Area Home Sales Continue to Rise as Mortgage Rates Continue to Fall

Have you been waiting for the perfect opportunity to buy your new home?  If so, wait no longer...THE TIME IS HERE!

It is news we've grown accustomed to hearing by now, but national mortgage rates have reached yet another all-time low.  30-year fixed-rate mortgages averaged 3.79% this week, down slightly from last week and down significantly (almost a whole percent) from this time last year.  The 15-year fixed-rate loan is also down to 3.04%.  Couple this with the fact that houses are still priced very modestly, and you can really get a lot of bang for your buck!

On a more local level, the Greater Nashville Association of REALTORS® is reporting that area home sales in April were up a drastic 25% from the month before, including 2,186 home closings.  Furthermore, GNAR's figures conclude that April's home closings represent an almost 25% increase from a year ago at this time.


According to GNAR President Kendra Cooke, "Total sales are the best we've seen since June 2010, which was the initial deadline for the First Time Buyer Tax Credit.  While some of the increase can be attributed to normal seasonal trends, the high number of closings is a clear indication that the real estate market in this region is showing significant improvement.  The continuation of historically low interest rates, increasing economic confidence and increasing rental rates are all factors having a positive impact on real estate sales."

Inventory in the Greater Nashville area is down from this time last year, putting an even greater emphasis on sellers having their homes well-prepared for showings.  According to President Cooke, "While market activity is increasing, buyers are very focused on properties they visit being clean and fixed-up if they are going to seriously consider making a purchase."

So how do you do just that?  Visit The SOLD Sisters website for some useful tools and information before you get ready to sell.

Better yet, if you are looking to buy or sell real estate, contact us today.  We would love to help you every step of the way!

Office: 615-200-7539

Mickie Howell - Team Leader
Owner of The SOLD Sisters™ in TN

615-294-4798
SoldByMickie@gmail.com

John D. Smith - Buyers Agent
615-542-9094
SoldByJohnSmith@gmail.com


Leslie Wright - Buyers Agent
615-419-7692
SoldByLeslieWright@gmail.com