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 our housing market, local experts offer the following insights.

According to mortgage planner Dan Kraus with Churchill Mortgage, the just-released November Jobs Report conveyed job creation figures that exceeded market expectations, while September and October numbers were both revised higher and hourly wages increased. The Unemployment Rate held steady at 5 percent, a seven-year low. The Labor Force Participation Rate, which tracks working-age Americans who are employed or at least looking for a job, ticked up slightly to 62.5 percent from the near 38-year low of 62.4 percent.

Based on this report, odds are near 80 percent that the Fed will increase the Fed Funds Rate when it meets December 15 and 16. This rate, which has been near zero for almost a decade, is the rate at which financial institutions lend money to each other overnight. When it increases, other rates could follow suit depending on related activity in the markets and the economy.

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 Churchill Mortgage’s Mortgage Market Guide. Those seeking certainty in an uncertain market can click the following hyperlink to download their free e-book, “Lock or Float?

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 6 months based on November’s sales pace.

Current Williamson County Inventory and Pricing

Active Listings

Closed Nov.

Month’s 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%

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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