Lawrence Yun, NAR’s chief economist, expected these results, and is cautiously optimistic on a housing market without federal tax stimulus. Yun saw the homebuyer tax credit bring almost 1 million buyers into the housing market. This action has stimulated the “trade-up” portion of home buyers to enter the market as sellers and buyers. This combined activity of new and veteran home owners is shrinking inventories of homes for sale. In turn, this shrinking inventory helps firm up home prices. This process is important in holding home values. Currently, a sizeable portion of “bargain-priced” foreclosures and short sales are making up today’s realty market. Yun is hopeful that congress allows some flexibility on the tax credit deadline. Current challenges in meeting a timely closing are jeopardizing the tax credit for many buyers. The chief economist feels that new job creation in the U.S. is crucial to the long term health of the country’s housing market, as well as the economy in general.
This review of the present year’s April home sales shows several positive aspects to the country’s real estate market. Pricing is showing a rebound, despite a strong influence from discount priced properties. There appears to be a renewed buyer confidence growing in the housing market, even without the tax credit stimulus. Mortgage interest rates are currently at very low levels for qualified buyers. These factors combined with massive uncertainty in the world’s investment markets could make this an ideal time to purchase a property in the East Tennessee Smokies. The Jason White Team has a website geared for you to prescreen properties, based on your personal search criteria. When you refine your search, come to the area to view your choices in person. Our team of professionals are here to assist in finalizing your quest. Contact us online or by phone 877-678-2121 to get started today.
Here are a Few of My Latest Listings:
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: $106,900 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 > |
Outstanding Mountain Views!! Outstanding mountain views from this totally updated unit, and very well maintain complex with pool and hot tub patio Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $119,900 Get more information > |
Mountain Villa w/ Private Pool Mountain villa with private solar-heated salt water pool and cabana on a peaceful lakefront setting. Chef’s dream kitchen and fantastic mountain views. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $799,000 Get more information > |
Call today if you would like to view any of these, or other properties! 877-678-2121