NORRIS LAKE RESOURCE CENTER

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 transactions. The poll also determined that cash buyers were able to make purchases at much ...

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 of its rate guidance and the factors that it uses to measure the economy's performance. The ...

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, the average interest on 15-year loans bumped up to 3.17 percent from 3.16 percent last week. ...

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 the index has attained since June of 2007. "Builder confidence has now risen four months in ...

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 ($250,000 for married couples), a portion of which is "net investment ...

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 to the glitzy ads and marketing campaigns for new developments, purchasing property ...

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 levels did go down for a short period.  We are now about 10 feet below the ...

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 Eagles.  He was dipping down to the lake, flying up high, dipping down to the ...

 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 as get an idea of which trees would need to be cut to open up that ...

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 Jones developed Hickory Point (also seen spelled as Hickory Pointe) off route 170 in ...