Kenneth Bargers Blog

In The News

Welcome to my blog! Enjoy these articles in reference to real estate, Greater Nashville area highlights, recipes and personal interests...

Mortgage Rates Leap, But Buyers Shouldn’t Worry

10/18/2019

Mortgage Rates Leap, But Buyers Shouldn’t Worry Freddie Mac | October 18, 2019 The 30-year fixed-rate mortgage jumped 12 basis points from last week, averaging 3.69%, Freddie Mac reports. That’s no reason for home shoppers to get nervous: Economists largely predict mortgage rates will dip in the weeks ahead. Also, rates are still more than a percentage point lower than a year ago. “Despite this week’s uptick in mortgage rates, the housing market remains on the upswing, with improvement in
5 Trends Affecting Housing for Seniors

10/17/2019

5 Trends Affecting Housing for Seniors Joint Center for Housing Studies of Harvard University | October 17, 2019 The number of older American households is climbing to record high levels, and the housing industry is closely monitoring their evolving housing needs. The number of homes headed by a person age 65 or older rose from 27 million to 31 million between 2012 to 2017. Over the next 20 years, the oldest age groups—age 65 and over—are expected to increase their share of all U.S. households
Mortgage Rates Are Dropping Again

10/11/2019

Mortgage Rates Are Dropping Again Freddie Mac | October 11, 2019 The 30-year fixed-mortgage fell 8 basis points this week, averaging 3.57%, Freddie Mac reports. The lower rates are drawing out more home buyers in the fall market. “Despite the economic slowdown due to weakening manufacturing and corporate investment, the consumer side of the economy remains on solid ground,” says Sam Khater, Freddie Mac’s chief economist. “The 50-year low in the unemployment rate combined with low mortgage
First-Time, Move-Up Buyers Face Rising Competition

10/09/2019

First-Time, Move-Up Buyers Face Rising Competition realtor.com | October 9, 2019 Lower mortgage rates have drawn out more buyers this fall, but the rapidly shrinking inventory of lower-cost homes—the properties highest in demand—are making it difficult for them to find a home to buy, a new report from realtor.com® shows. This has created more competition between first-time buyers and move-up buyers. Nationwide, inventory levels continue to shrink. In September, inventory levels were 2.5% lower
Greater Nashville Third Quarter 2019 Homes Sales

10/08/2019

Third Quarter 2019 Homes Sales Showed Unprecedented Growth Greater Nashville REALTORS® Press Release | October 8, 2019 NASHVILLE, Tenn. (Oct. 8, 2019) – There were 3,704 home closings in the Greater Nashville Region reported for the month of September, according to figures provided by Greater Nashville REALTORS®. This figure represents a 13.7 percent increase compared to the 3,258 closings in September 2018. Data for the third quarter of 2019 showed 12,030 closings, up nine percent from the
Mortgage Rates Hold Firm, Boost Demand

10/04/2019

Mortgage Rates Hold Firm, Boost Demand Freddie Mac | October 4, 2019 Home buyers looking for a purchase loan and homeowners who want to refinance are responding well to low mortgage rates. “While mortgage rates generally held steady this week, overall mortgage demand remained very strong, rising over 50% from a year ago thanks to increases in both refinance and purchase mortgage applications,” says Sam Khater, Freddie Mac's chief economist. "As economic growth decelerates, it is clear that low

Kenneth Bargers

REALTOR®, Tennis Player, Titans, Vols, Preds & Braves Fan, Nashvillian...

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In The News

Mortgage Rates Leap, But Buyers Shouldn’t Worry

5 Trends Affecting Housing for Seniors

Mortgage Rates Are Dropping Again

First-Time, Move-Up Buyers Face Rising Competition

Greater Nashville Third Quarter 2019 Homes Sales

Mortgage Rates Hold Firm, Boost Demand

Have a Question?