Tag Archives: Fannie mae

Home Values With Tom White

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This-Week-700

Special Guest

Residential Home Appraiser

Tom White

A long time East Tennessee appraiser, Tom has seen market chances and fluctuations that most professionals don’t see in a life time. His experiences give our listening audience a unique perspective of home values.

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Home Values With Tom White

On this weeks show, we discuss Collateral Underwriter (CU). CU  is a proprietary model-driven tool developed by Fannie Mae that provides an automated appraisal risk assessment to support proactive management of appraisal quality.  CU is now available in to provide transparency and help lenders more effectively and efficiently identify issues with appraisals. Tom unwraps the particulars regarding CU and helps us understand how this FNMA system will benefit the home valuation process.cu

TFW Appraisal Services provides dependable and accurate appraisals in Oak Ridge and Anderson county.As a licensed appraiser, I have the education and qualifications to provide the type of reliable home values that banks and major lending institutions require for home loans.  And with years of experience behind me, I’m prepared to handle a variety of property types.
House Image In addition to mortgage appraisals,
my services are also available for:

  • Removing PMI (Private Mortgage Insurance)
  • Tax Assessments (reducing your property taxes)
  • Setting a home’s sales price
  • Legal matters such as divorce settlements
  • Estate planning
  • Employee relocations
My investment in technology means faster turn times for you and lower costs for everybody.  I take pride in providing personalized customer service whether I’m on the phone, sending e-mail or communicating through this website which you can use 24/7 for placing orders, checking status or downloading completed reports.Thanks for taking time to visit TFW Appraisal Services.  If you have any questions, don’t hesitate to contact me.
 REASONS TO GET AN APPRAISAL

Every year, countless people in the United States buy, sell or refinance their own slice of the American Dream.  Most, if not all, of these transactions include a simple line item for an appraisal.  It has become an understood and accepted part of a real estate transaction.  “Let’s bring in the expert and make sure we’re not spending too much on this property.”

But is this the only reason to get an appraisal? Are there other times when the services of a certified, licensed, independent real estate professional might come in handy?  You bet.

PURCHASE OF A HOME
One of the most important issues involved in purchasing a property is developing an opinion of what it’s worth so that you can make an informed offer to purchase.  A professional appraisal report performed by a qualified, state-licensed appraiser can provide you with an objective, third party opinion of a property’s current Market Value.  And for the small price of this service, you can give yourself “peace of mind” prior to making an offer to purchase that you’re offering a fair price for the property.

REFINANCE OR GET A HOME EQUITY LOAN
If you need to consolidate bills, have a college tuition to pay, or just want to tap into the equity of your home, you’ll need a new loan, which oftentimes requires a new appraisal of the property.

PMI REMOVAL
Private Mortgage Insurance or PMI is the supplemental insurance that many lenders ask home buyers to purchase when the amount being loaned is more than 80% of the value of the home. Very often, this additional payment is folded into the monthly mortgage payment and is quickly forgotten. This is unfortunate because PMI becomes unnecessary when the remaining balance of the loan – whether through market appreciation or principal paydown – dips below this 80% level. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.

Many appraisers offer a specific service for home owners that believe they have met the 80% loan-to-value metric. For a nominal fee, the appraiser can provide you with a statement regarding the home value. Some will even take the next step and help you file a challenge with your mortgage company. The costs of these services are very often recovered in just a few months of not paying the PMI.

DIVORCE SETTLEMENT
A divorce can be a particularly traumatic experience for both parties and is often further complicated by the difficult decision of “Who gets the house?”.  In most divorce cases, the Court won’t usually force the parties involved to “buyout” the other party’s interest but it may however order the sale of the home so each party gets an equal share of the equity.  Regardless of the situation, it’s a good idea to order an appraisal so both parties are fully aware of what the true market value is.

If the parties want to sell the home, they’ll have a better idea of what price to set.  And on the flipside, if a “buyout” is the chosen option, both parties will feel like they’ve gotten a fair assessment.

ESTATE LIQUIDATION
The loss of a loved one is a difficult time in life and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the residential property involved.  The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.

Unlike many wealthy individuals, the majority of Americans do not have dedicated estate planners or executors to handle these issues.  Also, in most cases, a home or other real property makes up a disproportionate share of the total estate value.

Here too, an appraiser can help.  Often the first step in fairly disposing of an estate is to understand its true value.  Where property is involved, the appraiser can help determine the true value.  At this point, equitable arrangements can more easily be arrived at among disputing parties. Everyone walks away knowing they’ve received a fair deal.

RELOCATION
We understand the stress involved with an employee relocation.  We take great care in establishing a convenient appointment time for the appraisal inspection. During our thorough inspection, we encourage relocating employees to provide input on the positive attributes of their property along with information about any recent sales or listings in their neighborhood that they want considered.

HOME IMPROVEMENTS TO ADD VALUE
Before you decide to sell your home, there are several decisions to be made. First and foremost: “How much should it sell for?”  But don’t forget there may be other equally important questions to ask yourself such as “Would it be better to paint the entire house before we sell it?”, “Should I put in that third bathroom?”, “Should I complete my kitchen remodel?”  Many things which we do to our houses have an effect on their value.  Unfortunately, not all of them have an equal effect. While a kitchen remodel may improve the appeal of a home, it may not add nearly enough to the value to justify the expense.

SELLING A HOME
Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a better educated decision when determining your selling price.

Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for.  It’s easy for them to step in and give you the information to help you make your decision.  Appraiser fees are based on efforts to complete the report and not a percentage of the sales price. So seeking a professional appraisal can often help homeowners make the best decisions on investing in their homes and setting a fair sales price.

How To Contact Us
By Phone: 8652200200 (Office)
By Fax: 8652200730 (Fax)
By e-mail: tntom55@hotmail.com
Address: TFW Appraisal Services
139 W Madison Ln
Oak Ridge, TN  37830-5310

FNMA: The Lame Duck That Lays The Golden Eggs

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FNMA: The Lame Duck That Lays The Golden Eggs

November update:
Five years ago things looked really bad. All phases of the financials markets were collapsing. The Federal government stepped in, with TARP (Trouble Asset Relief Program), and bailed out Banks, FNMA, FreddieMac, Autos and more, almost 700 billion dollars were spent to keep things propped up.

FNMA became a lame duck company when the Federal Government placed them in conservatorship in 2008. The GSE’s (FNMA/FreddieMac) required 187 billion dollars from TARP funds, however, today they have re-paid 185.2 billion to the Feds. That’s 98.7% of the borrowed funds paid back in 5 years. Plus Fannie and Freddie are making significant profits and expect to add additional payments by year end. Also, since all future profits go the government, Fannie/Freddie will be huge money makers for the government and taxpayers sometime in 2014. FNMA: The Lame Duck That Lays The Golden Eggs.

Join us this Saturday on The Housing Hour: The History of Mortgage Lending

Freddie Mac Profits Push Dividend Return Close to Aid Amount

Read our multi-part Series: The Liquidity Factor

The Liquidity Factor: Fannie, Freddie Reform?

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Also Read: The Liquidity Factor

Political Experts Offer Divergent Views on Fannie, Freddie Reform

by Realtor.org

SAN FRANCISCO (November 9, 2013) – The contentious debate over the future of Fannie Mae, Freddie Mac and the Federal Housing Administration single-family mortgage insurance program may grow to a fever pitch in the coming months, but no meaningful Congressional action is in sight according to two of the nation’s leading housing finance policy experts.

Realtors® who attended a legislative and political forum at the 2013 Realtors® Conference and Expo weighed the divergent perspectives of Peter Wallison, former general counsel of the U.S. Treasury Department under President Reagan, and David Min, former Senate Banking Committee counsel to Sen. Chuck Schumer, D-N.Y. Wallison and Min traded opinions about the potential impact of federal policy decisions on the role, mission, and purpose of the government-sponsored enterprises.

“The government is the principle enemy of the housing finance market,” said Wallison. He said that the key to bringing stability to the housing finance market is strong underwriting standards, not a government guarantee. “Whenever government agencies are guaranteeing mortgages, there will always be the urge to extend the benefit as broadly as possible, which means that the standards for mortgages are degraded substantially.”

In stark contrast, Min attributed the post-Depression era stability of the housing finance market to the federal government’s role, which he said also contributed to an unprecedented era of fiscal success and the creation and popularization of the 30-year fixed-rate mortgage.

Min raised concerns about liquidity without a government guarantee from Fannie Mae and Freddie Mac. “Since the financial crisis, the federal government has backstopped more than 90 percent of mortgages, where would we be without that?” he asked.

Journalist Ken Harney moderated the forum and asked both speakers whether or not they supported legislation like the PATH Act, introduced by House Financial Services Committee Chairman Jeb Hensarling, R-Texas, which would eliminate Fannie and Freddie and the government guarantee.

“It would be better for everyone if we just had a private real estate market,” said Wallison, who called on Realtors® to support the bill.

NAR strongly opposes the PATH Act because it would create significant obstacles to homeownership for most Americans. The legislation would reduce the availability of safe, reliable mortgage products like the 30-year fixed-rate loan, and limit access to capital during economic downturns when private lenders tend to flee the market.

While Min opposes the legislation he agrees that it’s time to wind down Fannie and Freddie. “What I worry about is that they are a private-public model that is chasing profits and market share,” he said. “Right now they are bleeding infrastructure, which will ultimately lead to poor performance.”

Instead of the PATH Act, Min supports the Housing Finance Reform and Protection Act, introduced by Senators Bob Corker, R-Tenn., and Mark Warner, D-V.A., which would also phase out Fannie and Freddie, but the federal government would remain as an insurer of last resort, much like how the Federal Deposit Insurance Corporation acts as the insurer of last resort for troubled banks. NAR has long called for replacing Fannie and Freddie but maintaining an explicit federal presence in the market to ensure continued mortgage market liquidity.

Both Wallison and Minn agreed that while the bipartisan Senate bill may pass the upper chamber, it is extremely unlikely that either bill will make it to the President’s desk this year.

The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.

“Copyright NATIONAL ASSOCIATION OF REALTORS®. Reprinted with permission.”

The Liquidity Factor

by The Housing Hour

Air Date 6/8/13: Chief Economist, CoreLogic Case-Shiller

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Special Guest: Dr. David Stiff, Chief Economist, CoreLogic Case-Shiller

Home Prices Rise by 12.1 Percent Year Over Year in April

Chief Economist, CoreLogic Case-Shiller, Dr. David Stiff – CoreLogic, joins us in studio to talk about the state of the economy and its effects on housing and prices. Dr. Stiff is the chief economist for CoreLogic’s nationally known Case-Shiller Home Price Index.

Home Prices Rise by 12.1 Percent Year Over Year in April!

CoreLogic, a leading residential property information, analytics and services provider, today released its April CoreLogic HPI™ report. Home prices nationwide, including distressed sales, increased 12.1 percent on a year-over-year basis in April 2013 compared to April 2012. This change represents the biggest year-over-year increase since February 2006 and the 14th consecutive monthly increase in home prices nationally. On a month-over-month basis, including distressed sales, home prices increased by 3.2 percent in April 2013 compared to March 2013.

Highlights as of April 2013:  Full Report click: News Release

  • Including distressed sales, the five states with the highest home price appreciation were:  Nevada (+24.6 percent), California (+19.4 percent), Arizona (+17.3 percent), Hawaii (+17 percent) and Oregon (+15.5 percent).
  • Including distressed sales, this month only two states posted home price depreciation:  Mississippi (-1.7) and Alabama (-1.6 percent).
  • Excluding distressed sales, the five states with the highest home price appreciation were: Nevada (+22.6 percent), California (+18.3 percent), Idaho (+16.4 percent), Arizona (+15.3 percent) and Washington (+13.9 percent).
  • Excluding distressed sales, no states posted home price depreciation in April.
  • Including distressed transactions, the peak-to-current change in the national HPI (from April 2006 to April 2013) was -22.4 percent. Excluding distressed transactions, the peak-to-current change in the HPI for the same period was -16.3 percent.
  • The five states with the largest peak-to-current declines, including distressed transactions, were Nevada (-47.3 percent), Florida (-40.5 percent), Michigan (-36.1 percent), Arizona (-36 percent) and Rhode Island (-34.7 percent).
  • Of the top 100 Core Based Statistical Areas (CBSAs) measured by population, 94 were showing year-over-year increases in April, the same as in March 2013.

Full-month April 2013 national data can be found at http://www.corelogic.com/HPIApril2013

Economic reports strengthening economy!

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Things are humming in regards to news from the economic front. Consider this good news:

  • Jobless claims decreased
  • Jobs are increasing
  • New home sales posted gains
  • Existing home sales rise
  • Pending home sales rise
  • February and April reported some of the fastest home sales months since 2008
  • Home values continue increasing
  • Home sales rose 29% higher than last year
  • Building permits rise in April
  • Durable goods rose in April(a very good housing indicator)
  • 1st Q economy grew at 2.5%
  • Consumer spending faster rise in 2 years
  • Consumer confidence at a 5 year high

    The US Economy continues to get stronger. Mortgage rates are up but they are still at historic lows.

    Here’s the bottom line, expanding economy + rising home prices + rising mortgage interest rates = time to buy.

    Timings everything, now’s the time.

    Mortgage Investors Group understands there are a lot of choices when it comes to financing the purchase of a new home or refinancing an existing one. Our licensed and experienced loan officers are here to help you gain a better understanding of those options and answer your questions about the loan process, qualifying and the different features of each loan program. We offer everything from conventional mortgages to government loans.

    Call us today and take advantage of these incredible market conditions!

Special Interview: Magic Mulch

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Special Guest: Chris McComas

Chris@magicmulch.net

865-603-4494

Magic Mulch

What is Magic Mulch?

Magic Mulch is a 100% recycled product made from used tires. The tires are removed of all metal and wire, and then de-oiled to prevent dry rotting. It is finely shredded to mimic the look of wood mulch.

 

How long does it last?

Magic Mulch rubber does not break down, disintegrate, erode or biodegrade. The natural black uncoated mulch, which mimics the look of midnight black wood mulch, is likely to last forever (guaranteed for 10 years). The brown and red mulch is coated with a polyurethane organic dye and is guaranteed to hold its color for 10 years. The dye will not wash or rub off.

 

How is it installed?

We sell our mulch in 40lb, 60lb and 2,000lb Bags. We recommend laying a fabric weed blocker down before installing the mulch. This will not only help prevent weeds from growing, but will also protect the mulch from sinking into loose soil over the 10+ duration. If you chose to use a fabric, however, make sure you secure it very well with fabric pins to ensure it does not ride up and show. We also recommend some sort of edging or border to prevent wash away due to flooding.

 

Is it hard to maintain?

Magic Mulch is a very low maintenance product. Once you lay it down, it will not change for 10+ years. If you get leaves in the mulch you must use a leaf blower on the lowest setting to remove them. Keep the leaf blower approximately 2 feet away from the mulch and never use a higher blower setting.

Air Date 5/25/13: America’s 10 City Challenge

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Download our new Mobile App!

Are You Ready For America’s 10 City Challenge?

Special Guest: Shauna Bryan, CEO

America’s 10 City Challenge

We are initially challenging the nation’s 10 fattest states to lose a total of 1 million pounds. Think this sounds impossible? Not so! With the help of America’s Ten City Challenge trained coaches and partnerships with state and local government officials, professional athletes and celebrities, and nation-wide and local sponsors, this aspiration will become a reality. This is only the beginning. Our goal is to extend this challenge nationally to every state in the country.

Who We Are

America’s 10 City Challenge is a dynamically evolving, highly creative, health and wellness company that develops innovative programs that are tailor made for individuals and corporations.

Through nutrition and smart choices we are dedicated to eradicating obesity and creating a healthy mindset and lifestyle that will build and maintain a reality of wellness in every client we encounter.

How It Works

First, you will need to register.

After registration, your account will be created and you will receive an e-mail with information on how to login and download the required forms need for the challenge.

Beyond the Challenge

America’s 10 City Challenge will continue, through this website, to encourage, educate and support participants in maintenance with their new healthy lifestyle.

What Sets Us Apart

We understand that nutrition is the foundation for optimal health. For this reason, the initial month of America’s 10 City Challenge focuses mostly on healthy eating. We are confident that every participant will see improvements in their overall health. Weight loss will simply be a bonus! Through our proprietary program and the guidance of trained health coaches, participants will truly experience the positive impact that healthy eating has on their lives.

After the initial 30 day program is complete, we will encourage participants to continue their journey of health through continued guidance with health coaches and America’s 10 City Challenge wellness programs. Our goal, through education and mentorship is to provide our participants with a set of tools that will allow them to become their own health advocate as they strive for total well-being and optimal health.

Download our New Mobile APP!!

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History of Sears Kit Homes

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William Levitt was not the first person or business to use a prefabricated method of home construction. He certainly took the science to the next level when he was building almost 30 homes per day in the late ’40′s in Levittown.  But, the prefabricated business of home construction was 50 years old by that time. In the late 1800′s, Sears and Roebuck was the leading retailer in the home mail order business. Almost every rural community in America relied on their highly anticipated thick catalog full of every gadget known to man. The catalog contained every necessary item for the house and barn, and when  no longer needed, it supplied the outhouse. Sears was known for reliability, quality and, convenience.

Around the turn of the century, Sears was entering the catalog Home building business. They would design, cut, package and ship, by rail, more than 70,000 homes between 1908 and 1940. Sears created hundreds of different floor plans and exteriors. They were also able to take any individual customer’s design and pre-package the order with all the required items. This style of construction was extremely efficient and affordable. Traditional forms of home building required creating, fashioning, forging or milling the necessary materials to complete the home at considerable expense and time.

The construction techniques designed by Sears were clearly ahead of its time. The builder was occasionally the home buyer with help from willing neighbors but most of the time carpenters were hired. Unskilled labor was not an issue due to the simplistic construction design.  One of  the newer building techniques, for example, consisted of the interior walls being constructed from nailed framing of 2×4 pine studs extending from the floor sill plate to the rafters, instead of the heavy timbers that had typically been used which required hand hued mortised tongue and groove connections. This new style of construction was called ‘balloon’ studded framing; it made possible for fewer, less skilled workers to erect a single wall section. This design was used into the 50′s and modified techniques continue today. There are other examples of cost saving and simplistic design methods, like inexpensive sheets of dry wall nailed  over the balloon framing of the interior walls instead of the labor intensive plaster over lattice and wire mesh that was normal for the day. Asphalt shingles for the roof were relatively new to construction but much more efficient than the typically, labor intensive, split shingle (shake) system or a Tin roof covering, both requiring extensive labor and skill.

Modern conveniences were continuously being incorporated into plans and the catalog was full of add on options. Kitchens had the latest appliances and homes were outfitted with central heat and in some cases, central air.

Detailed in her book entitled, The Houses That Sears Built,  Rosemary Thornton writes: “Between 1908 – 1940, more than 75,000 Sears’s homes were built. Sears kit homes contained 30,000 pieces, including 750 pounds of nails, 27 gallons of paint, and a 75-page instruction book. Sears estimated that the average carpenter would charge $450 to assemble those 30,000 pieces of the house. The painter’s fee – $34.50. Other estimated skilled labor would cost $1.00 an hour. Prices for these build-it-yourself houses ranged from $147.00 to $6,000.00. After selecting a house design from the Sears Modern Homes catalog, customers were asked to send in $1.00. By return mail, they received a bill of materials list and blueprints. When the buyer placed the actual order for the home building materials, the $1.00 sent in earlier was credited toward the purchase.”

Sears catalog orders were robust until the Great Depression gripped the nation, stripping over 30 billion dollars of her wealth in the first week. The continued effects were devastating as businesses, and home owners lost everything they had. Home foreclosure rates soared to approximate 1,000 per day. Sears catalog orders certainly were affected by the Depression as their business started to slow. Although, The Great Depression never stopped the Sears Home catalog business, changing housing codes would bring an end to it. Sears could no longer adapt to the changing local building codes in municipalities and states. By the 1940′s,  Sears had dropped their catalog home mail order business.

Special Guest:  Rosemary Thornton Author and Authority on Sears Catalog Homes

Do you live in a Sears Home? Learn how to identify a Sears home! We want to hear from You! Mark.Griffith@migonline.c

*Click to buy book!

 Sears Catalog Homes:

For more than 10 years, Rose Thornton has traveled throughout the country, seeking and finding Sears Homes. In that time, she’s written countless newspaper and magazine articles, in addition to several books.

Rose is the author of The Houses That Sears Built (2002,) Finding the Houses That Sears Built (2004) and she’s the co-author of California’s Kit Homes (2004) and Montgomery Wards Mail-Order Homes (2010). Rose’s newest book – The Sears Homes of Illinois – was published in December 2010.

Rosemary Thornton

Order your copy today!

Tennessee Home Values Rise!

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Nashville Housing Market is taking off!

Nashville Housing Market is taking off with home values soaring by over 7% in the last 12 months. Nashville home values bottomed out in October of 2011 when they dropped to $133,000 price average, but since 2011 the values have risen an amazing 7% or $143,000 price average.  The historic home values peaked in August of 2007 when they reached $154,000 which means today average values are only off  a little over 7% from those historic highs! Also, the average list prices of homes on the market are up over 11% in the last 12 months, pushed up by a bidding war and strong buying activity.

Nashville, TNNashville recently  has been in the news for making the Forbes list for the number 2 best place to get a job, but there is other great news for the surrounding markets too:

Homes Values are up the last 12 months for Oak Hill over 8.5%, Brentwood over 7%,  Belle Meade over 6%, Lakewood over 6%.

Knoxville Home Prices are up!

Knoxville Home Prices were up close to 4% in the last 13 months when compared to the bottom that was reached in February of 2012. According to Zillow.com, Knoxville home values hit a low of 103,000 in February 2012 due to the pop of the great bubble, but in just over a year, the market has climbed back to almost 4%  or $107,000 by the end of March. Appreciation rate of anything over 3 % per year is considered excellent. Knoxville home prices hit a historic high in November of 2009 when it reached $114,000, but by the end of March 2013, the values are only off 6%  from that historic high.

Monthly rental prices peeked in July of 2011 at $830 but since that peak, they have  dropped over 15%,  indicating a move from temporary housing to a more permanent home buying opportunity.

Farragut area has seen a little more volatility in its values since hitting its lows 2011, but in the last 12 months their values  have soared to a  little over 7%. Not surprisingly, the average list price of homes have increased almost 10% in the last month, and sales prices overall  are up over 5% since January.

These are great signs, but it gets even better for Tennessee.

Mortgage Investors Group

Areas around Tennessee with MIG offices:

Selected areas around Tennessee with MIG offices:

Cookeville home values are up over 7% in the last year.

Johnson City home values have risen over 7% in the last year.

Nashville home values have risen over 7% in the last year. (Forbes picks Nashville #2 best place to get a job.)

Sevierville home values are up over 6% in the last 12 months.

Pickwick home values are up over 5.5% in last years.

Memphis home values have risen over 1% in the last year.

Crossville home values are up over 5% in last month.

Kingsport home values are up over 3% in last month.

Greeneville home values are over 2% since the beginning of this year.

Chattanooga home values are up over 1%  since December 2012.

Maryville is also just now starting to see home values increase, in the last month their values are up .7%

Data from Zillow

Read our blog:

Timings everything, now’s the time!

timing

Knoxville Home Prices are up!

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Knoxville Home Prices were up close to 4% in the last 13 months when compared to the bottom that was reached in February of 2012. According to Zillow.com, Knoxville home values hit a low of 103,000 in February 2012 due to the pop of the great bubble, but in just over a year, the market has climbed back to almost 4%  or $107,000 by the end of March. Appreciation rate of anything over 3 % per year is considered excellent. Knoxville home prices hit a historic high in November of 2009 when it reached $114,000, but by the end of March 2013, the values are only off 6%  from that historic high.

Monthly rental prices peeked in July of 2011 at $830 but since that peak, they have  dropped over 15%,  indicating a move from temporary housing to a more permanent home buying opportunity.

Farragut area has seen a little more volatility in its values since hitting its lows 2011, but in the last 12 months their values  have soared to a  little over 7%. Not surprisingly, the average list price of homes have increased almost 10% in the last month, and sales prices overall  are up over 5% since January.

These are great signs, but it gets even better.

Mortgage Investors GroupSelected areas around Tennessee with MIG offices:

Cookeville home values are up over 7% in the last year.

Johnson City home values have risen over 7% in the last year.

Nashville home values have risen over 7% in the last year. (Forbes picks Nashville #2 best place to get a job.)

Sevierville home values are up over 6% in the last 12 months.

Pickwick home values are up over 5.5% in last years.

Memphis home values have risen over 1% in the last year.

Crossville home values are up over 5% in last month.

Kingsport home values are up over 3% in last month.

Greeneville home values are over 2% since the beginning of this year.

Chattanooga home values are up over 1%  since December 2012.

Maryville is also just now starting to see home values increase, in the last month their values are up .7%

Data from Zillow

Read our blog:

Timings everything, now’s the time!

timing