Fannie Mae’s Home Purchase Sentiment Index has soared to a high during the month of May. In the last month, statistics have shown that consumers have begun to feel more upbeat about selling their homes! After hitting an 18 month low in March, the index reached a reading of 85.3 in May. Several components in the index measures have registered great increases in last month alone. Consumers are reporting a significant increase in income compared to only a year ago. Consumer were also very upbeat about mortgage rates decreasing over the next year. “Continued home price appreciation has been squeezing house affordability, driving a two year downward trend in the share of consumers who think it’s a good time to buy a home,” said Doug Duncan of Fannie Mae. “The current low mortgage rate environment has helped ease this pressure, and fewer than half of consumers expect rates to go up in the next year.”
It sure does seem like a great time to be in the market! Why don’t you see what The Jason White Team can do for you?
1157 Eagle Pointe Way – $389,900 – 3 BR/3.5BA This beautiful log cabin has almost 3,400 square feet and features amazing mountain views. Located adjacent to Wears Valley, as well as minutes from shopping and attractions. Ideal as a permanent or second home–and also has incredible rental potential! Beautiful outdoor fire pit area, large master bedroom with a side deck & walk-in closet, & a large master bathroom with whirpool and beautiful tile walk-in shower. This home is truly a must see!
120 Bon Air Drive, Unit 3072 – $320,000 – 2BR/2BA This well-built, end unit condo is located right in the heart of downtown Gatlinburg. A quick walk can take you to many attractions, shopping, even the National Park. Gorgeous views of the smokies, downtown, and the Ober Gatlinburg tram! This condo offers a full kitchen with granite countertops, and a large living room/dining room combo, complete with a beautiful masonry fireplace. The huge master bedroom includes walk-in closet, a private walk-in shower in the bathroom, as well as a private deck off of the bedroom. Come and view this property!