Wednesday, February 3, 2021

8822 ALDERSHOT DR Germantown, TN 38139

Property Site: http://tour.remax-tennessee.com/home/MKTFNN/8822-ALDERSHOT-DR-Germantown-TN-10092918
Gorgeous 4BR/2.5BA Home Walking Distance to Dogwood Elementary w/Wrap Around Porch~Formal Dining Room w/Built-Ins + Formal Living Room w/Lots of Natural Light~Huge Great Room w/Fireplace & Wet Bar~Spacious Kitchen w/Tons of Cabinet Space, Granite Counters + SS Appliances~Separate Breakfast Room or Office Off Kitchen~All Bedrooms Up~Huge Master Bedroom w/Luxury En-Suite Bath + Walk-In Closet~Three Additional BRs w/Walk-In Closets + Full BA Up~Amazing Screened-In Porch & In-Ground Pool~AND MORE!
Bedrooms: 4
Bathrooms: 3
Square feet: 2,800
Price: $400,000

For more information about this property, please contact Jennifer Carstensen at 901-685-6000 or jennifer@livelovememphis.com. You can also text 6680416 to 67299 (Message and Data Rates May Apply, see terms and privacy policy).


See more listings at: jcarstensen.remax-tennessee.com


MLS ID: 10092918

https://www.facebook.com/jensellsmemphis https://twitter.com/livelovememphis https://www.youtube.com/c/jennifercarstensenmemphisrealestate

Tuesday, February 2, 2021

30 MEADOW TRAIL LN Oakland, TN 38060

Property Site: http://tour.remax-tennessee.com/home/L8FHMG/30-MEADOW-TRAIL-LN-Oakland-TN-10092840
Gorgeous 5BR/3BA Home on 1 Acre Lot~Entry Hall Welcomes You Home~Formal Dining Room w/Lots of Natural Light~Large Great Room w/Gas Fireplace & Vaulted Ceilings~Beautiful Kitchen w/Tons of Cabinets, Granite Counter Tops, SS Appliances, Pantry & Breakfast Bar + Separate Breakfast Area~Master Bedroom Down w/Sitting Area & 2 Walk-In Closets + En-Suite Luxury Bath w/2 Vanities, Jacuzzi Tub & Separate Shower~2nd BR + Full BA + Laundry Room Also Down~3 BRs + Full BA Up~Covered Patio w/Fan~AND MORE!!
Bedrooms: 5
Bathrooms: 3
Square feet: 2,600
Price: $300,000

For more information about this property, please contact Jennifer Carstensen at 901-685-6000 or jennifer@livelovememphis.com. You can also text 6677966 to 67299 (Message and Data Rates May Apply, see terms and privacy policy).


See more listings at: jcarstensen.remax-tennessee.com


MLS ID: 10092840

https://www.facebook.com/jensellsmemphis https://twitter.com/livelovememphis https://www.youtube.com/c/jennifercarstensenmemphisrealestate

3433 STONE ST Memphis, TN 38118

Property Site: http://tour.remax-tennessee.com/home/7ZB3WW/3433-STONE-ST-Memphis-TN-10092803
Large 4BR/2.5BA Brick Split Level Home~Huge Living Room + Dining Room w/Lots of Natural Light~Spacious Kitchen w/Plenty of Cabinet & Countertop Space~Great Master Bedroom on Main Level w/En-Suite Half Bath~Two Additional Bedrooms + Full Bath on Main Level~Large Great Room w/Fireplace + Wet Bar on Lower Level~Oversized 4th Bedroom or Bonus Room + Full Bath + Washer/Dryer Connections Also Down~Hardwood Floors on Main Level~AND MORE!!
Bedrooms: 4
Bathrooms: 3
Square feet: 2,200
Price: $115,000

For more information about this property, please contact Jennifer Carstensen at 901-685-6000 or jennifer@livelovememphis.com. You can also text 6677960 to 67299 (Message and Data Rates May Apply, see terms and privacy policy).


See more listings at: jcarstensen.remax-tennessee.com


MLS ID: 10092803

https://www.facebook.com/jensellsmemphis https://twitter.com/livelovememphis https://www.youtube.com/c/jennifercarstensenmemphisrealestate

Friday, January 29, 2021

Why Moving May Be Just the Boost You Need

 

Why Moving May Be Just the Boost You Need

As we look back over the past year, we’ve certainly lived through one of the most stressful periods in recent history. After spending so much more time at home throughout the health crisis, some are wondering if they should move to improve their mental health and well-being. This is no surprise since the U.S. Census Bureau reported an increase in the percentage of adults with symptoms of anxiety and depression in a recent Household Pulse Survey.

There’s logic behind the idea that making a move could improve someone’s quality of life. When people change their scenery, they often feel happier. Catherine Hartley, an Assistant Professor at New York University’s Department of Psychology and co-author of a study on how new experiences impact happiness, mentioned:

“Our results suggest that people feel happier when they have more variety in their daily routines—when they go to novel places and have a wider array of experiences.”

If you’re looking for a new experience, planning a move into a new home may be something you’ve started to consider more carefully. If so, you’re not alone. The 2020 Annual National Movers Study by United Van Lines shows:

For customers who cited COVID-19 as an influence on their move in 2020the top reasons associated with COVID-19 were concerns for personal and family health and wellbeing (60%)desires to be closer to family (59%); 57% moved due to changes in employment status or work arrangement (including the ability to work remotely); and 53% desired a lifestyle change or improvement of quality of life.”

So, if you’re thinking of moving this year to help boost your happiness factor, here are a few questions to ask yourself as you make your decision.

How’s the Weather?

Is the weather something that’s important to you? Does it have a tendency to impact your mood? The World Population Review shares:

“What states have the best weather? When evaluating each state for temperature, rain, and sun, some states stand out. Although climate and weather preferences are personal and subjective, some criteria are considered to make up the best weather, according to Current Results:

  • Comfortable temperatures from 63°F to 86°F for more than half of the year.
  • Dry weather with no more than 60 inches of rain per year.
  • Mostly clear skies with an average of sunshine for at least 60% of the year.”

“Better weather” can mean different things to different people – some prefer the heat, others cooler temperatures, and some want to experience all four seasons. Think about what makes you feel happiest if you’re looking for a new location.

Should I Choose the City, Suburbs, or Country?

With the COVID-19 pandemic, some people are deciding to move to lower-density areas. Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB), mentions:

“The third quarter Home Building Geography Index (HBGI) reveals that a suburban shift for consumer home buying preferences in the wake of the COVID-19 pandemic is accelerating as telecommuting is providing consumers more flexibility to live further out within large metros or even to relocate to more affordable, smaller metro areas.”

Can you work from home? Are you open to a longer commute in the future? If so, a move to the suburbs or even a quieter rural area may be a win for you. Or, if you’ve always dreamed of life in the city, now may be your chance to move into town.

Bottom Line

As we look beyond the trials of the pandemic, many are hoping for a new beginning, and that may mean moving. Contact a local real estate advisor today to talk about your new goals and options in today’s market.

Source: Keeping Current Matters | The KCM Crew 01292021

Wednesday, January 27, 2021

What Happens When Homeowners Leave Their Forbearance Plans?

What Happens When Homeowners Leave Their Forbearance Plans?

According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought on by the COVID-19 pandemic. Here’s where these homeowners stand right now:

  • 2,543,000 (39%) are current on their payments and have left the program
  • 625,000 (9%) have paid off their mortgages
  • 434,000 (7%) have negotiated a repayment plan and have left the program
  • 2,254,000 (35%) have extended their original forbearance plan
  • 512,000 (8%) are still in their original forbearance plan
  • 116,000 (2%) have left the program and are still behind on payments

This shows that of the almost 3.72 million homeowners who have left the program, only 116,000 (2%) exited while they were still behind on their payments. There are still 2.77 million borrowers in a forbearance program. No one knows for sure how many of those will become foreclosures. There are, however, three major reasons why most experts believe there will not be a tsunami of foreclosures as we saw during the housing crash over a decade ago:

  1. Almost 30% of borrowers in forbearance are still current on their mortgage payments.
  2. Banks likely don’t want to repeat the mistakes of 2008-2012 when they put large numbers of foreclosures on their books. This time, many will instead negotiate a modification plan with the borrower, which will enable households to maintain ownership of the home.
  3. With the significant equity homeowners have today, many will be able to sell instead of going into foreclosure.

Will there be foreclosures coming to the market? Yes. There are hundreds of thousands of foreclosures in this country each year. People experience economic hardships, and in some cases, are not able to meet their mortgage obligations.

Here’s the breakdown of new foreclosures over the last three years, prior to the pandemic:

  • 2017: 314,220
  • 2018: 279,040
  • 2019: 277,520

Through the first three quarters of 2020 (the latest data available), there were only 114,780 new foreclosures. If 10% of those currently in forbearance go to foreclosure, 275,000 foreclosures would be added to the market in 2021. That would be an average year as the numbers above show.

What happens if the number is more than 10%?

If we do experience a higher foreclosure rate from those in forbearance, most experts believe the current housing market will easily absorb the excess inventory. We entered 2020 with 1,210,000 single-family homes available for purchase. At the time, that was low and problematic. The market was experiencing high buyer demand, and we needed more houses to meet that demand. We’re now entering 2021 with 320,000 fewer homes for sale, while buyer demand remains extremely strong. This means the housing market has the capacity to soak up a lot of inventory.

Bottom Line

There will be more foreclosures entering the market later this year, especially compared to the record-low numbers in 2020. However, the market will be able to handle the increase as buyer demand remains strong.

Source: Keeping Current Matters | The KCM Crew 01282021

Tuesday, January 26, 2021

378 CHEROKEE HILLS AVE Unincorporated, TN 38058

Property Site: http://tour.remax-tennessee.com/home/3L7975/378-CHEROKEE-HILLS-AVE-Unincorporated-TN-10092392
Multiple offers received. Highest & best to be submitted by 8pm 1/26/21. Please be aware of this when showing.
Bedrooms: 3
Bathrooms: 2
Square feet: 1,200
Price: $175,000

For more information about this property, please contact Jennifer Carstensen at 901-685-6000 or jennifer@livelovememphis.com. You can also text 6667856 to 67299 (Message and Data Rates May Apply, see terms and privacy policy).


See more listings at: jcarstensen.remax-tennessee.com


MLS ID: 10092392

https://www.facebook.com/jensellsmemphis https://twitter.com/livelovememphis https://www.youtube.com/c/jennifercarstensenmemphisrealestate

Saturday, January 23, 2021

1025 JUNE RD Memphis, TN 38119

Property Site: http://tour.remax-tennessee.com/home/8MZ38Y/1025-JUNE-RD-Memphis-TN-10092276
Adorable, Must See 2BR/1.5BA Condo in Prime East Memphis Location~Condo Has Been Beautifully Renovated~Large Great Room w/Lots of Natural Light~Stunning Kitchen w/New Everything Including Cabinets, Countertops & Appliances~Washer/Dryer Combo in Kitchen~Dining Room/Breakfast Nook Off Kitchen w/Additional Cabinet Space~Spacious Master Bedroom w/En-Suite Half Bath~Second Bedroom + Full Bath~Easy Access in Back of Unit + Private Fenced-In Patio Space~Secure Gated Community + In-Ground Pool~AND MORE!
Bedrooms: 2
Bathrooms: 2
Square feet: 1,000
Price: $135,000

For more information about this property, please contact Jennifer Carstensen at 901-685-6000 or jennifer@livelovememphis.com. You can also text 6665092 to 67299 (Message and Data Rates May Apply, see terms and privacy policy).


See more listings at: jcarstensen.remax-tennessee.com


MLS ID: 10092276

https://www.facebook.com/jensellsmemphis https://twitter.com/livelovememphis https://www.youtube.com/c/jennifercarstensenmemphisrealestate