Williamson County Real Estate: December 2009

Christmas at Opryland 2009

Opryland is the most decorated place that i have ever seen for Christmas. I challenge anyone to find a prettier place to visit for the holidays.

Via Michael Thornton - Nashville, TN area Home Inspector (Complete Home Inspections, Inc.):

Nashvillians are lucky to have a world-class hotel the caliber of Opryland. It was not too long ago, the Hotel only had the one atrium, the Magnolia room. Through the years, the additions of the Cascades and the Delta has added much to the hotel complex. Every room has a different theme and water features. The dancing fountain in the Delta Room is really a sight to behold. I hope that you enjoy the video.   

Complete Home Inspections/Complete Video Promotions 

© 2009 michael thornton | complete home inspections, inc./complete video promotions | brentwood, tn | 615.661.0297 | www.completehomeinspectionsonline.com
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7 comments • Larry Brewer Nashville Real Estate • December 29 2009 08:07AM

Christmas Lights at OpryLand

If you every have the opportunity to visit Nashville at Christmas time, make every effort to visit the Gaylord Opryland Hotel. It is one of the prettiest displays of Christmas lights anywhere.

 nashville

 

This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Keller Williams Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Green Hills, and all of Middle Tennessee

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8 comments • Larry Brewer Nashville Real Estate • December 24 2009 01:21PM

The Quick and Expected Climb to 6% Mortgage Rates (How To Stay Dry When The Fed Throws Water At You)

THis is a great post about what to expect next year.

Via America's #1 Mortgage Broker/858-777-9751:

Mortgage rates have been steadily climbing, from a low of 4.5% around November 27, 2009 to above 5% on December 22, 2009.  For the past two months I've been warning that this will eventually happen. It's not because the economy is recovering; it isn't recovering.  The reason mortgage rates will rise to 6% or above, soomer rather than later is because that is the "natural" market.

maggie surfingAbout a year ago, The Federal Reserve announced a $1.25 Trillion mortgage rates subsidy,by purchasing mortgage-backed securities in the open market, through March, 2010.  Right before that subsidy was announced, mortgage rates were at or above 6%.  The subsidy was referred to as Bernanke's "nuclear option" meaning he was using an extraordinary monetary stimulus to keep mortgage rates artificially low.

One year and 12 months into the 15-month game, we're at $1.07 Trillion spent on this open market MBS purchase progran.  This means that the Fed still has about $150 Billion to spend in three months, so mortgage rates should stay around 5%, right?  After all, the Fed only spent $80 billion/month and they have at least 2 months of money left.

sandMarkets are discounting mechanisms meaning that traders anticipate how potent the Fed can be.  The Fed's just about out of bullets and MBS traders know it.  Let me try to give you an example of what the Fed did by recanting the explanation I gave, to a Del Mar REALTOR, on the beach this summer.

I had my daughter (Maggie) get me ten cups of water from the ocean.  Then I drew six lines in the sand, equidistant from each other, and labeled them 6% (on the right) through 4.5% (on the left). I had Maggie stand at 6% and explained that this represented Dec, 2008 mortgage rates.  I announced that my intention was to throw water at her until she moved to the left, away from 6% and towards 4.5%.  I grabbed two cups and threw one at her, then at the line marked 5.5%; Maggie quickly darted to the left. 

Then, I threw a cup at her every time she inched to the right.  I explained that Maggie was acting EXACTLY like the MBS traders, naturally gravitating towards the "natural" market.  Each time I chucked a cup full of"stimulus", Maggie moved back under 5% and closer to 4.5%.  Once, she got real daring (like the MBS market this past summer) and I threw three cups at her.

At the beginning of December, The Fed had two cups of water.  Now, they only have 1.5 cups of stimulus left. 

triMaggie, knowing that I only had 1-2 cups left, knew she could afford to get a bit wet in her dart towards 6%.  She faked me by jumping like Rickey Henderson dances off first base; I threw a half cup of water at her.  Then, she defiantly and purposefully walked towards 6%, knowing full well that I would throw my last cup of water at her.

Maggie knew she might get a bit wet but that I was utterly and completely out of water.  She got sprinkled but was safely standing at 6% and I was as bone dry as the Sonoran desert in July.

That's what I think is happening today.  The MBS traders are purposefully selling mortgage-backed securities, knowing that the Fed will buy every last bond they offer until they are "bone dry".  Everybody is running towards the finish line (6%) now and they don't care how wet they get along the way.

Mortgage rates are headed to 6% and it probably won't take until March, 2010 for them to get there.

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0 comments • Larry Brewer Nashville Real Estate • December 24 2009 08:58AM

Williamson County Real Estate Sales for November up 62 percent

Williamson county real estateWilliamson County Real Estate Sales for November up 62 percent - The Williamson county association of realtors reported that sales of Williamson county real estate was up 62 percent compared to sales for November 2008.

  • single family residential closings in Williamson county increased by 62 percent and the median price decreased by 12 percent.
  • Condominiums closings have increased by 87 percent and the
    median price increased by 27 percent.
  •  The average days on the market (DOM) for residential homes in Williamson county have increased by 2 days and condominiums have increased by 38 days.

 Williamson county real estate sales nov

This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Keller Williams Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Green Hills, and all of Middle Tennessee

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5 comments • Larry Brewer Nashville Real Estate • December 19 2009 06:26PM

Don't let common electrical issues kill your deal...

THis is a post that Michael Thornton wrote on Electrical issues and home inspections. Most older homes have electrical issues, and they can be corrected.

Via Michael Thornton - Nashville, TN area Home Inspector (Complete Home Inspections, Inc.):

open wire splicesDon't let common electrical issues kill your deal...

Deal killers! That is what many folks call home inspectors. Get real! Did we really kill the deal or did the condition of the property your clients are selling send the potential buyers trekking at warp speed to the next property? It has been my experience that most folks walk from deals based on the sheer number of neglected maintenance issues. Maintenance issues that can be easily corrected.

Many listing agents and home sellers alike doopen junction box not want to look at the 800 pound gorilla sitting in the corner. It is far too easy to pay ostrich and let the buyer deal with it or give some monetary adjustment after the inspection. Get real! Get proactive. You do not have that second chance to make that first good impression works for selling your property too.

When faced with a large laundry list of deferred/neglected repairs, many new home buyers take a dim view of the property. Too many repairs mean that many of these 'Nervous Nellie's' often walk. There is a better property they looked at just down the road.

Many common electrical issues can be easily and inexpensively addressed. Most involve installing Haphazard wiring tapscover plates or junction boxes. Most can be repaired by savvy home owners or good handymen. Take a few minutes and walk around the property with your seller. Educate your sellers on addressing the obvious issues. The home inspection report will look better, and the deal you save just might be your own.

© 2009 michael thornton | complete home inspections, inc. | brentwood, tn | 615.661.0297 | www.completehomeinspectionsonline.com
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0 comments • Larry Brewer Nashville Real Estate • December 18 2009 09:36AM

Leipers Fork Parade

Friday Foto's - Here in the Nashville area, we have a lot of small towns that have their own Chrismas Parade. One of the smallest is Liepers Fork, and theie Christmas Parade is just as much fun as any you would find in a big city.

Leipers Fork Parade

This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Keller Williams Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Green Hills, and all of Middle Tennessee

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3 comments • Larry Brewer Nashville Real Estate • December 18 2009 08:07AM

Spring Hill Real Estate Is Hot

Spring Hill HomeSpring Hill Real Estate Is Hot - I've been trying to find starter homes for a young couple in Spring Hill, and believe me, the market has really changed. Earlier this year you could find plenty of Spring hill homes in the $120,000 to $150,000 price range in excellent condition. Now all of the good ones are sold, or under contract.

 I'm glad to see it, but it always catches buyers by surprise when the market changes.

Spring Hill Home Sales under $150k

This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Keller Williams Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Green Hills, and all of Middle Tennessee

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6 comments • Larry Brewer Nashville Real Estate • December 14 2009 08:13AM

Green Hills Mall At Christmas

Green Hills Mall has some of the best shopping in the southeast, Green Hills Mallso during the Christmas season, traffic in Green Hills goes from just annoying to very frustrating. Here is a few tips to avoid Hillsboro road, and the most congested traffic in Tennessee.

  • If coming from the south, use Granny White turn left on Lone oak, and left on Overhill to cross Hillsboro road. When you cross Hillsboro rd you will be on Hobbs, take the first right on Hillsboro Circle ( it runs parallel to Hillsboro rd, it's just not as crowded),and continue north past Abbott Martin to the mall parking garage on the right.
  • If coming from the north, take I-440 to Belmont Blvd travel south to right on Glen Echo drive. You will have to cross Hillsboro rd at the end of Glen Echo.

The Mall at Green Hills has some of Nashville's finest specialty shops, including Tiffany & Co., Louis Vuitton, Burberry, Juicy Couture, Kate Spade, Sephora, Brooks Brothers, The Cheesecake Factory, Lacoste, Wolford plus more than 100 lifestyle retailers!


Green Hills

This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Keller Williams Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Green Hills, and all of Middle Tennessee

To search for Green Hills homes for sale, click on the button, or call Larry Brewer at 615-512-7853

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7 comments • Larry Brewer Nashville Real Estate • December 13 2009 11:05AM

Visit Franklin For Some Christmas Cheer

Franklin at Christmas TimeVisit Franklin For Some Christmas Cheer - Franklin is always a nice place to visit. But during the Christmas holiday, they really put on a show. The main streets and town square are tastefully decorated, and the locals dress as if the were living an another century. You may recognize the period from the Charles Dickens tales, and it's all in fun.

 Treat yourself to a little fun this holiday. Visit Franklin for the weekend and then buy a house. Everyone agrees that it's a great place to visit, but it's even better to live there.

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This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Keller Williams Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Green Hills, Murfreesboro, and the middle Tennessee area

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8 comments • Larry Brewer Nashville Real Estate • December 12 2009 10:08AM

Nashville real Estate Sales increase 58 percent in November

Nashville real Estate Sales increase 58 percent in November

Nashville real estateThere were 1,973 home closings reported for the month of November, according to figures provided by the Greater Nashville Association of REALTORS®.  This figure is up 58.7 percent from the 1,243 closings reported for the same period last year. .

There were 1,742 sales pending at the end of the month, compared with 1,267 pending sales at this time last year.  The average number of days on the market for a single-family home was 82 days.

The median residential price for a single-family Nashville real estate during November was $158,500, and for a condominium it was $144,400.  This compares with last year's median residential and condominium prices of $165,500 and $150,000, respectively.

 

This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Keller Williams Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Green Hills, and all of Middle Tennessee

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2 comments • Larry Brewer Nashville Real Estate • December 11 2009 08:40AM