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2/15/12
NEW YORK (CNNMoney) -- Buying a home is now more affordable than it has been
in the last twenty years.
Thanks to continued declines in home prices and rock bottom mortgage rates the National Association of Home Builders/Wells Fargo
Housing Opportunity Index hit a record level of affordability.
According to the index, 75.9% of all new and existing homes sold during the
three months ended Dec. 31 could have been comfortably purchased by
families earning the national median income of $64,200.
That was the highest percentage recorded in the 20-year history of the index,
and a sharp increase from just three months earlier when 72.9% of all homes sold
were considered affordable.
Celebration Homes - Building New Homes In Nashville and Surrounding Counties - Davidson, Williamson, Wilson, Rutherford, Maury, and Sumner Counties.
1/18/12
Home sales continue to improve
By Chris Isidore @CNNMoney January
20, 2012: 10:26 AM ET
NEW YORK (CNNMoney) -- Home sales ended a difficult year on a high note,
resulting in a gain in full-year sales volume.
The National Association of Realtors reported that the annual sales pace in
December reached 4.6 million homes, up 5% from November's pace and 3.6% from a
year ago.
It was the third straight month of improvement in the pace of sales. The
improved fourth-quarter sales volume lifted full-year sales to 4.26 million
homes, up 1.7% from 2010 levels.
"The pattern of home sales in recent months demonstrates a market in
recovery," said Lawrence Yun, the group's chief economist. "Record low mortgage
interest rates, job growth and bargain home prices are giving more consumers the
confidence they need to enter the market."
1/4/2012 Happy New Year!!! Welcome 2012 we have been waiting for you. Celebration Homes is excited to start the Year with Big Plans. We have 6 New communities coming on board and new sections coming up in our exisiting neighborhoods. This translates into a huge year for us and great opportunity for you new home buyers out there. We will announce our official new communities shortly so be looking for them.
Congratulations the Celebration Homes Team for a successful 2011. Everyone did a tremendous job. Keep up the Great Work.
11/11/11 Happy Veteran's Day!! This day is to truly appreciate all our soldiers from past and present. Your unselfish act of defending us is a gift we can never thank you enough for. Enjoy your day!!
Here is a good blog from Alice Walker of the GNAR.
Our culture pushes us to look for the highs in life. Become a high achiever.
Set your standards high. A popular beer even mixes its name with “the high
life.”
But what about the lows in life?
The real estate industry also has a mix of highs and lows — where the highs
are more about stability than reaching peaks. Our economy is seeing record-low
interest rates and lower home prices in much of the country. The Greater
Nashville region has much more stable prices than many areas throughout the
country.
In either case — home prices or interest rates — many are asking how low can
they go?
Historically, we have never seen interest rates like these. For the first
time ever, 30-year mortgage rates are below 4 percent. The low interest rates
mean the potential for lower monthly mortgage payments. In some instances, it
truly is cheaper to buy than to rent. Based on national figures, the average
home buyer purchasing a typical American home could have a payment as low as
$698 a month.
It’s hard to imagine interest rates getting any lower. Although rates have
continued to drop in recent months, the Federal Reserve is promising not to
raise them anytime soon. As for prices, at least in the Middle Tennessee region,
Realtors don’t expect a significant decline. Still, at this point, the
likelihood of interest rates rising and affecting your mortgage payment is
higher than the likelihood of home prices dropping.
For qualified buyers, this environment couldn’t be more perfect. And buyers
should be elated at the possibilities. However, overly tight lending standards
have made the process much tougher.
To make for the easiest possible transaction, start by finding a Realtor to
guide you. Next, assess your financial position. Examine your credit report and
thoroughly check it for errors. Then review your budget and savings. After the
initial financial inspection, your Realtor will be able to help ascertain how
much house you can afford.
If you’re a qualified potential buyer, it’s high time to really examine
what’s on the market. Your Realtor will work to keep your transaction as
stress-free as possible while also producing the highest results for your real
estate needs.
Alice Walker, President of the Greater Nashville Association
of Realtors
10/14/11 It is time to get out this weekend to look at Celebration Homes for that special deal. We have some great homes all over Nashville that are on Special. The Market Homes have been reduced to up to $10,000 and with these interest rates it is a Perfect time!!!
9/30/11 Congrats to all Celebration Sales Team. We ended September with a great Month of Sales. These are great times to building a NEW HOME!!
9/13/11 2 Words - Berry Farms!! Checkout this link to see what is coming www.berryfarmstn.com
9/5/11 Big News this week for Celebration Homes. We have opened our New Designer Model at Wynthrope Hall located in Northern Murfreesboro. The Hampton is an awesome new plan with 5 Bedrooms, 2 Bonus Rooms, 10' ceilings, and a 3 car garage. It is a beautifully decorated model and a Must See. We have also finalized the details of 2 addtional communities. Winterset Woods is a Great Community located in Wiiliamson County in Nolensville. We are very excited for this opportunity with great home plans and very competitive pricing. Elm Brook is also ready to start a model home. This Awesome Location off Crockett Road in Brentwood will be an excellent location to buiiold your dream home. There is certainly alot to be excited about with all these new opportunities and interest rates being at there all time low. Call us at 615-771-9949 for any questions you might have.
7/5/2011 Another Article that Shows Owning a Home is Great!!
Despite Fears, Owning Home Retains Allure, Poll
Shows
Published: June 29,2011
Owning a house remains central to Americans’ sense of well-being, even as
many doubt their home is a good investment after a punishing recession.
Erik S. Lesser for The New York Times
Making an offer for a house, something often done in past
generations with little apprehension, is now riddled with worry. Only 49 percent
call it a safe investment, while 45 percent feel it is risky.
Leah Nash for The New York Times
Nearly one-quarter of homeowners say their home is now worth
less than what they owe on their mortgage, a condition known as being
underwater.
Nearly nine in 10 Americans say homeownership is an important part of the
American dream, according to the latest New York Times/CBS News poll. And they
are keen on making sure it stays that way, for themselves and everyone else.
Support for helping people in financial distress over housing is higher than
support for helping those without a job for many months.
Forty-five percent of the respondents say the government should be doing more
to improve the housing market, while 16 percent say it should be doing less. On
the politically contentious issue of direct financial assistance to those having
trouble paying their mortgages, slightly more than half of those polled, 53
percent, say the government should help. And almost no one favors discontinuing
the mortgage tax deduction, a prized middle-class benefit that has been featured
on some budget-cutting proposals.
President Obama, who has been criticized for both doing too much to help the
housing market and for not doing enough, was given poor marks. Only 36 percent
of those polled approve of what Mr. Obama has done, while 45 percent disapprove.
In assessing blame for the housing crash, people are increasingly seeing
financial institutions as the central culprit. Amid the swirl of recent
disclosures about banks following improper and illegal procedures in pursuing
foreclosures, 42 percent blame lenders, while 29 percent blame regulators. When
the question was asked in early 2008, as the crisis was still building, the
numbers were reversed, with 40 percent blaming regulators and 28 percent blaming
lenders. Only a handful of respondents at either moment blamed the borrowers
themselves for taking loans they could not afford.
“I believe the financial institutions willingly and knowingly allowed people
to apply and receive credit at a rate higher than they could afford and this has
degraded our economy,” said Steven Goode, an environmental health manager in Las
Vegas, in a follow-up interview.
Making an offer for a house, something often done in past generations with
little apprehension, is now riddled with worry. Only 49 percent call it a safe
investment, while 45 percent feel it is risky. In a market where prices are
consistently dropping, there is no easy exit.
“For the average person, it might not be a good idea today to buy,” said
another respondent, Beth Lovcy of Troutdale, Ore., who bought a year ago. The
value has already shrunk, but Mrs. Lovcy is unfazed. “It works out better
financially than renting now because we can claim the interest on the mortgage.”
As the housing market slumped over the last few years with a speed and
magnitude not seen since the
Great Depression, aspects of homeownership have been debated as never
before. There are tough questions about the role the government should take.
These include how much of a down payment lenders should demand, whether lenders
should be restrictive or expansive in granting new loans, how much assistance to
give those on the verge of foreclosure, and whether real estate will ever again
be the retirement savings vehicle it once was.
While the debate has been loud, there was little evidence of people’s views
that went beyond the anecdotal. This poll offers a window onto widespread
opinions at a critical juncture.
Before the crash, housing was widely deemed one of the safest possible
investments. Few experts thought there was the possibility of a nationwide
downturn. But after it happened, the effects were widespread and painful.
Diane Sherrell, a substitute teacher in North Carolina who retired on
disability, traded up to a bigger house four years ago to accommodate an adopted
son. “It’s been very difficult since then and we’re barely making it,” she said.
Half of those surveyed say the market’s continuing downward spiral has
affected their long-term plans. One in five people say the crisis has prevented
them from moving to another city or taking a different job. Nearly one-quarter
of homeowners say their home is now worth less than what they owe on their
mortgage, a condition known as being underwater. Families in this predicament
are much more prone to foreclosure if they suffer job losses or other setbacks.
Over all, people are bleaker about the economic outlook than those surveyed
in October. While most still think the current downturn is temporary, those
saying it is permanent rose to 39 percent, up from 28 percent.
In the last two years, the stock market has recovered strongly while house
prices have gone sideways at best. Yet those polled dismissed stocks as a
long-term savings vehicle in favor of a savings or money market account (22
percent), a house (26 percent) or a 401(k)
or individual
retirement account (41 percent).
Who should be helped to buy is another contentious issue. Whether buyers need
to come up with a 20 percent down payment — the standard for decades, but beyond
the reach of many families now — is hotly debated. Fifty-eight percent of
respondents say lenders should require this, while 36 percent say they should
not.
People who cannot pay their mortgage are foreclosed upon. If they can pay but
feel that doing so is pointless on a property that has lost so much of its
value, it is called strategic default. While two-thirds of Americans say
strategic default is not justified, 28 percent think that it is.
When houses are abandoned for any reason, it causes trouble for the
neighbors. Three-quarters of those surveyed say foreclosures are a problem in
their communities.
“Our home is worth much less now because houses are foreclosing around us,”
said William Mack, an assembly line worker in Taylor, Mich.
Beyond all these ills, however, a persistent belief endures that the market
will eventually improve and housing will regain its traditional importance.
Donna Boyd, a transportation supervisor in Cuyahoga Falls, Ohio, acknowledged
“it might take a long time” for property values to go back up.
“But I don’t think I’m throwing my money away,” she said in a follow-up
interview. “I rented for years when I was younger, and I just don’t like the
idea of putting money in someone else’s pocket for something I will never own.”
The nationwide telephone poll was conducted June 24-28 with 979 adults and
has a margin of sampling error of plus or minus three percentage points for all
adults.
Marina Stefan and Marjorie Connelly contributed reporting
4/23/11 Hey Everyone....checkout this great news from CNNMoney.com
Real estate: It's time to buy again
Posted by Shawn Tully,
senior editor-at-large
March 28, 2011 5:00 am
Forget
stocks. Don't bet on gold. After four years of plunging home prices, the most
attractive asset class in America is housing.
From his
wide-rimmed cowboy hat to his roper boots, Mike Castleman fits moviedom's image
of the lanky Texas rancher. On a recent March evening, Castleman is feeding
cattle biscuits to his two pet longhorn steers, Big Buddy and Little Buddy, on
his 460-acre Bar Ten Creek Ranch in Dripping Springs, a hamlet outside Austin
in the Texas Hill Country. The spread is a medley of meandering streams, craggy
cliffs, and centuries-old oaks. But even in this pastoral setting, his mind
keeps returning to a subject he knows as well as any expert around: the housing
market. "I'm a dirt-road economist who sees what's happening on the
ground, and in 35 years I've never seen a shortage of new construction like the
one I'm seeing today," declares Castleman, 70, now offering a biscuit to
his miniature donkey Thumper. "The talking heads who are down on real
estate will hate to hear this, but America needs to build a lot more houses.
And in most markets the price of new homes is fixin' to rise, not fall."
Castleman
is in a unique position to know. As the founder and CEO of a company called
Metrostudy, he's spent more than three decades tracking real-time data on the
country's inventory of new homes. Each quarter he dispatches 500 inspectors to
literally drive through 45,000 subdivisions from Baltimore to Sacramento. The
inspectors examine 5 million finished lots, one at a time, and record whether
they contain a house that's under construction, one that's finished and for
sale, or a home that's sold. Metrostudy covers 19 states, or around 65% of the
U.S. housing market, including all the ones hardest hit by the crash: Florida,
California, Arizona, and Nevada. The company's client list includes virtually
every major homebuilder and bank -- from Pulte (PHM)
and KB Home (KBH)
to Bank of America (BAC)
and Wells Fargo (WFC).
The key
figures that Metrostudy collects, and that those clients prize, are the number
of homes that are vacant and for sale in each city, and the number of months it
takes to sell all of them. Together those figures measure inventory -- the key
metric in determining whether a market has a surplus or a shortage of new
housing.
Today
Castleman is witnessing an extraordinary reversal of the new-home glut that
helped sink prices just a few years ago. In the 41 cities Metrostudy covers, a
total of 78,000 houses are now either vacant and for sale, or under
construction. That's less than one-fourth of the 343,000 units in those two
categories at the peak of the frenzy in mid-2006, and well below the level of a
decade ago. "If we had anything like normal levels of buying, those houses
would sell in 2½ months," says Castleman. "We'd see an incredible
shortage. And that's where we're heading."
If all
the noise you're hearing about housing has you totally confused, join the
crowd. One day you'll read that owning a home has never been more affordable.
The next day you'll see news that housing starts have plunged to nearly their
lowest level in half a century, as headlines
announced in March. After four years of falling prices and
surging foreclosures, it's hard to know what to think. Even Robert Shiller and
Karl Case can't agree. The two economists, who together created the widely
followed S&P/Case-Shiller Home Price indices, are right now offering
sharply contrasting views of housing's future. Shiller recently
warned that the chances were high for a further double-digit
drop in U.S. home prices. But in an interview with Fortune, Case took a far brighter view:
"The lack of new home building is a huge help that a lot of people are
ignoring," says Case. "People think I'm crazy to be optimistic, but
housing is looking like the little engine that could."
To see
where real estate is truly headed, it's critical to keep your eye firmly on the
fundamentals that, over time, always determine the course of prices and
construction. During the last decade's historic run-up in prices, Fortune repeatedly warned
that things were moving too fast. In a cover story titled "Is the Housing
Boom Over?," this writer's analysis found that the basic
forces that govern the market -- the cost of owning vs. renting and the level
of new construction -- were in bubble territory. Eventually reality set in, and
prices plummeted. Our current view focuses on those same fundamentals -- only
now they're pointing in the opposite direction.
So let's
state it simply and forcibly: Housing is back.
Two
basic factors are laying the foundation for dramatic recovery in residential
real estate. The first is the historic drop in new construction that so amazes
Castleman. The second is a steep decline in prices, on the order of 30%
nationwide since 2006, and as much as 55% in the hardest-hit markets. The story
of this downturn has been an astonishing flight from the traditional American
approach of buying new houses to an embrace of renting. But the new
affordability will gradually lure Americans back to buying homes. And the
return of the homeowner will start raising prices in many markets this year.
Of
course, home prices are low and home construction is weak for a reason:
incredibly low demand. For our scenario to play out, America will need a decent
economy, with job creation and consumer confidence continuing to claw their way
back to normal.
One big
fear is that today's tight credit standards will chill the market. But we're
really returning to the standards that prevailed before the craze, and those
requirements didn't stop prices and homebuilding from rising in a good economy.
"The credit standards are now at about historical levels, excluding the
bubble period," says Mark Zandi, chief economist for Moody's Analytics.
"We saw prices rising with fundamentals in those periods, and it will
happen again."
To see
why, let's examine the remarkable shift in home affordability. A new study by
Deutsche Bank measures affordability in two ways: first, the share of income
Americans are paying to own a home. And second, the cost of owning vs. renting.
On the first metric, the analysis finds that homeowners now pay just 9.8% of
their income in after-tax mortgage, tax, and insurance payments. That's down
from 17.2% at the bubble's peak in 2007, and by far the lowest number in the
Deutsche Bank database, going back to 1999. The second measure, the cost of
owning compared with renting, should also inspire potential buyers. In 28 out
of 54 major markets, it's now cheaper to pay a mortgage and other major costs
than to rent the same house. What's most compelling is that in all of the distressed
markets, owning now wins by a wide margin -- a stunning reversal from four
years ago. It now costs 34% less than renting in Atlanta. In Miami the average
rent is now $1,031 a month, vs. the $856 it costs to carry a ranch house or
stucco cottage as an owner. (For more, see The top 10
cities for home buyers)
Not all
markets will bounce back equally, of course. Housing resembles the weather: The
exact conditions are different in every city. But in general the big U.S.
markets fall into two different climate zones right now. We'll call them the
"nondistressed markets" and the "foreclosure markets." A
more detailed look shows why the forecast for both is favorable.
Nondistressed
markets: Ready for launch
No
cities went untouched by the collapse in prices over the past few years. But
markets such as Northern Virginia, Indianapolis, Minneapolis, San Diego, the
San Francisco suburbs, and virtually all of Texas held up reasonably well. In
those areas prices spiked far less than in bubble cities -- the foreclosure
markets we'll get to shortly -- chiefly because they didn't get nearly as many
speculators who thought they could flip the homes or rent them to snowbirds.
The
nondistressed markets will be able to get prices rising and construction
growing far faster than the harder-hit areas for a simple reason: Although some
of these markets are still suffering from foreclosures, they don't need to work
through the big overhang haunting a Las Vegas or a Phoenix. The number of new
homes for sale or in the pipeline is extraordinarily low in nondistressed
markets. San Diego is typical. It has just 921 freestanding homes for sale or
under construction, compared with 4,425 in late 2005. The challenge for these
cities is to generate enough demand to reduce inventories of existing, or
resale, homes. In the entire country the resale supply stands at 3.5 million
houses and condos. That's a fairly high number, since it would take more than
eight months to sell those properties; seven months or below is the threshold
for a strong market.
But in
the nondistressed cities, the existing home inventory is lower, closer to seven
months on average. So a modest increase in demand will translate into strong
gains in both prices and new construction. That should happen quickly, because
most of those markets -- including Silicon Valley, Northern Virginia, and Texas
-- are now showing good job growth.
Zandi of
Moody's Analytics expects that prices will rise three to four points faster
than inflation for the next few years in virtually all of the nondistressed
markets. His view is that prices will increase in line with rents, which are now
growing briskly because apartments are in short supply. Those
higher rents will encourage buyers to cross the street from an apartment to a
home of their own.
In
Northern Virginia, Chris Bratz, an engineer, and his wife, Amy DiElsi, a
publicist, are planning to leave their rental apartment and become homeowners
for the first time. The main reason? Buying has simply become a far better deal
than renting. "The market got completely inflated, then it crashed, so
prices are coming back to where they should be," says Chris. As the couple
have watched prices fall, they have also watched the rent on their apartment
spiral upward, reaching $2,700 a month. They calculate that they should be able
to purchase a townhouse for between $400,000 and $500,000 and pay less per
month for a mortgage.
The
nondistressed markets will also lead the way in construction. Zandi predicts
that for the nation as a whole, single-family housing "starts" --
measured when a builder pours a foundation for a new home -- will rise from
470,000 in 2010 to as much as 700,000 this year. A large portion of that
activity will happen in nondistressed markets where a tightening supply of
resale houses will start making new homes look like a good deal. "Our main
competition is from resales," says Jeff Mezger, CEO of KB Home. "The
prices of those homes have stayed so low, because of low demand, that it's
hampered the ability of builders to sell new houses."
But many
would-be buyers simply prefer a brand-new house. Eventually they'll move from
renters to buyers, and the trend will accelerate now that prices are no longer
dropping. In Minneapolis, Yuan Qu and her husband, Xiang Chen, a researcher at
the University of Minnesota, just moved from a two-bedroom rental to a new
light-blue four-bedroom ranch with a chocolate-colored roof on a spacious
corner lot. They paid $400,000, a bargain price compared with a few years ago.
The couple, both in their early thirties, moved to Minnesota from China six
years ago. "We wanted to buy a house, and we've been waiting and waiting
and waiting," says Qu. "The prices went down for so long, we finally
thought they couldn't keep falling." For Qu the only choice was new
construction. "We're not very handy people," she admits.
Foreclosure
markets: The outlook is brightening
The true
disaster areas for housing since the bubble burst have been Sunbelt cities such
as Las Vegas, Phoenix, and Miami
-- places that boasted great job and population growth in the mid-2000s, only
to suffer a housing crash that swamped them with empty homes and condos and
crushed their economies. But people always want to live in those sunny locales,
and their job markets are starting to recover, albeit slowly. In foreclosure
markets the inventory problem is far greater because it includes not just
traditional resale homes but millions of distressed properties. Fortunately
those houses are now such a screaming deal that investors, including lots of
mom-and-pop buyers, are purchasing them at a rapid pace. To be sure, some
foreclosure markets won't rebound for years because they're both vastly
overbuilt and far from big job centers; a prime example is California's Inland
Empire, a real estate disaster zone 80 miles east of Los Angeles.
But the
outlook is brightening for Phoenix, Las Vegas, Miami, and parts of Northern
California. A big positive is the tiny supply of new homes entering the market.
Phoenix, for example, has a total of just 8,100 new homes that are either for
sale or under construction, down from 53,000 in mid-2006. The big test in these
cities is absorbing the steady stream of distressed properties. The
foreclosures put downward pressure on the market far out of proportion to their
numbers because of markdown pricing. "We had levels of inventory even
higher than this in 1990 and 1991," says MIT economist William Wheaton.
"But they were traditional listings, not foreclosures, so they didn't
create the big discounts you get with foreclosures."
Wheaton
reckons that we'll see a flow of around 1 million foreclosures a year, at a
fairly even pace, from now through 2013. That figure is frequently cited as
evidence that the market is doomed for years in most foreclosure markets. Not
so. The reason is that the vast bulk of those units, probably over 600,000,
according to Gleb Nechayev, an economist with real estate firm CB Richard Ellis
(CBG),
are being converted to rentals either by investors or their current owners.
Those properties are finding plenty of renters, since the rental market is
still extremely strong across the country. Remember, the millions who lost
their homes to foreclosure still need somewhere to live.
A
typical investor is Alex Barbalat, a Russian immigrant who's purchased seven
homes east of San Francisco in the towns of Bay Point, Antioch, and Pittsburg.
His average purchase price is around $100,000 for homes that once sold for
between $300,000 and $500,000. But he has no trouble finding renters, since his
tenants can commute to jobs in San Francisco on the BART transit system.
Barbalat is pocketing rental yields on the prices he paid of around 12%, and
he's in no hurry to sell. "I'm holding them until prices drastically
rise," he says.
Investment
funds are also entering the game. Dotan Y. Melech looks for bargains in Las
Vegas for UnitedAMS, a firm he co-founded that manages apartments and other
real estate investments. The firm has raised more than $20 million from outside
investors to purchase distressed properties. So far, Melech has bought around
300 houses and plans to purchase another 200 this year. He has no trouble
renting the houses he buys, since, he estimates, occupancy rates in Las Vegas
are touching 95%. The "cap rate," or return on investment after all
expenses, is between 8% and 10% -- twice the rate on 10-year Treasuries. Melech
rents to people who lost their homes but are reliable renters. "A lot of
people can't be buyers because their credit got hurt," he says.
Even
with investors jumping in, buying activity in foreclosure markets hasn't yet
increased enough to bring inventories down. It will soon. Zandi thinks prices
will fall a couple of percentage points lower in the distressed markets in the
short run. "But that will be overshooting," he says. "It's like
an elastic band. If prices do drop this year, they will need to bounce back
because they'll be far too low compared with rents and replacement cost."
Renters will come off the sidelines to purchase homes in the years ahead,
precisely the opposite trend of the past few years.
Consider
the example of Michael Dynda, a retired Air Force avionics technician who now
works for a government contractor in Las Vegas. Dynda, 49, is a first-time
buyer who put off purchasing for years, in part because prices were falling so
rapidly in Las Vegas, with no bottom in sight. But last year the combination of
bargain prices and low mortgage rates became too good to resist. He ended up
purchasing a 2,300-square-foot stucco home for $240,000, or about half what it
would have fetched in 2007. Dynda got a 4.38% home loan, and pays the same
amount on his mortgage as on the rent on the house he left to become a
homeowner. "The timing was about as good as it could get," says
Dynda.
1/1/11 HAPPY NEW YEAR!!! Hello everyone..... I hope you all had a safe Holiday.
Celebration Homes is excited to go into the New Year with some mometum after some sales through the Holiday Season. Congrats go out to our Sales Reps for their dedication and hard work. We have a few Market Homes that are priced to sell, so please contact us if you would like to see them.
We would like to Congratulate our Preffered Lender,Melissa Boudreaux, on her successful move to People's Home Equity. Good luck to you and Jonathon in 2011 and beyond.
The Housing Market continues to tick up a little here in the Middle tennessee Market along with Interest Rates. Although at a Generation Low, rates are nudgeing up little by little. As the Market corrects and interest rates rise....Now is the time to look at a Celebration Home. Your Buying Power is still at a high due to prices, selection, and rates. If you continue to be on the Buying Fence, you could possibly buy less house for the same payment or buy the same house for a higher payment. If you have any Questions please call your sales Rep from your Favorite Community or Call Jeff Hopper at 615.995.1740.
Happy 2011 from Celebration Homes
10/19/10 The Cloisters in Murefreesboro Tennessee is now open. We have recently finished our New Designer model at The Cloisters in Murfreesboro. It is a new plan called the Coolsprings. It has a Spa Style Owner's Suite.
8/24/10 Hey to the Celebration Home World!! It is exciting these days to be in this business. This economy has definately kept us on our toes trying to find ways to get you all......the new home buyer the best value and quality for your hard earned money. We have scoured the South looking in other Markets finding ways to add more value to our New Homes. We have negotiated with our Vendors on a new TECH PACK. This rolls many popular options into one Package. It includes Flat Panel wiring for your TV, 5.1 Surround Sound for your Bonus Room, Freezer Plug, Future Conduit Wiring, Flood Lights, and many more items that together is HALF PRICE!! We are currently putting together a Green Pack that will add some items and processes to your New Home that will help your Home and the Environment. We are also working on a Trim Pack that will add some great Pizazz to the Interior of your New Home without having to spend a great deal too.
Look for our Market Homes that are under construction. These are priced to sell and we have them located in most of our communties. Come out to your favorite community to tour our Decorated Models and see what we have to offer for your New Home.
6/5/10 Whew! It has been a long time since our last post and we certainly apologize....but we have been so busy selling and closing homes that our time has gotten away from us. We have been slammed since the first of the year which is huge for us and we can thank all those new homeowners that entrusted us to build their New Homes. The Tax Credit homes under construction have kept us busy all over town and as we wind down to the deadline it is crunch time. All of our Tax Refund homes are ahead of schedule and are excited to get these Homeowners in their New Celebration Homes.
The latest Celebration Homes News is we have new plans that are now being offered in all of our Celebration Home communities and they are Awesome!! Our popular one level McGavock floorplan is now open in our Woodmont Community located in Smyrna, Tn. as our Decorated Model. Providence has a Springcreek II under construction as its newest decorated model and has the Fabulous Island Kitchen to see.
Abbington Shores has been on fire recently and you need to come out and see the new section of large homesites on the water
Check back soon to see what else is New at Celebration Homes.
1/24/10 Add Another!! We sold another home that will close before the end of June. We have time for a few more to sneek in before the deadline..... but it is approaching fast. Call us for a New Home in Middle Tennesssee at 615-771-9949 with questions or email us at
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1/23/10 SOLD!! Congrats to Rob Mclendon for selling our 5 bedroom home in Riverwalk. Ed Rainey had a triple and sold 3 this weekend. WOW!! Celebration Homes is on a roll....we have 12 starts to get out the ground that have sold this year. We still have a few more days for those of you that want to build a Celebration Home and close by the end of June. Better Hurry!!
1/16/10 Great News!! We have had so much activity in the last week or so with our clients looking to get off the fence and build a home to take advantage of the $8000 Tax Credit that we have extended our Deadline until Sunday, Feb. 21st. This is exciting because there might be a few more of you all that need a few more days to make a decision. If anyone has any questions or would like to meet with your Salesperson before this weekend, please call them to set up an appointment. There is little time left and the slots are filling up.
If time goes by and your ability to build a Celebration Home passes our deadline and you still would like to look at purchase Celebration Home we have a great Selection of Homes that are under construction and available. These Market Homes located all over town and we have at least one in every community.
Good Luck with the New Home search and thanks for considering Celebration Homes as your New Home Builder in Nashville. Jeff Hopper
12/7/09 New Plans are out of the Ground!! We have a Woodridge in Riverwalk. It has 5 bedrooms and 2 Bonus Rooms the Owner's Suite is on the main level and is Amazing with split Vanities Only $289,900.
We have the New McGavock in Abbington Shores. It is a One Level Living at its finest. Open Kitchen, Huge Owner's Suite, and a Bonus Room with 2 living areas, as well as, a 3rd bath and walk-in Storage. It is a fantastic plan. Its available for only $206,900 or you can come out and see it and build it in another community.
The Cumberland is another New Plan that we have sold a couple of recently. The 1st one is currently being built in Abbington Shores and is available to walk through. It is a very affordable home with a main level Owner's Suite and a Bonus Room. This home has three different kitchen options and the ability to increase the Bonus Room size too. This home can also be built in most of our Neighborhoods.
Call us or come by any of our communities to see what is New at Celebration Homes.
10/5/09 Celebration Homes has had a healthy couple of months in all of our communities.. Thanks to all our new home owners...we appreciate your business.
We are currently building a new Model in our Providence Community in Mt. Juliet, TN. Look for it to be completed in November. It is our new plan called the Springcreek I. It has 4 bedrooms, office, and bonus room with the owner's suite on the main level. It has been very popular all over town....its a must see!!
We have started Market Homes in Silver Stream, Abbington Shores, Burkitt Place, Riverwalk, and Port Royal Estates. Any questions please call 615-771-9949.
Abbington Shores is our Newest Community in the Opryland area. There are Homes starting in the high 160's with large homesites....with some on the Stevens Lagoon. We have floor plans to meet all needs with some excellent choices for personalizing the exteriors and interiors. Call Jeff Hopper at 615-995-1740 for questions or a personal appt.
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