Winterfest Kicks Into High Gear in Sevier County From Now Through Christmas and New Year’s!

Gatlinburg Winter

With the first dusting of snow in the Great Smoky Mountains this week, now is a great time to see the Smokies in all of its late fall and early winter glory! The Annual Winterfest is just starting up throughout Sevier County, and many events are about to begin, which will showcase the Great Smoky Mountain area in all of its wonder and glory.

One event about to begin in Gatlinburg itself is the Annual Gatlinburg Winter Magic Trolley of Lights, which actually starts this week, and goes through until January 25, 2014. Visitors can soak up the spirit of the Gatlinburg Winter Magic season from the comfort of a Gatlinburg Trolley by taking the relaxing Trolley Ride of Lights. The specially designated trolleys carry their guests on a memorable journey through downtown and adjacent Hwy. 321, allowing everyone to experience the magical wonder of Gatlinburg Winter Magic. Displays featuring animals indigenous to Great Smoky Mountains National Park including deer, foxes, squirrels and rabbits are part of the program.  Trolley times in Gatlinburg are at 6:30, 7:30 and 8:30 each evening, respectively. For more information, please go to http://www.gatlinburg.com/events/details.aspx?id=13.

Other Gatlinburg-area events during this season include the Festival of Trees, which is scheduled during the Thanksgiving holiday week, as well as the Great Smoky Thanksgiving Arts and Crafts Show, Gatlinburg Winter Magic, which starts on December 1 and lasts through February, and much, much more! For more information, please go to http://www.gatlinburg.com/events/winter.aspx.

There are also many great events in and around Sevier County, especially in Pigeon Forge and Sevierville, which also feature well-known light displays and events centered around the upcoming holiday season. For more information on Pigeon Forge Winterfest events, please go to http://www.mypigeonforge.com/events/winterfest. For more information on Sevierville’s events during the holidays, please go to http://www.visitsevierville.com/winterfest.aspx.

Events such as these are among the many reasons why the Smokies are a wonderful place to come during the Thanksgiving, Christmas, and New Year’s holidays. Why not also see what else the Smokies can offer you during this late fall and early winter season? There are many great properties still available in the area, so please feel free to browse our available properties, and see what is possible for your home ownership dreams today, right here in the Great Smoky Mountains!

 

Here Are A Few of My Featured Listings:

Log-Style Home Mins. to Gatlinburg! Well-constructed, log-style, wood frame home with spectacular views of the Smokies, and only minutes to downtown Gatlinburg! Type: Single Family Home Location: Gatlinburg, Tennessee Price: $359,900 Get more information >
Charming, Log Chalet w/Amazing Views! Charming, log chalet with amazing views of Great Smoky Mountains, especially of Mt. LeConte and Clingman’s Dome, within minutes to downtown Gatlinburg! Type: Single Family Home Location: Gatlinburg, Tennessee Price: $259,900 Get more information >
Luxurious Chalet Near Ober Gatlinburg! Luxurious, 3000+ sq. ft. log chalet located in Chalet Village, and only minutes to downtown Gatlinburg and Ober Gatlinburg! Type: Single Family Home Location: Gatlinburg, Tennessee Price: $499,900 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: www.SmokyMountainLifestyle.com

Heading Into November, The Great Smoky Mountain Real Estate Market Continues to Show Slow, But Steady, Growth

The Road To Home Ownership

For much of this year, we have seen both the national and local real estate markets continue to show slow, but steady, growth on the whole. As we look at the statistics for the Great Smoky Mountain real estate market through October of this year, we will see that these trends, particularly in this real estate market, are continuing, even in spite of the recent government shutdown. Let’s now see what the numbers have to say.

 

In the category of Residences Sold, we see that in comparing October 2013 to that of October 2012, the number of residences sold actually increased by 1% in terms of homes sold, in that 11 more homes were sold as of October 2013, as opposed to October 2012. This continues a trend of steadiness, and even very slight growth, in the real estate market as a whole, and as we look at the rest of the statistics, we will see that the market does indeed reflect a steady and slowly growing trend on balance, and we expect this to continue and improve over time.

NOVEMBER 8 BLOG - GRAPH 1

 

In the category of Residential Dollar Volume for the year, we actually see an increase of 6% through October of this year, as opposed to through October in 2012. With the steadiness of the numbers as it relates to Residences Sold, the recent local and national trends of increasing home prices continue to show that a greater dollar volume in homes are being sold, along with continuing to show a slow and strengthening market reflective of greater confidence on the part of both buyers and sellers.

NOVEMBER 8 BLOG - GRAPH 2

 

There is also continued good news for sellers in the Average Sold Price Category. In line with statistics so far for the year, prices still show a slow, but gradual, rise of 5% in October of this year versus that of October 2012, reflecting the recent local and national trends towards higher home prices. As inventory continues to decrease, we expect average home prices to continue their slow and gradual increase, in line with both national and local real estate market trends.

NOVEMBER 8 BLOG - GRAPH 3

 

In addition, available homes on the market are actually increasing at the moment. Through October 2013, as opposed to October 2012, there is an increase by 1% of homes being listed as available on the market, or an increase of 69 available homes on the market, in October 2013, as opposed to October 2012. We see that higher home prices, as well as the very slight increases in homes being sold, may be contributing to more people wanting to place their homes on the market, thereby causing a slight increase in available housing inventory. While it is too early to tell if the trend will continue, there are more available homes on the market in October 2013, as opposed to one year ago, which could indicate greater confidence on the part of those wanting to place their homes on the market.

NOVEMBER 8 BLOG - GRAPH 4

 

As markets continue this gradual trend of growth locally and across the nation, home prices will continue their rise and housing inventory will continue to decrease. Mortgage rates still remain at historically low rates, and there are still plenty of housing options to choose from, especially in the Great Smoky Mountain real estate market. Why not start your Great Smoky Mountain home search now by visiting our website, browsing our available properties, and seeing what the Smoky Mountain area has to offer for your and home ownership dreams today?

 

Here Are A Few of My Featured Listings:

 

Spacious Riverfront Home in Sevierville Spacious, 3000+ sq ft home located along the beautiful Pigeon River, which is located right behind this home! Type: Single Family Home Location: Sevierville,TN Price: $329,900 Get more information >
Fantastic 180 Degree Smoky Mtn. Views Fantastic 180 degree view of Mt. LeConte & the Smokies from every room. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $479,900 Get more information >
Unique Chalet Adjacent to Nat’l Park! The enchanting, twinkling lights of Gatlinburg far below and majestic mountain vistas are what you’ll see from your own pristine 12 acre estate. Imagine having a 530,000 acre backyard! Type: Single Family Home Location: Gatlinburg,Tennessee Price: $697,000 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: www.SmokyMountainLifestyle.com

Featured Listing for November 5, 2013 – Misty Mountain (808 San Remo Drive)

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The enchanting, twinkling lights of Gatlinburg far below and majestic mountain vistas are what you’ll see from your own pristine 12 acre estate. Imagine having a 530,000 acre backyard! It is here that the Great Smoky Mountain National Park wraps around your very own unique, wildlife sanctuary.  You can walk out your back door and in minutes be at Cataract Falls or stroll along the river into town. Perhaps, you might like instead to drive an easy mile from your 6000 square foot home into town for fine dining and entertainment, which you can do in minutes. All of this and so much more awaits your inspection of this incredible, one of a kind property.

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This 12 acre property has access to water and sewer lines for any possible future development. It features a level yard with an orchard of peach, cherry and plum and well as plenty of space for a garden. This mountain estate features three levels with four bedrooms plus numerous other rooms with plenty of room for dining and entertainment. It also includes a sauna, hot tub and gym. Totally remodeled and ready to be used as a residence, vacation rental, or retreat center. New hardwood flooring, new HVAC, new roof, new appliances, and new light fixtures. Additionally, two massive hand-crafted, wood burning stone fireplaces which feature the artistry of a master stone mason. The one in the main living area soars upward seventeen feet to the skylighted ceilings. Additionally there are two gas stone fireplaces, stone and slate patios, open sun deck, enclosed sun room, mature gardens, and several fenced acres for pets to create an environment that is truly one of kind. You’ll never find another unique place like this one! Especially, since it’s priced $100,000.00 below appraisal!!! Once this is grabbed up, there isn’t another one like it.  So when might be the best time for you to see it? . Right now, before it’s gone!
Unique Chalet Adjacent to Nat’l Park! The enchanting, twinkling lights of Gatlinburg far below and majestic mountain vistas are what you’ll see from your own pristine 12 acre estate. Imagine having a 530,000 acre backyard! Type: Single Family Home Location: Gatlinburg,Tennessee Price: $697,000 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: www.SmokyMountainLifestyle.com

Federal Reserve’s Decision Wednesday to Continue Stimulus Could Keep Short-Term Interest Rates Low for Immediate Future

Real Estate Investing

On Wednesday, the Federal Reserve made the announcement that it would continue its long-running stimulus program of asset purchases and low interest rates. The Fed was widely expected to continue adding $85 billion a month to its portfolio of Treasury securities and mortgage-backed securities, particularly after the disruptive partial shutdown of the federal government in the first half of October.

The Fed maintained a relatively optimistic economic outlook in the statement, released after a scheduled two-day meeting of its policy-making committee. It said the economy continued to expand “at a moderate pace” and that the availability of jobs continued to improve.

“Taking into account the extent of federal fiscal retrenchment over the past year, the committee sees the improvement in economic activity and labor market conditions since it began its asset purchase program as consistent with growing underlying strength in the broader economy,” the Federal Open Market Committee said in its statement. “However, the committee decided to await more evidence that progress will be sustained before adjusting the pace of its purchases.”

As a result of the Fed’s decision, the expectations are that short-term interest rates will remain low, at least for the immediate future. Fears about higher interest rates, especially on mortgages, have been on the rise since the Fed had also recently indicated a slowdown, or tapering, of its ongoing stimulus program. Fed officials had spent much of the summer preparing investors for a retreat from the bank’s stimulus campaign before the end of the year. That remains a possibility: The Fed’s policy-making committee is scheduled to meet for the final time this year in mid-December. However, no timetable or other decision on any tapering is expected from the Fed until at least mid-December, at the earliest.

What does this all mean for you? With low short-term interest rates still anticipated for at least the immediate future, there are many great deals and properties available here in the Great Smoky Mountains, with many types of homes and great deals still available! Please feel free to browse our available properties today, and let us help you find the home of your dreams!

Here Are A Few of My Featured Listings:

Unique Chalet Adj. to Ober Gatlinburg! Uniquely built and designed 1BD/1BA chalet located along Ski Mountain Road, close to Ober Gatlinburg, and mins. to downtown Gatlinburg! Type: Single Family Home Location: Gatlinburg, Tennessee Price: $129,900 Get more information >
Contemporary Home w/Mt. LeConte View! Well-built and designed 3BD/2.5BA home with a bonus room and attached 2-car garage, located just minutes from dwtn. Gatlinburg and all of the attractions. Type: Single Family Home Location: Gatlinburg, Tennessee Price: $375,000 Get more information >
Unique Chalet Adjacent to Nat’l Park! 12 pristine acres bordering Great Smoky Mtns. National Park w/direct views of downtown Gatlinburg & surrounding mtns. Cove Mountain Trail literally touches the rear property line. Type: Single Family Home Location: Gatlinburg,Tennessee Price: $697,000 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: www.SmokyMountainLifestyle.com

Fall Festivals Are in Full Swing Throughout Sevier County This Weekend!

Gatlinburg Fall Leaves

The fall season is a special time for visitors and residents of Sevier County, and this fall is no exception. With the changing of the leaves, there are many great activities currently underway and ongoing that brings in people from hundreds of miles away in our area. This week’s blog features at least three of the major fall festivals currently going on as we speak, and help to create a wonderful time of year here in the Great Smoky Mountains.

One festival currently going right here in Gatlinburg is the 38th Annual Fall Craftsmen’s Fair, which last until this Sunday, October 27th, at the Gatlinburg Convention Center in downtown Gatlinburg. Each day of the fair is from 10 AM-6 PM, except for Sundays, when it will run from 10AM- 5 PM. This fair is held twice a year, in the summer and the fall seasons, and attracts lots of visitors and artists to the Gatlinburg area. For more information, please visit http://www.craftsmenfair.com/fall-fair.php or http://www.gatlinburg.com/events/details.aspx?id=10.

Another festival taking place right now at Ober Gatlinburg is the annual Oktoberfest celebration, which actually started on September 27th and goes through until November 3rd at Ober Gatlinburg resort. People wanting to go can take the 120-passenger Aerial Tramway from downtown Gatlinburg to Ober Gatlinburg, and also see the Wildlife Encounter at Ober Gatlinburg, including the Municipal Black Bear Habitat and Birds of Prey exhibits, among other attractions. For more information on this festival, as well as information about Ober Gatlinburg itself, please go to http://www.gatlinburg.com/events/details.aspx?id=80, or to http://www.obergatlinburg.com/event/86/.

At Dollywood in Pigeon Forge, the National Southern Gospel and Harvest Celebration is currently underway, starting on October 2nd, and lasting until November 2nd, at Dollywood. This celebration brings lots of singers and groups to the area, and is set amidst the backdrop of the world-famous Dollywood. All concerts are included with Dollywood admission. For more information on this festival being held at Dollywood, as well as Dollywood itself, please go to http://www.dollywood.com/themepark/festivals/National-Southern-Gospel-Harvest-Celebration.aspx.

These are just a few of the festivals and activities being held in the Great Smoky Mountains region right now. With the recently re-opened National Park, as well as numerous other venues and events throughout Sevier County, fall is a very active time for our area, bringing people from all over to see the greatness and uniqueness of the Smokies.

While enjoying these great activities and festivals, why not also see what else the Smokies can offer you? Please feel free to browse our available inventory of properties, and see what is available for you if you are thinking about buying a new home in the area. Let our team help you realize your home ownership dreams today, as we have many great properties still available!

 

Here Are A Few of My Featured Listings:

Private Home w/Spectacular Mtn. Views! Private, wood frame home located off Wiley Oakley Drive with spectacular Mountain views! Type: Single Family Home Location: Gatlinburg, Tennessee Price: $139,900 Get more information >
Spacious Sevierville Home w/Great Views! Spacious brick, frame home w/front and back yards located in great subdivision in Sevierville, and minutes from Pigeon Forge and Dollywood! Type: Single Family Home Location: Sevierville,TN Price: $249,900 Get more information >
Fantastic 180 Degree Smoky Mtn. Views Fantastic 180 degree view of Mt. LeConte & the Smokies from every room. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $479,900 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: www.SmokyMountainLifestyle.com

Great Smoky Mountains National Park Is Once Again Open!

November In The Smokies

On Wednesday morning, roads and trails into the Great Smoky Mountains National Park were finally re-opened, 15 days after being closed due to the recent government shutdown. Traffic was lined up outside the Townsend entrance to the park before it opened as tourists waited to enter. A ceremony celebrating the reopening had to be moved to the Tremont campground because of the traffic.

“We had traffic backed up at the Sugarlands and we also had traffic backed up from here at the “Y”  all the way into Townsend,” said Blount County Mayor Ed Mitchell. “That gives you an idea of what we were missing on a daily basis by this park being shut.”

Due a recent deal between Tennessee Governor Bill Haslam and North Carolina Governor Pat McCrory, as well as support from county leaders in Sevier and Blount Counties, the park was temporarily re-opened from Wednesday, October 16th, until this Sunday, October 20th, at 11:59 P.M. However, the recent ending of the government shutdown as of last evening by the federal government further means that the National Park will remain open for the foreseeable future, past this Sunday at 11:59 P.M.

The National Park costs $60,100 to operate per day, according to the National Park Service. Prior to the resolution of the shutdown last evening, it would take $300,500 to keep the park open for the five days called for in the state-to-state brokered deal. All national parks were closed October 1 when Congress failed to pass a funding bill, leading to a partial government shutdown. However, the federal government agreed last week to allow states to re-open national parks if they paid for the operating costs. In addition, bills introduced in the U.S. House and Senate would reimburse states within 90 days for any costs associated with reopening the parks during the shutdown. Now that there is a resolution to the shutdown by the federal government as of last evening, the National Park is on track to remain open for the foreseeable future.

What does this all mean? For now and into the foreseeable future, it appears that the National Park will be open, and will remain open, to the public, following the last evening’s resolution to the recent government shutdown by the federal government. This comes during the middle of the changing of the leaves in the fall season here in the Smokies, which attracts many people to the area every year and is expected to do so again this year.

While enjoying the wonder and splendor of the Great Smoky Mountains, as well as the now re-opened National Park, why not see what else the Smokies can offer you? Please feel free to browse our available properties, and see what is available for you if you are thinking about buying a new home in the area. Let our team help you realize your home ownership dreams today, as we have many great properties available!

 

Here Are A Few of My Featured Listings:

Unique Contemporary Home w/Mtn Views Come & enjoy this one of a kind, unique, contemporary home! This 5000+ sq ft, 4 BD/3 BA home is located just off the Parkway in Sevierville in a beautiful, private neighborhood! Type: Single Family Home Location: Sevierville,TN Price: $325,000 Get more information >
Chalet w/ Amazing Mtn. Views Beautiful 3 BD/3 BA Mountain Contemporary Chalet located minutes from downtown Gatlinburg and Ober Gatlinburg! Type: Single Family Home Location: Gatlinburg,Tennessee Price: $299,900 Get more information >
Beautiful Mountain Sunsets Incredible large diameter log construction creates a special, solid, and timeless appeal. Type: Single Family Home Location: Pigeon Forge Price: $450,000 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: www.SmokyMountainLifestyle.com

Latest News from the National Association of Realtors (NAR) Shows Existing Home Sales Are At Their Highest Levels Since 2007

real_estate_contract

 

Existing-home sales increased in August and reached the highest level in six-and-a-half years, while the median price shows nine consecutive months of double-digit year-over-year increases, according to the National Association of Realtors (NAR).

Total existing home sales, which include completed transactions for single-family homes, townhomes, condominiums, and co-ops, went up by 1.7% to a seasonally adjusted annual rate of 5.48 million units in August from that of 5.39 million units in July. This is also 13.2% higher than the 4.84 million units sold in August 2012, one year prior to August 2013.

Sales are at the highest pace since February 2007, when they hit 5.79 million, and have remained above year-ago levels for the past 26 months.

According to Lawrence Yun, the chief economist for NAR, “rising mortgage interest rates pushed more buyers to close deals, but monthly sales are likely to be uneven in the months ahead from several market frictions.” These could include decreasing existing home inventories, as well as more restrictive lending standards, along with the potential for higher interest rates in the long-term.

In addition, while it is unclear at this point, the ongoing government shutdown could also pose potential longer-term complications from agencies, such as FHA (Federal Housing Administration), the IRS, and others, being at least partially shutdown or closed all together. External pressures such as these also could have a longer-term impact on the market itself.

However, according to NAR President Gary Thomas, “As the equity position of most homeowners continues to improve, some who have been on the sidelines will list their home for sale,” he said. “Most of those owners also will be buying another home, but higher levels of new home construction going into 2014, combined with some reduction in demand from less favorable affordability conditions, will help to moderate price growth to more sustainable levels.”

What does this all mean for you? Right now, there are still many great properties available in the Great Smoky Mountains real market, and if you are interested in buying a new home, today is the best time for you to realize your dreams of home ownership. Please feel free to browse our available properties, and see what we can do to help you find a new home here in the Great Smoky Mountains today!

 

Here Are A Few of My Featured Listings:

Great Mountain View Consistently produces income in the high $20k range. Cabin with a view, tongue and groove throughout, wood floors, recreation room with pool table and air hockey for your enjoyment. Type: Single Family Home Location: Pigeon Forge Price: $239,900 Get more information >
Picture Perfect Log Cabin Almost $25,000 in rental income for 2012! Well built log cabin with privacy and only 5 miles to Pigeon Forge. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $219,900 Get more information >
Close Up City & Mountain Views Almost $50,000 in rental income for 2012! This is designed to be a year around home or an income producing rental. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $439,900 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: www.SmokyMountainLifestyle.com

 

Heading Into October, The Smoky Mountain Real Estate Market Remains Steady in Terms of Slow, Gradual Growth

The Road To Recovery

For much of this year, we have seen both the national and local real estate markets continue to show slow, but steady, growth on the whole. As we look at the statistics for the Great Smoky Mountain real estate market through September of this year, we will see that these trends, particularly in this real estate market, do continue. Let’s now see what the numbers have to say.

In the category of Residences Sold, we see that in comparing September 2013 to that of September 2012, the number of residences sold is relatively unchanged, showing only a one (1) home decrease from September 2012 to September 2013. This shows and reflects a general steadiness in the real estate market, and as we look at the rest of the statistics, we will see that the market is still quite steady at the moment, and we expect this to continue and improve.

RESIDENCES SOLD THROUGH SEPTEMBER 2013

In the category of Residential Dollar Volume for the year, we actually see an increase of 5% through September of this year, as opposed to through September in 2012. With the steadiness of the numbers as it relates to Residences Sold, the recent local and national trends of increasing home prices continue to show that a greater dollar volume in homes is being sold, along with continuing to show a slow and strengthening market reflective of greater confidence on the part of both buyers and sellers.

TOTAL RESIDENTIAL VOLUME THROUGH SEPTEMBER 2013

There is also continued good news for sellers in the Average Sold Price Category. In line with statistics so far for the year, prices still show a slow, but gradual, rise of 5% in September of this year versus that of September 2012, reflecting the recent local and national trends towards higher home prices. As inventory continues to decrease, we expect prices to continue their slow and gradual increase, in line with both national and local trends.

AVERAGE SOLD PRICE THROUGH SEPTEMBER

In addition, available homes on the market are actually holding relatively steady at the moment. Through September 2013, as opposed to September 2012, the percentages are relatively unchanged (0%), and actually show a two (2) home increase in housing inventory. As activity continues to remain steady, we expect to see a steadiness, and possibly a decline, in the available housing inventory in the near future.

AVAILABLE HOME INVENTORY THROUGH SEPTEMBER

As markets continue this gradual trend of growth across the nation, home prices will continue their rise and housing inventory will continue to decrease. Mortgage rates still remain at historically low rates, and there are still plenty of housing options to choose from, especially in the Great Smoky Mountain real estate market. Why not start your Great Smoky Mountain home search now by visiting our website, browsing our available properties, and seeing what the Smoky Mountain area has to offer?

 

Here Are A Few of My Featured Listings:

 

Spacious Riverfront Home in Sevierville Spacious, 3000+ sq ft home located along the beautiful Pigeon River, which is located right behind this home! Type: Single Family Home Location: Sevierville,TN Price: $329,900 Get more information >
Unique, Private Home Close to Gatlinburg Unique, private, wood-style home located only mins. to downtown Gatlinburg. Type: Single Family Home Location: Gatlinburg, Tennessee Price: $139,900 Get more information >
Rustic Charm – Modern Comfort Over $20,000 in rental income in both 2011 & 2012. This log cabin nicely displays a nice balance of rustic charm blended with modern comfort. It features true log construction with high ceilings and an open floor plan. Type: Single Family Home Location: Chalet Village Price: $139,900 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: www.SmokyMountainLifestyle.com

Federal Reserve’s Latest Message May Encourage Greater Short-Term Housing Affordability

Real Estate Investing

In a surprise move, the Federal Reserve voted last Wednesday to continue its stimulus through the buying of securities, including the continuation of purchases ofagency mortgage-backed securities at a pace of $40 billion per month, as well as longer-term Treasury securities at a pace of $45 billion per month. This went against the expected and anticipated notion that the Fed was considering tapering, or slowing down, of its stimulus efforts.

In its decision, the Fed cited concerns regarding the rate of growth in the economy as a whole, as well as concerns about the recent trend of rising mortgage rates at a time when the housing market is starting to recover from the Great Recession of 2008.

At a press conference last Wednesday, Fed Chairman Ben Bernanke stated that the Fed, by its decision, is “avoiding a tightening until we can be comfortable that the economy is in fact growing the way that we want it to be growing.”

One of the significant impacts of this decision was that The Fed’s bond purchases benefit borrowers by pushing down long-term interest rates. The yield on the benchmark 10-year Treasury note dropped sharply after the Fed announcement. Rates on mortgages and many other consumer and business loans tend to parallel the 10-year Treasury’s yield, and also saw declines in rates following the Fed announcement.

According to Gus Faucher, a senior economist at PNC Financial Services Group, “It helps people who are looking to buy a house in the near term.” In addition, Mr. Faucher also stated that “it makes housing more affordable. That’s one reason the Fed decided not to act — to make sure the recovery in the housing market continues.”

What does this all mean? Essentially, the Fed decided not to discontinue the buyback of asset-backed securities, at least for now, due in part to concerns about rising mortgage rates and their impact on the housing market, which has been gradually improving throughout this year. Therefore, the expectation is that there will be no tapering by the Fed, and any efforts to decrease the Fed’s stimulus will not occur in the short term, thereby keeping mortgage rates lower, at least for now.

Why not consider buying a new home in the Great Smoky Mountains today? We have many great properties available, and with still historically low mortgage rates, today is the day for you to realize your dreams of home ownership! Please feel free to browse our available inventory of homes today, and then contact one of our buyer specialists today to how we can help you find a new home! Take the first step today in finding the home of your dreams, right here in the Great Smoky Mountains!

 

Here Are A Few of My Featured Listings:

Luxurious Log Cabin Mins. to Dollywood! Spacious, luxurious 5 BD/4 BA home located mins. from Dollywood and Pigeon Forge! Type: Single Family Home Location: Pigeon Forge Price: $289,900 Get more information >
3.84 Acres & On The River Beautiful river frontage along the middle prong of the Pigeon River, known and verified to be the cleanest in the state. Beautiful, 30′ deep pool and huge boulders create a scenic park like setting. Type: Single Family Home Location: Sevierville,TN Price: $259,900 Get more information >
Wears Valley Luxury You’ll notice the unusually high quality construction from the moment you pull in the driveway. Type: Single Family Home Location: Pigeon Forge Price: $575,000 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: www.SmokyMountainLifestyle.com

The 14th Annual Dumplin Valley Bluegrass Festival Comes to Sevier County This Weekend!

banjo

One of the greatest and most unique features of the Great Smoky Mountain region is its tradition of music, including bluegrass music. This weekend, starting Thursday, September 19th, and going until Saturday, September 21st, the Dumplin Valley Bluegrass Festival will be held in the Kodak, TN area, featuring a wide array of bluegrass artists and wonderful music.

The Dumplin Valley Bluegrass Festival is an annual event in its 14th year for 2013. Featured artists/bands are world-class, award winning musicians who travel worldwide entertaining bluegrass lovers. The event is geared for all ages and is held Swaggerty’s Farm, in the Kodak area, which also incorporates an RV Park.

Featured bluegrass artists will include groups like Flatt Lonesome, Rhonda Vincent and the Range, Bridging the Gap, the Lonesome River Band, and many, many more well-known bluegrass artists. Tickets start at $21 on Thursday (if bought in advance), or $27 at the gate, and then on Friday and Saturday, tickets are $27 for each single day (in advance), and $30 at the gate. You can also buy an advance weekend pass for $75 for all three days, or you can get the same pass for $80 at the gate. However, children 12 years old or younger will be admitted for free. The Festival is located at 525 East Dumplin Valley Road, Kodak, TN 37764, which is off of Exit #407 on I-40. You can call for more information at (865) 397-7942, or you can also visit their website at www.dumplinvalleybluegrass.com.

Events like this make the Great Smoky Mountain region a unique place that is rich in culture, history and tradition. Festivals like this one create a unique sense of community for people in this area, and further add to the diversity of what the Smokies can offer to people, whether you are visiting for the first time, or have been here your whole life. Why not also take this opportunity to also look around and see what else this wonderful region has to offer for you? Please feel free to browse our inventory of available homes, and see what this area can offer you in helping realize your dreams!

 

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Private, Log Home Near Dwtn. Gatlinburg! Private, 2 BD/2 BA log-style home located within walking distance to downtown Gatlinburg! Type: Single Family Home Location: Gatlinburg, Tennessee Price: $219,900 Get more information >
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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: www.SmokyMountainLifestyle.com