Monthly Archives: February 2018
Baby Boomers Finding Freedom In Retirement
Within the next five years, Baby Boomers are projected to have the largest household growth of any other generation during that same time period, according to the Joint Center for Housing Studies of Harvard. Let’s take a look at why… In a recent Merrill Lynch study, “Home in Retirement: More Freedom, New Choices” they surveyed nearly 6,000 adults ages 21... Read More
5 Reasons Homeownership Makes ‘Cents’
The American Dream of homeownership is alive and well. Recent reports show that the US homeownership rate has rebounded from recent lows and is headed in the right direction. The personal reasons to own differ for each buyer, but there are many basic similarities. Today we want to talk about the top 5 financial reasons you should own... Read More
Brentwood Named Safest City in Tennessee By Safety Group
A national trade organization dedicated to home safety and security has just issued a report that names Brentwood the safest city in Tennessee for 2018. The National Council for Home Safety and Security says it compiles its reports based on the FBI crime statistics, as well as its “own population data and internal research.” Brentwood... Read More
Expedia Names Franklin Top Staycation City
Franklin may have been founded in 1799, but did you know that this historical hub almost became its own state in 1788? Although that didn’t pan out, Franklin is still home to a unique culture, with a balance of old-school sights and contemporary arts and cuisine. So, stop... Read More
Low Inventory Pushes Home Prices Higher
According to CoreLogic’s latest Home Price Index, prices appreciated by 6.9% year-over-year from December 2016 to December 2017 on a national level. This marks the fifth month in a row with at least a 6.9% increase. Dr. Frank Nothaft, Chief Economist for CoreLogic, gave insight into the reason behind the large appreciation, “The number of... Read More
Nashville ranked third in US for home price appreciation in 2017.
Mike Reicher, USA TODAY NETWORK –Feb. 12, 2018 The metro area had the third-highest home price appreciation among the nation’s largest markets, at 12.5 percent, and sellers saw the largest profits here since at least 2000. Year-end data released by the real estate company ATTOM Data Solutions showed Nashville continued to bask in the glow of... Read More
WHERE ARE MORTGAGE INTEREST RATES HEADED IN 2018…?
The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Above is a chart created using Freddie Mac’s U.S. Economic... Read More
Bidding Wars Abound… How Long Will They Continue?
Just like with any product or service, the law of supply and demand impacts home prices. Any time that there is less supply than the market demands, prices increase. In many areas of the country, the supply of homes for sale in the starter and trade-up home markets is so low that bidding wars have ensued, and... Read More