Tennessee Home Loans Company Shares Good News for Housing Market

Tennessee home loans company Churchill Mortgage Corporation is sharing some good news on the housing market.

Brentwood, TN (prHWY.com) October 19, 2012 - Brentwood, Tennessee (August 2, 2012) - Tennessee home loans company Churchill Mortgage Corporation is sharing some good news on the housing market. While the housing crisis has not yet completely ended, there are signs that the market is moving in a positive direction.

These signs are based on The State of the Nation's Housing 2012 study by Harvard University's Center for Joint Housing Studies. This report presents various findings and positive statistics worth noting. If the results hold true or improve in the coming year, they can be taken as signals to take advantage of a Tennessee home mortgage.

The study notes that home sales in the first quarter of 2012 hit 16.7% higher than in 2011. This is an improvement from the 2011 findings, which showed that new home sales dropped 14% in 2010.

The latest Harvard Report also says that a typical home stayed for a shorter time on the market in March 2012 compared to March 2010. It adds that new home inventory is at a record low. This might give locals fewer chances to buy a home on a Tennessee mortgage loan at current low rates.

Notably, the study points out that, in many cases, a monthly mortgage is cheaper than the monthly rent for a unit. The report says that this has not happened since the 1970s.

Tennessee branch manager Kevin Watson acknowledges that it will likely take years for the housing market to fully recover. On the other hand, Mr. Watson says now is a great time to take advantage of a Tennessee mortgage loan as interest rates are likely to go up.

Parties interested in a Tennessee home mortgage are encouraged to visit tennessee.churchillmortgage.com or call (866) 466-3690 for more information.

About Churchill Mortgage Corporation

Churchill Mortgage Corporation is a financially sound and prominent leader in the mortgage industry. It has been providing Tennessee home loans through its consultative approach to lending. The company also offers services in South Carolina, Virginia, Georgia, Mississippi, Kentucky, and Texas.

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