Continued Good News in U.S. Home Prices Support Housing Market Stabilization

Log Cabin in TennesseeOne of my news sources referenced a Thomson Reuters story out of Washington DC for September 29th, 2009 which continues to support U.S. housing market stabilization.  Here are the key points.  Economists who work on the S & P Case-Shiller 20 city home price index were initially expecting prices to fall by 14.2% for 2009.  These economists were surprised by only a year-to-date 13.3% decline.  While this is still a decline, it is less than forecasted.  The official month end figures are due out next week, but an early look shows that S & P 20 city and 10 city home price indexes are trending upward for the 6th consecutive month.  Eighteen out of 20 cities showed price gains while Las Vegas and Seattle declined.  Chairman, David Blitzer of the S & P Index Committee urged caution during the early stages of national real estate price stabilization. The chairman, felt challenges to a full recovery lie ahead in 3 areas;  unemployment rates could increase in the months ahead,  more foreclosures might follow the unemployment, and the Federal First-Time Buyers Tax Credit is due to expire the end of November.  These factors influence the housing market and their impact has yet to be seen.

However, guessing the timing in any investment market is the most challenging component.  Cashing out at the peak of an investment or buying in at its’ bottom is everyone’s ideal.  For most people, if a home or property is financially affordable and matches their criteria for; quality, style, and location, anytime can be appropriate for buying or selling.  If you are looking for a home, property, or real estate investment in the area of the Great Smoky Mountains, the professionals at the Jason White Team are your answer. We can match you to your real estate dream.  Contact me or my co-workers today to get started.

 

                             Here are two of my current listings!

Great Rental Cabin w/ Mountain Details!
This very cute log cabin is in a planned unit development but is very secluded. It offers many unique touches with woodsy/themed decorations and details. Many upscale updates and convenience to Gatlinburg.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $147,500
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Private with Lots of Rock and Creek
Centrally located in upscale community of Riversong just minutes from Gatlinburg. 5 Bedroom with 5 in suite baths. Private and wooded with common access to River for swimming and fishing. Plus listen to the sounds of water from creek on property.
Type: Single Family Home
Location: Pittman Center
Price: $225,000
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