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News 2010 Homes Sales Increase in Franklin and Otto

Figures obtained from the Franklin Board of Realtors MLS Data of homes sold through a Realtor says that homes are selling. In 2010, 300 homes were sold in our area versus 269 in 2009; a 10.33 percent increase. This data along with continued near all-time low interest rates may suggest that the area home market is trending upwards; good news for anyone involved in related fields. As of April 8, 2011, a 30- year conventional fixed rate loan was under five percent as reported by Advantage Loans, Inc., Fayetteville.

Franklin, known globally as the Gem Capital of the World, attracts thousands of tourists and lapidary professionals each year with two gem shows. Additionally, with more than 50 percent of Macon County designated as United States Forest Service and with the town of Franklin recently achieving “Appalachian Trail Community” status, it continues to be a favorite playground for outdoor enthusiasts. Also popular with retirees, the local community continues to invest in senior- friendly venues and activities. In recent years, the town of Franklin, Macon County, and the federal government have invested in several projects including a new Senior Citizens Center and a Veterans Administration Clinic.

Nestled in the Great Smoky Mountains, with well traveled corridors to and from Asheville, Atlanta, Knoxville and Greenville and conveniently located near the Cherokee Indian Reservation and Harrah’s Casino, young and old alike will continue to be drawn “unto these hills.”

Visit the Franklin Board of Realtors website for more information at www.FBOR.com.

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