Year-To-Date Figures Continue to Show Improvement in the U.S. Real Estate Market

As we approach the end of the calender year, a better picture emerges in the direction of the country’s real estate market. The overall view of the nation’s home prices continues to show improvement toward stabilization. My news sources out of New York released their story on November 24th, 2009. The data was based on findings from the Standard & Poor’s/Case-Shiller Home Price Indices. This model from S&P/Case-Shiller is widely used in the housing industry to measure U.S. home prices. They utilize three views in the indices. There is a U.S. National, a 10-city, and a 20-city composite version in their analysis of data. The decline in the indices was dropping as we proceeded through the year.

 Case-Shiller Home Price Indices

Chairman of the S&P Index Committee, David M. Blitzer reports broad improvement in home prices for most of the past six months. Recent gains have been more modest than typically strong summer months. Previous concerns were focused on the drop due to an end to the first-time homebuyer tax credit. Housing starts did back off in October, but the government extended and expanded the tax credit for first-time homebuyers. This extension should bring in additional homebuyers that have been uncommitted at this point.

With home prices approaching stabilization, now could be the right time to purchase your property in the Smokies. Housing affordability is good. The inventory of active listings for sale is high. Mortgage rates are historically quite low. Surf our website for possible purchases. With the homebuyer tax credit recently extended, check with your legal and financial advisors to see if you qualify. In any case, the year-end holiday season is a fun time in the Smokies. If real estate is on your holiday wish list, contact The Jason White Team. We have the knowledge and expertise to fill your holiday property wish.

                                   Here are a couple of my current listings 

Stunning 4 Levels w/ Great Mtn View!!
Four level log cabin style overlooks nearby ridges and valley with great night views and lights. Large suites with whirlpools, large great room and media room with projection theater style TV and lots of windows to enjoy the Smoky Mountain views.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $549,500
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Gatlinburg Home with River !!
Get lost in the sounds of the flowing river just outside the door of this 1BD/1BA cottage offering all the amenities plus a soothing hot tub designed for perfect placement on the private stone patio.Within walking distance to attractions of Downtown!
Type: Single Family Home
Location: Gatlinburg,Tennessee
Price: $339,900
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Call me today for more information on these properties!  865-436-2121