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 >
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