JUST LISTED: Housing market figures and newly listed local properties


JUST LISTED: Housing market figures and newly listed local properties

Home Page staff reports

With the weekend here, properties that have just come on the market in Franklin will be a welcome sight to those anticipating a move or thinking about putting a home up for sale.

With the weekend here, properties that have just come on the market in Franklin will be a welcome sight to those anticipating a move or thinking about putting a home up for sale. And for everyone interested in the housing market, local experts offer the following insights.

According to mortgage planner Dan Kraus with Churchill Mortgage, the Federal Open Market Committee marked the end of an “extraordinary seven-year period” Wednesday when it announced the first increase to the Fed’s benchmark Federal Funds Rate in nearly a decade.

This rate, which is used when banks lend money to each other overnight, was held near zero to support economic recovery following “the worst financial crisis and recession since the Great Depression,” said Fed Chair Janet Yellen. The Fed upped the target rate range a quarter point, to between 0.25 and 0.5 percent.

According to Yellen, the move “recognizes the considerable progress that has been made toward restoring jobs, raising incomes and easing the economic hardship of millions of Americans.” The increase also reflects the Fed’s confidence that economic factors still lagging behind desired levels will continue to improve, especially inflation, manufacturing and new home construction.

For a complete wrap-up of economic news from last week, a forecast for the coming week and its effects on home loan rates, read the Mortgage Market Guide.

Here are some of the latest properties to hit the market in Franklin, courtesy of Jarratt Bell and Rochford Bell Real Estate:

For more newly listed properties in the area, visit Home Page Media’s other Just Listed pages on Brentwood Home Page, Nolensville Home Page and Spring Hill Home Page.

According to Bell, inventory levels remain below normal across Williamson County, with the exception of Brentwood, which is within the historical norm of six months based on November’s sales pace.

Current Williamson County Inventory and Pricing

Active Listings

Closed Last Month

Months of Inventory

Median Price Nov. 2015

Median Price Nov. 2014

Change from 2014

Brentwood

269

43

6.3

$616,271

$619,120

-0.46%

Franklin

679

145

4.7

$452,000

$396,500

14.00%

Nolensville

128

37

3.5

$405,000

$424,950

-4.69%

Spring Hill

171

40

4.3

$284,500

$282,063

0.86%

Bell said the county could really use more inventory, so give him a call if you’re considering selling your home and it could be featured on Just Listed.

About The Author

Kelly Gilfillan is the owner-publisher of Home Page Media Group which has been publishing hyperlocal news since 2009.

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