Advertisements

How to make the most of open houses

Tags

, , ,

How to make the most of open houses

In our latest research, real estate professionals say how they really feel about open houses — the good, bad and the ugly.
BY GILL SOUTH – Staff Writer – INMAN

Key Takeaways

  • More than two thirds of the respondents think open houses are still worthwhile.
  • Nearly 70 percent of respondents have sold a home as a result of a connection made at an open house.
  • Consumers still want their agents to offer open houses.
  • Two thirds of respondents’ brokerages offer virtual tours, while a quarter do not.
  • More than two thirds of respondents felt that virtual tours replacing open houses was unlikely.

It’s 11 a.m. and brunch is calling your name. But instead of meeting your friends for breakfast tacos, you’ve got to get your game face on — and it’s not to cheer on your favorite football team. Signs and balloons in hand, you’re out the door for this afternoon’s big hoorah: Open House Sunday.

Love them or hate them, to many in the business these regular marketing events are a “necessary evil,” while others put a more positive spin on this opportunity to interact with their community.

With so much of the property search being done online, including some excellent virtual tours in real estate, are they really worthwhile in this day and age? Surely people see a property they like online, then if they are serious, make an appointment to go and see it with their agent.

Download the report with full findings here

Who responded?

But in this month’s research conducted between Aug. 1, 2016 through Aug. 8, 2016, Inman’s 923 survey respondents who participated in giving their take on this contentious topic generally said “yes,” open houses are still worthwhile. This sentiment was expressed by a good majority, with 68 percent giving open houses a rating of five out of 10 or higher.

Chart_Q7_160823

And although virtual tours are an extremely welcome add to the mix, the overwhelming response by survey participants (more than half of whom were senior agents and brokers with more than 10 years in the business, and another 12 percent who’ve been in the business for six to 10 years) was that digital offerings are not going to replace the touch, feel and smell experience of an open house, a form of marketing that seems to polarize the industry.

Industry statistics support this research. According to the National Association of Realtor’s (NAR’s) 2015 Profile of Home Buyers and Sellers, open houses remain one of the most popular ways real estate agents market their homes. They come in third, equal with agent websites, after putting the listing on the MLS and sticking up a yard sign.

In the NAR’s 2016 Member Profile, 37 percent of respondents said they received some business from open houses, while 63 percent said they did not.

As one experienced Washington, D.C., broker put it in our research: “Real estate is still primarily a face-to-face, people business. Open houses are one more opportunity to meet more people, make connections and grow your business.”

“An open house gives me the chance to meet people and show them the knowledge I have about the market. Open house contacts are about 20 percent of my business,” said a successful Indianapolis agent.

Of course, it’s well-known that agents find open houses worthwhile, not only to sell a house but to find buyers for other properties.

An active Pennsylvania agent added: “In our market, about half of those looking at open houses are unrepresented. It’s a chance to show your professionalism and engage them in person, which is vital.”

One California owner/agent was strong proponent of the open house. “I have sold over 500 homes from this. The only people who would say open houses are not worth it, are the types that sit there when clients come in and do not engage, connect or take interest.”

Just the advertising alone for the open house generates “tons more activity” on the home that it wouldn’t have received otherwise, said another advocate in the survey.

Why some agents hate open houses

While the research gives open houses the thumbs up, it also made it clear that not all agents like them. A little over 30 percent of respondents gave them a low one-out-of-10 to four-out-of-10 rating, and they spoke passionately about their objections to what they called this “crapshoot.”

An experienced Nashville broker summed up his concerns in these bullet points: “Time consuming. Costly. Unquantifiable. Risk to safety. Risk of theft. Unnecessary in today’s market. A stab in the dark.”

Another agent, who said she came close to being raped at an open house years ago, is understandably against them, and not just for safety reasons.

“When we develop a skill set to educate sellers on the reality that open houses are ‘so yesterday’ and explain to them that they can sleep in on Sundays, have brunch, watch the game instead of open their home for virtually no reason, it makes sense to them. Plenty of buyers will come on any other day of the week, and if they really want to see that house, they will make an appointment.”

There is real resentment about the “come one, come all” side of an open house among those in the anti-open-house camp.

“I have heard the analogy used: it is much like hitchhiking — you are allowing everyone access to your home,” said one respondent.

There’s more and it’s interesting…………………………….

The top 20 home design trends of 2017

Tags

, , ,

What sellers and stagers should know about the trends ahead

by Marian McPherson Staff Writer – INMAN

  • 2017’s home design trends are all about creating lush spaces by taking traditional designs and making them modern with unique color, texture and material choices.
  • As far as color, experts suggest grays with warm beige undertones for living rooms and kitchens, and bold reds and rich caramels for bedrooms.
  • When it comes to remodeling, homeowners are favoring upgrades that make day-to-day life more convenient and luxurious.

by CareyBot

As the new year approaches, everyone is looking for ways to improve their lives — whether it’s shedding a few pounds, taking on a new hobby or completely revamping their living space for renewed inspiration.

Take note: The next year’s home trends call for lush colors, plush textures and modernistic takes on traditional designs that make the perfect environment to create a “new you.” (Or for staging a buyer’s new home!)

Although it may not be advisable to incorporate all these trends into a home you’re trying to sell, HomeAdvisor Chief Economist Brad Hunter says Realtors can use the following trends to help buyers imagine how a potential new home could look.

“Ideas for changing color schemes, updating countertops and undertaking more significant remodels can be mentioned while showing the home, depending upon the body language and comments the shopper is making,” said Hunter.

Furthermore, he noted that 2017’s trending renovations, such as “human docking stations” and “shedquarters” — along with upgrades, such as new appliances, countertops and cabinets — can help a home get sold quickly and at a higher price. Score!

Traditional kitchens with a twist

1. Built-in bars

Bring the party home with a sleek built-in bar.

The trend, which is a twist on 2016’s bar cart trend, is the perfect addition for homeowners who love to entertain. The bars add instant pizzazz to an otherwise traditional kitchen, plus offer built-in shelving for cocktail fixings, drinks, glasses and everything you’ll need for a ritzy night in.

2. Contrasting islands

Is a built-in bar a little over-the-top for you? Then a colorful island is a simple substitute that offers extra room for mixing drinks and whipping up tasty snacks for family and friends.

The key to nailing this trend and making it modern is choosing a contrasting color. Have a kitchen with a lot of warm hues? Choose an island in a cool shade, as seen in the photo below.

3. Colored island plus colored fridge

Feeling colorful? Add a 1950s-style fridge in a vibrant hue to your kitchen.

Read the rest of of his article on INMAN

Nashville area’s $1 million +home sales double in November 2016

Tags

,

Overall residential property closings up 24 percent amid threat of rising interest rates

Read more ant the Tennessean

November residential property closings rose 24 percent in the Nashville area from a year ago, and there were more than twice as many home sales for $1 million or more.

The year’s end approaching and the threat of rising interest rates are among factors that played into the overall 24 percent increase to 2,397 closings last month, said Denise Creswell, president of the Greater Nashville Association of Realtors.

“Many people locked in their rates in October in anticipation of rising interest rates after the election, and they have edged up slightly,” she said, referring to mortgage rates rising from 3.6 percent just before the elections to 4.1 percent on Wednesday. “We will likely see the interest rate factor be a boost to home sales in December as well.”

GNAR’s tracking shows 42 single-family residential property sales closed in November for $1 million or more, up 133 percent from November 2015. There were 31 such sales in 2014 and 27 in 2013.

ADVERTISING

Exton cites Multiple Listing Service data showing 38 sales of condos and homes with 20 acres or less last month versus the 18 in November 2015. Through November this year, there has been 457 sales at that price versus 360 over that same period last year.

Steve Fridrich, the owner and managing broker at Fridrich & Clark Realty LLC, cautioned against reading too much into November’s increased sales of million-dollar-plus residential properties.

“It’s still been a very strong steady market, but numbers at different times of the year reflect different things,” he said. “With interest rates still being low, it’s still an attractive time for people to buy in that price range. This is first time in an election year that I actually had clients say with the uncertainty in the market, they wanted to wait ’til after the elections.”

The overall Nashville area inventory of 7,540 single-family residential properties at the end of November was down 8 percent from a year ago and represented a just over three months’ supply.

The median price of a single-family home was $259,900 for November, up 12 percent from a year ago. November’s median price of a condo rose 25 percent year-over-year to $182,390.

On average, homes sold in November spent 49 days on the market. That’s the lowest average number of days in GNAR’s tracking.

With 2,774 sales pending  at the end of November, Creswell expects a strong end to 2016 in part as new construction homebuilders look to get properties off their books to have a fresh start next year.

Meanwhile, separate tracking by the Williamson County Association of Realtors shows 399 home sales closed last month, up 15 percent from November 2015. Year-over-year, the median price of a single-family home rose 7.6 percent to $443,507.

Year-to-date, 95 and 83 homes on 20 acres or less have been sold in Franklin and Brentwood, respectively, for prices above $1 million.
Reach Getahn Ward at 615-726-5968 and on Twitter@getahn.

Million-dollar home sales

Single-family residential property (home) sales closed in November for more $1 million or more:

2013: 27 properties

2014: 31 properties

Agents beware of Opendoor’s business model.

Tags

, , , ,

10 ways the startup could change the game for agents and brokers.Key Takeaways

by Teke Wiggin Staff Writer  INMAN

Opendoor’s deployment of $320 million in equity funding and $400 million in debt will send shockwaves across the industry.

An event for and by the real estate tech community

Learn More

Property-exchange platform Opendoor just bagged what is probably the largest funding round ever for a real estate tech startup, with a reported valuation of at least $1 billion only two years after launch.

The startup is overhauling the traditional real estate business model in a fundamental way. It buys and sells homes itself, giving it unprecedented flexibility to improve speed, convenience and customer experience.

Opendoor’s deployment of $320 million in equity funding and $400 million in debt will send shockwaves across the industry, perhaps most by popularizing new technology and business practices.

“If we can innovate in the space and have other people mimic or reproduce that innovation, that’s a huge win for the consumer and that’s what customers are going to demand,” said Opendoor CEO Eric Wu.

Here are 10 ways Opendoor could impact the industry in the next year or two.

1. Expansion

Opendoor only operates in Phoenix, Dallas and Las Vegas but plans to expand to 10 cities in 2017. By 2018, it wants to be in 30 cities, according to Forbes.

Wu wouldn’t confirm the reported 2018 target, declining to provide more details on expansion plans.

2. New opportunities for agents

Opendoor sells properties through a brokerage subsidiary, but it also lists some inventory with agents at other real estate firms.

For example, Jake Shuler, an agent at Plano, Texas-based Keller Williams Realty Plano, is a member of the Opendoor team, according to Opendoor’s Zillow profile.

Enterprising agents may be able to win new listings when the startup lands in their market.

It also will offer opportunities to buyer’s agents.

Its keyless-access technology eliminates the need for agents to accompany clients on visits to Opendoor listings if they’re tied up. And the startup could theoretically generate more inventory, nudging some would-be sellers off the fence.

Opendoor pays agents the going rate for bringing a buyer to a sale. And it offers a 1 percent discount to consumers who agree to sell their home to Opendoor and purchase their next one using an Opendoor “partner agent.”

Two Opendoor customers say the ‘discount for buying direct,’ clear communication and simplicity were what they liked most about the startup.

3. New competition for agents

That said, Opendoor is an alternative to listing with a brokerage.

Homeowners can sell directly to the startup and close in as little as three days, rather than sell through an agent and close at an unknown time — if at all. And although it currently works with buyer’s agents, it’s building machinery that can encourage buyers who purchase its homes to work without agents.

Opendoor offers a discount to consumers who “buy direct” from the startup.

But Opendoor’s goal “isn’t to displace Realtors,” Wu said. “It’s to build the best possible customer experience.”

“There’s also a world where we help work with agents to build the best experience,” he added.

4. Lower fees

More funding may help Opendoor reduce its service fee, which ranges from 6 to 12 percent, allowing it to edge closer to competing on price.

In fulfilling its mission of the best possible experience, “part of that is how much customers have to pay,” Wu said.

But Opendoor is focused, first and foremost, on investing further in the automated valuation models (AVMs) it uses to make fast offers on properties.

“We want to first use that capital to improve accuracy, building a world-class pricing model so that people get a fair market price,” he said.

‘Coming soon’ listing on opendoor.com

5. Imitators

Opendoor’s success has not gone unnoticed in Silicon Valley. Knock has launched a similar business model in Atlanta, and Opendoor’s latest cash haul may spur others to follow suit.

Venture-capital firms that weren’t able to participate in Opendoor’s latest funding round will hunt for imitators.

“I’m sure there’s going to be competition at some point,” Wu said.

Opendoor mailer

6. More showings without real estate agents

Some agents don’t think buyers should be able to access listings without agents present.

But Opendoor lets buyers visit its listings anytime from 6 a.m. to 9 p.m., seven days a week. The startup’s keyless-access technology has delighted consumers and helps the startup purportedly attract three times as many visits as the typical listing.

Not wanting to be outdone, more listing agents may adopt similar technology. Some options offer a custodial role to agents, including Toor and Prempoint, which was unveiled at a recent National Association of Realtors (NAR) conference.

MLSs may need to loosen their rules to accommodate agent-free showings.

7. Growth of home-sale guarantees

Some agents promise to sell a listing for free if they don’t sell it within a certain timeframe.

“I’m leaning toward Opendoor because it guarantees a sale at a fair price,” a consumer might tell an agent.

Agents with guaranteed-sale programs could respond: “So do I, but for a lower fee.”

8. Foster streamlined underwriting

Buyers who use Opendoor’s “preferred lender” can close faster and for a lower fee (they get 1 percent off closing costs if they work with the preferred lender) than they can by working with many traditional lenders.

The startup will continue to look for ways to streamline the underwriting and closing process, innovating with lenders or perhaps even offering seller financing.

This will put pressure on the mortgage industry to up its game.

9. More mortgage financing by private equity and hedge funds

Opendoor can snap up homes so quickly, in part, by drawing on a line of credit from at least one private-equity firm.

The payoff of this arrangement for both Opendoor and its financier might prompt more non-bank financial firms — such as private-equity companies and hedge funds — to wade further into the mortgage space.

Such companies have already been increasingly funding mortgages through online lenders and real estate crowdfunders.

Buyers might be able to more easily qualify and close on such mortgages than traditional home loans. Opendoor’s growth could catalyze acceleration in this arena.

10. Simplified title services

Opendoor uses Fidelity National Title to facilitate a majority of its transactions.

The two companies are presumably collaborating to simplify title transfer, insurance issuance and escrow services.

Other title companies would try to replicate successful innovations. Blockchaintechnology could help drive this, such as by undergirding e-signing.

Email Teke Wiggin.

0 comments

You should be selling while others hibernate

Tags

, , ,

You should be selling while others hibernate.
By Richard Courtney – Christianson Patterson Courtney & Associates

(As seen in the 11/25/16 Ledger column)

With Thanksgiving hovering, listings usually go into hibernation this time of year as sellers do not want to be inconvenienced with showings over the holidays.

house-picture-01

Once the leaves fall from the trees and the green abandons the grass, the city switches from color to black and white. Some feel that backdrop is not conducive to the home-selling experience.

Based on the Greater Nashville Association of Realtors sales data, the number of transactions will drop substantially to a number that is half the monthly sales that the area amasses in the spring and fall markets.

Many sellers feel that by awaiting the spring market, they will receive more money for their homes than in the dark, cold winter months.

While the market comes alive in the spring – spring now being late February on the real estate calendar – the volume increases and the prices are higher than those of the previous year.

However, sellers should be advised that there are as many people relocating in the area in the winter as there are in the spring.

Additionally, with many of the would-be competitors waiting for the robins to sing before marketing their homes, the competition is significantly reduced. Showings slow as only serious buyers are braving the elements to shop for housing.

Many successful, veteran agents will testify to the fact that they make their hay when the sun is not shining, selling while the competition is taking a break for the holiday.

Houses cannot sell when they are not on the market.

There are several groups of people that start new jobs in the beginning of the year.

Many of those come to town and lease, beginning their searches in January with plans to buy, close, move and bring the family after the end of the school year.

Sellers should not be deterred by dropping mercury.

New Listings Homes Nashville June 7, 2016

Tags

, , ,

NEW LISTINGS Nashville June 7, 2016 – TheDailyClassifieds.com
Just Listed Nashville June 7, 2015 – Powered by TheDailyClassifieds.com
Advertising Contact – 615-673-1112 – Info@TheDailyClassifieds.com

New Listings Homes For Sale Nashville

A Listing Divider


530 Jackson Blvd Nashville, TN 37205
Subdivision: Homes For Sale Belle Meade/Jackson Estate
MLS #: 1736317, Price: $ 14,700,000.00
Bedrooms: 6, Baths: 8, Baths Half: 5
Housing type: Single Family, Square feet: 22004
County: Davidson
PROPERTY INFO: http://www.thedailyclassifieds.com/mlsurlredirect.asp?lid=1444523

Listing Agent: Laura Stroud, Cell phone: 615-330-5811
Office: French King Fine Properties, Phone: 615-292-2622

A Listing Divider

7675 Sawyer Brown Rd Nashville, TN 37221
Subdivision: Land For Sale
MLS #: 1736268, Price: $ 119,998.00
County: Davidson County
PROPERTY INFO: http://www.thedailyclassifieds.com/cl.asp?l=1444510

Listing Agent: Steve Laviola, Cell phone: 615-347-1791
Office: RE/MAX Premier Properties, Phone: 615-822-2003
A Listing Divider


8200 Penn Way Ct Franklin, TN 37064
Subdivision: Homes For Sale Brandon Park Downs
MLS #: 1736402, Price: $ 1,189,900.00
Bedrooms: 4, Baths: 3, Baths Half: 3
Housing type: Single Family, Square feet: 7890
County: Williamson
PROPERTY INFO:http://www.thedailyclassifieds.com/mlsurlredirect.asp?lid=1444527

Listing Agent: Guy Richie, Cell phone: 615-975-4837
Office: Worth Properties LLC, Phone: 615-250-7880
A Listing DividerJust Listed Homes NashvilleA Listing Divider


1002 Vista Cir Franklin, TN 37067
Subdivision: Homes For Sale Cross Creek Sec 2
MLS #: 1736300, Price: $ 575,000.00
Bedrooms: 4, Baths: 4, Baths Half: 1
Housing type: Single Family, Square feet: 4111
County: Williamson
PROPERTY INFO:http://www.thedailyclassifieds.com/mlsurlredirect.asp?lid=1444524

Listing Agent: Charlene Kimmel , Cell phone: 615-579-8163
Office: Bob Parks Realty, Phone: 615-790-7400

A Listing Divider


1705 Tensaw Circle Franklin, TN 37067
Subdivision: Homes For Sale Mckays Mill
MLS #: 1736432, Price: $ 649,900.00
Bedrooms: 6, Baths: 4, Baths Half: 1
Housing type: Single Family, Square feet: 5115
County: Williamson
PROPERTY INFO: http://www.thedailyclassifieds.com/mlsurlredirect.asp?lid=1444522

Listing Agent: Kellie Seboa , Cell phone:
Office: Keller Williams Realty, Phone: 615-778-1818

A Listing Divider


3917 Cross Creek Rd Nashville, TN 37215
Subdivision: Homes For Sale Green Hills
MLS #: 1736354, Price: $ 749,900.00
Bedrooms: 4, Baths: 3, Baths Half: 1
Housing type: Horiz. Property Regime-Detached, Square feet: 2779
County: Davidson
PROPERTY INFO: http://www.thedailyclassifieds.com/mlsurlredirect.asp?lid=1444521

Listing Agent: Angela Pickney O’Neil, Cell phone: 615-429-6523
Office: The Wilson Group, Phone: 615-385-1414

A Listing Divider

4166 Outer Dr Nashville, TN 37204
Subdivision: Homes For Sale Green Hills
MLS #: 1736224, Price: $ 899,500.00
Bedrooms: 4, Baths: 3, Baths Half: 1
Housing type: Single Family, Square feet: 4132
County: Davidson
PROPERTY INFO: http://www.thedailyclassifieds.com/mlsurlredirect.asp?lid=1444526

Listing Agent: Walter Roberts, Cell phone: 615-300-7728
Office: Pilkerton Realtors, Phone: 615-371-2474

A Listing Divider


2905 Westmoreland Dr Nashville, TN 37212
Subdivision: Homes For Sale Hillsboro Village
MLS #: 1736212, Price: $ 699,000.00
Bedrooms: 3, Baths: 3, Baths Half: 1
Housing type: Single Family, Square feet: 2908
County: Davidson
PROPERTY INFO: http://www.thedailyclassifieds.com/mlsurlredirect.asp?lid=1444525

Listing Agent: Dana Griscom, Cell phone: 615-485-5360
Office: Pilkerton Realtors, Phone: 615-383-7914

A Listing Divider


1815 Daisy Ct Murfreesboro, TN 37128
Subdivision: Homes For Sale The Meadows Sec 4 Resub
MLS #: 1736341, Price: $ 110,000.00
Bedrooms: 2, Baths: 1, Baths Half: 1
Housing type: Zero Lot Line, Square feet: 1188
County: Rutherford
PROPERTY INFO:http://www.thedailyclassifieds.com/mlsurlredirect.asp?lid=1444519

Listing Agent: Glenda Victory, Cell phone: 615-405-9887
Office: Bob Parks Realty, Phone: 615-896-4040

A Listing Divider

1806 Newton Ave Murfreesboro, TN 37129
Subdivision: Homes For Sale Riverview Park Sec 18
MLS #: 1736364, Price: $ 289,900.00
Bedrooms: 3, Baths: 3, Baths Half: 0
Housing type: Single Family, Square feet: 2661
County: Rutherford
PROPERTY INFO: http://www.thedailyclassifieds.com/mlsurlredirect.asp?lid=1444520

Listing Agent: Glenda Victory, Cell phone: 615-405-9887
Office: Bob Parks Realty, Phone: 615-896-4040
A Listing Divider

What’s Cookin’ Nashville

Nashville Whats Cookin Good Night

New Condo Project in Wedgewood Houston – Six10 Merritt

Tags

, , ,

New Condo Project in Wedgewood Houston – Six10 Merritt
Article by http://nestinginnashville.com/

Six10 Merritt is a 26 home condominium project coming to  Wedgewood Houston – Nashville’s hottest up and coming market. It will be anchored by two commercial/retail spots and located on the corner of Merritt & Martin. There will be two types of homes: flats & townhomes. Six10 Merritt is the first mixed-use building in a large master planned development called The Finery, all by Core Development.

House Picture 01

The flats will be walk-up condos above the commercial/retail space on the 2nd & 3rd floors of the building. There will be 12 of these. Ten studio, one-bedroom, and two two-bedroom flats, ranging in size from 524 to 980 square feet. There will be one assigned parking space per flat in an open lot. The studios are $149,900, one-bedrooms $184,900-199,900 and two bedrooms $249,900.
The townhomes are three levels, two bedroom, two bath, plus a flex live/work space on the bottom level, with an ADA bathroom and a few options to finish out part of the space. They have rooftop decks and attached two-car garages. These units can be used to live in and run a small storefront out of on the bottom level. These will start at $409,900.

The homes have been sytled to embrace the creative/marker/artistic character of the neighborhood, with streamlined and somewhat industrial style finishes. Flooring is clear-coated concrete throughout, quartz countertops in a light or dark color choice, and maple or oak flat front cabinets & stainless appliances. The homes will have chrome hardware throughout, and Alabaster white paint on the walls and ceiling with modern grey trim.

Investors purchases are limited to 5 town homes only. Minimum rental term is one year. Core will begin accepting contracts on July 15th. Ocuupancy is expected in 2016. Earnest money down at contract is 3% which becomes non-refundable after 10 business days. HOA dues are $0.15 per foot.

You can see floor plans on the website at six10merritt.com.

Are you interested in pursuing a home are SIX10 Merritt? Our team would be glad to assist you with buyer representation.
Call us at 615.266.6778 or click here to contact us.

How stock market slump is both good and bad for real estate

Tags

, , , ,

How stock market slump is both good and bad for real estate

Brad Inman, Publisher – Inman Daily

Takeaways:

  • Slumping stock market could put brakes on interest rate hikes.
  • Real estate perceived as safe haven for investments when stocks falter.
  • Biggest danger is when stock market woes portend deeper economic woes, which is bad for housing.

Every Saturday morning at Nate ’n Al of Beverly Hills Delicatessen, a group of older guys gather to gossip and chat about their families, their friends, politics and the economy. This past Saturday, the 1,000-point drop in the Dow Jones industrial average was a hot topic of discussion.

After chatting about the China effect and the rolling thunder in Europe, one fellow predicted, “This should be good for real estate, right? People move their money into property when stocks go bad.”

That is one popular theory of what happens when the stock market takes a $1.8 trillion hit — investors move to safety, and tangible assets like real estate can win the day.

Chadney Barcus

The Wall Street sell-off is “good for real estate,” said Chadney Barcus, who is a broker, consultant and agent trainer for Coldwell Banker. “Consumers are more comfortable with assets they own, especially in times of volatility and uncertainty,” she said.

That sentiment was echoed by luxury real estate agent Christopher, who said, “A stock market bash always helps real estate.”

But if the stock market slump is an omen for more difficult economic times ahead, real estate can get hurt. A stock market crash can give consumers goosebumps, and commerce generally slows if that happens, as people don’t make big bets on anything. Instead, they step back until the the dust settles.

Deals can fall out of escrow, and longer-term job growth can slow down. It is not a good trend if the U.S. economy is the last man standing as Europe struggles, Asia falters and the rest of the world scrambles to grow while China stops feeding their economies.

However, the timing for this stock slump could be fortuitous because the Federal Reserve is expected to push up interest rates sometime this fall. If stock market misery here and the economic doldrums globally makes the Fed uneasy about its expectations of economic growth, it might second-guess its call to raise rates.

Anthony Lamacchia

“No doubt this is good for us,” said real estate broker Anthony Lamacchia. “It will keep interest rates low and help pour more money into bonds instead. This, plus low oil prices, helps real estate.”

Christopher Palmer, an assistant professor of real estate at the University of California, Berkeley’s Haas School of Business, agrees. “When bond markets are flush with so much capital, investors ‘reach for yield’ and search for other investments, like real estate, that can offer a higher payout,” he said.

One of the worst housing market busts happened in tandem with the biggest stock sell-off since the Great Depression and triggered the beginning of the national recession in 2008.

Real The Rest of the Story at ———– Inman News

Homes For Sale River Landing Franklin Tennessee

Tags

, , , , ,

Homes For Sale River Landing Franklin TN – New Listing 5-23-14 –
200 Winburn Ln – Franklin,  TN  37069

House Picture 1

200 Winburn Ln – Franklin,  TN  37069 – River Landing
Beautiful private yard!Chef’s kitchen*Viking gas range top and hood*double ovens*butlers pantry*Master down with vaulted ceiling*wood burning fireplace and gas starter*3 bedrooms up*two full baths*huge walk in storage room!!!

Listing Website – http://www.pilkertonrealtors.com/1636802

Bedrooms – 4 Full Baths – 3½ Baths – 1Year Built – 2002 Sq Ft – 4,164
MLS #1636802

House Picture 2
Lot Size 93 X 186
Number of Stories 2.00
SqFt – Main Floor 2,580
SqFt – Second Floor 1,584
Living Room Dimensions 20×19
Bedroom 1 Dimensions 17×15
Type of Range Cooktop
Construction All Brick

Location

City Franklin
Subdivision River Landing Sec 1
MLS Area 10-Williamson County
Zip Code 37069

Schools

Elementary School Walnut Grove Elementary
Middle/Jr. High Grassland Elementary
Senior High Franklin High School

Utilities & Fees

Cooling Source Electric
Cooling System Central
Heating Source Gas
Heating System Central
Sewer System Sewer
Water Source City Water

Mary Love Patton – Agent – 615-533-3169
Pilkerton Realtors – 615-371-2474

marylove-patton