Monday, December 31, 2007
Dyersburg Real Estate Market Final Day 2007
First of all, let me thank all my previous customers and clients for letting me assist you with your real estate sale or purchase. For the most part 2007 has been a good year. If today is any indication, 2008 will be fantastic.
One of my agents called me early to ask me to cover his floor time as he needed to go show property. After I came in, the phones started ringing and I had 2 walk-ins at the same time(I have never had 2 separate walk-ins on same day much less at same time). This whole week has been a busy real estate week. I have gotten several new buyer clients and I am showing properties to a new client tomorrow.
I know the national media is preaching doom and gloom but I cannot tell it by the Dyersburg housing market.I have been really busy in the last weeks of 2007 and predict this will continue indefinitely into 2008.
What is the difference in the Dyersburg market and say the Florida market? First off we have not had outrageous price appreciation on homes(we averaged 3-5% over last 2-3 years) whereas Florida and other areas had double digit home price appreciation.
Secondly, Dyersburg is in a growth mode with new industries moving into the area. We currently have lots of jobs available. Call me and I will share the companies looking for workers. Lastly, Dyersburg is just a great place to live and raise a family. Lots of activities, sports and recreation. Also, lots of great churches and civic organizations.
My staff and I are working on the sales numbers for 2007 so hope to have that post in the next few days.
I would like to wish you and your family a Happy and Prosperous New Year and I look forward to writing about the Dyersburg area real estate market in 2008.
One of my agents called me early to ask me to cover his floor time as he needed to go show property. After I came in, the phones started ringing and I had 2 walk-ins at the same time(I have never had 2 separate walk-ins on same day much less at same time). This whole week has been a busy real estate week. I have gotten several new buyer clients and I am showing properties to a new client tomorrow.
I know the national media is preaching doom and gloom but I cannot tell it by the Dyersburg housing market.I have been really busy in the last weeks of 2007 and predict this will continue indefinitely into 2008.
What is the difference in the Dyersburg market and say the Florida market? First off we have not had outrageous price appreciation on homes(we averaged 3-5% over last 2-3 years) whereas Florida and other areas had double digit home price appreciation.
Secondly, Dyersburg is in a growth mode with new industries moving into the area. We currently have lots of jobs available. Call me and I will share the companies looking for workers. Lastly, Dyersburg is just a great place to live and raise a family. Lots of activities, sports and recreation. Also, lots of great churches and civic organizations.
My staff and I are working on the sales numbers for 2007 so hope to have that post in the next few days.
I would like to wish you and your family a Happy and Prosperous New Year and I look forward to writing about the Dyersburg area real estate market in 2008.
Labels: Dyersburg Tennessee shines
Friday, December 21, 2007
Holidays
I just wanted to tell all my readers that I hope you and your family have a Merry Christmas and a Happy New Year. We will get back to posting about the real estate market here in the Dyersburg Tennessee area early in 2008. See you then!
Labels: Dyersburg Tennessee celebrates Christmas 2007
Monday, December 17, 2007
business back to normal in west Tennessee
Today the phones rang and rang, the agents came in and out with clients looking at houses and I had a HUD contract accepted. Now this is business like it was a few short weeks ago. Everyone of my agents are working with multiple clients and most have contracts ready to close.
One client called and said she was moving here from Wisconsin because the state of Wisconsin had drastically raised property taxes. Others called to check on their offers or to set up appointments.
I am scheduled to be in Nashville tomorrow and Wednesday but some of my clients just called and said they would be here tomorrow and Wednesday. I contacted one of my team members to assist them while I am gone.
If you are planning a move to our area, the staff here at Carousel Realty is prepared to assist you. And please remember we work with all the major relocation companies and have the training and experience you expect from a premiere real estate firm.
One client called and said she was moving here from Wisconsin because the state of Wisconsin had drastically raised property taxes. Others called to check on their offers or to set up appointments.
I am scheduled to be in Nashville tomorrow and Wednesday but some of my clients just called and said they would be here tomorrow and Wednesday. I contacted one of my team members to assist them while I am gone.
If you are planning a move to our area, the staff here at Carousel Realty is prepared to assist you. And please remember we work with all the major relocation companies and have the training and experience you expect from a premiere real estate firm.
Labels: Dyersburg Tn real estate market
Tuesday, December 11, 2007
Fed cut and Dyersburg real estate
Well the Federal Reserve just cut the federal funds rate by 1/4 point to 4.75%. The fed funds rate directly affects credit cards, home equity lines of credit and auto loans. This rate also controls the interest rate charged on new home construction loans.
However, this rate does not directly affect home loan rates. Those rates are tied to the 30 year bond. Indirectly however, home loans are affected buy the feds decision to cut rates. When we have a slow market or slowing market economy, the 30 year bond yield usually begins to trend lower affecting home loans.
According to Freddie Mac, interest rates on 30-year fixed loans sank to 5.96 percent from 6.10 percent last week, landing at the lowest point seen since September
2005. Borrowing costs on 15-year fixed products fell to 5.65 percent
from 5.73 percent.
This should have a positive affect on the Dyersburg real estate market. As the interest rates drop, more people enter the market to purchase homes and many qualify to purchase a more expensive home.
However, this rate does not directly affect home loan rates. Those rates are tied to the 30 year bond. Indirectly however, home loans are affected buy the feds decision to cut rates. When we have a slow market or slowing market economy, the 30 year bond yield usually begins to trend lower affecting home loans.
According to Freddie Mac, interest rates on 30-year fixed loans sank to 5.96 percent from 6.10 percent last week, landing at the lowest point seen since September
2005. Borrowing costs on 15-year fixed products fell to 5.65 percent
from 5.73 percent.
This should have a positive affect on the Dyersburg real estate market. As the interest rates drop, more people enter the market to purchase homes and many qualify to purchase a more expensive home.
Labels: Dyersburg Tennessee real estate affected by interest rate reduction
Dyersburg restaurants update
Back on July 27th, 2007 I wrote an article about the new restaurants coming to Dyersburg. One restaurant that I did not mention(because unannounced) is the
Sweet Peppers Deli.
This morning I did an interview with the president and COO, Mike Beacham and also with the general manager, Karen Yarbro. Karen is a longtime resident of Dyersburg.
Both of these people are excited about the newest location-Dyersburg. The company headquarters is in Mississippi but they have other deli locations in Columbus,Ms.,Corinth,Ms.,Cullman,Alabama,Hattisburg,Ms.,Muscle Shoals,Al.,Starkville,Ms and Tupelo, Ms.
This new restaurant/deli is located in the Dyersburg Mall, 2700 Lakeroad in Dyersburg,Tennessee. Currently, the deli is under construction with a projected opening date just before Christmas.
Mike told me he plans to hire around 60 people to staff this restaurant. Not only will they have sit down dining but they also plan to offer catering for outside functions. Their phone number is 731-285-7676 and to view their website click
here, Sweet Peppers
Looking at the menu, Panini bread sandwiches appear to be a hot item along with their "wraps". I cannot wait to try their "Chocolate Eruption" desert.
Why would I discuss a new restaurant opening in Dyersburg,Tn.? New restaurants are always a prelude to growth. Dyersburg is really starting to grow and you will continue to see new restaurants and businesses locating in Dyersburg.
Sweet Peppers Deli.
This morning I did an interview with the president and COO, Mike Beacham and also with the general manager, Karen Yarbro. Karen is a longtime resident of Dyersburg.
Both of these people are excited about the newest location-Dyersburg. The company headquarters is in Mississippi but they have other deli locations in Columbus,Ms.,Corinth,Ms.,Cullman,Alabama,Hattisburg,Ms.,Muscle Shoals,Al.,Starkville,Ms and Tupelo, Ms.
This new restaurant/deli is located in the Dyersburg Mall, 2700 Lakeroad in Dyersburg,Tennessee. Currently, the deli is under construction with a projected opening date just before Christmas.
Mike told me he plans to hire around 60 people to staff this restaurant. Not only will they have sit down dining but they also plan to offer catering for outside functions. Their phone number is 731-285-7676 and to view their website click
here, Sweet Peppers
Looking at the menu, Panini bread sandwiches appear to be a hot item along with their "wraps". I cannot wait to try their "Chocolate Eruption" desert.
Why would I discuss a new restaurant opening in Dyersburg,Tn.? New restaurants are always a prelude to growth. Dyersburg is really starting to grow and you will continue to see new restaurants and businesses locating in Dyersburg.
Labels: Dyersburg still growing
Friday, December 07, 2007
Potential Cates River Port New Industry
I just ran across some breaking news published by John Brannon, staff reporter for the Union City Messenger.
The new Cates Landing river port just north of Tiptonville,Tennessee(about 30 miles north of Dyersburg,Tennessee) has a chance at landing a new 250 million dollar steel mill.The writer states that up to 500 jobs are possible at a pay between $18-$20 an hour. I have put a link to this article at the top of the right colume and titled it "Possible Lake County Steel Mill".
What would this do for Dyersburg? We did some additional checking and Lake County is one of 4 sites being considered for this steel mill.
The new Cates Landing river port just north of Tiptonville,Tennessee(about 30 miles north of Dyersburg,Tennessee) has a chance at landing a new 250 million dollar steel mill.The writer states that up to 500 jobs are possible at a pay between $18-$20 an hour. I have put a link to this article at the top of the right colume and titled it "Possible Lake County Steel Mill".
What would this do for Dyersburg? We did some additional checking and Lake County is one of 4 sites being considered for this steel mill.
Labels: Cates Landing starting to draw suitors
Saturday, December 01, 2007
December should be a good month for real estate in Dyersburg
I just got in from showing properties on this beautiful Saturday. Today I have been working with a new production supervisor in a local factory. We looked at three properties with barns. He is relocating his wife,two children and two horses to this area.His price range is somewhere between $135,000 and $175,000. He really liked two of the three properties but wants to look at a few more. If you are a local resident of the Dyersburg area and this profile fits your property you have been thinking about selling, give me a call and lets get it listed. We have a potential buyer right here.
Also, if you live in this area and are waiting to list your home in the spring, please take note: many of the plants and factories bring in new upper and middle management people in December and January. These are the two busiest months for Carousel Realty to help relocate these new management people. If you wait till spring, you completely miss one segment of the buying market.
Also, if you live in this area and are waiting to list your home in the spring, please take note: many of the plants and factories bring in new upper and middle management people in December and January. These are the two busiest months for Carousel Realty to help relocate these new management people. If you wait till spring, you completely miss one segment of the buying market.
Labels: Relocation to Dyersburg area in December and January
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