National Home Prices Continue Their Rise, According to Recent 2014 4th Quarter Statistics

Recovery

National home prices continued their ongoing rise into the last part of 2014, indicating a tightening national inventory for available homes, as well as a strengthening economy and low interest rates. According to recent statistics released by the National Association of Realtors, median home prices nationally in the 4th quarter increased by 6% from that of a year prior, as well as the median sale price increasing by $208,700. In addition, nearly 86% of U.S. metro areas also saw increases in median home prices, as well, including some areas that were hardest hit by the Great Recession of 2008. Very encouraging news, and definitely worth noting, as we continue into 2015 to see if such trends will continue.

 

With an improving national real estate market, along with historically low interest rates still in place, now is a great time to see what the Great Smoky Mountains can do for you today. Please feel free to browse our Featured Properties, and see how The Jason White Team can help you realize your home ownership dreams!

 

Our Featured Properties for Thursday, February 19, 2015:

 

 

NEW LISTING!

2135 Wolf Ridge WayWell-Built, 3 BD/3 BA True Log Cabin Located Only Mins. to Pigeon Forge. Made over $32K in rental income in each of the 2 years; has great rental potential. Home is located in a well-established subdivision, with many different community amenities, along with great mountain views, two fireplaces, and much more. Only mins. to Pigeon Forge, Dollywood, & the attractions – a great log cabin & a great location! Come see it today! Type: Single-Family Home Location: Pigeon Forge, TN Price: $287,900  For more information >

 

 

 

NEW LISTING!

224 Woodland RoadUnique, 3 BD/2 BA Condominium in Well-Established Complex, Only Mins. to Gatlinburg. Ideal as a permanent or 2nd home, or as an overnight rental. This condo unit spans the entire floor, offering a spacious Great Rm, as well as a Master Bedroom w/Private Bath, and much more. Also offer a large patio area to enjoy amazing mountain views; offers a degree of privacy by sharing no common walls with any other units. Only mins. to Gatlinburg & the attractions – come see it today! Type: Condominium Location: Gatlinburg, TN Price: $149,900  For more information >

 

 

 

FEATURED PROPERTY!

DSC_1457Luxurious, 3 BD/3 BA Log Cabin Only Mins. to Dwtn. Gatlinburg. Made over $41K in rental income in each of the last 2 yrs. alone; has enormous rental potential. This well-built cabin includes many unique architectural features, w/each BD has its own Private Bath & deck access. Home also includes a Large Great Room, a Large Reecreation Room, 3 different deck levels, & much more. Only mins. to dwtn. Gatlinburg, the Nat’l Park, City trolley stops, & the attractions, but is still in a very private location – come see it today! Type: Single-Family Home Location: Gatlinburg, TN Price: $339,900  For more information >

 

 

 

photo_medium

 

 

 

 

The Jason White Team
Century 21 Four Seasons Realty, Inc.
1441 Wiley Oakley Drive
Gatlinburg, TN 37738
Toll Free: (877) 678-2121
Fax: (865) 436-7227
E-mail Address: jason@jasonwhiteteam.com
Website: http://gatlinburgrealestateforsale.com

First-Time Home Buyers Could Have Better Prospects in 2015

 

Housing Recovery

 

According to a recent article by Realtor.com, first-time home buyers could have some good news for 2015. One key factor for this improved outlook centers on mortgage rates still remaining at historically-low levels, along with recent improvement in employment prospects for younger people, particularly in the 25-34 age demographic. In addition, there have also been recent to the FHA annual mortgage insurance premium rate, with it being lowered from 1.35% to 0.85%. What this means is that first-time home buyers potentially could afford to buy a home sooner than expected, and that there may be more willingness for them to do so. Very encouraging trends, to be sure, and are definitely worth watching throughout the course of the year. In addition, you can also learn about a new program being offered by the Tennessee Housing Development Agency regarding first-time home buyers, which may allow up to 100% possible financing in certain situations.

 

With improving trends for potential first-time home buyers nationally, coupled with continued historically-low interest rates, now is a great time to see what the Great Smoky Mountains can do for you. Please feel free to browse our Featured Properties, and see how The Jason White Team can help you realize your home ownership dreams today!

 

Our Featured Properties for Thursday, January 29, 2015:

 

FEATURED PROPERTY!

AVery Private, 2 BD/2 BA Log-Style Home w/Breathtaking Mtn. Views. Made over $17K in rental income in 2012, & over $22K in rental income in 2013; has enormous rental potential. Has some of the most outrageous views of the Smokies that you will ever see. Incl. 3 1/2+ acres of property, ample parking, Massive Great Rm, Upstairs Loft, & more. Only mins. to Gatlinburg, Pigeon Forge, & Dollywood; come see these amazing mtn. views today! Type: Single-Family Home Location: Pigeon Forge, TN Price: $249,900  For more information >  

 

 

 

FEATURED PROPERTY!

CPrivate, Spacious 5 BD/4 BA Log Cabin, w/Incredible Mtn. Views, Only Mins. to Gatlinburg. Made over $64K in rental income in each of the last 2 yrs. Very spacious home, w/ incredible views of dwtn. Gatlinburg & the Smokies. Has a Large Living/Dining Rm, Den/Recreational Rm, spacious deck area, level parking, easy access to city-maintained roads & services, & much more. Only mins. from dwtn. Gatlinburg, the Nat’l Park, & City trolley stops. A great location, w/one-of-a-kind City & mtn. views & great income potential! Type: Single-Family Home Location: Gatlinburg, TN Price: $239,900  For more information > 

 

 

 

FEATURED PROPERTY!

APrivate, Uniquely-Constructed, 3 BD/3 BA Cottage-Style Home Within Walking Dist. to Dwtn. Gatlinburg. Great for a permanent or 2nd home, or as an overnight rental. Includes a detached 2-car garage, 2 Master Suite-style BD’s w/Priv. BA’s, a spacious Sunroom/Dining Rm, & seasonal mtn. views. Also located on a private, dead end street, & is truly a uniquely-designed & built home, literally w/in walking dist. to the attractions of Gatlinburg. Come see this home today! Type: Single-Family Home Location: Gatlinburg, TN Price: $238,900  For more information > 

 

 

 

 

photo_medium

 

 

 

 

The Jason White Team
Century 21 Four Seasons Realty, Inc.
1441 Wiley Oakley Drive
Gatlinburg, TN 37738
Toll Free: (877) 678-2121
Fax: (865) 436-7227
E-mail Address: jason@jasonwhiteteam.com
Website: http://gatlinburgrealestateforsale.com

Recent Housing Data from Trulia’s Housing Barometer for 2014 Shows Improvement Across The Board

Housing Recovery

 

In the past year of 2014, and as we go into the new year of 2015, we have seen several indicators in the national real estate market that shows signs of an overall improving market as a whole. Now, recent housing indicator data from Trulia.com’s Housing Barometer seems to support such improvement, showing that all five of their indicators, namely existing home sales (excluding distressed sales), home-price levels relative to fundamentals, delinquency plus foreclosure rate, new construction starts, & the employment rate for people aged 25-34 (a key demographic in terms of measuring potential first-time home buyers and household formation), are steadily up from what they were a year prior to last year, 2013. Existing home sales showed an increase of 73% in 2013 up to 82% in 2014, home-price levels increased from 66% in 2013 to 82% in 2014, delinquency plus foreclosure rate levels went from 59% in 2013 to 76% in 2014, new construction starts went from 46% in 2013 to 53% in 2014, & the employment for 25-34 year olds went from 26% in 2013 to 46% in 2014. All of these indicators appear to a return to a more normal real estate market nationally, as we head into 2015. Very encouraging and optimistic new, to be sure, and certainly bears watching into the new year.

 

With these very encouraging trends nationally in real estate hearing into 2015, now is a great time to see what the Great Smoky Mountains can do for you and your home ownership dreams. Please feel free to browse our Featured Properties, and see how The Jason White Team can help you find your next home today!

 

Our Featured Properties for Thursday, January 15, 2015:

 

FEATURED PROPERTY!

ASpacious, Private, & Beautifully-Constructed, 3 BD/3 BA Log Cabin Only Mins. Gatlinburg & Pigeon Forge. Has made over $22K in each of the last 4 straight years, & making over $33K consistently in each of the two years alone. Includes a small private yard, paved driveway, partially wraparound deck, & great views of the Smokies. Also includes a Large Great Rm, a spacious Loft w/a Rec Rm & Master Suite-style BD, & each BD has its own Private Bath & Closet Space. Very spacious, private home – come see it today! Type: Single-Family Home Location: Gatlinburg, TN Price: $259,900  For more information >

 

 

 

FEATURED PROPERTY!

DSC_2923Amazing, Rustic, 4 BD/3 BA Log Home Located in Beautiful Webb Creek. Made over $32,000 in rental income in each of the last 2 years alone. Home is a true architectural rarity, was built in 1936, & has 2 two gently flowing creeks in rear yard. Also has a massive Great Rm, along w/antique stained glass windows, a log staircase, & much more. Only mins. to Gatlinburg, the Nat’l Park, & more – come see this incredibly unique home today! Type: Single-Family Home Location: Gatlinburg, TN Price: $259,900  For more information >

 

 

 

 

FEATURED PROPERTY!

ACharming, Beautifully-Constructed, 1 BD/1 BA Log-Style Cabin w/Great Mtn. & Forest Views. Made over $34K in rental income in each of the past 2 years. Well-constructed, rustic-style cabin; incl. Massive Great Rm w/vaulted ceilings, Loft-Style Recreation Rm, Large Master BD w/in-room F/P & W/P,  & great views of the mtns. & forests. Located in a well-established subdivision; only mins. from dwtn. Gatlinburg, the Nat’l Park, & the attractions. A beautifully-built home at a great value – come see it today! Type: Single-Family Home Location: Sevierville, TN Price: $199,900  For more information >

 

 

 


photo_medium

 

 

 

 

The Jason White Team
Century 21 Four Seasons Realty, Inc.
1441 Wiley Oakley Drive
Gatlinburg, TN 37738
Toll Free: (877) 678-2121
Fax: (865) 436-7227
E-mail Address: jason@jasonwhiteteam.com
Website: http://gatlinburgrealestateforsale.com

Latest Report from Freddie Mac Projects Home Sales for 2015 to Hit 2007 Levels

Housing Recovery

 

A new report from Freddie Mac offer a very encouraging outlook for 2015 home sales, in that expected home sales for this year are expected to hit levels not seen since 2007, prior to the Great Recession of 2008. According to Freddie Mac’s latest U.S. Economic & Housing Market Outlook, U.S. home sales in 2015 will show increase to the numbers associated with a normal, typical real estate market. This report predicts that “we are projecting a 4 percent rise in sales to 5.6 million, which would mark the highest level of annual sales since 2007.” In addition, the National Association of Realtors (NAR) and Mortgage Bankers Association (MBA) also agree with this prediction, as evidenced by the chart below:

 

Home-Sales

 

With an improving economy and jobs market, it appears that the housing market nationally looks to be very healthy for 2015. Very encouraging news for potential buyers and sellers, to be sure. In addition, with these national real estate market projections, now is a great time to realize your own home ownership dreams, right here in the Great Smoky Mountains. Please feel free to browse our Featured Properties, and see how The Jason White Team can help you find your dream home here in the Smokies today!

 

Our Featured Properties for Tuesday, January 6, 2015:

 

RECENTLY REDUCED!

APrivate, 2 BD/2 BA Mountain Chalet Overlooking the Great Smoky Mtns. & Dwtn. Gatlinburg. Made over $13,000 in rental income in 2012, & over $16,000 in 2013; has great rental potential. Has all new flooring, heating & air system, & much more; also has WiFi access, ample parking, Large Great Room, & deck area for seeing the lights of dwtn. Gatlinburg & the Smokies. Private, but also only mins. from dwtn. Gatlinburg, Ober Gatlinburg, & the attractions. Come see it today! Type: Single-Family Home Location: Gatlinburg, TN Price: $149,900  For more information >

 

 

 

 

 

FEATURED PROPERTY!

AWell-Built, 2 BD/2 BA Log Cabin Located Only Mins. to Dwtn. Gatlinburg. Has made near or above $18K in rental income since 2011; has great rental potential. Home includes a Large Great Rm w/vaulted ceilings, along w/2 deck lvls. to enjoy seasonal mtn. views, 2 Lower Lvl BD’s, easy access to city-maintained roads & services, & much more. Only mins. to dwtn. Gatlinburg, the Nat’l Park, & the attractions – come see this cabin today! Type: Single-Family Home Location: Gatlinburg, TN Price: $165,000  For more information >

 

 

 

 

 

FEATURED PROPERTY!

APrivate, 3 BD/ 3 BA, Contemporary Chalet Near Ober Gatlinburg w/Spectacular Mtn. Views. Made $17,000+ in rental income in last 2 years; has great rental potential. Home incl. a Large Lower Level Recreation Rm/Den area, Large Living/Dining Rm, 2 decks, & level parking, & much more. Also only mins. to dwtn. Gatlinburg, Ober Gatlinburg, the Nat’l Park, & the attractions, all w/great mtn. views – a must see! Type: Single-Family Home Location: Gatlinburg, TN Price: $169,900  For more information >

 

 

 

 

 

photo_medium

 

 

 

The Jason White Team
Century 21 Four Seasons Realty, Inc.
1441 Wiley Oakley Drive
Gatlinburg, TN 37738
Toll Free: (877) 678-2121
Fax: (865) 436-7227
E-mail Address: jason@jasonwhiteteam.com
Website: http://gatlinburgrealestateforsale.com

Latest National Trends Show Existing Home Sales Are Up in Almost Every Price Range

Recovery

There is very good news to report nationally regarding existing home sales, according to a recent November 2014 report from the National Association of Realtors (NAR). According to the NAR’s latest report, existing home sales nationally increased in October 2014, which makes it the second straight month for such an increase, along with this being the first year-over-year increase in existing home sales nationally since October 2013, one year ago. In addition, nearly every price range, except for home prices $100,000 and lower (which showed a decline of -6.0% nationally), showed at least a 9.7% existing home sales increase nationally in every other price range category for homes priced $100,000 and higher. Also, the NAR report, which was issued in November of this year, shows that existing home sales are now at their highest pace since that of September 2013, indicating a continued upward trend for national existing home sales throughout the remainder of 2014, and possibly into 2015. Very encouraging news regarding the national real estate market!

 

With this recent news of upward existing home sales nationally, as well as continued, historically low interest rates, now is a great time to consider a wonderful place like the Great Smoky Mountains to call as your next potential home. Why not see what else the Smokies can do for you today? Please feel free to browse our Featured Properties, and see how The Jason White Team can make your home ownership dreams a reality today!

 

Our Featured Properties for Tuesday, December 16, 2014:

 

JUST REDUCED!

AVery Private, 2 BD/2 BA Log-Style Home w/Breathtaking Mtn. Views. Made over $17K in rental income in 2012, & over $22K in rental income in 2013; has enormous rental potential. Has some of the most outrageous views of the Smokies that you will ever see. Incl. 3 1/2+ acres of property, ample parking, Massive Great Rm, Upstairs Loft, & more. Only mins. to Gatlinburg, Pigeon Forge, & Dollywood; come see these amazing mtn. views today! Type: Single-Family Home Location: Pigeon Forge, TN Price: $249,900  For more information > 

 

 

 

 

 

FEATURED PROPERTY!

APrivate, 3 BD/3 BA Log Cabin w/Great Mtn. Views in Pigeon Forge Resort Community. Has made over $32K in rental income in each of the last 2 years; great rental potential. Home is located in a well-established Pigeon Forge-area resort community; includes 2 game rms, a Living Rm, 2 fireplaces, and is a beautifully-decorated log cabin on the inside & out. Only mins. to Pigeon Forge, Dollywood, & the attractions; a very nice log cabin w/greta mtn. views – come see it today! Type: Single-Family Home Location: Pigeon Forge, TN Price: $289,900  For more information > 

 

 

 

 

 

FEATURED PROPERTY!

ASpacious Home w/Large Front & Back Yards in Great Sevierville Subdivision. Great as a permanent residence or as a 2nd home, all w/in easy access to city-provided services (i.e., water/sewer, roads, etc.). 4 BD/2.5 BA, w/side entry garage, large living rm, nice den/office area, & great front yard views. Only mins. from dwtn. Sevierville, Pigeon Forge, Dollywood, the attractions, & nearby shopping. Part of a well-established Sevierville subdivision; great home & location! Type: Single-Family Home Location: Sevierville, TN Price: $239,900  For more information > 

 

 

 

 

 

photo_medium

 

 

 

The Jason White Team
Century 21 Four Seasons Realty, Inc.
1441 Wiley Oakley Drive
Gatlinburg, TN 37738
Toll Free: (877) 678-2121
Fax: (865) 436-7227
E-mail Address: jason@jasonwhiteteam.com
Website: http://gatlinburgrealestateforsale.com

National Home Prices Rose at Their Fastest Pace in 7 Months in October 2014

real estate investment

Good afternoon! Welcome to a new feature for our regular Blog posting – we will now post our Blog twice a week, including even more great and insightful information about the real estate market (locally and nationally), along with local area information, upcoming area events, and much more! Today, we spotlight a very encouraging national real estate market statistic released by CoreLogic just today, which indicates that in October 2014, home prices rose at a faster year-over-year pace than that of September 2014, with October showing an increase of 6.1% in home prices, as measured from prices in October 2013, as opposed to that of September 2014, as measured from prices in September 2013, which showed an increase in home prices of 5.6%. In addition, CoreLogic also forecasts that home prices may further increase by an additional 5.1% over the next 12 months, meaning that half of all U.S. homes will match or surpass their pre-recession prices by the middle of 2015. Very encouraging news regarding the state of the national real estate market, for sure!

With this recent faster pace of national home price growth in October, along with historically-low interest rates, there are many great opportunities here in the Great Smoky Mountains for both home buyers and sellers alike! Why not see what else the Smokies can do for you today? Please feel free to browse our many Featured Properties, and see how The Jason White Team can help you realize your home ownership dreams today!

 

Our Featured Properties for Tuesday, December 2, 2014:

 

JUST REDUCED!

ALuxurious, Spacious Condo Unit w/Majestic Views of Mt. LeConte & the Smokies! 3 BD/3 BA unit, w/spacious den area, large living/dining rm, large Master BD, fully-equipped kitchen, immaculate tile & wood floors, & much, much more! Property is a part of a well-maintained & established condo complex, including access to many community amenities, incl. clubhouse, pool, & more! Great Luxury in the Smokies at a great value, complete w/breath-taking mtn. views – a definite must see! Type: Condominium Location: Gatlinburg, TN Price: $319,900  For more information >

 

 

 

 

RECENTLY REDUCED!

DJI00072Incredible, 4 BD, 5 1/2 BA, Log-Style Home Adj. to the Nat’l Park! Has made right at $60K in rental income consistently since 2010! Enjoy total privacy & luxury, while taking in the relaxing sounds of the Little Pigeon River & amazing, beautiful views of the Smokies! Incl. 4 luxury Master Suite BD’s, a Large Rec Rm, a private, sound proof theatre rm, & more! Only mins. to dwtn. Gatlinburg, the Nat’l Park, & much more – come see it today! Type: Single-Family Home Location: Gatlinburg, TN Price: $597,000  For more information >

 

 

 

 

FEATURED PROPERTY!

DSC_0309Luxurious, Beautiful Log Home Only Mins. to Dwtn. Gatlinburg and the Nat’l Park! Made over $75K in rental income in 2013 alone; w/in walking dist. to nearby comm. amenities, including Gatlinburg Comm. Center, Gatlinburg-Pittman H.S., Mills Park, & the new Rocky Top Sports World sports complex! Incl. Large Living Rm, Large Dining Area, Large Rec Rm/Den, Massive Loft Den, each BD Suite having its own Private Bath & Walk-in Closet, & much more! Only mins. to dwtn. Gatlinburg, as well to nearby shopping & the Nat’l Park! Come see it today! Type: Single-Family Home Location: Gatlinburg, TN Price: $599,900  For more information >

 

 

 

 

 

photo_medium

 

 

 

 

The Jason White Team
Century 21 Four Seasons Realty, Inc.
1441 Wiley Oakley Drive
Gatlinburg, TN 37738
Toll Free: (877) 678-2121
Fax: (865) 436-7227
E-mail: jason@jasonwhiteteam.com
Website: http://gatlinburgrealestateforsale.com

Five National Real Estate Market Trends to Watch for 2015

Housing Recovery

 

As we head towards the end of 2014, and look ahead to 2015, there are five noteworthy trends to watch for the national real estate market, according to the National Association of Realtors (NAR), which looks ahead to see what potential sellers and buyers can possibly expect for the coming year in terms of the national real estate market.

The first of these national trends focus on an expected modest rise in average mortgage rates for the coming year, ranging from an average of 4.6%, and then inching up towards 5% by the end of 2015, according Freddie Mae’s latest projections, indicating a likely rise in mortgage rates nationally, even though these rates will still largely remain at historically low levels on average. The second of these trends shows that the ongoing gradual increase of home prices will slow a bit, but still increase by 3% in terms of average home appreciation. According to Freddie Mae’s economists, while home prices will slow their ongoing rise, home affordability, at least historically speaking, will remain high on average. The third main trend to watch in the coming year is the projected increase in homebuilding, with this expected to rise nearly 20% in 2015, which may help total home sales increase by 5%, reaching the best sales pace in 8 years. Two additional trends focus on a likely projected decrease of 8% in single-family mortgage originations, although there will be a projected 14% increase in multi-family mortgage originations. Lastly, a broader trend expected is that the U.S. economy as a whole is poised to sustain a growth rate of 3% in 2015, which would be the 2nd year in the past decade with a growth rate at such a pace or better, according to Frank Nothaft, the chief economist for Freddie Mae. On the whole, these trends show a continued gradual growth in the national real estate market, as well as a continued gradual recovery in the housing market for 2015. For more on this very insightful article from the National Association of Realtors, please click on this link to find out more today!

As we look to the coming year, with mortgage rates nationally still expected to remain at historically low levels, along with home prices remaining historically high on average, there are many great real estate opportunities available for buyers and sellers alike, both now, and heading into 2015, especially here in the Great Smoky Mountains! Now is a great time to take advantage –  why not see what the Smokies can do for you today? Please feel free to browse our Featured Properties, and see what The Jason White Team can do for and your real estate dreams today!

 

This Week’s Featured Properties:

 

RECENTLY REDUCED!

APicturesque, 2 BD/2 Full BA & 2 Half BA, Victorian-Style Chalet Only Mins. to Gatlinburg! Made near or above $20K in rental income in each of the last 3 yrs.; has enormous rental potential! Each BD in this home has its own in-room W/P & Priv. Bath, along with including a Large Lower Level Great Room, a formal Dining Room, & much more. Has amazing views of both Mt. LeConte & the Smokies, & is only mins. to dwtn. Gatlinburg, the Nat’l Park, & the many area attractions. A very uniquely designed home & a great location – come see it for yourself today! Type: Single-Family Home Location: Gatlinburg, TN Price: $269,000  For more information >

 

 

 

 

 

FEATURED LISTING!

ZD2Private, 2 BD/2 BA Bungalow-Style Mountain Chalet Only Mins. to Gatlinburg! Made nearly $12K in rental income in 2013; has enormous rental potential, or can be a wonderful permanent or 2nd home! Each BD has own Priv. BA, closet, in-room W/P, & deck access, w/a sauna rm in Master BD. Incl. Massive Great Rm, level parking, & great seasonal, winter mtn. views. Has addt’l 1/2 acre across the street; can be used as a detached garage. Only mins. from Gatlinburg, the Nat’l Park, & Pigeon Forge. A well-decorated, spacious home at a great value! Type: Single-Family Home Location: Gatlinburg, TN Price: $199,900  For more information >

 

 

 

 

 

FEATURED LISTING!

ABeautiful, Cottage-Style, 1 BD/1.5 BA Chalet Only Mins. to Gatlinburg! Great as a permanent or 2nd home, or as an overnight rental! Enjoy mtn. living in this comfortable, cottage-style home; includes a spacious Great Rm on the Main Level, an even Larger Master Suite BD on the 2nd level (incl. in-room W/P, Private BA, & a screened-in deck area w/hot tub), a flowing mtn. stream in the front of the property, & much more! Only mins. to dwtn. Gatlinburg, the Nat’l Park, & the attractions; a great cottage-style home w/great potential! Type: Single-Family Home Location: Gatlinburg, TN Price: $149,900  For more information >

 

 

 

 

 

photo_medium

 

 

 

 

The Jason White Team
Century 21 Four Seasons Realty, Inc.
1441 Wiley Oakley Drive
Gatlinburg, TN 37738
Toll Free: (877) 678-2121
Fax: (865) 436-7227
E-mail: jason@jasonwhiteteam.com
Website: http://gatlinburgrealestateforsale.com

The U.S. Housing Market Shows Biggest Monthly Sales Gain Since 2011

Housing Recovery

Over the last year or so, the U.S. housing market has seen two major and predominant trends in terms of the market as a whole. The first of these trends focuses on higher home prices, which has been reflective in many different regional markets, as well as nationally. The other trend has focused on the beginning of decreased housing inventory, which has also taken place in many different regional markets, as well as nationally. These two trends have been fairly consistent for the last year or so, and now, as of the month of May 2014, the national housing market showed its biggest gains from month-to-month since 2011, showing a possible continuing sign of a recovering national housing market.

For previously-owned homes in May 2014, as opposed to April 2014, purchases went up by 4.9% for the month, which is the biggest increase in this statistic since August 2011, according to the latest figures from the National Association of Realtors. In addition, according to the same NAR report, this level was the strongest since October 2013, in the same category. This statistic may show a potentially more balanced market emerging, including such factors as: 1) a wide selection of properties available on the market, 2) smaller price gains (although national home prices are still showing an increase), and 3) still-lower borrowing costs, which has led to greater demand as more homes have been placed back on the market for sale, along greater overall buyer interest nationally. Whether or not these national trends will continue is too early to say, but these trends do show some greater, albeit cautious, optimism on the part of the national market as a whole.

Another piece of good news focuses on new home sales nationally. From April 2014 to May 2014, according to a recent report by U.S. Department of Commerce and the Census Bureau, new home sales month-to-month increased by 18.6%. This actually shows the greatest month-to-month increase for new homes sales since January 1992, according to the same report. This shows a real sense of greater optimism on the part of sellers and buyers, in terms of the recovery of the national real estate market.

Finally, another sign of a recovering real estate market relates to the recent drop of foreclosure activity nationally. According to RealtyTrac, which tracks foreclosures across the nation, June 2014 foreclosure activity fell by 16% across the United States. In addition, foreclosure filings are also now at their lowest levels since July 2006, and are now at pre-2008 economic downturn levels. With more states beginning to clear their books of foreclosures, judicially and otherwise, inventory has begun to stabilize nationally, leading to greater confidence in the market as a whole.

What do all of these emerging trends mean? With a recovery in the national real estate market, more potential sellers and buyers have taken the opportunity to begin realizing their own home ownership dreams at a greater pace, and now have greater confidence in the market as a whole. This also includes the Great Smoky Mountain real estate market, as well, and with historically-low interest rates still in place, there are many great properties available for people looking for properties here in the Smokies.

Why not see what the Great Smoky Mountains can do you for you and your real estate needs today? Please feel free to browse our Featured Properties, and see how The Jason White Team can help realize your home ownership dreams today! You can also learn more about who we are and what we can do for your real estate needs, and even make us one of your “Likes” on Facebook!

 

Here Are A Few of My Featured Properties:

 

ALuxurious, 6 BD/5 BA Chalet Located in Beautiful, Scenic Cobbly Nob – Back on the Market! Made nearly $29K in rental income in 2013 alone! Very spacious home, w/lower level extra rm usable an as extra BD, & a spacious Loft area, great as a den or extra sleeping space. Incl. Massive Great Rm, Large Lower Level Rec Rm, & 2 deck levels. Amazing views of the Smokies; in a well-managed subdivision, w/access to many comm. amenities! Only mins. from dwtn. Gatlinburg, the Nat’l Park & the attractions; a luxurious home w/luxurious mtn. views! Type: Single-Family Residential Location: Gatlinburg, TN Price: $289,900  For more information >
 
 
 
 
 
 
 
APrivate, 3 BD/3 BA Chalet Located in Beautiful, Scenic Cobbly Nob – Back on the Market! Made over $11K in rental income in each of the last 2 years alone; has great rental potential! Includes Massive Great Rm, each BD having its own Private BA, Large Lower Level Rec Rm, & 2 decks on the main & lower levels, complete w/broad mtn. views of the Smokies. Located in a well-managed subdivision, w/access to many community amenities! Only mins. from dwtn. Gatlinburg, the Nat’l Park & the attractions; a great location & value! Type: Single-Family Residential Location: Gatlinburg, TN Price: $169,900  For more information >
 
 
 
 
 
 
 
APrivate, Cozy, 1 BD/1 BA Chalet, Only Mins. to Dwtn. Gatlinburg – New Listing! Great permanent or 2nd home; also has great potential as an overnight rental! Located in a beautiful, wooded setting, w/a very rustic feel, giving you a real sense of mtn. living. Very spacious home, w/a Massive Main Level Great Rm, & an even larger 2nd floor Master Suite, incl. Master BD w/an in-room W/P, Master BA, & Private Laundry Rm! Only mins. to dwtn. Gatlinburg, the Nat’l Park, & the attractions; a very well-kept home in a great location! Type: Single-Family Residential Location: Gatlinburg, TN Price: $139,900  For more information >
 
 
 
 
 
 
 

photo_medium

 

 

 

 

The Jason White Team
Century 21 Four Seasons Realty, Inc.
1441 Wiley Oakley Drive
Gatlinburg, TN 37738
Toll Free: (877) 678-2121
Fax: (865) 436-7227
E-mail: jason@jasonwhiteteam.com
Website: http://gatlinburgrealestateforsale.com

A Look at The National Real Estate Market Through the First Three Months of 2014

Puzzle Of Real Estate

From time to time, along a focus on the local real estate market here in the Great Smoky Mountains, it is also important to know what is going on nationally in terms of real estate, especially since what happens on a national level inevitably impacts what happens here in the local real estate market. Today, we will highlight some of the national trends that have happened over the first couple of months of 2014, particularly in terms of the national level in the real estate industry.

The first of these trends focus on the ongoing trend of rising home prices, which we have previously spotlighted in previous blog posts. In January 2014, for example, according to the S & P/Case-Shiller Home Price Indicies, home prices were in fact 13.2% higher that they were a year ago, even though this is still 20% off of the peak shown for home prices back in 2006. While the rise in home prices has been noticeable over the past few months, it is generally seen a slow, gradual rise by many experts, indicating the national market, while still not to the levels it was prior to the 2008 economic downturn, is beginning to show signs of gradual, steady growth over the long-term.

The second of these trends nationally since the start of the year relates directly to greater confidence on the part of potential sellers of homes. According to a recent survey conducted by Redfin, 38% of respondents indicated that there was an increased confidence on the part of potential sellers of homes, and also indicated that the first quarter of 2014 would be a good time for selling their home. Such confidence, as noted here, could lead more people place their homes back on the market, especially since home prices are on the increase in many markets. In addition, confidence on the part of home builders is also increasing nationally, as well, with more home builders beginning to express greater confidence in terms of the market as a whole, reaching levels of confidence that have not been since 2008.

The last of these national trends focuses on the purchases of new homes, which actually showed an increase of 9.6% to a 468,000 annualized pace, according to figures from the U.S. Department of Commerce, showing the greatest increase in new home sales since 2008. In addition, the median sales price increased 3.4% from January 2013 to January of this year, according to the same Commerce Department report. While not at the levels it was prior to 2008, this recent data collectively shows that there are signs of recovery in the real estate market as a whole, and even includes slow, but steady, growth, as previously discussed in earlier blog posts.

With this information in mind, particularly in regards to the current state of the national real estate market, why not see what the Smokies have to offer for you today? Please feel free to browse our Featured Properties, and see what The Jason White Team can do for your home ownership needs! In addition, you can also browse our Team website, to learn more about who we are and what we can do for you. You can also make us one of your first “Likes” on Facebook today by visiting our Team page! Let The Jason White Team help you realize your home ownership dreams today!

 

Here Are A Few of My Featured Properties:

 

ABeautiful, Private 3 BD/3 1/2 BA, Log Cabin Located in Scenic Wears Valley! Amazing views of the surrounding Valley! Includes living/dining rm, upstairs loft, & virtual, 180-degree views from front deck. Great value in a beautiful & tranquil setting! Type: Single-Family Home Location: Sevierville, TN Price: $289,900 For more information >

 

 

 

ASpacious, 4 BD, 3 BA Mountain Chalet Only Mins. to Dwtn. Gatlinburg! Made $12,000 in rental income in just 2013 alone! Breathtaking views of the Smoky Mtns.! Includes Large Rec Rm, large living/dining rm, full kitchen, & much more! Spacious home & great location! Type: Single-Family Home Location: Gatlinburg, TN Price: $159,900  For more information >

 

 

 

ABeautiful, Custom-Built Lakefront Home w/Amazing Views! Located on scenic Douglas Lake; has outside gardens w/commercial outdoor kitchen, gazebo, boat dock & ramp, & much more! Incl. spacious living rm, full kitchen, & lots of custom-built features throughout. A must see! Type: Single-Family Home Location: Sevierville, TN Price: $925,000  For more information >

 

 

photo_medium

 

 

 

The Jason White Team
Century 21 Four Seasons Realty
1441 Wiley Oakley Dr
Gatlinburg, TN 37738
Toll Free: (877) 678-2121
Fax: (865) 436-7227
Email: jason@jasonwhiteteam.com
Website: http://gatlinburgrealestateforsale.com

Five U.S. Real Estate Trends to Watch in 2014

 

 

The Puzzle Of Real Estate

As we start into 2014, there are at least five major national real estate trends that are definitely worth watching, especially with respect to the potential market for both buyers and sellers.

The first of these broad trends is that more sellers may be placing their homes back on the market. Recently, the ongoing rise in home prices has led more homeowners to consider placing their homes back on the market. An additional factor also hinges on the expectation that new home construction is expected to increase further this year, further boosting options for home shoppers. For more on the past trends of rising home prices, please refer to our blog post earlier this month, to see some local statistics reflecting some of these recent trends right here in the Great Smoky Mountains real estate market.

The second of these trends heading into 2014 is that new home sales are expected to rise into this year. Forecasters expect the number of housing starts to range from 1.19 million to 1.25 million, up from 975,500 in 2013. In addition, builders are also compensation for years of sub-par construction levels, according to Robert Denk, an economist with the National Association of Home Builders. Furthermore, an anticipated increase in homebuilding means that new home sales should also increase, as well. While it is too early to say if this trend will play out fully, the potential for new home sales to increase is certainly a possibility heading into 2014.

The third of these trends on a national level also focus on the real possibility of mortgage interest rates rising in 2014. While fixed mortgages likely will rise this year, averaging somewhere in the 4.9 percent to 5.3 percent range, forecasters say. That’s still low historically, but well above rates for the past 2 1/2 years. The potential for the Federal Reserve to begin its “tapering” of its stimulus bond buyback program sometime this year plays a significant role in why rates could rise, albeit not as dramatically as once feared. Mortgage rates will still remain at historically low levels, despite any potential increases. For more on the potential for the Fed regarding potential tapering, please click here for a broader explanation and what it could mean for the real estate market, particularly with regards to mortgage interest rates for 2014 and beyond.

Additional trends include the possibility of credit actually easing somewhat heading into 2014, where lenders could be in a greater to extend more loans to potential homebuyers as a whole. While it is too early to state that credit as a whole will be easier to get in this new year, trends point to a potential easing of this over time, particularly with respect to new mortgages and loans. For more information regarding this emerging trend, please check out this link with regards to the potential easing of credit heading into 2014. However, one final national trend to also watch is that the commercial real estate market remains slow into 2014, where commercial real estate recovery “tends to lag broader economic growth,” according to Deloitte & Touche’s 2014 outlook.

In short, these five trends in national real estate will certainly shape the landscape of real estate here in the Smoky Mountains, as well. Why not see what the Great Smoky Mountain real estate market can offer you today? Please feel free to browse our available Featured Properties today, and see how The Jason White Team can help you realize your home ownership dreams!

 

Here Are A Few of My Featured Listings:

 

854 Piney Butt Loop Main PhotoPrivate Chalet w/Panoramic Mtn. Views! Private, 3 BD/3 BA chalet located in Chalet Village, with amazing, panoramic mountain views! Perfectly suited as a permanent residence, 2nd home, or overnight rental. Type: Single Family Home Location: Gatlinburg, Tennessee Price: $229,900 Get more information >

 

1709 Smoky Hills Drive Main PhotoBrand New Log Cabin Near Gatlinburg w/Spectacular Mtn. Views! Brand new log cabin w/2 BD/2 BA, located just 2 mi. from the Downtown Gatlinburg Strip, & is w/in walking distance to the Gatlinburg Community Center. Spectacular mountain views! Type: Single Family Home Location: Gatlinburg, Tennessee Price: $249,900 Get more information >

 

2049 Luzerne Drive Main PhotoRestored, Vintage-Style Chalet w/Bird’s Eye View of the Great Smoky Mountains! Restored, vintage-style chalet with virtual bird’s eye views of the Great Smoky Mountains, tramway and city lights while just 5 mins. from downtown Gatlinburg.  Type: Single Family Home Location: Gatlinburg, Tennessee Price: $169,900 Get more information >

 

The Jason White Team
Century 21 Four Seasons Realty
1441 Wiley Oakley Dr
Gatlinburg, TN 37738
Toll Free: 877-678-2121
Fax: 865-436-7227
Email: jason@jasonwhiteteam.com
Website: gatlinburgrealestateforsale.com