Year End Red Report 2021 vs 2020
Year End Totals 2021 vs 2020
Closing Volume: +3.6% higher @ 34,835 closings for 2021
Average Closed Prices: + 21% ($522,592)
Seeking Transaction and Office Coordinator
Transaction Management & Office Coordinator
We are seeking an organized, personable, and detail-oriented person to join our team. This is a part time position, and we would love to find a person strong in attention to detail, mature thinking skills, and problem-solving skills. We would love to have someone who is available to work at our office between the hours of 9am – 2pm or something close to that window.
If you think the real estate market is slowing this winter... think again!
From the opportunity to take advantage of today’s low mortgage rates to changing homeowner needs, Americans have more motivation than ever to buy a home. According to the experts, buyers are making moves right now, creating an unseasonably strong housing market for this time of year.
If You’re a Buyer, Is Offering Asking Price Enough?
In today’s real estate market, buyers shouldn’t shop for a home with the expectation they’ll be able to negotiate a lower sales price. In a typical housing market, buyers try to determine how much less than the asking price they can offer and still get the home. From there, the buyer and seller typically negotiate and agree on a revised price somewhere in the middle.
Wondering what can you buy for around $650,000 in Rutherford County?
Wondering what can you buy for around $650,000 in Rutherford County?
What Experts are Saying about Mortgage Rates
Mortgage rates are hovering near record lows, and that’s good news for today’s homebuyers. The graph below shows mortgage rates dating back to 2016 and where today falls by comparison.
How is Real Estate in Murfreesboro / Rutherford County doing so far in 2021?
2nd Quarter 2021 Issue Full Report: RedReport-2Q-2021.pdf
Let's Look at Home Price Appreciation Through 2025
Home prices have increased significantly over the last year, which in turn has grown the net worth of homeowners. Appreciation and home equity are directly linked – as the value of a home increases, so does a homeowner’s equity. And with these recent gains, homeowners are witnessing their financial stability and well-being grow to record levels.
“The frequency of buyers being willing to pay more than the market data supports is increasing.”
If an appraisal comes in below the contract price, the Buyer’s lender won’t loan them more than the house’s appraised value. That means there’s going to be a gap between the amount of loan the Buyer can secure and the contract price on the house.
