Friday, November 13, 2015

New Housing Trends eNewsletter- Terry Barnette

Terry Barnette

Crye-Leike REALTORS® 

4627 N Lee Hwy
Cleveland, TN 37312


Cell: 423-463-0024    
Phone: 423-473-9545 (217)
Fax: 423-370-1999

Housing Trends

October 2015

View archives


What's the value of 
your home?

Use our tools
to find out

Neighborhood reports

Market Snapshot

Get a detailed report showing market trends in your neighborhood, including recent listings, sales prices and average time on market.

Get a report

Community reports

Powered by realtor.com®

Enter a ZIP code to create a report. Enter a second ZIP to compare two communities.

View statistics on population, education, housing, transporation, income, employment, net worth, cost of living and climate.

Compare amenities such as public services, places of worship, recreation and leisure facilitles, shopping and restaurants.

Get a report

Find a Mover

Find a Mover

Type of Move

Move date

Moving From Zip

Moving To Zip

Size of Move


Mortgage rates

Powered by thefinancials.com

Mortgage calculator

Market Snapshot

Get a detailed report showing market trends in your neighborhood, including recent listings, sales prices and average time on market.

Get a report

Rent vs buy

How big is an acre? What is an option?
Do I need hazard insurance?

Take a look at our real estate glossary to learn definitions of common words and phrases used in the industry.

Learn more

National market update

Existing-Home Sales Regain Momentum in September

WASHINGTON (October 22, 2015) — Existing–home sales rebounded strongly in September following August's decline and have now increased year–over–year for 12 consecutive months, according to the National Association of Realtors®. All four major regions experienced sales gains in September.

Read more

Existing-Home Sales

The information in this interactive data visualization is from Existing-Home Sales data. It shows you price and sales data for the month, and lets you compare it to prices and sales over the previous 12 months.

Read more

National housing indicators

Existing home sales (September)

5.55 millions units*

Existing home median price (September)

$221,900

Housing Starts (September)

1.206 millions units*

New home sales (September)

0.552 millions units*

*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.

National economic indicators

Home ownership

2nd Qtr 2015

+63.4%

2nd Qtr 2014

+64.7%

The homeownership rate in the second quarter 2015 was 63.4 percent, down 1.3 (+/- 0.4) percentage points from the second quarter 2014 rate of 64.7 percent. The homeownership rates in the Northeast, Midwest, South and West were lower than the rates in the second quarter 2014.

New home sales

September 2015

-11.5%

August 2015

+5.2%

Sales of new single-family houses in September 2015 were at a seasonally adjusted annual rate of 468,000. This is 11.5 percent (+/- 11.3%) below the revised August 2015 estimate of 529,000

Source: U.S. CENSUS BUREAU

How much is your home worth? Get a real-time report on the value of your home. Start now

Regional market updates

View market statistics for your region.

Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 150 metropolitan housing markets prepared by the National Association of REALTORS® or information on sales & price activity from local area markets in 25 states prepared by Clarus MarketMetrics.

Terry Barnette

In 2014 we saw a total of 4,227 properties listed in our MLS with 2,243 SOLD the avg list price $149,535 and avg sold $143,010. The avg days on market 147. Setting the right price before you list is critical to getting the most for your home and selling it quickly. For assistance with this, simply Call 423-463-0024 or email Terry@TerryBarnette.com Read more

Please feel free to email, call or text message Terry at 423-463-0024 any time when you have any real estate questions. I will be happy to answer any real estate related questions you may have or help you gather information on any property or home for sale in the Bradley, Hamilton, Polk or Mcminn County areas. Read more

See older entries

Disclaimer: The views, opinions, statements and/or ideas expressed in this Message Section do not reflect the ideas, policy, position, views or opinion of Move,Inc.

Consumer tips & hot properties

Image

You'll Want to Ditch City Living for These Top 10 Affordable Small Towns

Of course these small towns have charm—they also have great job opportunities, amazing deals on homes, and mortgage terms that won't leave you house-poor.


Read more

Image

How to Buy and Sell a Home at the Same Time—Without Losing Your Mind

For homeowners, buying a new home while selling your current one piles on additional stress. Here's how to pull off this juggling act.


Read more

Image

7 Things Your House Painter Wishes You Knew

With the right preparation, your home can be painted faster, better—and for less money.


Read more

Image

My Dream Home Is Pending Sale—Am I Too Late?

Don't despair, home buyers! Pending does not mean sold. Yes, that's right. We're saying there's a chance.


Read more

Image

Three Times You Can Kiss Your Earnest Money Goodbye

Make sure you understand the earnest money deposit—and whether you'll get it back.


Read more


Existing Home Statistics

View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.

Tuesday, November 10, 2015

So Your House Hasn't Sold Yet?

House Hasn't Sold Yet? Take Another Look at the Price
The residential housing market has been hot. Home sales have bounced back solidly and are now at their second highest pace since February 2007. Demand remains strong going into the winter. Many real estate professionals are reporting that multiple offers are occurring regularly and listings are actually selling above listing price. What about your house?
If your house hasn't sold, it is probably the price.
If your home is on the market and you are not receiving any offers, look at your price. Pricing your home just 10% above market value dramatically cuts the number of prospective buyers that will even see your house. (See Chart)
Bottom Line
The housing market is hot. If you are not seeing results you want, sit down with your agent and revisit the pricing conversation.
Terry Barnette
REALTOR, Broker, ABR, SFR, BPOR, e-Pro
Crye-Leike REALTORS
Office: 423-473-9545x217
Direct/Text: 423-463-0024
TheBarnetteTeam.com
KM4HDV
licensed in Tennessee

Friday, November 6, 2015

What You Need To Know About The Mortgage Process



Susan Barnette
Director of Career Development
Crye-Leike REALTORS®
1510 Gunbarrel Road
Chattanooga, TN 37421
423-892-1515-Office
423-463-0321-Cell
CRS, GRI, ePro,HAFA,BPOR, SFR, ITI
2003 & 2008 REALTOR® of The Year
TN REALTOR® Educator of the Year

"Education is cheap...ignorance is expensive!"
Licensed in TN & GA
Equal Housing Opportunity


The Markets In A Minute

Please enjoy this quick update on what happened this week in the housing and financial markets.



The number of economists predicting a Fed policy rate increase in December continues to rise. Markets are starting to prepare now, contributing to higher rates.

Although jobless claims recorded their largest increase in 8 months, they remain below 300,000. The overall sentiment is a healthy labor market, bad for rates.

Increased manufacturing productivity reported for the 3rd quarter signals economic improvement. A strong economy increases the likelihood of higher rates.

At 9.3% of the market, distressed sales (including REO and short sales) continue to drop. If current trends continue, they will reach 2% of the market by mid-2018.

Home prices nationwide rose by 6.4% in September. CoreLogic's HPI forecast projects home prices will rise 4.7% year-over-year from Sept. 2015 to Sept. 2016.

Construction spending for single-family homes rose 1.3% in September. Private residential construction spending rose to the highest level since January 2008.


A parent got a call from a freshman college student about a week after dropping them off. The student was out of clean clothes and doing laundry for the first time and asked, "What setting do I use on the washing machine?"

"It depends," said the parent. "What does it say on your shirt?"

The student replied, "University of Colorado!"


 

 

Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.



Sincerely,

Rodney Long
Mortgage Investors Group
Loan Officer Assistant
NMLS #411959; TN Lic #126825; GA Lic #47508
(423) 899-2887 x 303
rodney.long@migonline.com
www.migonline.com/rodney.long


Company NMLS Unique Identifier # 34391 • TN License # 109111 

Terry L Barnette
REALTOR®, Broker, ABR, e-Pro, SFR, BPOR
Crye-Leike REALTORS®
Direct/Text: 423-463-0024
Fax: 423-370-1999
Office: 423-473-9545 x217
KM4HDV
 



Need to send me private email? I use Virtru.

Wednesday, November 4, 2015

Free Shredding of Personal, Private Information By Professional Document Management Company

Free, professional shredding of your confidential information.
View this email in your browser

FREE!- Protect Your Identity!-Have your confidential information professionally shredded.


Come by my office at 4627 N Lee Highway in Cleveland, TN on November 5, 2015 between the hours of 3:00-7:00 pm and we will have your confidential information professionally shredded for FREE!- 

If it is convenient for you we ask that you also bring non-perishable food items for our food drive. These items will be donated to The Caring Place to benefit those who have needs within our community.

Thank you for your consideration and participation!

Terry Barnette
REALTOR® Broker
Crye-Leike REALTORS®
Office: 423-473-9545 x217
Direct: 423-463-0024

Copyright © 2015 Crye-Leike REALTORS®, All rights reserved.
You are receiving this email because you had previously requested real estate related information and I would like to notify you of this free community service

Our mailing address is:
Crye-Leike REALTORS®
4627 N Lee Hwy
Cleveland, TN 37312

Add us to your address book


Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list

Email Marketing Powered by MailChimp