Contemplating That Gatlinburg Home For Sale?

Some of my sources suggest that mountain homes could be at a good time to buy. Recently, The Wall Street Journal printed an interesting article by Jack Hough of smartmoney.com. Mr. Hough puts forth some intriguing ideas on why it could currently be a great time to buy a house. United States home prices have dropped almost 1/3 since 2006 and homeownership rates are falling like they were in the great depression. This may appear alarming, but there is a silver lining. First, lower prices are bringing value to home ownership and there is plenty of home inventory to consider. Number crunchers dance the line between renting vs. buying. The benefit of renting over buying changes with current market conditions. Home price/rent ratios are much like stock price/earnings ratios. Lower price/rent ratios favor owners over renters. Moody’s Analytics reports that price/rent ratios at the peak of the bubble were 18.5. Now the ratio is down to 11.3. For comparison from 1989-2003 the national average was approximately 10. Mortgage rates are a primary factor in overall home costs. Rates across the country are close to all time lows. The rates move from 3.94% to 4.12%. This makes house payments more affordable than in years. The hurdle comes in qualifying for today’s tighter lending standards.

It is important to factor in the location of the housing market you are considering. Some, like Detroit or Miami are bargains, while New York or San Francisco are in demand and command a premium. The author favors a “buy and hold” position and discourages an invest and flip position. He also recommends careful shopping as prices could decline farther. However, high yields are challenging in many of today’s investments, so homes offer a firm, reasonable opportunity.

If you want to explore your options in today’s East Tennessee Smokies, begin on our website. There are ample options available to explore at your own pace in the privacy of your own home. Begin today to explore these exciting opportunities.

Here a few of my new & featured listings: 

 

Great Four Level Chalet/Nice Ridge View
Very large 4 level chalet that sleeps 16. Big open space in all rooms and 4 levels of decks. Nice mountain views and walking distance to owners club and pools.
Type: Single Family Home
Location: Chalet Village
Price: $279,900
Get more information >

 

A-Frame w/Serene Setting/Incredible View
Total privacy with this A Frame home with incredible mountain vista and mature native mountain laurel. Located in Gatlinburg and walking distance to community pools, tennis courts, and Ski Resort.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $159,900
Get more information >

 

Great Price For Beautiful Mountain View
Plenty of community amenities, private, yet close to town. Enjoy nature and wildlife at this tastefully furnished log cabin from three covered decks, all with mountain views. Spacious for family gatherings, with two game rooms as well as a living room.
Type: Single Family Home
Location: Pigeon Forge
Price: $325,000
Get more information >

 

Homes For Sale In Gatlinburg Could Be In A Warm Market

This blog works to provide relevant data on Smoky Mountain homes  and how that ties to the overall U.S. real estate market. The National Association Of Realtors reported in late September of this year that August 2011 pending home sales had declined nationally. However, the pending home sales index remains above August of 2010. The PHSI is a future oriented market indicator. It focuses upon signed home sales contracts which are not officially closed. These typically close in 1-2 months. Our interest is not centered exclusively upon this news but on material related to this story.

Four regions comprise the PHSI. Pending home sales here in the South was the only region across the country to have an increase in August 2011. NAR Chief Economist, Lawrence Yun feels that Hurricane Irene certainly impacted home sales in some parts of the nation. In addition, Mr. Yun is concerned that overly strict mortgage underwriting standards are rejecting a sizable number of financially qualified potential home buyers. The Chief Economist is hopeful that standards will be relaxed to allow more qualified buyers to enter the market.

For some time , we have advised our blog readers to get pre-approved for financing. This simplifies the home buying process by eliminating some of the guesswork. Go on our website  today to get started finding your dream property in the Tennessee Smokies.

*Information was obtained from: http://www.realtor.org/press_room/news_releases/2011/09/phs_august

Here are a few of my new listings:

New Construction Full Of Style
Newly built this one is full of style & character. Native stone accents outside with a great exterior color combination. Hand made kitchen cabinets andbathroom vanities crafted from super rare wormy chestnut.
Type: Single Family Home
Location: Gatlinburg, Tennessee
Price: $159,900
Get more information >
Mt. Leconte Views On A Pond
$17,832 rental income for 2010 & $17,444 already for 2011. Fantastic Mt. Leconte & community pond views.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $179,900
Get more information >
Unparallelled View of Great Smokies!!
Contemporary home with many interior updates and incredible view of ski slopes at Ober Gatlinburg and Great Smoky Mountains.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $224,900
Get more information >

Gatlinburg Homes and Residences Across the Nation Showed Gains in September

Gatlinburg in the Fall

Gatlinburg real estate in existing-home sales showed gains in September 2010, like the rest of the U.S.  In previous blogs, we have covered the statistics for existing-home sales.  This category of home sales covers; single family, townhouses, condo’s, and co-ops.  It’s purpose is to track trends in the housing market for the National Association of Realtors and it’s members.  Existing home sales increased 10.0% in September 2010 to 4.53 million, over August’s totals.  The stats remain below the 5.60 million mark set in September 2009.  Readers should note that during this period last year, buyers were rushing to qualify for the deadline of the “home buyer tax credit” that expired in November 2009.

NAR’s chief economist, Lawrence Yun, is anticipating a housing recovery.  However, it could be complicated with the current foreclosure review, now impacting the country’s housing markets.  Low mortgage interest rates and favorable housing affordability are assisting buyers.  However, job creation in the economy and rising inventories of homes for sale, may impact the housing market into the future.  Yun feels that clearing out vacant homes and mortgage delinquent residences is important for a housing recovery.  Reducing home inventories especially in the deeply discounted sector of the market will improve price stability in U.S. housing.  First-time buyers continue to be a force in the current home market.  September revealed that 32% of purchased homes were bought by first time homebuyers.

Today’s residential market offers buyers and sellers good opportunities.  Sellers need to set pricing at realistic levels and stage their property for maximum buyer appeal.  Approved buyers will find attractive low interest rates on mortgages.  There are also plenty of homes to consider in making a selection.  Buyers can get started in their search online.  Our website offers adjustable criteria to limit selection to a buyer’s specific needs.  This saves everyone time and our Smokies’ property team is ready to help you finalize your purchase. Contact us today to get started. 

Here are a Few of My New and Current Listings:

Lots of Upgrades and Convenient Location
Beautiful home w/lots of upgrades and convenient to shopping and restaurants in Gatlinburg. Big spacious decks with level parking and fenced in yard. Perfect home for entertaining!
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $189,900
Get more information >
Nestled Among the Trees w/ Mtn View
This chalet is nestled among the trees with close access to area attractions, ski lodge, shopping and the Great Smoky Mountains National Park.
Type: Single Family Home
Location: Chalet Village
Price: $239,900
Get more information >
Fantastic Views of Mt LeConte!!
Enjoy the fantastic views of Mt LeConte and the tram from the spacious decking of this nicely decorated cabin. Each bedroom has in suite baths as well. This is a must see!
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $235,000
Get more information >

Considering Real Estate in Gatlinburg For Sale?

 

NAR’s existing home sales numbers for August are complete, and they may influence your search for Smoky Mountain real estate.  The National Association of Realtors represents over a million members across the United States and it compiles data relevant to all aspects of the nation’s real estate market.  Data for existing-home sales has been used to track home purchases in America.  Since 1999, existing-home sales have included; single family homes, as well as; condos, townhouses, and co-ops.  These other home components were added to single family homes, because of their significant numbers as residences in large metropolitan areas.  The existing home sales data reflects completed monthly transaction totals for residences.  These are seasonally adjusted.  The monthly figures have more relevant trend significance, when they are compared over larger spans of time and from several different perspectives.  The current period is a good example.  To some readers, the decline of the last few months might appear grim.  However, when viewed longer term, and with the perspective that artificial government housing stimulus has just ended, that conclusion could be inaccurate. 

To gain some perspective, let us back track slightly.  April 2010 was the last month for federal stimulus.  Contracts had to be signed by the end of April, but there was some flexibility on official closing dates to qualify for the tax incentives.  The government intervention obviously beefed up April 2010 sales, by driving buyers into the market to get their cash.  The April 2010 number of 5.8 million looks robust, compared to an anemic 3.8 million in July 2010.  The improvement to 4.1 for last month (August 2010) is encouraging.  Some readers might feel that August 2010’s numbers, while improving, is still below the 5 million range we saw in much of last year. 

However, let us examine some of the potentially beneficial aspects in today’s property markets.  Despite much uncertainty in all investments, real estate offers a tangible place to park some portion of one’s savings.  Properties can be a fun  destination for generating rental income, as a vacation getaway or future retirement home.  NAR’s Chief Economist, Lawrence Yun points out that the residential property market is slowly recovering on it’s own, after substantial government support.  The August increase could be an indicator of this recovery.  The national median existing home price in August 2010 was $178,600 for all types.  This is up 0.8% from last year.  Any increase is impressive, given that deeply discounted properties, like foreclosures, currently make up about 1/3 of all real estate sales.  NAR President Vicki Cox Golder, feels many people are caught in the cross-fire of; Wall Street, the economy’s uncertainty, and housing’s positive aspects.  Prices seem to be stabilizing, interest rates for qualified buyers are low, and there is ample inventory of property for any category of real estate.

                                          

                              

Market timing is never an exact science.  Prices can go up or down. Each family or person must decide for themselves when to buy or sell.  When you are ready to move forward on TN Smoky Mountain real estate, visit us first.  We are leaders in fine Tennessee Smokies’ property.  Let us put years of area knowledge and expertise to work for you.  Contact us by phone at 877-678-2121 or go online to get started today!

Here are a Few of My Latest and Current Listings:

Fully Furnished and Ready for Rental
Great deal on a three level home that is fully furnished. Large bonus room that could be a theatre/bonus room.
Type: Single Family Home
Location: Chalet Village
Price: $179,900
Get more information >
Level Parking/Great Views of Mt LeConte!
Totally updated chalet with huge wrap around deck to enjoy the spectacular views of Mt LeConte. Private master with sitting area and custom tile shower and 2 shower heads and updated gourmet kitchen. Sold fully furnished and short walk to community pool.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $249,900
Get more information >
Contemporary Mtn Home w/Mt LeConte View
This contemporary mountain home as been updated. It offers amazing Mt LeConte views with master on main level and two bedroom suites and living room downstairs for privacy. Already on a rental program and producing great income.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $399,900
Get more information >

July 2010 Gatlinburg Real Estate and Mountain Homes of East Tennessee

Smoky Mountain real estate took positive steps in it’s move toward a market without federal stimulus.  I just received July 2010 real estate sales results from the Great Smoky Mountains Association of Realtors.  The results in various categories reveal clues to our market’s behavior.  Please keep in mind, this data covers July 2010.  Accuracy in market trends is best verified over a longer period of time, and not just 1 month.  In reviewing the GSMAR data, we should begin with number of residences sold.  This catagory includes; single family homes, condos, co-ops, and townhouses.  The current period had 111 residences sold vs 145 one year earlier.  The units sold is down by 34 or -23%.  This would seem negative until we examine other categories.

 Dollar volume sold for July of 2010 is $90,421,283 compared to $25,725,551 of July 2009.  July 2010 is up $64,695,732 or 251% higher.

Furthermore, July of 2009 saw an average sale of $177,418 per residence. Our July of 2010 average sale jumped to $814,606 for an increase of $637,188 or 359% higher.

In our final category of active listings, July 2010 has 4,058 compared to 3,545 in July of 2009.  Active listings are up 513, for a 14% increase.

In evaluating this data, some market aspects may be revealing themselves.  Currently, the federal homebuyer tax credit has expired.  This program was a powerful incentive for new homebuyers to enter the market.  In the short term, it has brought many new homebuyers into the market and it helped absorb some excess home inventory.  However, the data reveals that most of the homebuying occurred at the lower end of the market.  With the stimulus almost over (because of congressional action a few late closings may still trickle in), unbiased market activity is revealing itself. These July 2010 stats are showing that experienced homebuyers are coming off the sidelines to purchase higher priced properties. Without the large number of new homebuyers picking up lower end real estate, the “total dollar volume sold” and the “average sale price” has massively increased for July of 2010.  It is too early to be certain, but seasoned buyers could be returning to the real estate market.  These July 2010 figures seem to indicate that this activity is starting.

If you are considering East Tennessee real estate for some of your investments, begin on our website.  We have geared our site to be user-friendly, and we constantly update, to keep it current.  You set your personal search criteria, and it saves valuable time in viewing only property that meets your needs.  When the time arrives to personally view and close on your property, the experience and expertise of the Jason White Team is available to make your dream a reality.

Here are a Few of My Current Listings:

Fantastic Views With Great Rental Income
This unique one of a kind home is totally updated and is in excellent condition. The fantastic mountain view is enjoyed on the covered or sun decks. The level parking is an absolute bonus!
Type: Single Family Home
Location: Cobbly Nob
Price: $289,900
Get more information >
Spacious- Great For Entertaining!
Spacious with extraordinarily large deck to enjoy the beautiful mountain view. Fully furnished with tasteful furnishings and just around the corner from the Chalet Village Club House to enjoy swimming and tennis.
Type: Single Family Home
Location: Chalet Village
Price: $199,900
Get more information >
Great View Of Great Smoky Mountains
Live in the prestigious community of Riversong. With the Little Pigeon River close by to enjoy fishing,swimming, etc. This private 1.26 acre property is a must see with wonderful mountain views and just around the corner from the Great Smoky Mountains.
Type: Single Family Home
Location: Pittman Center
Price: $359,900
Get more information >

Official April S & P/Case-Shiller Home Price Indices Reflect County-Wide Results that Most Gatlinburg Realtors Already Know

Gatlinburg real estate results follow general U.S. property trends.  Long term realtors of the Smokies have watched our housing market follow the broad American property market.  In this blog, let us first examine the S & P/Case-Shiller April data in greater detail.  This specific index was started in 2006 to track U.S. home prices.  It began with 10 metropolitan population areas and expanded to 20.  Figures are compiled as “seasonally adjusted” and non-seasonally adjusted.  For you serious analysts, you can go to links online to view the home price indices model.  Click on the S & P/Case-Shiller April data link above.   However, in the interest of time for most blog readers here is the “cliff notes” version of the April results.  April 2010 was an improvement over March of 2010.  Similar improvement was observed in the 10 and 20 city composites of April 2009 over April 2010.  Given that April 2010 was the final month for the “homebuyer tax credit”, this was widely expected.  This general home price improvement does not indicate that a robust home price recovery is currently under way.  However, some intriguing details are revealed in the data from the indices. 

In sifting through the data you can see that favorite places with beauty and great climate have not radically declined like some metro areas.  Noteable examples are San Diego and San Francisco.  These locations of beauty and great climate have continued to attract homebuyers.  This contrasts with neighboring areas like Las Vegas.  Las Vegas was a skyrocket performer in the recent price bubble, that is currently struggling to rebound.

Over the years, we realtor/residents of the East Tennessee Smokies saw our area grow like much of the national real estate market.  However, our area never experienced insane price spikes like some areas.  Smoky Mountains homes enjoy great climate and awesome natural beauty.  The ease of access for over 1/2 the U.S. population is a bonus.  The multiple man-made activities are a draw that amps up the area’s tourist attraction.  In a time of economic uncertainty, the Smokies offer the real estate investor multiple options from houses, to rental properties.  Start looking on our website to begin your search.

Here are a Few of My Current Listings:

2.42 Acre Rocky Creek Frontage!
Level building site with beautiful rocky creek frontage. Only 1.5 miles to downtown Gatlinburg and southern exposure!
Type: Land
Location: Gatlinburg ,Tennessee
Price: $150,000
Get more information >
Upscale Neighborhood-Authentic Log Cabin
This authentic log home is located in an upscale neighborhood and is in excellent condition. Bedroom/Bath on each floor for privacy as well as a large gameroom for your enjoyment.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $249,900
Get more information >
Spectacular Smoky Mountain View!!
Unique opportunity to own a lot like this! Spectacular mountain and city view, with level building site.
Type: Land
Location: Gatlinburg ,Tennessee
Price: $125,000
Get more information >

U.S. Home Sales Continue to Improve

There is encouraging news that continues to build in the country’s housing market.  My realty news sources out of the National Association of Realtors in Washington D.C. are reporting improvement on multiple fronts within U.S. home sales.  In the first quarter of 2010 more metropolitan areas of the country are seeing home price increases, over the same period in 2009. There were 91 out of 152 metropolitan statistical areas, that saw higher median existing single-family home prices over 2009’s first quarter figures.  The national median existing single-family home price for the first quarter was $166,100.  2009’s first quarter median price was $167,300.  In a median price, 1/2 sell for more and 1/2 sell for less.  This slight decline shows a resilience in the housing market because the first quarter of 2010 contained 36% distressed homes.  “Distressed” homes are bargain priced, typically 15% below market price, and include; foreclosures, short sales, REO’s, etc.  With over 1/3 of the first quarter houses selling with below market prices, the balance of non-distressed homes must be improving their value to offset this difference.

NAR’s Chief Economist, Lawrence Yun is encouraged by the growing stabilization in home prices.  He continues to believe that the drop in inventory of homes for sale will promote home price stability.  The reduction of home inventories has been facilitated by the homebuyer tax credit stimulus.  Yun hopes that this federal stimulus will be enough to allow home prices to consolidate and then resume their upward trend. NAR President, Vicki Cox Golder sees a renewed confidence returning to homebuyers.  She also sees homebuyers moving into a “buy and hold” mindset that is moving away from the “buy and flip” mentality that became prevalent in recent homebuyers.  The NAR President feels that financing of homes may be the greatest hurdle to future home purchases.  Interest rates are beginning to rise and mortgage restrictions have been a challenge to closing deals for many realtors. 

If you have been entertaining the dream of owning a home in the Tennessee Smokies, now could be the time to buy.  There is a good supply of properties for sale.  For qualified buyers, there are good interest rates that are slowly beginning to increase.  Prices are off their highs on most real estate.  With the world’s currency and stock markets moving up and down like yo-yo’s, this could be a good time to put some investment into Smokies real estate.  At least it gives you a reason to come and visit the beauty and fun here in East Tennessee’s Great Smoky Mountains.  Surf our website and get your search parameters set to find the property you want.  Getting started with leading realty professionals of the Jason White Team is only a mouse click or phone call away.  Call today!  877-678-2121

Here are a Couple of My Latest Listings:

Level Parking/Great Views of Mt LeConte!
Totally updated chalet with huge wrap around deck to enjoy the spectacular views of Mt LeConte. Private master with sitting area and custom tile shower and 2 shower heads and updated gourmet kitchen. Sold fully furnished and short walk to community pool.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $249,900
Get more information >
Contemporary Mtn Home w/Mt LeConte View
This contemporary mountain home as been updated. It offers amazing Mt LeConte views with master on main level and two bedroom suites and living room downstairs for privacy. Already on a rental program and producing great income.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $399,900
Get more information >

Call me today at the Jason White Team to view any of my listings!  877-678-2121

Current Market Conditions Are Helping Existing Home Sales Rise

My news sources in Washington, D.C. at the National Association of Realtors are excited to see March “existing-home sales” rising as predicted.  The existing-home category includes; single family, townhomes, condominiums, and co-ops.  March data reveals a 6.8% increase over February. February’s figure was 5.01 million units with March increasing to 5.35 million units.  Lawrence Yun, the Chief Economist for NAR, was encouraged that home sales have experienced a broad-based recovery almost everywhere across the country.  Home sales have remained above prior year sales for nine consecutive months.  Another positive factor is that inventories of homes for sale have trended down for 20 months.  Yun feels that this decrease in homes for sale will stabilize home prices.  He feels that much middle class wealth is tied to the value of the family home. The Chief Economist is optimistic that the “home buyer tax credit” stimulus is effectively preserving middle class wealth through the stabilization of home pricing.  Yun is encouraged to see the supply of foreclosures quickly being absorbed by buyers.  This has been especially evident at the lower-end of the market where first-time homebuyers are competing for the deeply-discounted, foreclosed homes.  This process of lowering home inventories and price stabilization should continue as the tax credit stimulus expires at the end of April 2010.  NAR President, Vicki Cox Golder is also pleased with the current housing market.  Loan standards are tougher, but prices have become more reasonable and mortgage interest rates are close to historic lows.

If you are considering real estate here in East Tennessee’s Smoky Mountains, now is a great time to buy or sell.  Our selection of properties is good and qualified buyers will find good mortgage interest rates.  The real estate market in our area is favorable, with prices below their all-time highs.  Property in this area is reasonable with respect to taxes and prices.  On top of that, the scenery of the Smokies is incredibly beautiful.  If 2010 is your year for real estate in Tennessee’s Smokies, start now! You can get on our buyer-oriented website to begin.  Our site allows you to set personal criteria for your property search.  This saves everyone time.  When  you come for a visit, you look at your best selections and it allows you time to enjoy the area’s many different amenities.  Our team of professionals can assist in refining your search.  Begin today to find your property in the Smokies!

Here are a Few of My Latest Listings:

Estate Home on Lake Peninsula
This palatial,custom built, heirloom estate is a perfect home for entertaining or just relaxing by the waterside. With expansive views of Flat Creek(Douglas Lake) the surrounding mountain ridges and professionally landscaped grounds are impressive.
Type: Single Family Home
Location: Sevierville,TN
Price: $1,120,000
Get more information >
Incredible Smoky Mountain Home & Views!
Outstanding workmanship and distinctive design make this gorgeous mountain getaway with five master suites, gourmet kitchen, HUGE rec room and magnificent,unblemished views of the Smokies a one of a kind!
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $799,900
Get more information >
15 Acre Mountain Lodge!!
Breathtaking views from this Mountain Lodge, on 15 acres, located in prestigious Chalet Village. 12 Master Suites all with their own whirlpool baths, LCD TV’s,king beds & private balconies w/ views! Room to entertain 100 people with parking for 14 cars.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $1,870,000
Get more information >

Call today for more information on any of our properties!  877-678-2121

Data From the Great Smoky Mountains Association of Realtors Reveals Our Current Rebound

The primary function of my blogs and newsletters is to help educate my readers on real estate market conditions. I like my readership to be savvy to current real estate trends. When a good opportunity appears, readers can then move with confidence to acquire or sell their property. I utilize many sources to track the realty markets, but today we will review information from GSMAR. This local Great Smoky Mountain Association of Realtors tool gives us a focused look at all facets of Smokies real estate.

Today’s look compares Smokies residential sales for February 2010 vs February of 2009. In total residences sold, 2010 has 107 with 2009 at 74. The current year’s February, leads 2009 with 33 more residences sold (a  45% increase).

Quantity of homes sold   

Dollar volume sold for February 2010 is $20,591,043 vs February 2009 at $12,444,120. This is a 2010 increase of $8,146,923 or a 65% improvement over February 2009.

 Dollar volume sold

 In comparing the average residential sale for February 2010 to February 2009, our current year wins out 2010 is $192,440 vs 2009 at $168,164. 2010’s average sale is 14% higher or $24,276 larger than 2009.

 Average sale price

 Comparing the category of active listings February of 2010 is again superior. February 2010 has 3,779 listings, with February 2009 at 3,260. This shows an improvement of 16% or 519 more active listings for our current year’s February over the last.

 Quantity of active homes

Clearly there is robust improvement in this year’s residential sales for February, compared to the same time period in 2009. Units sold are up, sold dollar volume increased, average residence price sold increased, and active listings are higher. This data is certainly worth celebrating. However, I would advise my readers to be cautious. Some of this recovery is government driven, courtesy of the homebuyer stimulus tax credits. With that being said, there are still many factors that make this a favorable time to purchase or sell real estate in the Smokies. First, the tax credit for new homebuyers and repeat buyers is good through April 30th, 2010, and the purchase must be finalized by June 30th 2010 to qualify. Second, mortgage interest rates for qualified buyers are very low. Third, prices are stabilizing in many areas. It could be a time to lock in lower prices before they climb. In addition there are a lot of active listings, for a good selection of properties. Today’s data indicates that higher priced residences may be selling, with the average residence price increasing over February of 2009.

The uncertainties in the worlds stock markets, world currencies, and other investments, could make real estate a good asset in your personal portfolio. To get started on the path of Smokies real estate, contact the professionals on the Jason White Team today! You can reach us online or by phone to commence your property quest within a time frame that meets your personal requirements.

Here are a Couple of My Current Listings:

Heritage Log Home w/ Views of Mt LeConte
This beautifully built Heritage Log Home in prestigious Chalet Village has great views of Mt. LeConte. Private yet close to downtown shopping and dining. Three master suites for privacy and on a open lot with level parking.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $379,900
Get more information >
Short Sale’ Great Location!!
This conveniently located home is within walking distance of Community Center, Mills Park, schools, and Gatlinburg shopping and dining. Lovely wooded setting and nice furnishings.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $179,900
Get more information >
  Call us today for more information or to view these properties! Call Jason or Stephanie at 865-436-2121.
 

Real Estate Outlook: Warning of Slow Down?

Smoky Mountain CabinThough some economic analysts are warning that the housing market’s rebound will slow down as the weather turns colder, this week’s numbers show no hints of that. In fact, they’re actually pretty warm.

Start with house prices. The Clear Capital Home Data Index, which tracks price movements in thousands of neighborhoods and ZIP codes across the country, reported a 6.3 percent gain for the period covering August 27th through September 25th.

The latest index found prices up for the first time since 2006 in two of the hardest-hit real estate markets – Riverside-San Bernadino, California, and Orlando, Florida. Though the gains weren’t big – just 1.2 percent in Orlando, and half a percentage point in Riverside- San Bernadino – just the fact that they’re finally bottoming out has got to be good news for property owners and sellers there. Baltimore also saw its first positive price change in seven quarters on the Clear Capital Index, while other major markets continued their multi-quarter strings of gains.

Dallas-Ft. Worth, for example, saw prices rise by an average 2.3 percent. Miami-Ft. Lauderdale was up 3.4 percent, Houston 3.1 percent and even New York, which has had a tough time recently in Manhattan, posted a 1.6 percent jump. Meanwhile, the mortgage market continued to provide plenty of financing fuel for home buyers looking to use the $8,000 tax credit before it possibly disappears at the end of November.

The Mortgage Bankers Association says average thirty year rates dropped again last week in its national survey — hitting 4.89 percent — the lowest they’ve been since May. Fifteen year fixed rates decreased to just 4.3 percent, which is the lowest ever recorded in the mortgage association’s survey history. Not surprisingly, record low rates are pulling in massive numbers of new loan applications. Overall applications were up by 16 percent last week. Loans to people planning to buy homes jumped by 13 percent, while refinancing applications soared by 18 percent.

And here’s a truly amazing statistic: New mortgage applications to buy houses using FHA loans were 52 percent higher last week than they were a year ago! With mortgages flying out of banks with interest rates in the mid -to -upper four percent range, you don’t spend a whole lot of time worrying about a slowdown in the real estate rebound. Unless, of course, Congress doesn’t extend the $8,000 tax credit into next year. 
Feel free to contact the professionals at the Jason White Team for an in depth look at the Gatlinburg real estate.

                    Here are a couple of Jason’s Latest Listings!!    

 

 

 

 

Cozy Condo w/ Balcony Overlooking Stream
This conveniently located condo is only 1.5m from downtown Gatlinburg’s shopping and dining. Even has a woodburning fireplace and balcony to enjoy the beautiful mountain stream.
Type: Condo
Location: Gatlinburg ,Tennessee
Price: $86,900
Get more information >
This Spacious Home Has Lots to Offer!!
This spacious home has a wrap around deck with hot tub and covered front porch to enjoy the beauty of nature. Homeowner has included the vacant lot next door in the price and if you finish off the basement it would add 948 sq ft to this property.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $185,000
Get more information >