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GREATER NASHVILLE REAL ESTATE MARKET REMAINS MORE STABLE THAN OTHER LOCATIONS There were 2,075 home closings reported for the month of September, according to figures provided by the Greater Nashville Association of Realtors®. This represents a decrease Read More...
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For the first time since early spring, mortgage rates have fallen below the 6-percent threshold. Freddie Mac reports that 30-year fixed loans came in at an average of 5.93 percent last week, down from 6.35 percent a week earlier and 6.31 percent at the Read More...
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REAL ESTATE MARKET REMAINS CONSISTENT IN JULY Realtors say too soon to see results from Housing and Economic Recovery Act There were 2,488 home closings reported for the month of July, according to figures provided by the Greater Nashville Association Read More...
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MID-YEAR CLOSINGS REMAIN CONSISTENT; CONDOMINIUM MARKET SETS NEW PRICE RECORD There were 2,591 home closings reported for the month of June, according to figures provided by the Greater Nashville Association of Realtors®. This represents a decrease Read More...
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Freddie Mac’s Primary Mortgage Market Survey showed the 30-year fixed-rate mortgage (FRM) averaging 6.35 percent with an average 0.6 point for the week ending July 3, 2008, down from the previous week when it averaged 6.45 percent. Last year at Read More...
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Freddie Mac reports a drop in the 30-year fixed mortgage rate for the week ending May 15, to 6.01 percent from 6.05 percent a week ago. The 15-year fixed mortgage rate remained unchanged at 5.60 percent. Meanwhile, the five-year adjustable mortgage rate Read More...
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HOME SALES DECREASE; PRICES RISE IN APRIL There were 2,135 home closings reported for the month of April, according to figures provided by the Greater Nashville Association of Realtors®. This represents a decrease of 28.5 percent from the 2,989 closings Read More...
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The average interest on the benchmark mortgage rate held below the 6-percent threshold for the fourth consecutive week as 30-year loans remained at 5.88 percent this week, according to Freddie Mac. “Once again, mortgage rates held relatively steady Read More...
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HOME SALES DECREASE; PRICES RISE IN MARCH There were 2,227 home closings reported for the month of March, according to figures provided by the Greater Nashville Association of Realtors®. This represents a decrease of 28.7 percent from the 3,126 closings Read More...
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A newly-released study by Bizjournals.com ranked the 50 largest metropolitan areas in the U.S. as to housing affordability. Tennessee had TWO cities make it into the top 20! Memphis ranked 9th, and Nashville ranked 16th! [FYI: The LEAST affordable market Read More...
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Last week, FORBES.COM published a news story listing the 10 "Best Places To Buy Foreclosed Homes." The nation's 100 largest metro areas were studied in the process of selecting the Top 10. Basing their analysis on recent data from RealtyTrac, Read More...
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According to Freddie Mac's data, national average mortgage rates dropped back below 6 percent after spending more than a month above that threshold. Thanks to the Federal Reserve's aggressive moves to insulate the U.S. economy by slashing borrowing Read More...
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Last week, HUD published new FHA and conforming loan limits, based on median home prices as mandated by the Economic Stimulus Act signed by President Bush in February. New loan limits for FHA and Fannie Mae and Freddie Mac are now calculated at 125 percent Read More...
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HOME SALES DECREASE IN FEBRUARY There were 1,892 home closings reported for the month of February, according to figures provided by the Greater Nashville Association of Realtors®. This represents a decrease of 26.5 percent from the 2,575 closings Read More...
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Freddie Mac reports a slight decline in the 30-year fixed mortgage rate to 5.67 percent from 5.68 percent during the week ended Feb. 7. Interest on 15-year fixed loans also dropped, falling to 5.15 percent from 5.17 percent. Over the same period, the Read More...
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