Green Hills Real Estate Sales for Jan 2010 were as follows
- 10 Green Hill Homes were sold in January
- 15 homes are under contract at the end of the month
- 192 homes are available and not under contract
- The average size of Green Hills homes sold was 4129 square ft
- The average sales price of Green Hills homes sold in January was $780,490
- The average sold price to list price comparison was 96 percent
Click here to search for Green Hills Homes.
Nashville Foreclosures low compared to national Average - According to data released by First American CoreLogic, The foreclosure rate in the Nashville-Davidson-Murfreesboro-Franklin area again ticked up in December,
1.43 percent of area homes were in foreclosure in December, an increase of .77 percentage points over December 2008. The area foreclosure rate is still well below the national average of 3.16 percent.
Click here to search for Nashville Real Estate
Franklin Home Sales for Jan 2010 were as follows
- 48 Franklin homes were sold in January
- 176 Franklin homes are under contract at the end of the month
- 732 Franklin homes are available and not under contract
- The average size of Franklin homes sold was 3002 square ft
- The average sales price of Franklin homes sold in January was
$363,205
- The average days on market was 115
Click here to search for Franklin
homes .
Brentwood real estate Sales for Jan 2010 were as follows
- 25 Brentwood Homes were sold in January
- 70 homes are under contract at the end of the month
- 369 Brentwood homes are available and not under contract
- The average size of Brentwood homes sold was 4197 square ft
- The average sales price of Brentwood homes sold in January was $577,644
- The average sold price to list price comparison was 97 percent
Click here to search for Brentwood real estate
Brentwood Home
One of a kind
• 1,777 sq. ft., 2 bath, 3 bdrm single story - 
MLS® $139,900 - reduced
halewood estates, Gallatin - Well maintained ranch on 1/2 beautiful ace lot with mature trees, and a gazebo. The home has replacement windows, a newer Heat and air unit, newer carpet over hardwoods, and in a great location with easy access to nashville. To search for nashville real estate, click here.
Property information
Kings Creek in Spring Hill. Located just south of Saturn pkwy, along Kedron rd, Kings Creek is a hidden gem for golfers.
The 18 hole Arnold Palmer designed golf course is a perfect setting for Spring Hill real estate. With townhouses and homes available at affordable prices, this is an unusual opportunity.
The average size of the townhouses range from 1300 square ft to 2100 square ft and in price up to $165,000. The average size of kings creek homes range from 2000 to 300 square ft, and in price up to $400,000 depending on location and size.
To search for Kings Creek Homes, click on the link
Someone ask me last week if Franklin real estate was starting to move, and if so, what price range is moving best. Because I’m a realtor, I know that the more affordable real estate was moving quicker than the more expensive homes. but just for the people who live with statistics, here is some real data. This information is for the period of 12/28./2009 until 1/28/2010, for homes in Franklin TN.
Prices up to $200,000 in Franklin
From $200,000 to $300,000
136 homes are active and not under contract
31 homes are under contract to sell
16 closed in the last 30 days
From $300,000 to $400,000
From $400,000 to $500,000
From $500,000 to $750,000
From $750,000
As you can, the more affordable homes come under contract a little faster than the luxury Franklin homes. But I was surprised that even up to $500,000 ,30 percent of the homes on the market are have a sales contract.
I predict a very busy spring.
To search for Franklin real estate, click on the link
Top Top 10 Feature Of New Homes – Surveysof buyers show the features they expect in a new home. One survey, byAVID Ratings Co., solicited home buyer preferences, revealing “10‘must’ features in new homes”:
- Large kitchens, with an island
- Granite countertops
- Energy-efficient appliances, high-efficiency insulation and high window efficiency
- Home office/study
- Main-floor master suite
- Outdoor living room
- Master suite soaker tubs
- Stone and brick exteriors
- Community landscaping, with walking paths and playgrounds
- Two-car garages
It’s an interesting article, worth reading in its entirety, HERE.
Surveysof buyers show the features they expect in a new home. One survey, byAVID Ratings Co., solicited home buyer preferences, revealing “10‘must’ features in new homes”:
- Large kitchens, with an island
- Granite countertops
- Energy-efficient appliances, high-efficiency insulation and high window efficiency
- Home office/study
- Main-floor master suite
- Outdoor living room
- Master suite soaker tubs
- Stone and brick exteriors
- Community landscaping, with walking paths and playgrounds
- Two-car garages
It’s an interesting article, worth reading in its entirety, HERE.
Click on the link to search for Nashville Real Estate
Westhaven Luxury Home - 4672 square ft with 4 bedrooms 4.5 baths, 3 car garage, competitively priced at $859,900. This home has everything you could ever want in the most popular community in Williamson county. Westhaven brings back the small town feel with all of the modern conveniences that you could want. Westhaven is located on the west side of historic Franklin tn just south of Nashville
Click on the link here for more information on 1580 Championship Blvd in Franklin Tn.
Click here more Westhaven Homes for sale
Federal Housing Administration (FHA) Commissioner David Stevens today announced a set of policy changes to strengthen the FHA's capital reserves, while enabling the agency to continue to fulfill its mission to provide access to homeownership for underserved communities. The changes announced today are the latest in a series of changes Stevens has enacted in order to better position the FHA to manage its risk while continuing to support the nation's housing market recovery.
The FHA will propose to take the following steps: increase the mortgage insurance premium (MIP); update the combination of FICO scores and down payments for new borrowers; reduce seller concessions to three percent, from six percent; and implement a series of significant measures aimed at increasing lender enforcement. U.S. Housing and Urban Development Secretary Shaun Donovan previewed the changes in December of last year, noting that the FHA would announce additional details before the end of January.
"Striking the right balance between managing the FHA's risk, continuing to provide access to underserved communities, and supporting the nation's economic recovery is critically important," said Commissioner Stevens. "When combined with the risk management measures announced in September of last year, these changes are among the most significant steps to address risk in the agency's history. Additionally, by continuing to provide affordable, responsible mortgage products, FHA will support the housing market's recovery. Importantly, FHA will remain the largest source of home purchase financing for underserved communities."
Announced FHA Policy Changes:
1. Mortgage insurance premium (MIP) will be increased to build up capital reserves and bring back private lending
The first step will be to raise the up-front MIP by 50 bps to 2.25% and request legislative authority to increase the maximum annual MIP that the FHA can charge.
If this authority is granted, then the second step will be to shift some of the premium increase from the up-front MIP to the annual MIP.
This shift will allow for the capital reserves to increase with less impact to the consumer, because the annual MIP is paid over the life of the loan instead of at the time of closing
The initial up-front increase is included in a Mortgage Letter to be released tomorrow, January 21st, and will go into effect in the spring.
2. Update the combination of FICO scores and down payments for new borrowers.
New borrowers will now be required to have a minimum FICO score of 580 to qualify for FHA's 3.5% down payment program. New borrowers with less than a 580 FICO score will be required to put down at least 10%.
This allows the FHA to better balance its risk and continue to provide access for those borrowers who have historically performed well.
This change will be posted in the Federal Register in February and, after a notice and comment period, would go into effect in the early summer.
3. Reduce allowable seller concessions from 6% to 3%
The current level exposes the FHA to excess risk by creating incentives to inflate appraised value. This change will bring FHA into conformity with industry standards on seller concessions.
This change will be posted in the Federal Register in February, and after a notice and comment period, would go into effect in the early summer.
4. Increase enforcement on FHA lenders
Publicly report lender performance rankings to complement currently available Neighborhood Watch data - Will be available on the HUD website on February 1.
This is an operational change to make information more user-friendly and hold lenders more accountable; it does not require new regulatory action as Neighborhood Watch data is currently publicly available.
Enhance monitoring of lender performance and compliance with FHA guidelines and standards.
Implement Credit Watch termination through lender underwriting ID in addition to originating ID.
This change is included in a Mortgagee Letter to be released tomorrow, January 21st, and is effective immediately.
Implement statutory authority through regulation of section 256 of the National Housing Act to enforce indemnification provisions for lenders using delegated insuring process
Specifications of this change will be posted in March, and after a notice and comment period, would go into effect in early summer.
HUD is pursuing legislative authority to increase enforcement on FHA lenders. Specific authority includes:
Amendment of section 256 of the National Housing Act to apply indemnification provisions to all Direct Endorsement lenders. This would require all approved mortgagees to assume liability for all of the loans that they originate and underwrite
Legislative authority permitting HUD maximum flexibility to establish separate "areas" for purposes of review and termination under the Credit Watch initiative. This would provide authority to withdraw originating and underwriting approval for a lender nationwide on the basis of the performance of its regional branches
In addition to the changes proposed today, the FHA is continuing to review its overall response to housing market conditions, and continuing to evaluate its mortgage insurance underwriting standards and its measures to help distressed and underwater borrowers through FHA/HAMP and other FHA initiatives going forward.
For more information, go to Nashvillerealestatelink.com for all of your mortgage needs, or to search for Nashville real estate
Nashville Real Estate - I was doing a walk through in
Nashville last week, and the customer brought a family member who had just bought another home in the area. They were amazed at the quality and the price, and the lady turned to her husband and asked "why didn't we see this house before we bought ours".
It seems that they had decided to not bother with getting the help of a real estate agent who knows the area, Instead, they decided to look around themselves, and ended up buying a home from an on-site agent. The Nashville home they bought was smaller, with cheaper materials (carpet, cabinets, light fixtures), the location wasn't as good, and it cost more than the home that my client bought.
My client told me later that they were very unhappy about what they had done, and unfortunately the husband is catching the blame. OUCH
If you are looking for Nasville real estate, hire a realtor to look out for your interests, or your household may have a lot of stress.
This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Keller Williams Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Green Hills, Spring Hill, and all of Middle Tennessee
To search for Nashville real estate click on the button, or go to my website at www.larrybrewer.com
Spring Hill Home for sale in Wakefield. Master bedroom downstairs, bonus room and 2 large secondary bedrooms upstairs. Private back your with fence and shade from mature trees. Williamson county .
Spring Hill Real Home sales for December 2009 -
41 Spring Hill homes sold in December compared to 39 in December of 2008. - The average price of Homes sold in Spring hill was $228,356 compared to $252,313 in 2008.
- The average size of Spring Hill Homes sold was 2376 square ft compared to 2390 square ft in 2008
- The average days on market for Spring Hill Homes was 97
- The absorption rate for Spring Hill real estate is 10 months
My analysis is that the more affordable homes are still selling in Spring Hill, while the more expensive homes are either being sold for a terrific discount, or being overlooked by buyers.
To search for Spring Hill Homes, click on the button
Williamson County Real Estate Sales increased 31 percent over December of 2008.
Overall for 2009, the median residential home price was $343,750 and there were 2,374 single family home closings in Williamson County. This was a six percent decrease in home price compared to 2008 and a seven percent decrease in closings.
Home sales seem to be improving every month. With tax incentives, low interest rates, and attractive prices, Williamson county real estate is very affordable.
To search for Williamson county real estate, click on the button, or go to my website at www.larrybrewer.com
Nashville Condo Sales in December – With auction and great deals going on, Nashville condo’s have been getting a lot of attention in the media. The fact is that great deals are still available, and a lot of good units are available. The statistics I’m using here are for the downtown area primarily on the west side of Nashville. Condo prices are all about location, so make sure you know what you are buying, and the safest thing is to have a knowledgeable realtor who knows the market.
Nashville Condo sales for December 2009
- 70 Condo’s were sold in December compared to 35 in December of 2008.
- The average price of Condo’s sold in Nashville was $238,915 compared to $209,478 in 2008.
- The average size of Nashville condo’s sold was 1255 square ft compared to 1390 square ft in 2008
- The absorption rate for Nashville condo’s based on December sales and available inventory is 9.4 months
My analysis is that the auctions and media exposure created a lot of activity in December that will probably not continue into early 2010, however prices on Nashville condos haven’t been this low in many years, and if the lifestyle is attractive to you, now may be the best time you will ever see to buy a Nashville
It’s a great time to buy a condo in Nashville with exceptionally low prices and tax credits available for some move up buyers and first time home buyers.
To search for Nashville Condos for sale, click on the button. or call the Brewer Group at 615-512-7853
