January 2012 - Posts
The snowdrops are in full bloom and the daffodils have poked their little heads out of the ground all around Norris Lake. They are in full bloom in Knoxville, but Norris Lake is a little higher elevation and 50 miles further north. Spring comes 1-2 weeks
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A December survey by Campbell Inside Mortgage Finance found that cash buyers are driving down home prices, with investors accounting for one out of three transactions last month. Nearly three-quarters of investor home purchases for the month were all-cash
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The Federal Reserve announced that it intends to keep rates at their record lows at least through the end of 2014 and that their targeted inflation rate is to be 2%. The Fed announced its intention to be more transparent in communicating the direction
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• 1,056 sq. ft., 2 bath, 3 bdrm single story - MLS® $79,900 - Near 2 marinas Sharps Chapel, Union County - PRICED LOW FOR QUICK SALE. Site-built, 8-year old ranch home at end of cul-de-sac on one-lane county road - perfect 1st home, retirement
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First, the facts still speak for themselves. Distressed properties account for approximately 30 percent of the U.S. residential real estate market. While the percentage of homes actually underwater is 15.8 percent, 49 percent of today's homeowners
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Freddie Mac reports that the 30-year fixed mortgage rate fell to a new low this past week, averaging 3.88 percent , which is down a notch from 3.89 percent a week earlier! The benchmark rate has been below 4 percent for seven straight weeks. Meanwhile,
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Builder confidence in the market for newly built, single-family homes continued to climb for a fourth consecutive month in January , rising four points to 25 on the NAHB/Wells Fargo Housing Market Index (HMI), released today. This is the highest level
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