The U.S. real estate market in recent months has closely tracked our country’s weather patterns. An exceptionally cold winter with ample precipitation tends to discourage leaving a warm house. The past winter was a classic example of how humanity is still at the mercy of the forces of nature. The federal government in Washington DC even shut down as some tenacious “Northeasters” dumped heavy snow on the nation’s capital. All this cold weather and precipitation ranging from; flooding, monsoon-style rains, to freezing varieties like record snow fall has gripped most of our nation, off and on for the past several months. The consequence of these challenging weather patterns has been a slow down in shopping for real estate. The extreme weather has impacted recent trends in the Homebuilder Sentiment Index for March. Even my realty news sources at the National Association of Realtors echo this same idea.
NAR’s chief economist, Lawrence Yun addresses the issue of an abnormally severe and pro-longed winter on real estate shopping across the U.S. in his March 4th, 2010 report. Yun explains that abnormal activity must be anticipated in all markets. However, the real estate arena still has pent-up demand from buyers looking to utilize the homebuyer tax credit. With the weather improving, buyers are expected to use the tax stimulus and the first half of 2010 should be strong.
Here in the Smokies, my team and I are seeing a growing number of buyers coming to look for property. Old man winter is slowly releasing his icy grip on the weather. Each weekend seems to build with additional people coming into the area. Spring bulbs are popping up everywhere and in warm locations the daffodils are starting their bloom. It will be a little bit before the trees flower, but it is coming. If you are thinking about buying property in the Smokies in 2010, contact us on the web or by phone- 865-436-2121. We want to give each client the time they need and weekends sometimes can get busy. Help us pre-plan for your arrival. There are many ways to facilitate this process; you can pre-screen properties on our website and meet with your lenders to become pre-approved for financing. Our website allows you to create a screening filter set from your own personal wants and needs in selecting a property. Contact us at the Jason White Team to get started today on finding your property in the Great Smoky Mountains.
Here are a Couple of My Latest Listings:
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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 > |
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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: $249,900 Get more information > |