Great pricing is a prime motivator to purchase Gatlinburg real estate. However, timing a market bottom to buy, can be one of the trickiest investment manuevers to master. Each week, we try to bring our blog readers interesting market perspectives from a multitude of different sources. One of these opinions may peg real estate precisely for our area. Ultimately, each buyer or seller must determine their own timing to enter or exit a market. The following article is from The Wall Street Journal, on April 6th, 2011. The story focuses on Zillow research that questions whether home price decreases are backing off. January saw home price declines of 1.3%. February declines were down to 1.1%. Recent homes listed on the market are slowing in their price reductions. As the article points out, no one is sure prices have stabilized. However, some realty indexes like Case-Shiller are slow to indicate a change because of the way their indicator model operates. With Case-Shiller, the evidence of price trends is several months out. Some people believe that the lessening in price reductions is directly related to a slower influx of financially distressed property. Foreclosures and short sales have certainly exerted downward pressure on home pricing across the nation over the past several years. Any market slowdown in these financially distressed properties is bound to help strengthen prices in normal valued properties.
Everyone must make their own decisions on buying or selling. Prices could be at a bottom and interest rates will probably be headed higher as well. When you decide to enter the real estate market, contact our website to get started.
Here are a Few of My Current Listings:
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Looking for a VintageDuplex/Gatlinburg This is a vintage 2 story duplex that has been lovingly cared for. Live on one floor and rent out the other to recoup some of your mortgage payments. Studio apt on top floor w/ fireplace. If both floors are rented you could generate around $15,000 per yr. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $105,000 Get more information > |
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Updated with Private Bedroom Suites! Want a great investment property? Then this is it! Already on a rental program and has a great rental history. Recently updated, offers private bedroom suites, and has a sky walk to balcony and mountain views. Type: Single Family Home Location: Chalet Village Price: $249,900 Get more information > |
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Upscale Neighborhood-Authentic Log Cabin This authentic log home is located in an upscale neighborhood and is in excellent condition. Bedroom and bath on each floor for privacy as well as a large gameroom for your enjoyment. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $239,900 Get more information > |