Gatlinburg Homes and Residences Across the Nation Showed Gains in September

Posted by Gatlin on
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 >

Official August 2010 Pending Home Sales and Housing Affordability is Great for Gatlinburg Real Estate

Posted by Gatlin on
Sunrise on Mt LeConte

 

The entire spectrum of Smoky Mountain real estate is currently enhanced by NAR’s data for August 2010.  As the country’s largest trade association, the National Association of Realtors uses some of its’ resources to supply members with nation-wide statistics on realty sales.  This data helps individual members better understand cycles in their own local markets.  There are 2 indices for August 2010 that are highlighted for this week’s blog.  The first index for our inspection is the Pending Home Sales Index.  Our blog has often referred to the PHSI.  This index is a future-oriented indicator.  It tracks home sales that are under contract, but not officially closed. Typically contracts on the PHSI officially close within 1-2 months.  New blog readers can trace the links on the specifics of the PHSI.  The NAR statisticians show that July 2010’s figure of 78.9 rose 4.3% to 82.3 in August.  The July and August 2010 index totals have shown increases, but they are below the August 2009 level of 103.0.  All of these need to be viewed in the light of federal government stimulus.  Last year’s figures were massively driven by federal intervention.  The current national real estate market is struggling to find it’s way back to a free market, outside of government stimulus.  This will take time since other related areas of our economy are also undergoing government intervention.   

Another influential index of note is Housing Affordability.  Current data shows that qualified buyers will find suitable factors enhancing their housing purchase.  First and foremost is the influence of low mortgage interest rates.  This along can make a home purchase very affordable.  The second key item in property purchases is the initial property costs.  Prices are certainly off their highs in almost all areas of the nation.  Most markets are seeing prices stabilize.  In prime real estate areas, prices on property may be starting to increase.  NAR Chief Economist, Lawrence Yun, cautions everyone that recovery in real estate takes time.  Factors like; job creation, consumer confidence, low inflation, and low interest rates are keys to sustained economic improvement.   

If you are considering a property purchase here in the East Tennessee Smokies, now could be a great time.  It is challenging to predict future events with precise knowing.  However, current conditions are favorable and other investment arenas are potentially more risk-prone than real estate.  Begin your search on our website in the comfort of your own home.  When it is time to finalize your purchase, the experience and expertise of the Jason White Team is available to turn your dream into reality. Contact us to get started today.   

Here are a Few of My Latest and Current Listings:  

Privacy with 5 acres!
If you are looking for privacy with acreage this is it! Covered porch with hot tub overlooking property with large boulders. Open floor plan with master on second floor and walkway leading to covered porch. Great rental history!
Type: Single Family Home
Location: Chalet Village
Price: $179,900
Get more information >
Corner Condo with Spectacular Mtn Views!
Ground floor, corner unit with spectacular Great Smoky Mountain views. Wonderful indoor facility w/ pool as well as an outside pool.
Type: Condo
Location:Gatlinburg ,Tennessee
Price: $92,500
Get more information >
Top Floor w/ Best Mountain Views !!
Best views in the county. Really close to the Great Smoky Mountains with direct views of large peaks and city lights of Gatlinburg. This top floor condo is furnished nicely with access to outdoor pool and indoor pool area with amenities.
Type: Condo
Location:Gatlinburg ,Tennessee
Price: $117,000
Get more information >

Considering Real Estate in Gatlinburg For Sale?

Posted by Gatlin on

 

NAR’s existing home sales numbers for August are complete, and they may influence your search for Smoky Mountain real estate.  The National Association of Realtors represents over a million members across the United States and it compiles data relevant to all aspects of the nation’s real estate market.  Data for existing-home sales has been used to track home purchases in America.  Since 1999, existing-home sales have included; single family homes, as well as; condos, townhouses, and co-ops.  These other home components were added to single family homes, because of their significant numbers as residences in large metropolitan areas.  The existing home sales data reflects completed monthly transaction totals for residences.  These are seasonally adjusted.  The monthly figures have more relevant trend significance, when they are compared over larger spans of time and from several different perspectives.  The current period is a good example.  To some readers, the decline of the last few months might appear grim.  However, when viewed longer term, and with the perspective that artificial government housing stimulus has just ended, that conclusion could be inaccurate. 

To gain some perspective, let us back track slightly.  April 2010 was the last month for federal stimulus.  Contracts had to be signed by the end of April, but there was some flexibility on official closing dates to qualify for the tax incentives.  The government intervention obviously beefed up April 2010 sales, by driving buyers into the market to get their cash.  The April 2010 number of 5.8 million looks robust, compared to an anemic 3.8 million in July 2010.  The improvement to 4.1 for last month (August 2010) is encouraging.  Some readers might feel that August 2010’s numbers, while improving, is still below the 5 million range we saw in much of last year. 

However, let us examine some of the potentially beneficial aspects in today’s property markets.  Despite much uncertainty in all investments, real estate offers a tangible place to park some portion of one’s savings.  Properties can be a fun  destination for generating rental income, as a vacation getaway or future retirement home.  NAR’s Chief Economist, Lawrence Yun points out that the residential property market is slowly recovering on it’s own, after substantial government support.  The August increase could be an indicator of this recovery.  The national median existing home price in August 2010 was $178,600 for all types.  This is up 0.8% from last year.  Any increase is impressive, given that deeply discounted properties, like foreclosures, currently make up about 1/3 of all real estate sales.  NAR President Vicki Cox Golder, feels many people are caught in the cross-fire of; Wall Street, the economy’s uncertainty, and housing’s positive aspects.  Prices seem to be stabilizing, interest rates for qualified buyers are low, and there is ample inventory of property for any category of real estate.

                                          

                              

Market timing is never an exact science.  Prices can go up or down. Each family or person must decide for themselves when to buy or sell.  When you are ready to move forward on TN Smoky Mountain real estate, visit us first.  We are leaders in fine Tennessee Smokies’ property.  Let us put years of area knowledge and expertise to work for you.  Contact us by phone at 877-678-2121 or go online to get started today!

Here are a Few of My Latest and Current Listings:

Fully Furnished and Ready for Rental
Great deal on a three level home that is fully furnished. Large bonus room that could be a theatre/bonus room.
Type: Single Family Home
Location: Chalet Village
Price: $179,900
Get more information >
Level Parking/Great Views of Mt LeConte!
Totally updated chalet with huge wrap around deck to enjoy the spectacular views of Mt LeConte. Private master with sitting area and custom tile shower and 2 shower heads and updated gourmet kitchen. Sold fully furnished and short walk to community pool.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $249,900
Get more information >
Contemporary Mtn Home w/Mt LeConte View
This contemporary mountain home as been updated. It offers amazing Mt LeConte views with master on main level and two bedroom suites and living room downstairs for privacy. Already on a rental program and producing great income.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $399,900
Get more information >

Positive Aspects for Gatlinburg Real Estate in Today’s Economic Uncertainty

Posted by Gatlin on

Explore the advantages of Smoky Mountain real estate in our current time of unknown outcomes.  In preparing this blog, I drew upon my years of buying and selling East Tennessee Mountain real estate.  I combined this experience with data fresh out of the National Association of Realtors.  Their inspirational article was recently published (Sept 2010) and it explored positive angles in today’s property market.  The NAR research reveals that the economy is finding some stability and there is growth.  Despite the apparent weakness, the private sector is also creating some jobs.  National confidence among consumers is low, but the confidence level has risen off the bottom.  This indicates an improvement.  A highlight in the current market is 30 year mortgage rates. 

 

Qualified buyers will find these 30 year rates at very low levels.  The stimulus plan for home buyers has lessened the huge inventory of homes for sale.  The decrease in homes for sale has led to a stabilizing in median home prices.  NAR research shows that home-price-to-income ratios are at justifiable levels with fundamentals.  The article went on to forecast that NAR economists feel home prices will increase in upcoming years.  The NAR material also states that delinquencies are up.  However, recent loan origination’s with their tighter qualifications are currently performing well.  The data from NAR concluded with the idea that our national recovery could be assisted by long-term gains coming from housing-wealth.

If we take these positive highlights from the September NAR article, they can easily integrate with an investment program to initially purchase or perhaps upgrade a property here in the Tennessee Smokies.  Most stories of successful investing state that the best bargain in any investment portfolio are usually acquired when prices are off their highs and the mass of humanity is uncertain what to do.  Are property prices headed lower?  No one knows for certain.  However, if the government keeps printing money, home prices will most likely rise because new/replacement homes will cost more in materials and labor costs.  This should help drive up existing home costs.  Long term recovery will definitely be linked to job creation from the private sector.  Government job creation is only a temporary fix.  History shows that prolonged government spending without legitimate tax revenues to back that spending, will inevitably harm the nation’s currency.  If current government policies do not change, hard assets like real estate will hold value better than intangible assets.  For some of these reasons, real estate could be a great buy at this time.  As an added bonus, 30 year mortgage rates are quite low.  You could lock in a fine property ranging from a permanent home to a vacation rental.  Location is a key to property value.  It is difficult to find a more convenient, beautiful area, filled with amenities, like the Smokies.  Go online today and get started finding the perfect property investment for you and your family.

Here are a Few of My Current and Latest Listings:

Exceptional View and Location!
Exceptional cabin with exceptional views, amenities, and location. Fully furnished.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $299,900
Get more information >
Incredible Smoky Mountain Home & Views!
Outstanding workmanship and distinctive design make this gorgeous mountain getaway with five master suites, gourmet kitchen, HUGE rec room and magnificent,unblemished views of the Smokies a one of a kind!
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $799,900
Get more information >
Surrounded by The Great Smoky Mountains!
Enjoy total privacy in one of the most picturesque settings in the area. Located in the prestigious community of Riversong and surrounded by The Great Smoky Mountains Nat’l Park you can hear the relaxing sounds of the Little Pigeon River from the decks.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $769,900
Get more information >
Mt LeConte View w/Large Open Floor Plan
5 bedrooms all with in suite baths for privacy. Huge great room for those family gatherings and could walk to trolley to take to town or to National Park.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $350,000
Get more information >

Homes in Gatlinburg and Across the Nation See Mixed Results in July 2010

Posted by Gatlin on

Smoky Mountain real estate follows general property trends like much of the nation.  The July 2010 numbers from the National Association of Realtors in Washington, D.C. reveal some interesting results.  July 2010 figures for existing-home sales were substantially lower by 27.2% from June of 2010 and were off 25.5% compared to July of 2009.  The July 2010 3.83 million units sold is at a level equal to 1999, when existing home sales records began.  Existing home sales represents finalized transactions on; single family homes, townhouses, condominiums and co-ops.  Single family homes have typically made up a majority of the existing-home sales.  However, single family house sales are at lower levels not seen since May of 1995. 

Lawrence Yun, NAR’s chief economist, had predicted this soft period in existing home sales.  He expected the rush for the home buyer tax credit, that ended in April, would create this lull .  The Chief Economist expects the soft pace in existing home sales is probably going to continue through September of this year.  Yun is optimistic that housing affordability, combined with very low mortgage interest rates, could boost home sales later on.  The real key in a healthy housing market remains with the creation of jobs throughout our economy.  If serious job creation occurs, the existing-homes sales will increase.

However, there is encouraging news in single-family existing home prices.  The median price for a single-family home was $183,400 in July 2010.  This median price was up 0.9% from a year ago.  Across the county 11 out of 19 metropolitan statistical areas saw increases in home prices.  This price increase occurred even when the overall sales figures were declining.  If you are interested in buying or selling property in the Smokies, the Jason White Team can help.  As a buyer, you can start your search online.  Our website allows you to set parameters specific to your personal search.  Begin now to find that ideal property and utilize some very low mortgage rates.

Here are a Couple of My Latest Listings:

Fantastic Mountain View & One Level!
Want one level living and great mountain views? This home is for you! Private, level ground with yard and southern exposure not to mention the shady covered front porch and sunny open deck with hot tub.
Type: Single Family Home
Location: Gatlinburg, Tennessee
Price: $179,900
Get more information >
Premier View of Smoky Mountains!
Condo with sought after mountain views and 3 bedroom plan. Indoor and outdoor pools, hot tubs and saunas and really close to the Great Smoky Mountain Nat’l Park and ski resort.
Type: Condo
Location: Gatlinburg, Tennessee
Price: $115,000
Get more information >

Smoky Mountain Real Estate and Gatlinburg Home Sales Mirror the U.S. Housing Market

Posted by Gatlin on

 

 Our country’s housing market, like our Smoky Mountain real estate, is still adjusting to life without stimulus money.  My news sources at the National Association of Realtors in Washington, D.C. are confirming widely predicted results for the country’s property sales.  “Pending Home Sales” tracks homes under contract, but not officially closed.  July 2010’s pending home sales index moved lower by 2.6% from June 2010.  NAR’s chief economist, Lawrence Yun had predicted this pullback in housing activity, earlier in the year.   Yun felt that the congressional extension of the homebuyer tax credit would amplify the normal spring homebuyer surge.  The stimulus incentives did bring hesitant buyers into the market.  It worked well at accelerating home purchases across the nation.  In the short term, home prices have stabilized in most areas, as inventories of homes for sale have dropped.

However, it was expected among real estate economists that this artificial acceleration of buyers into homes, would lead to a period of lower home sales, when the federal stimulus ended.  What we are seeing in the current real estate market, is the lull as the market re-adjusts.  NAR’s Yun anticipates some months of reduced home sales during this re-adjustment period.  The chief economist expects a pick-up in home sales later in the year, as long as the U.S. job market continues to improve.  In the short term, inventory of homes for sale may increase, but Yun feels pricing on homes has reached justifiable levels where they should not change meaningfully from today’s levels.  He sees some local markets across the country showing price improvement.  Mortgage interest rates are also expected to remain at these historically low levels for most of this year.  The critical factor in a strengthening U.S. housing market lies in serious job creation across the nation.  NAR’s chief economist feels employment growth is paramount to lasting improvement in the U.S. housing and real estate markets. 

It seems as though most of today’s national real estate news was expected and not surprising at all.  The current real estate environment is still favorable for investment in the East Tennessee Smokies.  Prices are off their highs.  Inventory of properties for sale offer a great selection.  Qualified buyers can obtain historically low mortgage interest rates.  The Smokies provide; a beautiful , centrally-located destination, with great climate, and a reasonable cost of living.  If you are considering a real estate investment, we have everything from; rental cabins to primary and secondary homes.  Jump on our website today and see how the Jason White Team can help you find the property you always wanted.

OPPS!! Our latest figures for the month of July are incorrect. Unfortunately, the figures included commercial and there was a very large sale in the commercial side of real estate which threw off my figures. I usually have figures for residential only. I will have the correct figures in next weeks blog.  My apologies!

Here are a Couple of My Latest Listings:

Ridgetop Property/Heart of Pigeon Forge
If you want peace and quite on top of a ridgetop with phenomenal mountain views, then this is the property for you. Located in the heart of Pigeon Forge.
Type: Single Family Home
Location: Pigeon Forge
Price: $159,900
Get more information >
Pristine Mountain Views!
Located in heart of Pigeon Forge with all the amenities this property offers a pristine mountain view as well!
Type: Single Family Home
Location: Pigeon Forge
Price: $189,900
Get more information >

Call today to view these properties or any others!  877-678-2121

Homes For Sale in Gatlinburg and Across the Country are Adjusting

Posted by Gatlin on

Smoky Mountain Real Estate joins the rest of the country in an adjustment to life without federal stimulus, for buying houses.  The May news out of the National Association of Realtors for Pending Home Sales was totally expected.  The report for May showed the Pending Home Sales Index fell 30% from the April index reading.  This forward-oriented index tracks home purchase contracts that are signed, but the transaction is not officially closed.  The Pending Home Sales Index has proven to be a useful gauge in tracking home sales.  Trends are more accurate in longer term comparisons.  For instance, there is better accuracy in time frames year vs year, than in month to  month match-ups.  The significant drop from April to May was almost a forgone conclusion.  The extension of the “homebuyer tax credit” artificially forced hesitant homebuyers into the market.  This provided robust home sales figures for; February, March, and April of this year. When the homebuying incentive ended, activity fell off. 

NAR’s chief economist, Lawrence Yun expected this homebuyer behavior from the federal stimulus.  He is pleased that congress has extended the deadline on official closings, because approximately 180,000 buyers missed the original June 30th close date.  Unusually long closing times were caused by tighter lending qualifications, and by lengthy short sale processing.  Yun also expects June figures to be low, as the adjustment to a more natural home buying market takes effect.  The Chief Economist is pleasantly surprised, that some markets have seen increased home purchases without the federal stimulus.  Furthermore, the tax credit appears to have helped stabilize home prices.  Additional good housing news appears in a congressional renewal of the National Flood Insurance Program.

Today’s housing and real estate market is still a great place for purchasing a home or investment property.  Given the uncertainty across the world’s investments markets, Smoky Mountain real estate looks quite good.  There is ample inventory for sale and  qualified buyers will find low interest rates on mortgages.  Our mountain area is geographically beautiful, with many man-made attractions throughout the region.  Check out properties on our user-friendly web site, using your personal search criteria. Contact the Jason White Team to finalize your purchase with help from our experienced real estate professionals.

Here are a Couple of My Latest Listings:

Private Bedroom Suites w/Mountain Views!
Incredible mountain views with private bathroom suites.
Type: Single Family Home
Location: Chalet Village
Price: $269,900
Get more information >
Mountain Community w/Serene Privacy
Nestled among 13+ acres this Mountain Community offers a mountain stream, tennis courts, pool and many more amenities. This hand crafted custom log home is ideal for retirement living due to the layout.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $399,000
Get more information >

Official April S & P/Case-Shiller Home Price Indices Reflect County-Wide Results that Most Gatlinburg Realtors Already Know

Posted by Gatlin on

Gatlinburg real estate results follow general U.S. property trends.  Long term realtors of the Smokies have watched our housing market follow the broad American property market.  In this blog, let us first examine the S & P/Case-Shiller April data in greater detail.  This specific index was started in 2006 to track U.S. home prices.  It began with 10 metropolitan population areas and expanded to 20.  Figures are compiled as “seasonally adjusted” and non-seasonally adjusted.  For you serious analysts, you can go to links online to view the home price indices model.  Click on the S & P/Case-Shiller April data link above.   However, in the interest of time for most blog readers here is the “cliff notes” version of the April results.  April 2010 was an improvement over March of 2010.  Similar improvement was observed in the 10 and 20 city composites of April 2009 over April 2010.  Given that April 2010 was the final month for the “homebuyer tax credit”, this was widely expected.  This general home price improvement does not indicate that a robust home price recovery is currently under way.  However, some intriguing details are revealed in the data from the indices. 

In sifting through the data you can see that favorite places with beauty and great climate have not radically declined like some metro areas.  Noteable examples are San Diego and San Francisco.  These locations of beauty and great climate have continued to attract homebuyers.  This contrasts with neighboring areas like Las Vegas.  Las Vegas was a skyrocket performer in the recent price bubble, that is currently struggling to rebound.

Over the years, we realtor/residents of the East Tennessee Smokies saw our area grow like much of the national real estate market.  However, our area never experienced insane price spikes like some areas.  Smoky Mountains homes enjoy great climate and awesome natural beauty.  The ease of access for over 1/2 the U.S. population is a bonus.  The multiple man-made activities are a draw that amps up the area’s tourist attraction.  In a time of economic uncertainty, the Smokies offer the real estate investor multiple options from houses, to rental properties.  Start looking on our website to begin your search.

Here are a Few of My Current Listings:

2.42 Acre Rocky Creek Frontage!
Level building site with beautiful rocky creek frontage. Only 1.5 miles to downtown Gatlinburg and southern exposure!
Type: Land
Location: Gatlinburg ,Tennessee
Price: $150,000
Get more information >
Upscale Neighborhood-Authentic Log Cabin
This authentic log home is located in an upscale neighborhood and is in excellent condition. Bedroom/Bath on each floor for privacy as well as a large gameroom for your enjoyment.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $249,900
Get more information >
Spectacular Smoky Mountain View!!
Unique opportunity to own a lot like this! Spectacular mountain and city view, with level building site.
Type: Land
Location: Gatlinburg ,Tennessee
Price: $125,000
Get more information >

NAR Reveals Gatlinburg Homes For Sale and Across the Country Surged in April 2010

Posted by Gatlin on

The National Association of Realtors data showed Smoky Mountains homes and existing-home sales across the nation continued their improvement in April 2010.  For real estate market observers, these results were totally expected.  April was the last month for buyers to sign a contract on a home to qualify for the federal homebuyer tax credit.  Sales of existing-homes include; single family houses, townhomes, condo’s, and co-ops.  This market analysis measures homes under contract, yet not officially closed.  These transactions normally close within 1-2 months.  April 2010 figures were 7.6% above March 2010 and were 22.8% above April of 2009.  Chief economist, Lawrence Yun, expects some decline in sales, as the tax credit ends.  However, he sees a growing buyer confidence returning to the U.S. home buying market.  He feels that overall economic improvement, home buyer confidence, and home price stabilization will assist the home market in regaining it’s momentum. 

NAR President, Vicki Cox Golder shares some additional observations on today’s housing market.  She sees many buyers are still remaining in the market, searching for just the right home.  Affordability conditions are good and Freddie Mac reports rates are still low at 5.10% on a 30 year fixed loan.  Total housing inventory rose slightly in April by 0.3%, but it is 11.6% below the record set in July of 2008.  The NAR President, sees buyers shifting into a “buy and stay mode”.  This may be too early to view the change, but the “buy and flip” mentality may be slowly disappearing.  April data shows 49% of homes were purchased by first-time homebuyers.  This was up 5% from March. The national median priced home for April 2010 was $173,400.  This is a 4.5% increase over the previous year.  Single family median prices rose in 18 out of 20 metropolitan statistical areas across the country, with 6 of these seeing double digit increases.  The Northeast led the nation in the number of existing -home sales as well as in the highest median-priced home.  Here in the South, existing home sales figures were close to being in the middle of the statistical results.  The Southern median price for an existing-home is $150,000 just above the Midwest at $146,400.  This makes our area quite attractive for home buyers looking for value on their purchase.

All of these current trends and statistical results indicate that our real estate market is favorable for property investment.  If buying a house or property in the East Tennessee Smokies is a priority, check us out today!  The Jason White Team has a website geared to begin a buyer’s search for property.  We have made it so user-friendly, that some may find their dream real estate totally online.  We offer all the resources and expertise to turn your dream into a reality.  Call us today to get started!  877-678-2121

Here are a Few of My Current Listings:

Sits on Beautiful Pigeon River!!
Located on the state’s most pristine river this is truly a one-of-a-kind property. Listen to the sounds of the river on this 2.8 ac in upscale subdivision of Riversong. This home offers a gourmet kitchen, huge game room and even a playroom for the kids.
Type: Single Family Home
Location: Pittman Center
Price: $1,195,000
Get more information >
Easy Access and Great for Large Groups
Three level chalet with big rooms and cathedral ceilings to accomodate that large group or family reunion. Bring the mountain views and outdoors in with all the glass windows. Fun awaits you with a gameroom and 3 levels of decks with hot tub.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $259,900
Get more information >
Short Sale’ Great Location!!
This conveniently located home is within walking distance of Community Center, Mills Park, schools, and Gatlinburg shopping and dining. Lovely wooded setting and nice furnishings.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $179,900
Get more information >

Call today to view these or any other properties!!  877-678-2121  Ask for myself or Buyer Specialist, Stephanie Huskey!

U.S. Home Sales Continue to Improve

Posted by Gatlin on

There is encouraging news that continues to build in the country’s housing market.  My realty news sources out of the National Association of Realtors in Washington D.C. are reporting improvement on multiple fronts within U.S. home sales.  In the first quarter of 2010 more metropolitan areas of the country are seeing home price increases, over the same period in 2009. There were 91 out of 152 metropolitan statistical areas, that saw higher median existing single-family home prices over 2009’s first quarter figures.  The national median existing single-family home price for the first quarter was $166,100.  2009’s first quarter median price was $167,300.  In a median price, 1/2 sell for more and 1/2 sell for less.  This slight decline shows a resilience in the housing market because the first quarter of 2010 contained 36% distressed homes.  “Distressed” homes are bargain priced, typically 15% below market price, and include; foreclosures, short sales, REO’s, etc.  With over 1/3 of the first quarter houses selling with below market prices, the balance of non-distressed homes must be improving their value to offset this difference.

NAR’s Chief Economist, Lawrence Yun is encouraged by the growing stabilization in home prices.  He continues to believe that the drop in inventory of homes for sale will promote home price stability.  The reduction of home inventories has been facilitated by the homebuyer tax credit stimulus.  Yun hopes that this federal stimulus will be enough to allow home prices to consolidate and then resume their upward trend. NAR President, Vicki Cox Golder sees a renewed confidence returning to homebuyers.  She also sees homebuyers moving into a “buy and hold” mindset that is moving away from the “buy and flip” mentality that became prevalent in recent homebuyers.  The NAR President feels that financing of homes may be the greatest hurdle to future home purchases.  Interest rates are beginning to rise and mortgage restrictions have been a challenge to closing deals for many realtors. 

If you have been entertaining the dream of owning a home in the Tennessee Smokies, now could be the time to buy.  There is a good supply of properties for sale.  For qualified buyers, there are good interest rates that are slowly beginning to increase.  Prices are off their highs on most real estate.  With the world’s currency and stock markets moving up and down like yo-yo’s, this could be a good time to put some investment into Smokies real estate.  At least it gives you a reason to come and visit the beauty and fun here in East Tennessee’s Great Smoky Mountains.  Surf our website and get your search parameters set to find the property you want.  Getting started with leading realty professionals of the Jason White Team is only a mouse click or phone call away.  Call today!  877-678-2121

Here are a Couple of My Latest Listings:

Level Parking/Great Views of Mt LeConte!
Totally updated chalet with huge wrap around deck to enjoy the spectacular views of Mt LeConte. Private master with sitting area and custom tile shower and 2 shower heads and updated gourmet kitchen. Sold fully furnished and short walk to community pool.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $249,900
Get more information >
Contemporary Mtn Home w/Mt LeConte View
This contemporary mountain home as been updated. It offers amazing Mt LeConte views with master on main level and two bedroom suites and living room downstairs for privacy. Already on a rental program and producing great income.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $399,900
Get more information >

Call me today at the Jason White Team to view any of my listings!  877-678-2121