22 Jun 2011

Traveling Away From Nashville? Try Singapore Sky Park

Singapore, opened Sky Park June 24 in Singapore, opened a new wonder of the world. " Sky Park " Marina Bay Sands is located on the 200-meter height on the three skyscrapers, as if on three pillars. Here is the most expensive in the world of casinos, bars, restaurants, the largest outdoor swimming pool, 150 meters long and even the Museum of Modern Art . 

9 Jun 2011

Market Report 6-9-2011, Scott Cone, PrimeLending

Another day, another marketing report to let us know what is happening in the economic world out there.  Things are still looking good for rates.  We are seeing our best levels for the year.  The trend is continuing off the jobless claims report and the decline in mortgage applications.  We all know that around here business is booming.  It is time to take advantage of some negative economic info.  Please feel free to call me if I can help in any way.  Here is a success story form last month.  I picked up a purchase loan on Thursday, May 19th.  The lender that was working on the loan was unable to close it by the contract date.  They had been working on the loan since April 5th.  We closed the loan on May 31st, but had our package out May 27th.  That is a quick turnaround time.  Don’t forget about the 3rd

Thursday Expert Agent Academy this coming Thursday.  I have had 7 people already RSVP.  Please let me know if you want to learn more from Tim Davis about Success in Real Estate and eat a free delicious lunch.  Don’t forget to send your featured listing so that we can showcase it.  Have a great day!!!!

Market Report 6-9-2011
Initial jobless claims for the week ending June 4 remained above 400k at 427k, slightly higher than the previous week’s 426k (revised higher from 422k).  The four week moving average is still improving, inching down to 424k from 426k.  The current moving average is an improvement from May and April, but still disappointing given the average of 393k in March.  April’s trade deficit of $43.7 was sharply below the $48.9 bln consensus.  The trade deficit unexpectedly narrowed as auto and oil imports dropped and exports rose.  This is opening the door for an improved Q2 GDP figure if oil prices do not erode too much consumer spending in the quarter.  April wholesale inventories rose .8%, slightly short of expectations of a rise of 1.0%.  Sales rose .3% which was well below the +1.4% expectation.  The downside surprise for inventories was offset by an upward revision to March.  Given the strong rise in March sales neither series gives a serious warning of economic conditions.  Mortgage rates are at new year-to-date lows in response to the sharp decline in yields following weaker than expected economic news and ongoing worries regarding EU debt.  While prepayment risk is increasing, analysts state that mortgage rate levels need to move closer to 4% in order for the Refi Index and prepayment speeds to increase to the peak levels experienced in late summer and into the fall.  For the week ending June 9th, Freddie Mac reported 30yr fixed mortgage rates declined to 4.49%.  Market still remains stable near the best levels this year which is helping us maintain the bullish trend.  The weakness today, although limited, has brought us back around the midpoint from yesterday at 123-195(2.96%).  We need to hold at these levels for any chance to retest the highs in the coming sessions and push toward 2.88%.  Stocks are up around 80 points on the big board, in turn, mtg backs are currently down 4 ticks in the lower coupons.  We wouldn’t expect to see better levels unless equities start to trade off.  Again, pricing is still around its highest levels, so taking advantage of that is never a bad thing. 

Have a wonderful day and good luck!!!!

Thank you,

8 Jun 2011

Market Report, Scott Cone, PrimeLending

Here is the market report today.  The data on the real estate market has been released.  This helps to keep the treasuries down thus helping to keep rates down.  Rates are fantastic right now.  It is a wonderful to buy or refinance.

Market Report 6-8-2011
Today the MBA reported that mortgage applications fell by a slight -0.4% last week.  Purchase applications fell by -4.4% week/week and refinance applications gained a modest 1.3% week/week.  This is the second straight drop in mortgage applications despite a continued drop in mortgage rates, which have fallen by 60bps since their recent high of 5.14% in February of this year.  Accordingly to the MBA, the 30-year fixed rate fell to 4.54% last week from 4.58% the prior week and 4.69% the week before that.  The Fed’s Beige Book survey will be released today indicating economic conditions across the country.  The markets should be sensitive to any information that indicates weakening consumer spending or a lapse in hiring activity.  The markets will also be hoping for a little more background on the extent to which Japanese supply chain disruptions and bad U.S. weather was behind the recent weakness in the economic statistics.  Finally, the Treasury has completed its second auction of the week with $21 bln in 10-year T-notes coming in at a high yield of 2.967%.  Indirect bidders were a strong 50.6%, with a bid to cover of 3.23 compared to an average 3.09.  Overall a very well met auction.  The market remains stable near the best levels this year.  Daily and Weekly charts are bullish and a break above 123-26(below 2.95%) would even further boost the overall trend.

Have a great day, and don’t forget about the 3rd

Thursday Expert Agent Academy on June 17th.  Please call me to reserve your seat.

Have a great week!!!

Thank you,

6 Jun 2011

6 Tips for Dads Raising Daughters

Click here to download:
6 Tips for Dads Raising Daughters.pdf (1.47 MB)

6 Jun 2011

Market Report 6-6-2011, Scott Cone, PrimeLending

Here is the market report to start out another great week.  There is not much economic data being released this week.  It should a quite week, but you never know in this market.  Rates have held steady with no increases from the close of last week.  This should mean another great week to capitalize on the low rates.  Please feel free to call me anytime, 615-566-5822, and don’t forget about our 3rd

Thursday Agent Academy on June 17th.  Please RSVP.  They have been filling up quickly.  Enjoy a beautiful Monday!!!!

Market Report 6-6-2011
This week’s economic calendar is fairly light and there were no releases scheduled for today.  Tomorrow will bring the JOLTS(Job Openings and Labor Turnover Survey) report and consumer credit numbers, Fed’s Beige Book report on Wednesday, Jobless claims, the trade balance, and wholesale inventories will be released on Thursday, and finally import prices and the monthly budget statement from the federal government are scheduled for Friday.  Following last week’s disappointing labor reports, the markets are a little skittish on fears of yet another soft patch on the horizon.  Growth has been very weak to begin with, and the spike in commodity and gasoline prices was sufficient to make growth even weaker than the already-expected, below-trend growth.  All eyes will be on the JOLTs report, the Beige Book, and the initial jobless claims for signs of more weakness.  Tomorrow also starts another round of supply.  We will see $32bln in 3yr notes on Tuesday, $21bln of10yr notes on Wednesday, and finally $13bln of 30yr notes on Thursday.  I have added Gail’s comments below for more economic data.

Neither bulls nor bears have made a strong showing today.  Daily bull trends have shifted slightly back to the neutral side, though Trend intensity should maintain.  We will still keep our mark of closing under 3% as a sign of short-term lower rates, and a stop of around 3.06% for a downshift in trend.  Look for the market to maintain its neutral stance into tomorrow’s first round of auctions.  10yr is currently trading down 7 at 3.02%, along with mtg backs off a tick or so in the lower coupons.

Again, everyone have a great day!!!!!

Thank you,

1 Jun 2011

Scott Cone Prime Lending | Market Report for 6-1-2011

Here is the quick and skinny of the matter.  The 10 year treasury yield is low, and rates have followed.  They are the best rates that we have seen this year.  It is an excellent time to refinance or buy a new home.  Please feel free to call me anytime with any questions, and for a nice success story, I closed Conforming 30 YR fixed with mortgage insurance in 8 days at the end of May.  We just keep pulling off miracles at PrimeLending.  One of the larger bank had been working on it since 4/05 and told them that they would not be able to close till the middle of June.  We are good and quick.  Have a great day!!!

Market Report 6-1-2011
Just a quick note as the market is fast and furious.  No need for me to repeat the sour economic data (see below) as it just keeps on commin’.  Stocks feel the pain, off 182 points on the Dow.  Bonds, notes, and mortgage backs all have willing buyers as preserving capital is the name of the game.  With the market back to its lowest levels (best mortgage pricing) since December 2010, the gains will soon meet with solid resistance.  The chart below is the 10 year note futures weekly, a time frame that gives us an longer view of its trending action.  As you can see, we are looking at a one year time frame.  Notice how the bullish trend has pushed within 3/4th 
of a point of the top (low yield best mortgage  pricing) set in November 2010.  This will, in itself be very good resistance.  Now we want to look for oscillator levels to back up our bias.  Note how the Relative Strength Index (RSI) is creeping higher at 75.  Not at nose bleed levels but close.  Next we’ll focus on stochastics (SStoch) which are approaching extremes at 92 over 80.  Yet again the level is near a top but has yet to cross.  Last but not least is our measure of directional movement (ADX).  It is extremely low, giving us a signal of a trend change in the making.  None of this is today’s business but should develop over the next 2 months.  With all time frames (60 minute, daily, and weekly) nearing extremes, the best part of the rally is in our opinion behind us.  That is if what we are seeing in the work Gail has presented below is the worst we will see in this so called “soft patch”.  Taking it a step further, prolonged economic deterioration which would include GDP going negative would send us to a new level.  We’d put that mark at 2.75% on the 10 year yield.  Hard to handicap and that is why picking tops or bottoms when you are trading anything  is a difficult and sometimes a frustrating/suicidal mission.  Take advantage of the markets cheap money.  It may not last long.

Have a great day!!!!!

Thank you,

1 Jun 2011

Nashville's Top Doctors | Via NashvilleLifestyles.com

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via nashvillelifestyles.com

Nashville's Top Doctors

117 of the best physicians in 38 specialties as chosen by their peers
When we think about doctors, all too often our minds drift to the assorted night-time dramas that feature interpersonal relationships, not the fact that at some point in everyone’s lifetime, they really need one—or more. We hate to actually dwell on the notion of getting sick or injured, so few of us take the time to do the research and find the best out there, you know, “just in case.”

Likewise, every few years, Nashville Lifestyles does the legwork for you. We do that by contracting Castle Connolly Ltd., an independent company devoted to producing lists of the country’s top medical professionals—peer-chosen compilations of individuals that shine, even in the exceptional medical community we’re lucky enough to have here in Nashville. You can read more about them and their methodologies at the end of this article, but the 117 doctors we present represent the cream of a remarkable crop.

We like to hope that our readers are never going to be faced with needing a good doctor, fast. But if you are, or one of your loved ones is, then we hope this guide will help you make a good choice.

30 May 2011

Memorial Day 2011 In Remembrance Of Those Who Served | MoveInNashville Blog

via blog.moveinnashville.com

28 May 2011

High School Profile Page - Newsweek

Brentwood High School is a public high school located in Brentwood, Tennessee, U.S.A. The school serves the north central section of Williamson County. It serves grades 9-12 and is known state-wide for its achievements in academics, the arts, and athletics. The mission of Brentwood High School is to prepare all students to reach their highest level of achievement in academics, athletics, and the arts. The school was built in 1982 with additions coming in 1987, 1994, 1998, 2000, 2001, 2002, and 2003. On September 1, 2008, $3.8 million was approved with the intent of renovating Brentwood High. What started out as a small public school grew into a large school with a current enrollment of 1,000+ students. The school is accredited by the Southern Association of Colleges and Schools. There are 1,492 students with 378 in the present senior class. The pupil/teacher ratio is 21.7/1. The mascot is the Bruin and the school colors are blue and gold.
via newsweek.com

Brentwood High School is also Ranked the #1 Public High School in the State of Tennessee according to recent ACT Scores.

Brentwood High School students' ACT scores are above the national averages. Class of 2010 amassed more than $1.2 million in cumulative college scholarships.

Brentwood High School posted the highest average of any Williamson County high school with 25.3. Both Page High School and Middle College High School improved upon last year's scores. Page High went from a 21.1 in 2009 to 22.1 in 2010 and Middle College High improved from 18.3 in 2009 to 18.8 in 2010.

Williamson County students will be challenged this year to improve their scores on the ACT exam. The Williamson County Board of Education set forth a goal last year for all Williamson County high schools to average no less than a 24 on the ACT test by the year 2012.

School ACT Composite 2009 ACT Composite 2010
Brentwood High 25.4 25.3

See Homes For Sale in Brentwood Now.

http://bit.ly/BrentwoodHomes

18 May 2011

Market Report, Scott Cone, PrimeLending

Here is the market report for May 18, 2011.  I apologize for not posting for awhile.  There was not much news to report, but things could be on the swing.  Upward movement on rates could be close.  It is a great time to get locked in with our float down option on rates.  We are looking forward to the 3rd Thursday Expert Agent Academy tomorrow.  It should be fun.  It will be at our office this month.  We are having a cookout with games, networking, and listing spotlight.  Hope you can make it.  Let me know if you have any questions or needs.  Have a great day!!!

Market Report 5-18-11
No news this morning yet bond and mortgage back trading pits have been active.  Stocks rebounding and 10 year notes at their best levels since last December, coupled with overbought conditions has led to a round of consolidation.  Currently, the 10 year note is off 12/32’s to yield 3.16%.  For a brief moment early this morning (European trading), we touched 3.09%.  Mortgage backs have hung in there well but are also off in sympathy with treasuries, down 8/32’s on the current coupon.  Overall, the market needs a breather, time to relieve the overbought condition and allow technical oscillators to catch up ( get back to neutral on the buy/sell side).  This is healthy for the market and doesn’t necessarily signal a change in direction.  The chart below tells you however that we have violated the uptrend (rally) that has been in place for over 2 months.  We will want to pay attention to the futures close (2:00 cst) and the cash close (4:00 cst) to see just where we are on this chart.  Any close below current levels will tell you that pricing and yields will need to worsen/go higher to attract investor interest.  Nothing huge but just the same you will need to be patient if expecting yesterday’ price.  Meanwhile, tell your refi people that the market is fueling the bus.  It’s not ready to leave the station (to higher rates) quite yet but just the same, why wait.

Thank you,

13 May 2011

30-Year Fixed Mortgage at Lowest Rate Since December 2010

Subject: 30-Year Fixed Mortgage at Lowest Rate Since December 2010
Source: Zillow Blog - Real Estate Market Stats, Celebrity Real Estate, and Zillow News
Author: Lauren Riefflin

for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.46 percent, down from 4.53 percent at this same time last week. This is the lowest average rate reported on Zillow Mortgage Marketplace in 22 weeks.

The 30-year fixed mortgage rate peaked at 4.55 percent last Thursday, and then fluctuated between 4.42 percent and 4.48 percent for the remainder of the week. The lowest reported 30-year fixed rate prior to this week was 4.5 percent on December 7, 2010.

Additionally, the 15-year fixed mortgage rate this morning was 3.69 percent and for 5/1 ARMs, the rate was 2.92 percent.

What are the rates right now? Check Zillow Mortgage Marketplace for up-to-the-minute mortgage rates for your state.

 

Read more…

7 May 2011

The Estates of BonBrook Brentwood, TN | MoveInNashville Blog

Bonbrook is a very attractive, upscale residential subdivision with 170 homes. Matter of fact my friends, this is one of my personal favorite neighborhoods in all of Middle Tennessee. The Estates are conveniently located in the Eastern Sector of Brentwood, TN approximately one block north of Concord Road.

Located on convenient Concord Rd. in the Heart of Brentwood, BonBrook is certainly a very prestigious address.  There are 180 homes located in this neighborhood, priced between $400,000 and $975,000.  Homes located in the original section, The Estates of BonBrook are in Brentwood High School area. Homes in the newer BonBrook on Concord section are in Ravenswood High School area. Both schools are the Elite in the entire state of TN. With walking Trails, parks, no crime Bentwood TN is certainly a sound decision for raising a family.

Available Homes For Sale in BonBrook

9625 Brunswick Dr

9625 Brunswick Dr

 Price: $599,987
Beds: 5
Full Baths: 5
City: Brentwood
State: Tennessee
Zip: 37027

View more information about this property MLS Logo

1090 Wilmington Way

1090 Wilmington Way

 Price: $989,000
Beds: 4
Full Baths: 3
Half Baths: 1
City: Brentwood
State: Tennessee
Zip: 37027

View more information about this property MLS Logo

1191 Retreat Ln

1191 Retreat Ln

 Price: $574,900
Beds: 4
Full Baths: 3
Half Baths: 1
City: Brentwood
State: Tennessee
Zip: 37027

View more information about this property MLS Logo

9656 Brunswick Dr

9656 Brunswick Dr

 Price: $595,000
Beds: 5
Full Baths: 4
City: Brentwood
State: Tennessee
Zip: 37027

View more information about this property MLS Logo

9606 Brunswick Dr

9606 Brunswick Dr

 Price: $739,900
Beds: 4
Full Baths: 4
Half Baths: 1
City: Brentwood
State: Tennessee
Zip: 37027

View more information about this property MLS Logo

1097 Wilmington Way

1097 Wilmington Way

 Price: $729,900
Beds: 5
Full Baths: 4
Half Baths: 1
City: Brentwood
State: Tennessee
Zip: 37027

View more information about this property MLS Logo

1097 Sunset Rd

1097 Sunset Rd

 Price: $899,900
Beds: 1
Full Baths: 4
Half Baths: 3
City: Brentwood
State: Tennessee
Zip: 37027

View more information about this property MLS Logo


View Estates of Bonbrook in a larger map

Related posts:

  1. Montclair Homes for Sale, Brentwood TN (7.066)
  2. Annandale Homes For Sale. Brentwood, TN (6.661)
  3. Governors Club Brentwood, TN Real Estate (5.661)

Categories: Brentwood TN, Williamson County Homes
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via blog.moveinnashville.com

Head on over to my other Blog at http://blog.moveinnashville.com/2011/05/07/bonbrook-brentwood-tennessee/
For Current Real Estate for sale in BonBrook

5 May 2011

Brookfield Subdivision Brentwood TN

4 May 2011

MC3 Martin Corner Conods | Nashville TN | MoveInNashville Blog

MC3 is part of a larger mixed-used development in East Nashville called Martin Corner. This portion of the development is 18 townhomes and condos on the corner of S 11th St. & Russell St. You will revel in the experience of truly architecturally interesting one and two bedroom floor plans. Lofty ceilings, light infused, open living spaces and considerable square footages balance a marvelous selection of urban contemporary finishes and distinguishing details. MC3 is a recipient of the 2010 Urban Land Institute's Excellence in Development Award. MC3 is also FHA approved, meaning you are only required to put 3.5% down and can take advantage of historically low interest rates.
Mc3

via blog.moveinnashville.com See More Photos And Available Units

 

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Matthew Caulk's Posterous

Realtor, Nashville Neighborhood Wiki, Graphic Artist & Business Owner, Father. Passionate about writing, singing and creating music. I have a real heart for dogs and hanging around people who are motivated to succeed. Feel free to contact me if you have any questions about buying or selling Real Estate.

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