Crye-Leike Fairview, Tennessee Branch Managing Broker Sheree Rudd joins NAR Chief Economist Dr. Lawrence Yun, PhD., and Sales Associate Teresa Scott Lampley at the Crye-Leike, REALTORS 2008 National Conference

FAIRVIEW, TN. – Local Realtors heard from one of the nation’s leading experts on the current housing slowdown and his forecast for the coming year and beyond.  National Association of Realtors (NAR) Chief Economist Dr. Lawrence Yun, PhD., recently addressed a gathering of Middle Tennessee Crye-Leike, REALTORS agents in Sandestin, Florida attending the company’s 2008 National Conference and Expo.


“According to Dr. Yun, our market has been affected primarily by a tightening of the mortgage lending industry and a lack of buyer confidence,” said Sheree Rudd, Managing Broker of the Crye-Leike, REALTORS office in Fairview.  “In order for us to see a local rebound we must follow some of the advice shared by Dr. Yun which first and foremost will be to inform and educate the public.”


Managing Broker Sheree Rudd was among several associates from the Fairview/Dickson area attending the annual meeting held at the Hilton Sandestin Hotel and Conference Center, Tuesday, October 14 through Thursday, October 16, 2008. Crye-Leike’s annual National Conference & EXPO is a weeklong professional development retreat for agents and company executives featuring top national speakers and a Vendor EXPO spotlighting some of the latest in technology, marketing trends, training tools and services available to today’s Realtor.


“A housing forecast presented by Dr. Yun and based on 800 of the nation’s top economists predicts a recovery in 2009,” said Rudd.  “With down payment assistance programs still available and a first time homebuyers credit of up to $7,500, there’s a school of thought that these are two key factors to unleash a chain reaction for homebuyers in all price ranges to trade up.”


Rudd and other Crye-Leike agents attending the conference learned that the stresses on market conditions are often found in neighborhoods with sub-prime loans.  However in reality roughly just one for every 100 households has experienced or is in the midst of a home foreclosure.


Speaking to more than 400 Crye-Leike Real Estate Sales Associates, Yun says the nation is in an economic recession, which he believes will continue for the next three quarters.  However, he does not think the current climate will translate into a further downturn in home sales and values. In fact Yun presented indicators that would suggest the country is on the cusp of a housing recovery.


“I see tighter credit availability and buyer psychology as the two key ingredients holding people back from buying homes today,” said Dr. Lawrence Yun.  “I believe the confidence of buyers has been shaken by the current crisis on Wall Street and the ongoing housing slowdown.  It has resulted in many buyers remaining on the sidelines in Tennessee, Arkansas, Georgia, Mississippi and across the southern U.S. region served by Crye-Leike, REALTORS.”


Dr. Yun believes the southern U.S. will eventually see a leveling off of prices and an increase in home sales as buyer confidence is restored by further action by the government to help restore stability to the credit markets.  Even though the recent Housing Stimulus Package approved by congress has been encouraging, Yun believes the re-payment feature associated with the $7,500 First time Homebuyer Tax Credit should be removed to truly spur more buying.


“There were Crye-Leike agents from across the eight states served by the company in the southern U.S. learning firsthand about the market along with the very latest technical, marketing and sales skills,” said Rudd.  “During the event the agents were integrating fun and learning and left the conference with increased knowledge, confidence and optimism.”


Rudd, who lives in Dickson, Tennessee was joined by several of the region’s top Realtors including: Agent Teresa Scott Lampley from Fairview, Agent Scott Davis from Centerville, Agent Alex Prince from Fairview and Agent Donna Hudson from Bon Aqua.  Rudd has been a member of the Multi Million Dollar Club since 2004 and Prince has achieved the honor since 2007.  All the Realtors are members of the Williamson County Association of Realtors (WCAR) and the Greater Nashville Association of Realtors (GNAR).


For all your real estate needs at personal referrals you can contact the Crye-Leike, REALTORS office in Fairview, Tennessee by calling 615-799-6288.  Agents there work with buyers and sellers and specialize in all types of residential real estate sales with a focus on land & farms and new construction.


Harold Crye and Dick Leike established Crye-Leike, REALTORS in 1977.  Today, Crye-Leike?, the nations 4th largest real estate company, has a network of more than 4,100 sales associates and 132 corporate and franchise offices located in 65 counties through-out the eight-state southern region of Tennessee, Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi and North Carolina.


Crye-Leike is a full-service real estate company offering buyers and sellers services in the following areas of specialty: residential sales, mortgage lending, title, insurance, commercial business and investments, property management, development and construction, builder resources, REO bank-owned properties, relocation, auctions, and home services referrals.  In 2007, the Crye-Leike organization attained sales of $5.7 billion with 32,500 closed transaction sides.