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Category: real estate

December 8th, 2014

So you’re waiting to buy a new home because you think getting a mortgage is impossible?

Categories: Industry News, livejones, New construction, new home builder, new homes, News, People, real estate | Tags: , , , , , , , , , , ,

Think again!la-blm-existing-home-sales-jpg-20141203

When it comes to buying a house, are you in the “no way I could possibly qualify” category?  Not enough cash in the bank for a down payment or closing costs? Credit scores good but not great? So much deferred student loan debt that you assume any lender would slam the door?

Join the crowd. Large numbers of Americans feel the same, in part because they read and hear that qualifying standards for mortgages are the strictest they’ve been in decades. A study based on a statistical sample of potential home buyers conducted earlier in the year by the mortgage company LoanDepot found that nearly 60% of people who say they want to buy a home aren’t pursuing it because they think there’s just no point — they are convinced their applications would be rejected. Three-quarters of them, however, concede that they haven’t done a thing to check out current lender requirements.

But here’s some good news for these folks: Changes are underway in the mortgage market that could give them a better shot at qualifying. Start with recent policy shifts at giant mortgage investors Fannie Mae and Freddie Mac, the two dominant funding sources for new loans. Late in November, both companies announced procedural changes that should encourage lenders to be less fearful that the mortgages they approve will be subject to costly “buyback” demands if borrowers go delinquent.

To read the full article please visit:

Source:

http://www.latimes.com/business/realestate/la-fi-harney-20141207-story.html

December 5th, 2014

8 Benefits of Buying a House at Year’s End

Categories: Live Smart, New construction, new homes, new homes bellevue, new homes Franklin, new homes in college grove, new homes in fairview, new homes in franklin, new homes in mt. juliet, new homes in spring hill, new homes in Summerlyn, new homes in thompson's station, new homes in Watkins Creek, new homes nashville, new homes nolensville, new homes providence, real estate | Tags: , , , , , , ,

Buying a House at Year's End

Summer may be real estate’s busy season, but winter offers great opportunities for buying a house, especially for renters looking to become homeowners, growing families trading up to larger houses and baby boomers seeking homes to fit their evolving lifestyles.

Generally speaking, your housing choices during the late fall are still healthy. October and November are great months to go house hunting. December is usually sparse, market-wise, but if that fits your timeline, you could luck out.

The benefits to buying a house at the end of the year include the following:

1. Tax savings

If you close by December 31, you can deduct mortgage interest, property taxes, points on your loan and interest costs. These deductions are significant, especially in the early years of your loan when you’re paying off a lot of interest.

2. Motivated sellers

Many sellers want to enjoy tax savings on the next home they purchase. They may accept lower bids in order to meet Uncle Sam’s deadlines. However, if you’re in a strong seller’s market, you’ll want to be conservative and heed advice from your real estate professional.

3. Builder incentives

If you’re buying a house that is brand new, there’s a good chance builders may push to close the books on their year—and meet quotas. They may offer upgrades or little extras to sell houses before the calendar turns.

4. Available movers

Many moving companies are booked six weeks or more in advance during the busy summer months. In the fall and winter, it’s normally easier to secure the services of a moving company or rental equipment on shorter notice.

5. Paying toward something you own

If you’re renting, your monthly check goes toward something that will last you a month: You’ll never see any return on that money. When you buy a house, your monthly mortgage payment goes toward an investment—and ultimately a roof that’s yours.

6. Consistent payments

Landlords can increase your rent. Once you secure a mortgage, you can rely on consistent payments if you have a fixed-rate loan.

7. Freedom to renovate

Modernize your kitchen, paint your home’s exterior neon orange, change your fixtures or replace your carpeting; whatever inspires you, no one can tell you, “No!”

8. Gaining equity

In the beginning, most of your payment goes toward interest. But gradually more will go toward paying off your principal, meaning you build up equity—or savings—in your home. Another factor in equity is appreciation: As home values rise, so does your rate of equity.

 

Source: http://www.realtor.com/advice/8-benefits-buying-a-house-years-end/

 

December 3rd, 2014

The Real Estate Market Has Turned The Corner

Categories: Industry News, Live Smart, New construction, new home builder, new homes, News, real estate | Tags: , , , , , , , ,

The Real Estate Market has Turned the Corner

As we finish 2014, it appears the real estate market is once again on solid footing and ready to advance forward over the next few years. The strength of the market can be viewed using two metrics: projected home values and projected house sales.

We recently reported that the Home Price Expectation Survey revealed future home values will continue to appreciate nicely. Today we want to look at projections on the number of home sales (existing and new construction) we will see over the next two years. We researched what the National Association of Realtors (NAR), Freddie Mac and the Mortgage Bankers’ Association (MBA) are projecting for the housing industry going forward.

Here is what we found:

Projective Total Home Sales

 

All three entities see the number of home sales increasing in both 2015 and 2016. This is further proof the housing market is back.

 

Source:  http://www.simplifyingthemarket.com/2014/12/03/the-real-estate-market-has-turned-the-corner/?a=73702-8b4d5fa2b25d48650e2734cf842224df

November 19th, 2014

PRESS RELEASE: The Jones Company Brings More Than 60 New Home Sites to Williamson County

Categories: coming soon, live green, Live Smart, livejones, New construction, new home builder, new homes, new homes nolensville, News, People, Press Releases, real estate, Whitney Park Community | Tags: , , , , , , , , , , , , , , , , ,

The Jones Company of TN, LLC

Whitney Park at Burkitt Place announced to add homes to existing Burkitt Place neighborhood.

 

NASHVILLE, Tenn.The Jones Company, a Nashville-based home builder, has announced Whitney Park at Burkitt Place as their newest community planned for Williamson County.

The Whitney Park at Burkitt Place neighborhood is located in Nolensville, Tenn. with convenient access to Interstates 24 and 65, Brentwood, Cool Springs, Nolensville and downtown Nashville. Whitney Park at Burkitt Place homes will feature The Jones Company’s hometown village collection homes, which are priced from the $360s and range from 2,535 to 3,650 square feet. The homes are available in multiple sizes, floor plans, and customizable options. The neighborhood offers access to Burkitt Place Swim Club featuring a five lane lap pool, adult pool and children’s pool, as well as a comprehensive park system of paved trails and sidewalks, a neighborhood cabana and children’s play areas.

“This area of Williamson County offers a great bargain for a convenient location and a great school system,” said Ken Stricker, The Jones Company CEO. “We are excited to expand the existing Burkitt Place neighborhood with our newly updated Hometown Village collection homes.”

Construction will begin on the Whitney Park at Burkitt Place model home next month. Updates about the neighborhood’s progress will be posted at LiveatWhitneyPark.com. For more information, contact The Jones Company’s new home concierge at 615-595-5447. Information about other neighborhoods from The Jones Company can be found at LiveJones.com.

About The Jones Company
The Jones Company, a Nashville home builder was founded by John E. Jones of St. Louis in 1927. The three-generation family owned and operated company offers a variety of home collections in all price ranges to meet diverse lifestyle needs. Known in the homebuilding industry as innovative and customer-oriented, the company’s in-house architectural department strives to find new ways to provide the best value to buyers. It is for this reason that many customers purchase two, three and even four Jones homes throughout their lifetime. In demonstrating this mission, every Jones home is backed by a one-year warranty on workmanship and materials and a 10-year guarantee on major structural components. The company is proud to have a history of community involvement, including more than a decade of projects with Habitat for Humanity.

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October 27th, 2014

Nashville of today result of years of strong leadership

Categories: Live Smart, living green nashville, Nashville, New construction, News, People, Press Releases, real estate, tn | Tags: , , , , , , , , , , ,

 

“Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it is the only thing that ever has.” — Margaret Mead

It seems you can’t drive more than a few miles in any direction in Nashville without passing a construction site. Our built environment is changing before our eyes — and for the better:

1. A dingy industrial sector of downtown — literally on the wrong side of the tracks — is today one of Nashville’s hottest mixed commercial use districts, drawing praise from the New York Times, Bon Appetit and many other national publications.

2. A tire store has been replaced by a gleaming new 23-story condominium building with awe-inspiring views of downtown and a lush rooftop park.Nashville construction

3. Several tired, car-centric strip centers have been replaced by pedestrian-friendly retail villages.

4. Another largely abandoned strip center has been converted into a mixed-use development with attractive apartments and three restaurants — one of which was recently named Nashville’s “Best New Restaurant” in a readers’ choice contest.

5. A new baseball field is rising on state-owned land that had been little more than a blight on the view from Capitol Hill.

6. Three primary corridors radiating from downtown have transformed from undesirable venues to the “next big thing” — or are already white hot.

(Can you guess what these properties are? The answers are at the end of this column.)

 

Read full article: http://www.tennessean.com/story/money/2014/10/27/nashville-today-result-years-strong-leadership/17736289/

 

Source:  Wood Caldwell / Tennessean    http://www.tennessean.com/story/money/2014/10/27/nashville-today-result-years-strong-leadership/17736289/

October 9th, 2014

Nashville home sales jump almost 20 percent in September

Categories: new home builder, new homes, new homes bellevue, new homes brentwood, new homes Franklin, new homes in college grove, new homes in fairview, new homes in franklin, new homes in mt. juliet, new homes in smyrna, new homes in spring hill, new homes in Summerlyn, new homes in thompson's station, new homes in Watkins Creek, new homes mt. juliet tn, new homes nashville, new homes nolensville, new homes providence, News, real estate | Tags: , , , , , , , , , ,

 It remains a seriously good time to be a real estate agent in the Nashville metro area.

The Greater Nashville Association of Realtors released data Wednesday showing that the number of homes, condos and properties sold last month surged 19 percent. There were 3,122 closings last month, which is 500 more than in September 2013.

Better yet, median sales prices jumped as well, especially in residential deals.New Home Sales

Even more gains are looming: There were 3,049 sales pending when September ended. That’s 562 more than at that point in 2013 — a 23 percent increase.

Last month, the median single-family home sold for $211,400, the point at which half of home sales were smaller and half were larger.

That’s almost $16,000 more than the median from September 2013, an 8 percent gain.

In the third quarter, nearly every county in the market experienced more sales of homes, condos or both, according to Hagan Stone. He’s president of the GNAR and also an agent at Pilkerton Realtors.

Read full article: http://www.bizjournals.com/nashville/blog/real-estate/2014/10/nashville-home-sales-jump-almost-20-percent-in.html

 

Source: http://www.bizjournals.com/nashville/blog/real-estate/2014/10/nashville-home-sales-jump-almost-20-percent-in.html

 

September 8th, 2014

PRESS RELEASE: The Jones Company and Summerlyn in Nolensville

Categories: Live Smart, livejones, new homes in Summerlyn, new homes nolensville, News, People, Press Releases, real estate, Summerlyn Community | Tags: , , , , , , , , , , , , , , ,

 

The Jones Company of TN, LLC

THE JONES COMPANY PURCHASES PROPERTY ADJACENT TO NEW WILLIAMSON CO. SCHOOLS FOR NEW COMMUNITY

 

Construction for 249 Nolensville home lots to be built by The Jones Company and Drees Homes

 

NASHVILLE, Tenn.The Jones Company, a Nashville-based home builder, has closed on the property for a new Nolensville neighborhood called Summerlyn. The neighborhood is adjacent to the planned Williamson County school campus that will include Nolensville High, Mill Creek Middle and Mill Creek Elementary. The neighborhood will include 249 home lots that will be built on by both The Jones Company and Drees Homes.

 

The Summerlyn neighborhood is located on 151 acres in Nolensville near the intersection of Nolensville Pike and York Road. The homes are expected to be priced from the $290s and range from about 1,800 to 4,000 square feet. Three series of homes will be available in multiple sizes, floor plans, and customizable options.

 

“Nolensville is a growing community, and the proximity to the new schools will make this neighborhood an ideal location for families,” said Kenneth Stricker, The Jones Company CEO. “We are really excited about all that this neighborhood is going to offer our homebuyers, including a planned amenity package with a pool and cabana, open space, and approximately one mile of walking trails. Plans are even in place for a pedestrian bridge that will connect to the future schools.”

 

Development work will begin immediately with home construction slated to begin later this year. For more information on Summerlyn, one can sign up for neighborhood news and updates at www.liveatsummerlyn.com. For more information on The Jones Company, see www.LiveJones.com.

 

About The Jones Company
The Jones Company, a Nashville home builder was founded by John E. Jones of St. Louis in 1927. The three-generation family owned and operated company offers a variety of home collections in all price ranges to meet diverse lifestyle needs. Known in the homebuilding industry as “the value leader,” the company’s in-house architectural department strives to find new ways to provide the best value to buyers. It is for this reason that many customers purchase two, three and even four Jones homes throughout their lifetime. In demonstrating this mission, every Jones home is backed by a one-year warranty on workmanship and materials and a 10-year guarantee on major structural components. The company is proud to have a history of community involvement, including a decade of projects with Habitat for Humanity.

 

About Drees Homes
Drees Homes, family-owned and operated for over 85 years, is ranked nationally as the 23rd largest homebuilder by Builder magazine. Headquartered in Ft. Mitchell, Kentucky, Drees operates in Cincinnati/Northern Kentucky, Cleveland, Indianapolis, Jacksonville, Nashville, Raleigh, Austin, Houston, Dallas, and Washington DC/Maryland/Virginia. The company operates as “Drees Custom Homes” in Texas. Visit the company’s web site at: http://www.dreeshomes.com

August 14th, 2014

Second-quarter data shows boom continues for new homes in Nashville

Categories: Live Smart, Nashville, new home builder, new homes, new homes bellevue, new homes Franklin, new homes in college grove, new homes in fairview, new homes in franklin, new homes in mt. juliet, new homes in smyrna, new homes in spring hill, new homes in thompson's station, new homes in Watkins Creek, new homes mt. juliet tn, new homes nashville, new homes providence, News, real estate, single family homes in Nashville | Tags: , , , , , , , ,

from the Nashville Business Journal

New home construction starts and sales in Nashville both increased 9 percent in the second quarter, according to Metrostudy.Nashville Housing Market

There were 1,402 new home sales in Nashville during the second quarter, up 9 percent from 1,287 closings on new homes in the same period of 2013, according to Eugene James, Metrostudy’s regional director. On an annual basis (for the twelve months ended June 2014), there were 6,138 new homes sold in the Nashville market, a 23 percent increase compared to the prior twelve months.

Meanwhile, builders began construction of 1,592 new homes in Nashville in the second quarter, also a 9 percent year-over-year quarterly increase, James said. That’s a 21 percent increase on annual basis.

Metrostudy found there is a 1.7 months supply of finished homes on the market, which James said is below Nashville’s norm of 2 to 2.5 months.

“There’s an undersupply of houses that are immediately available,” James said. “The demand of houses is outpacing the supply. Builders are trying to build as many houses as they can to meet demand.”

James pointed to job growth in Nashville as the primary driver in new home activity.

“Nashville’s total employment is near an all-time high,” James said. “Employment is robust and unemployment compared to other markets is relatively low.”

“The Nashville market is doing well,” James added. “That goes back to the job market, especially compared to other markets the size of Nashville.”

Overall, homes sales rose slightly in July, according to the Greater Nashville Association of Realtors. Single-family homes sold for an average of $221,000 in July, up from $204,000 a year ago.

 

Source:  http://www.bizjournals.com/nashville/blog/2014/08/second-quarter-data-shows-boom-continues-for-new.html

August 6th, 2014

Low closing costs give Tennessee home buyers edge

Categories: Live Smart, Nashville, new home builder, new homes, new homes bellevue, new homes brentwood, new homes Franklin, new homes in college grove, new homes in fairview, new homes in franklin, new homes in mt. juliet, new homes in spring hill, new homes in thompson's station, new homes in Watkins Creek, new homes mt. juliet tn, new homes nashville, new homes nolensville, new homes providence, News, real estate | Tags: , , , , , ,

from Nashville Biz Blog

The housing market remains attractive as mortgage rates have stayed low, but closing costs and fees have been taking larger bites out of potential Low closing costs give Tennessee home buyers edgebuyers’ pockets. But not in Tennessee, where closing costs are among the lowest in the nation.

According to Bankrate, mortgage closing costs now average $2,539 on a $200,000 loan, a 6 percent increase over the past year. Origination fees increased even more with a 9 percent increase over the same period last year.

“New mortgage regulations are the biggest reasons why closing costs went up over the past year,” said Holden Lewis senior mortgage analyst at Bankrate.com. “The good news is that some lenders have not increased fees. To get the best deal, consumers should compare good faith estimates from at least three different lenders.”

Bankrate estimates that home buyers in Tennessee will pay about $2,366 in closing costs, the second lowest in the nation, trailing only Nevada. Home buyers in Nevada pay just $2,265 on average.

At a total estimated cost of $3,046, Texas’ average closing costs are the highest in the nation.

To compile its estimates, Bankrate requested good faith estimates for a $200,000 mortgage loan from up to 10 lenders in each state. The hypothetical loan was for a purchase of a single-family house in the state’s largest city, using a 20 percent down payment, with excellent credit, the study says.

 

Source: http://www.bizjournals.com/nashville/blog/2014/08/low-closing-costs-give-tennessee-home-buyers-edge.html?ana=fbk

July 15th, 2014

Middle Tennessee real estate market is hot!

Categories: Live Smart, new homes, new homes Franklin, new homes in fairview, new homes in franklin, new homes in mt. juliet, new homes in spring hill, new homes in thompson's station, new homes in Watkins Creek, new homes mt. juliet tn, new homes nashville, new homes providence, News, real estate | Tags: , , , , , , ,

Real Estate is Hot!Thermometers are used to measure all sorts of things. Organizations use them as a visual gage for fundraising. Most commonly they are used to determine a specific level of heat in the body, a room or the environment. Recently we have definitely seen it heat up … both in the temperature outside and in the region’s real estate market.

Last week, the Greater Nashville Association of Realtors released home sales data for the month of June, as well as county data through the midyear. For June home sales rose again, up just over nine percent. As a whole, our region is up a little more than three percent from June 2013.

Median prices are also rising for single family residential homes and condominiums. Both are up close to $20,000 over last year. This is great news for current and future homeowners, as steady gains continue to affirm the value of home ownership. …

Read full article: http://www.tennessean.com/story/money/real-estate/2014/07/13/middle-tennessee-real-estate-market-hot/12591133/

 

Source: http://www.tennessean.com/story/money/real-estate/2014/07/13/middle-tennessee-real-estate-market-hot/12591133/

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