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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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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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Information circulating on the Internet claiming health reform includes a 4 percent tax on home sales is incorrect. Starting in 2013, the law imposes a 3.8 percent Medicare tax on households with adjusted gross income (AGI) of more than $200,000 for individuals
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Folks come to Norris Lake for many reasons. While vacation and retirement are in the top 10, we see folks who are looking for bargain properties to buy with the intention of reselling for profit in the future. This is most prevelant when folks succumb
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During most of the winter, Norris Lake levels were above the typical winter pool levels of 995 feet above sea level. This was primarily because of the heavy fall rains here and parts north of us. But towards the end of winter and just before spring, the
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Slowly waking up with a cup of coffee and Headline News, I was staring out the window when I noticed a raptor of some sort flying over the lake. Thought at first it was a vulture, but the white head and white tipped wings gave it away as one of the Bald
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If you are considering property on or near Norris Lake TN, then I would like to strongly encourage you to come to the lake now! Until the leaves start coming back in the spring, this is the PERFECT time to appreciate the view from any property as well
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Many of the calls and emails I get lately have to do with marketing people have received about great deals on properties in Emerald Bay. Primarily, folks want to know where this community is located and what the back story is. Several years ago, Steve
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