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 >