) showed that home prices will continue to appreciate for the next several years.
Bottom Line
Both first time buyers and families thinking of moving-up to their dream home can be assured that their investment in their new home makes sense.
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