Mission Statement

"To have a foundation of constant growth and improvement so that we may empower our clients to achieve their real estate goals, all with the highest caliber of service and support."

Contact Us

Terry McAlister

ph: 615-642-9350

terrymcalister@comcast.net

Susanne Young

ph: 615 838-3492

youngss@realtracs.com

125 Belle Forest Circle # 103
Nashville, TN.  37221
Office: 615-673-2998

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Tuesday
Apr092013

Big Predictions for Housing

Outlook for the next 2 yrs.

Home sales are projected to post some big gains in the next two years, according to Fannie Mae’s latest monthly economic outlook. 

Fannie Mae economists predict that existing-home sales will rise by 10.5 percent this year, and by 6.2 percent in 2014. The economists made even bolder projections for new single-family home sales -- growing 15.1 percent this year and 44.1 percent in 2014.

Fannie Mae projects that mortgage rates will stay low by historical averages this year, but the 30-year fixed-rate mortgage will rise from an average of 3.5 percent during the first quarter to an average of 4 percent during the final three months of 2013. During the fourth quarter of 2014, mortgage rates are projected to tick up to a 4.5 percent average.