Welcome or Register
Elite Realty Group
442 E. Economy Rd
Morristown, TN 37814
Phone: 423-307-8566
Fax: 423-307-1051
Email: mike@elkinsteam.com

 Morristown TN Homes For Sale - Elite Realty Group provides services with Morristown TN Real Estate For Sale to home buyers and home sellers in Morristown Tennessee, Hamblen County Tennessee, Talbott, Russellville, Whitesburg, Bean Station, Grainger County, and surrounding communities.
We specialize in working with Home Sellers in getting their homes listed and sold. We utilize the latest and most up to date marketing materials in assuring the job gets done quickly and with the least amount of hassle. Our homes are listed on over 32 different Real Estate web sites including realtor.com, yahoo.com, trulia.com and many others.

Mortgage News

New Home Sales Rebound; Prices Crush Previous Record

Posted To: MND NewsWire

The report on May new home sales, released this morning, paints a much brighter picture than last month's release of April data. In that report, the U.S. Census Bureau and the Department of Housing and Urban Development said new home sales had dropped 11.4 percent from their March level, to a seasonally adjusted annual rate of 569,000 units. Today that rate was revised up to 593,000. May sales improved on that report. They were up by 2.9 percent from April to a seasonally adjusted estimate of 610,000, cracking the 600,000 mark for only the fourth time since the housing crisis began. Sales are now 8.9 percent higher than in May 2016 when the estimate was 560,000. On a non-seasonally adjusted basis, sales in May were 1,000 units higher than in April, at 58,000. May's annual rate of sales...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Legal and Compliance News - Servicing Enforcement Action

Posted To: Pipeline Press

Rumors continue to swirl, this time about Orange County’s Americash. Yes, the drop in refi volume is showing, and even if you made it through the bad first quarter, it’s not a cake walk out there. On the other hand, I wish I owned stock in George Clooney. As if he needs help with two new twin mouths to feed, he received news that Diageo will purchase Casamigos, the tequila company he cofounded and owns roughly a third of, for up to $1 billion. But the jury’s out about owning stock in Warren Buffett’s Berkshire Hathaway: it has committed $1.5 billion to a credit facility for Canada’s Home Capital Group Inc. “The investment in Home Capital , which has acknowledged responsibility for mortgage fraud, also lets Berkshire deploy a small piece of its $96.5 billion...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

MBS Day Ahead: Bond Traders Eyeing The Exits As Flat Week Winds Down

Posted To: MBS Commentary

You've heard of "innocent until proven guilty." This week of trading in bond markets has been "flat and boring until proven volatile." For many, it's the first full week of summer. For others, it's the week where their kids finished school. And for everyone, it's a week without much by way of significant economic data that lies just before a "month/quarter-end" trading week. To say that traders have been increasingly tuned out is an understatement. Today epitomizes that "tuning out" theme , not only because it's the last day of the week described above, but also because yields are starting out in the same old range that's been dominating since Fed day (last Wednesday). In other words, it looked potentially boring on paper, and...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.