1. September Edition
Happy
LABOR DAY
We hope you enjoy these updates from the Real Estate market. Our
goal is to educate you in order make the best decisions possible
NAR
Predsident, Ron
Phipps and
Board
WHAT WERE FIGHTING FOR...
As the nation battles mounting debts and the shaky economic recovery, NAR draws a line in the sand to preserve
generations-old housing policies.
A married couple in Nashville recently got a taste of companies in the secondary mortgage market, ” she
what the future might hold if some policymakers have their says. “But once you explain it, they realize, ‘Oh, I
way. understand. We might not have a 30-year, fixed-rate
Alice Walker was helping the couple sell their house mortgage anymore.’
and buy another one—and she started talking with them “Same thing with the qualified residential
about proposals in Washington, D.C., to reduce the value of mortgage proposal: They’ll hear regulators talking
the mortgage interest deduction to help close the federal about the need for skin in the game, so they think
government’s budget gap. “They were shocked,” says QRM is great. But when they hear a minimum 20
Walker, ABR, a sales associate with The Wilson Group and percent down payment would be required, they say,
president of the Greater Nashville Association of ‘That’s ridiculous.’ None of them have 20 percent to
REALTORS®. “They told me they had to have the MID; put down.”
otherwise, they couldn’t buy. It was integral to their Efforts to limit or eliminate the mortgage interest
financial plans.” deduction, do away with the government-sponsored For the rest
Walker says she provokes similar reactions whenever secondary mortgage market, or require 20 percent down for of the
she opens clients’ eyes to the ways lawmakers and an affordable mortgage are just a few of the ways the story...
regulators are looking to change housing policy. “At first financial crisis and today’s federal budget debate are
when people hear the government-sponsored enterprises upending the generations-old consensus in Washington CLICK HERE
Fannie Mae and Freddie Mac have to be replaced, they about the central place of home ownership in the United
don’t understand the ramifications of not having these States. As 2011 NATIONAL ASSOCIATION OFREALTORS®
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2. July 2011 Summary
JULY 2011 Price
SOLD
7/11/11 7/10/11 % Chg Price
ACTIVE
7/11/11 7/10/11 % Chg
0-30k 4 0 N/A 0-30k 46 41 12.2
30k-40k 4 1 300.0 30k-40k 30 26 15.4
40k-50k 3 4 -25.0 40k-50k 47 44 6.8
50k-60k 2 4 -50.0 50k-60k 44 39 12.8
60k-70k 7 4 75.0 60k-70k 54 48 12.5
70k-80k 7 3 133.3 70k-80k 62 43 44.2
80k-90k 7 4 75.0 80k-90k 66 57 15.8
90k-100k 3 3 0.0 90k-100k 43 40 7.5
100k-120k 10 8 25.0 100k-120k 84 76 10.5
120k-140k 9 8 12.5 120k-140k 94 88 6.8
140k-160k 2 2 0.0 140k-160k 57 57 0.0
160k-180k 8 0 N/A 160k-180k 65 54 20.4
180k-200k 3 1 200.0 180k-200k 45 35 28.6
200k-250k 2 3 -33.3 200k-250k 49 48 2.1
250k-300k 2 2 0.0 250k-300k 41 39 5.1
300k-400k 2 1 100.0 300k-400k 40 42 -4.8
400k-500k 1 0 N/A 400k-500k 11 8 37.5
500k+ 0 0 0.0 500k+ 17 11 54.5
Totals 76 48 58.3 Totals 895 796 12.4
Statistic 7/11/11 7/10/11 % Chg 2011 YTD 2010 YTD % Chg
Absorption Rate 15.45 12.05 28.22 14.04 11.98 17.20
Average List $ 143921.59 143746.9 0.12 143822.9 142909.9 0.64
Median List $ 114900.00 119825 -4.11 115900 119900 -3.34
Average Sale $ 116743.42 113622.9 2.75 114236.8 115246.2 -0.88
Median Sale $ 107075.00 1E+05 7.07 98750 107000 -7.71
Average DOM 138 125 10.40 128 110 16.36
Median DOM 110 74 48.65 101 78 29.49
404
Muscadine
Lane
$199,900
[2]

3. CALEB AND JODI We hope you enjoyed this
newsletter. Brought to you by
MOORE Caleb and Jodi Moore of
A note from us...How can we serve you?
We strive to give you the best service, most updated We love the River Valley and it’s wonderful community of
information, loyal hard work with our biggest smile! people. For those of you who do not know, we also
We want to thank our clients and customers! We serve as Youth Pastors of Fellowship Bible
Contact:
greatly appreciate your business and have truly Church and Caleb is a member of Gideon’s
cell:857-3409
enjoyed getting to know and be apart of your International. We love our Lord and Savior
lives. If there is ever anything you need, let us cell:970-8303 with all our might, heart and soul. God Bless
know how we can help. The past 3 years in the office: --- Caleb and Jodi Moore
Real Estate business have extremely rewarding 968-3300
Follow us on Facebook:
by developing new relationships with so many Livin It Up in Russellville, AR
wonderful people. It’s a unique experience when you or www.cmoorerealestate.com
get to help great people make their dream home a reality.
SEPTEMBER UPCOMING EVENTS OPEN HOUSES OCT-NOV REAL OUT OF OFFICE POPE COUNTY
ESTATE MAGAZINE FAIR
September 18th Late September September September
1:30pm-4:00pm TBA 8-13th we will 13-17th
• 404 be out of Free
Muscadine office. admission
Lane Feel free to Tuesday only.
• 730 Mill contact Moore
Creek Drive and Co.
• 533 Realtors for
Meimerstorf any questions
Lane
[3]