Murfreesboro, TN Real Estate News

By TENNESSEE HOME TEAM, LUXURY HOMES & SUPERIOR SERVICE
(Adaro Realty, Inc.)
A recent article in Rutherford A.M. gave the citizens of Rutherford Co. an inside look at the candidates for the Murfreesboro City School Board election that will take place on April 15, the candidates also have shared their views at two forums and other appearances on multiple educational issues. Among  the issues they've talked about include socioeconomic balance vs. neighborhood schools and public participation at board meetings vs. policies requiring personal issues to be dealt with by educators outside the public events.Now it is time to take an in depth look at each candidate:Name: Patrick McCarthy Address: 1714 Waterford Road, Murfreesboro TN 37129 Phone: 615-896-8787 Education: Graduated from Lakeland High School in Minocqua, Wis., in 1983; earned bachelor's degree from Drake Un...
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By TENNESSEE HOME TEAM, LUXURY HOMES & SUPERIOR SERVICE
(Adaro Realty, Inc.)
A recent article in Rutherford A.M. gave the citizens of Rutherford Co. an inside look at the candidates for the Murfreesboro City School Board election that will take place on April 15, the candidates also have shared their views at two forums and other appearances on multiple educational issues. Among  the issues they've talked about include socioeconomic balance vs. neighborhood schools and public participation at board meetings vs. policies requiring personal issues to be dealt with by educators outside the public events.Now it is time to take an in depth look at each candidate:Name: Andrew Jacks Address: 302 N. Church St., Apt. No. 14, Murfreesboro, TN 37130 Phone: 615-556-3544 Education: Earned home school high school diploma in Sterling, Va., in 1998; attended Northern Virginia C...
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By TENNESSEE HOME TEAM, LUXURY HOMES & SUPERIOR SERVICE
(Adaro Realty, Inc.)
A recent article in Rutherford A.M. gave the citizens of Rutherford Co. an inside look at the candidates for the Murfreesboro City School Board election that will take place on April 15, the candidates also have shared their views at two forums and other appearances on multiple educational issues. Among  the issues they've talked about include socioeconomic balance vs. neighborhood schools and public participation at board meetings vs. policies requiring personal issues to be dealt with by educators outside the public events.Now it is time to take an in depth look at each candidate:Name: Claudia L. Hunter Address: 1935 Scarlett Drive, Murfreesboro, TN 37130 Phone: 615-895-4103 Education: Graduated fromYork High School in Elmhurst, Ill., in 1966; studied art at Elmhurst College and Coe C...
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By TENNESSEE HOME TEAM, LUXURY HOMES & SUPERIOR SERVICE
(Adaro Realty, Inc.)
A recent article in Rutherford A.M. gave the citizens of Rutherford Co. an inside look at the candidates for the Murfreesboro City School Borad election that will take place on April 15, the candidates also have shared their views at two forums and other appearances on multiple educational issues. Among the issues they've talked about include socioeconomic balance vs. neighborhood schools and public participation at board meetings vs. policies requiring personal issues to be dealt with by educators outside the public events.Now it is time to take an in depth look at each candidate:Name: Nancy Youree Duggin Address: 1627 Glenhaven Drive, Murfreesboro, 37130 Phone: 615-896-1527 Education: Attended Murfreesboro's Crichlow-Cox Grammar School, before graduating from Rutherford County's Centr...
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By TENNESSEE HOME TEAM, LUXURY HOMES & SUPERIOR SERVICE
(Adaro Realty, Inc.)
A recent article in Rutherford A.M. gave the citizens of Rutherford Co. an inside look at the candidates for the Murfreesboro City School Borad election that will take place on April 15, the candidates also have shared their views at two forums and other appearances on multiple educational issues. Among the issues they've talked about include socioeconomic balance vs. neighborhood schools and public participation at board meetings vs. policies requiring personal issues to be dealt with by educators outside the public events.Now it is time to take an in depth look at each candidate:Name:  Butch Campbell Address:1639 Kensington Drive, Murfreesboro, TN 37130 Phone:615-896-1951 Education:  Attended Crichlow and Mitchell-Neilson Elementary School before graduating from Central High School in...
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By TENNESSEE HOME TEAM, LUXURY HOMES & SUPERIOR SERVICE
(Adaro Realty, Inc.)
A recent article in Rutherford A.M. gave the citizens of Rutherford Co. an inside look at the candidates for the Murfreesboro City School Borad election that will take place on April 15, the candidates also have shared their views at two forums and other appearances on multiple educational issues. Among the issues they've talked about include socioeconomic balance vs. neighborhood schools and public participation at board meetings vs. policies requiring personal issues to be dealt with by educators outside the public events.Now it is time to take an in depth look at each candidate:Name: Kathy Burriss Address: 1911 Nightwalks Court, Murfreesboro, TN 37130 Phone: 615-957-9753 Education:Graduated fromMt. Mercy Academy in Buffalo, N.Y., in 1968; earned bachelor's degree in elementary educat...
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By TENNESSEE HOME TEAM, LUXURY HOMES & SUPERIOR SERVICE
(Adaro Realty, Inc.)
A recent article in Rutherford A.M. gave the citizens of Rutherford Co. an inside look at the candidates for the Murfreesboro City School Borad election that will take place on April 15, the candidates also have shared their views at two forums and other appearances on multiple educational issues. Among the issues they've talked about include socioeconomic balance vs. neighborhood schools and public participation at board meetings vs. policies requiring personal issues to be dealt with by educators outside the public events.Now it is time to take an indept look at each candidate:Name:Susan Andrews Address:910 Hazelwood St., Murfreesboro, TN 37130 Phone:615-896-9323 Education:AttendedPercy Priest Elementary and Parmer Elementary in Nashville and graduated from Harpeth Hall High School in...
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By TENNESSEE HOME TEAM, LUXURY HOMES & SUPERIOR SERVICE
(Adaro Realty, Inc.)
Murfreesboro, Tennessee is a place that many call home; both long time natives and newly transplanted residents. However, few that live and work in Rutherford County are aware of the rich and vibrant history of the place that we choose to call home. Here is just a small history lesson on our home and our heritage. In 1811, the Tennessee State Legislature appointed a committee to select a new site for the Rutherford County seat. The site eventually chosen was 60 acres of land belonging to Captain William Lytle. The General Assembly named the new town "Cannonsburgh," honoring Newton Cannon, a young politician in Williamson County, but upon Captain Lytle's request, changed the name to "Murfreesborough" one month later. The naming was in memory of Lytle's friend, Colonel Hardy Murfree. In 1...
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By TENNESSEE HOME TEAM, LUXURY HOMES & SUPERIOR SERVICE
(Adaro Realty, Inc.)
According to the NAR, The U.S. Department of Housing and Urban Development today published new FHA and conforming loan limits, based on median home prices as mandated by the Economic Stimulus Act signed by President Bush in February. NAR stated that the new loan limits for FHA and Fannie Mae and Freddie Mac are now calculated at 125 percent of the HUD published median prices, with a floor of $271,050 and $417,000, respectively, not to exceed $729,750. NAR expects the impact on the housing market to be significant because of the infusion of capital into the mortgage market, which should result in lower interest rates across the board. In addition, there will be a direct impact on high-cost areas that previously required borrowers to take out costlier jumbo mortgages.NAR research points o...
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By Jeffry McGee
(Classic Homes Realty)
There are currently 970 houses on the market in Murfreesboro. In the 12 months leading up to February 2008, 2029 houses in Murfreesboro sold for a monthly absorption rate of 169 houses and an inventory of 5.7 months. In the past 3 months, 333 houses sold for a monthly absorption rate of 111 houses and an inventory of 8.7 months. Clearly, the housing market has slowed down, as it usually does this time of the year, but more houses sold in February than in January.The average house that sold over the past 12 months is a 3 bedroom, 1 bath, 1,194 sf., $101,096 house. The average house that sold over the past 3 months  is a 3 bedroom, 2 bath, 1,771 sf., $162,260 house. The size of the average house sold this month was a little larger than that sold last month and could account for the price ...
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By Jeffry McGee
(Classic Homes Realty)
Currently, there are 970 houses on the market. In the 12 months leading up to January 2008, 2,126 houses closed in Murfreesboro. That is a monthly absorption rate of 177 houses and an inventory of 5.5 months. In the last three months, 257 houses closed for a monthly absorption rate of 86 houses and an inventory of 11.3 months. Clearly, the market is slowing down, but that is normal for this time of year.The average house that sold over the past 12 months was a 3 bedroom, 1 bath, 1,179 sf., $99,151 house. The average house that sold over the past three months was a 3 bedroom, 2 bath, 1,734 sf., $156,638 house. It appears that the trend is to buy larger houses. 
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By Glen Rickard
(Master Plan Realty)
The Planning Department of Rutherford County announced the approval of the development of a commercial plaza at the intersection of County Farm Road and Hwy 231 South.  The plaza will include a gracery store, retail stores, and eateries.  This is a wonderful approval for the south side of Murfreesboro, TN.  This area is growing with homes, schools, and baseball parks, so the add of this commercial plaza will truly add to the economic growth and convenience for this community.
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By Rhonda Burgess, Moving to Nashville TN Real Estate Specialist
(Southern Living Realty Partners)
Residents interested in seeing the plans for the Bible theme park in Rutherford county are invited to information sessions to take place this week.  Three open house meetings for Bible Park USA will be held this week in LaVergne, Smyrna, and Murfreesboro.  The open houses will give citizens an opportunity to ask questions and obtain information about the proposed theme park to be built in the Blackman community.  Developers are expected to submit plans to the Rutherford County Planning Department on Monday February 11th, the deadline in order to bring the rezoning befor the Rutherford County Future Development Committee in March.  The meetings are scheduled for: Monday, February 11th from 4:30 to 7:30 pm at the LaVergne Multi-Purpose Building behind LaVergne City Hall at 5093 Murfreesbo...
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By Rhonda Burgess, Moving to Nashville TN Real Estate Specialist
(Southern Living Realty Partners)
I-24 commuters in and out of Murfreesboro now have a new exit to hopefully relieve some traffic congestion.  The New Salem Highway/State Route 99 exit 80 is now open.  The exit has opened five months ahead of schedule.  Exit 80 cost approximatley $38 million to build and it was funded 90% by federal funds.  The new exit provides a more direct route to Middle Tennessee State University and provides an alternative to using the Church Street/Exit 81 which has its share of traffic jams.
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By Jeffry McGee
(Classic Homes Realty)
Currently, there are 975 houses on the market in Murfreesboro. From November 30, 2006 to November 30, 2007, 3791 houses closed for a monthly absorption rate of 315.92 houses. From September 1 to November 30, 2007, 765 houses closed for a monthly absorption rate of 255 houses. Murfreesboro's inventory went from 3.1 months to 3.82 months of inventory. This is the yearly, cyclical slow-down and I expect the market to pick back up in January.
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By Jeffry McGee
(Classic Homes Realty)
Currently, there are 975 houses one the market in Murfreesboro. From October 1 to December 31, 2007, 420 houses closed in Murfreesboro, for a monthly absorption rate of 140 houses. From December 31, 2006, to December 31, 2007, 2122 houses closed in Murfreesboro, for a monthly absorption rate of 140 houses. Murfreesboro's inventory moved from 5.5 months to 2.31 months. Therefore, Murfreesboro's market is improving ahead of my prediction.
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By Rhonda Burgess, Moving to Nashville TN Real Estate Specialist
(Southern Living Realty Partners)
     The city of Murfreesboro now has the green light to help stop red-light runners.  The Murfreesboro city council approved a contract with a Maryland company to provide red-light cameras at six major intersections.  The fine for drivers caught running the red lights will be $50 and it will be considered a civil offense, much like a parking ticket.  The intersections where the cameras will be placed are:  Broad and Church St., Memorial and Northfield Blvd, NW Broad Street and Northfield Blvd, S. Church Street at Middle TN Blvd, Rutherford and Mercury Blvd, and Old Fort Parkway and Thompson Lane.  A date for the implementation of the cameras has not been set. 
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By Rhonda Burgess, Moving to Nashville TN Real Estate Specialist
(Southern Living Realty Partners)
Here is the current real estate market report for Murfreesboro, Tennessee reflecting October 2007 sales:There are currently 1785 residential listings on the market There are currently 245 residential sales pending 269 properties were sold during the month of October Average listing price per square foot was $107.38 Average sales price per square foot was $104.37 78 days on market was the average sales time Homes are selling.  Beat the spring rush and sell your home today.  If you are planning on selling your home, please visit our site for a free neighborhood sales analysis.  
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By Rhonda Burgess, Moving to Nashville TN Real Estate Specialist
(Southern Living Realty Partners)
 The downtown condo craze has spread from Nashville all the way down I-24 to Murfreesboro. Plans have been presented by a California-based development firm to build a six story tall building in downtown Murfreesboro that would include 46 condos, a three-level parking garage, and 8,850 square feet of commercial space. Majestic Development, the development firm, paid $550,000 in 2006 for the property at 315 W. Main Street. The building located on the site collapsed during a thunderstorm last year. Majestic has chosen Nashville-based Gresham Smith and Partners to develop the building's design. The picture below is similar to the industrial style building that has been proposed. 
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By Rhonda Burgess, Moving to Nashville TN Real Estate Specialist
(Southern Living Realty Partners)
As the housing market in Middle Tennessee softens, the states largest home builder announced staff cuts last week. Ole South Properties, which has nine communities in Rutherford county, is cutting its staff from 33 to 25 as the demand for new homes has fallen. According to an interview with the Daily News Journal, Ole South had plans to build up to 700 homes a year but they expect the actual number of units built this year to be in the high 500s. Housing permits in Murfreesboro alone have declined by over 34 percent compared to last year. County-wide, the number of permits is down nearly 17 percent as compared to this time in 2006. Even with this decline, there are nearly 1,000 brand new condos and single family homes available or under construction. As Rutherford county continues to gr...
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