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REAL ESTATE NEWS

 

March, 2020

Hottest Job Markets

Austin, TX and Nashville, TN were the two hottest labor markets in the U.S. in 2019. Both cities have vibrant music scenes and are experiencing an influx of technology related jobs. Apple has started construction of a $1 billion corporate campus in Austin, with a capacity for up to 15,000 employees. It already has 7,000 workers in Austin. Amazon is building a campus in downtown Nashville with the goal of hiring 5,000 people. While the in-flux of tech jobs is driving wages up in these areas, it also results in a higher cost of living, and an increased demand for housing which drives rents and home prices upward.

 

Duck Season Draws to a Close

My son Cole had a successful duck hunt recently with a few of his college buddies. Here’s a pic of some of his fellow hunters with the ducks!

RE Update

As I’m writing this newsletter, mortgage rates are at their lowest level ever…3.125% on a 30-year conventional mortgage. That’s nearly 1/2% below last month, and 1.25% below this time last year. So what’s causing this? The coronavirus…it has impacted financial markets around the world! While its impossible to predict exactly when the markets will stabilize, one thing is for sure…mortgage rates have never been this low and probably never will be again. If you are thinking about buying a home or considering a refinance, now might be a great time to pull the trigger!

 

Realtor Education: It Never Stops

Continuing education is a requirement for all Realtors. Here is a photo of my son Cole and I after attending a recent class together at the Board of Realtors. He is a full-time engineer, but earned his real estate license about a year ago and is beginning to get involved in the business.

Ken Stonebrook
STONEBROOK

1011 W. Poplar, Suite 8
Collierville TN 38017
901 413-2970 Ken cell
901 850-4044 office
901 592-0929 eFax

ken@stonebrookrealtors.com


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MORTGAGE RATE UPDATE

30-year fixed rate 3.125%
15-year fixed rate 2.625%
Down 3/8% since 1/27/20

(Rates provided by Patriot Mortgage on 3/3/20.)

Thought for the day

“The grass may be greener on the other side, but it might just be a septic tank issue…”

-author unknown

Under contract in 3 days

SOLD

100_0692
100_0692

AWESOME FLOORPLAN WITH TONS OF UPDATES & A RELAXING SCREENED PORCH, LOCATED AT THE END OF A CLASSY GERMANTOWN COVE + OVERSIZED 3 1/2 CAR GARAGE WITH HEAT & AC...YOU ARE GOING TO LOVE IT! GORGEOUS WOOD FLOORS, UPDATED KITCHEN WITH GRANITE, GAS COOKING.

9127 GROVELAWN — $559,900.

AWESOME FLOORPLAN WITH LOTS OF UPDATES IN A SUPER-CONVENIENT LOCATION...2 BRs + OFFICE DOWN, & 2 BRs + BONUS ROOM UP. HANDSCRAPED WOOD FLOORS, GRANITE IN KITCHEN & ALL BATHROOMS, STAINLESS APPLIANCES, FRESH PAINT IN & OUT, NEW COOKTOP & DISHWASHER + MORE. 

677 KENROSE — $369,900.

SOLD IN 5 DAYS

COLLIERVILLE GEM

100_0692
100_0692

Amazing totally remodeled home in the sought after High Point Terrace neighborhood. The home has been completely taken down to thestud. Walls removed and made into an open floor plan. All electrical redone. Tankless water heater. 4 bedrooms and 2 full baths. Oversized laundry room.

3753 Highland Park Place — $499,000.

Check out this almost new MAGNOLIA Home! 3 bedrms down; 1 large room up with a HUGE Playroom+work out room!Custom mud area, custom Incognito closets, stone fireplace,granite & subway tile in a very OPEN kitchen incl farm sink & gas cooktop.Pella windows!Screened in patio!Large crown molding!

245 Saunders Creek — $449,900..

Soup Sunday

Thousands of hungry folks came to FedExForum to warm their bellies at the 31st Youth Villages Soup Sunday fundraiser on February 23rd. Area restaurants and catering companies served up delicious soups, breads, desserts and more. The annual event, which has raised over $1 million for Youth Villages, was a fun-time for everyone. Karen & I even got to hang out with Pouncer!

Soup