WZTV FOX 17 - Top Stories
"If this house is on the market for 30 days it will probably be a surprise," says Realtor Michael Osborne.
Osborne says since December home sales have picked up significantly.
"We're probably up 20% year over year," says Osborne. "Just for January and February. You're seeing close to 400 closings just first couple of months this year already."
It's not just Rutherford County.
"The growth in this region is just amazing and I don't see any stopping it," says the Greater Nashville Association of Realtors' Price Lechleiter.
According to GNAR, December home sales were up 20% over last December, marking the 9th consecutive month with home sales of over 2000. Last year was the first time since 2007 that year-end home sales exceeded 26,000.
"For us to be growing month to month for the last 17-18 months," says Lechleiter. "We're really excited about that."
Realtors say low interest rates, low unemployment and pent up buyer demand are factors helping the housing market rebound in Middle Tennessee.
"You're seeing pent up people who have been renting for the last 3 or 4 years that realize and understand they can own a home close to what they're paying for rent," says Osborne.
"I'm 59 years old and the interest rates now are same as when I was born," says Lechleiter.
Realtors say it's not the housing boom we saw before the recession, but the market is turning a corner.
Wednesday, March 6 2013, 08:22 PM CST
Courthouse in line for repairs, updates
May 25, 2013 15:50 GMT
MANCHESTER, Tenn. (AP) -- Officials in Coffee County are looking to update their historic courthouse instead of replacing the 141-year-old structure.
After all, they said the building is in pretty good shape. As far as repairs, it just needs some new paint and molding, as well as work to repair some water damage. But county maintenance director Robert Gilliam says the entire structure needs updating in order to make it last until the next century.
Gilliam and County Mayor David Pennington told the Chattanooga Times Free Press (http://bit.ly/19ivpQ6 ) that officials have taken care to maintain the building and it hasn't had any major renovations in decades.
Historical society spokeswoman Joanna Lewis said the group is trying to come up with fundraising ideas for the project.
Information from: Chattanooga Times Free Press, http://www.timesfreepress.com
US durable goods orders rise 3.3 percent in April
WASHINGTON (AP) -- U.S. orders for long-lasting manufactured goods rebounded in April, buoyed by more demand for military and civilian aircraft and an increase in business investment.
BC-US--Dow Record-Three Personal Stories, 1st Ld-Writethru,1173
Dow Record: Three tales of ups, downs and changes
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By SCOTT MAYEROWITZ
AP Business Writer
NEW YORK (AP) -- When the Dow first crossed 14,000, investors were overjoyed. ...
IN THE NEWS: RESTAURANT FLAP LEADS TO INTERNET MELTDOWN
SCOTTSDALE, Ariz. (AP) -- It isn't exactly to curry favor with your restaurant customers -- even if your specialty isn't curry.