Why does the housing market affect the economy so much? For the majority of people in the U.S., home, and the equity we have in it, represents our single largest investment and the vast  majority of our wealth. Given that, changes in the market have an enormous impact on our credit, wealth, purchasing practices, and employment. 

Good news… According to the FNC’s Residential Price Index, home prices were up .3% in November for the ninth consecutive month and are expected to continue to grow. The index is known as the most comprehensive index used to measure home values and is based on 100 cities nationwide.  Increased buyer demand as well as the limited supply has driven prices up steadily. The 4.2% increase in the past twelve months is the biggest increase since October 2006!

More good news… According to Robbin Reagans, Executive Vice-president of the Upper Cumberland Association of Realtors, our region has seen encouraging numbers for 2012 growth as well. There was a 7.5% increase in residential units sold in 2012 in Putnam and 12 surrounding counties. The average price homes sold for was up as well averaging $122,990.

Local numbers look good too…In 2012, residential sales were up 26% over 2011.  Total sales dollar volume was up 44% from $3,886,734 to $5,587,700.  Fantastic. I am excited about that.

  Between that good news and rates still hanging around the 3.5% mark, now is a terrific time to reeavaluate your real estate needs and take action.

Call MURPHY REALTY today to learn about our neighborhood real estate market.

visit us on the web at www.gomurphyrealty.com

931-839-8881

Why does the housing market affect the economy so much? For the majority of people in the U.S., home, and the equity we have in it, represents our single largest investment and the vast  majority of our wealth. Given that, changes in the market have an enormous impact on our credit, wealth, purchasing practices, and employment. 

Good news… According to the FNC’s Residential Price Index, home prices were up .3% in November for the ninth consecutive month and are expected to continue to grow. The index is known as the most comprehensive index used to measure home values and is based on 100 cities nationwide.  Increased buyer demand as well as the limited supply has driven prices up steadily. The 4.2% increase in the past twelve months is the biggest increase since October 2006!

More good news… According to Robbin Reagans, Executive Vice-president of the Upper Cumberland Association of Realtors, our region has seen encouraging numbers for 2012 growth as well. There was a 7.5% increase in residential units sold in 2012 in Putnam and 12 surrounding counties. The average price homes sold for was up as well averaging $122,990.

Local numbers look good too…In 2012, residential sales were up 26% over 2011.  Total sales dollar volume was up 44% from $3,886,734 to $5,587,700.  Fantastic. I am excited about that.

  Between that good news and rates still hanging around the 3.5% mark, now is a terrific time to reeavaluate your real estate needs and take action.

Call MURPHY REALTY today to learn about our neighborhood real estate market.

visit us on the web at www.gomurphyrealty.com

931-839-8881

Rachel Agee, of THDA, just informed me the Tennessee Housing Development Agency, a program that has helped thousands alread,y is broadening its limits to make an even greater impact.

THDA administers the federal foreclosure prevention program in Tennessee under the name Keep My Tennessee Home.  Answering simple questions at www.KeepMyTNHome.org establishes eligibility.  The program is designed for homeowners who have lost 30% or more of their income.

Over 2,400 Tennessee households have received financial assistance since the program began in January 2011. 

The new maximum for assistance is $40,000 for homeowners across Tennessee.  Households who are struggling because of extensive medical bills are invited to apply and those whose incomes have been reduced by a divorce or death of a mortgage payer. The eligibility changes are available to new applicants, not owners who have already been helped.  

If you’d like a copy of the News Release, call or email me at tate@gomurphyrealty.com 931-239-1354.  Visit us on the web www.gomurphyrealty.com and facebook.

 

 

 

 

Join us Sunday September 23rd from  12 to 2.  click here for more info &  photos
This well maintained home features a split floor plan with two bedrooms on one end and a private spacious master suite with a large bathroom, roomy walk in closet, & separate entrance at the other end. Also boasts stainless steel appliances & hardwood floors. This home sits on a cul-de-sac in a well established neighborhood & has a fenced in backyard & huge, wired outbuilding. Conveniently located just out of town in Monterey TN between Cookeville & Crossville. Central Heat and Air 2yrs old. Water heater 2 yrs old. Roof age 7 yrs. Move in ready. Come by Sunday or call us for your private viewing.
Price drastically reduced by $5,000 to $10,000 below appraisal.  $69,000

 

  Join us at the

                                HOME LOAN SEMINAR 

 this Thursday night at the Monterey First Baptist Church Life Center starting at 6:00 pm.

 LENDERS will be on site to teach you how to become a HOME OWNER.

   Meet

 Sheila Oakley with Bank of Putnam County

 Luke Collins with the Upper Cumberland Development District

 Brittiny Miles with USDA Rural Development

 Everyone is welcome to attend.  There are many income-based loan programs available.

 The Seminar is hosted by

 

                                                MURPHY  REALTY

                              Contact Tate Murphy at 931-839-8881 for more details.

         

 

 

Food, Fun, & Drinks

December 8, 2011

      Please join us Friday, December 9th at 1:30

for food, fun, & drinks. We are celebrating

the relocation of our office to Downtown Monterey with

a ribbon cutting ceremony and

 Open House.

 

Arrive a little early so we can get you in the photo

shoot.  Everyone is welcome. The more, the merrier.

 

We are now conveniently located on the corner of Commercial Avenue & Chestnut Street next to Phillips Shoe Store.

 

Tate Murphy, Broker                     Ruby Crisp, Affiliate

        239-1354                                     881-7943

 

              www.gomurphyrealty.com

MAKE THIS SATURDAY NIGHT EXTRAORDINARY…. Step back into history at the Native Traditions Concert
Monterey High School Auditorium
Curtain: 7 p.m.
Tickets: $10.00 Donation to Monterey Standing Stone Historical Society
Tickets Available:  Monterey at Ben Anna’s, & Asher’s, Bishop Drugs, Cup & Saucer, Depot Flowers & Gifts, Lay-Simpson Furniture, Monterey Hardware, Monterey Branch Library,  Uncle Hoss BBQ  and at the door Saturday afternoon beginning at 3:30 pm.
 

Narrated by Robert “Redhawk” Eldridge explaining the history, tradition, and tribal heritage of the stories told through the dances performed. Every dance tells a story; ever dancer wears regalia that represent specific dance tradition, and each dance honors Native ancestral history.
 
.
 
On July 30, 2011 at 7 p.m., as a prelude to the October 8, Standing Stone Festival, the Monterey Standing Stone Historical Society will present their second Native American music concert at Monterey High School, 710 E. Commercial Ave., Monterey TN.
 
Monterey is pleased to welcome championship dancers Emerson Begay, Navajo Men’s Traditional Dancer, Lowery Begay, Navajo Hoop Dancer, Ritchie Bottenbaugh, Eastern Band Cherokee Grass Dancer, Jonathan Crisp, Eastern Band Cherokee Men’s Fancy War Dancer,  Kele Crisp, Eastern Band Cherokee, 2010 Teen Miss Cherokee & Fancy Shawl Dancer, Nikki Crisp, Eastern Band Cherokee Traditional Buckskin & Jingle Dress Dancer. Southern Echo will again perform on the family drum and Lowery Begay will play flute.
Carol Haney
cell: 931265-5711 
931-839-8641
363 Rocky Top Road
Monterey, TN 38574

 The Monterey Commerce Association and the Monterey Civitan Club are proud to bring you the                        2011 4th of July Celebration at Whitaker Park in Monterey Tennesse                                                                                       The Celebration will have: A Spectacular Fireworks Show, Music, Food/Drinks,
Pie Eating Contest, Horse Shoe Pitching, Corn Hole Tournament, Inflatable Slide
and more……Starts at 5 and wraps up around 8 just in time to find your spot to enjoy the fireworks displayed by the  Town of Monterey.                       For more information, call MURPHY REALTY at 239-1354.

Thank you to the many sponsors without whom this event would not be possible.

 

                         In the month of January 2011

As REALTORS in the Monterey area, we are often asked, “What’s the market like?”  We all know what the media has to say about the national real estate market overall.  We all know how the major cities are doing.  What we at MURPHY REALTY are concerned with is what is going on in our market. When our neighbors ask this question, we realize they want to know what is happening in our community right now.   We have put together some information that will help you gain a better understanding of the activity in our area.   Please give us a call or post your questions here.  We’d love to hear from you.

Sales in the month of January 2011:  

   Homes:      455 Honey Springs Road                    207 E Hoyt Avenue

                         1029 Phillips Drive                               713 Walton Hills Road

                           206 Laurel Loop                                   mobile on Hanging Limb Hwy

                          812 N Holly Street                                          

Total Homes:  7             

   Land:          Lot 11 Indian Park Road          Lot 4 Wind Rush Way

                        Lot 14 Arrow Trail                       Lot 2 E Cove Road

                        Lot 4 Laurel Loop                        Lot 26 Laurel Way Lane

                        Lot 65 Bussell Place

   Total land:        7

Pending/Properties that are currently under contract:   10

Active/Properties that are currently listed for sale:         70 Homes

* Our market consists of Monterey and the surrounding communities from Wilder to Cumberland Cove and more.

This detailed report is based on data from the Upper Cumberland Association of Realtor’s mls, the Knoxville Area Association of Realtor’s mls, as well as Courthouse Retrieval.

Happening Round Here

February 4, 2011

The day has come. Rocky Pops is finally open and the parking lot is full. Owner, Larry Peters is as excited as we are.  He has been working diligently and we have been waiting months for this day. Traditional breakfast will be available all day long.  Fresh sandwiches are ready for lunch and coming soon the menu will offer Country cookin like your Momma makes.  He’ll have meatloaf, roast beef, broaster chicken, and chicken livers & gizzards for starters.  What really makes Rocky Pops special are the 30 plus different kinds of fresh donuts baked daily by Tommy Davis who has been making donuts for 30 years. That’s something we can’t find around here.  Located at 505 East Stratton Avenue in Monterey, it’s just off I-40 exit 301, so everyone can enjoy it.  Try it out and let us know which is your favorite donut…

 

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