Time to Be a Little Optimistic

Its not quite time to celebrate, but it looks like it is time to start feeling a little more optimistic about the economy. Economist Dennis Garman says that the U.S. recession is done. In a recent interview, Garman states, "We saw it happen two weeks ago."  Why does Mr. Garman's forecast hold any merit? Back in the fall of 2007 he told his newsletter subscribers the we were entering a recession, a year a head of the government's official call. The recession he forecast, that began in December 2007 is now over, according to indicators he values. The first indicator is the downward spike in the number of weekly jobless claims, a trend he looks for first, and number two is the ratio from The Conference Board: the percentage of coincident economic indicators to lagging indicators. The ratio has risen three months in a row, and he feels confident the recession is at an end and he expects economic indicators to slowly turn positive by October.

Just this morning it was reported that the economy shed 247,000 jobs in July, much less than the forecasted 325,000 loss anticipated and unemployment was actually down for the first time since April, 2008. Good signs to be sure, and good news for investors. With confidence growing and more investors participating its a good time to invest in real estate. With low prices, great financing opportunities and quality property out there, its a good time to start searching.

The Ridges at Tellico Lake is offering large estate size home sites to build that dream second or vacation home, or even retirement home. There are two beautiful homes open daily for inspection that are being offered for fractional ownership from just $149,900. These homes feature spectacular Smoky Mountain, 50 mile panoramas, and are exquisitely furnished and ready for occupancy.

Residents will enjoy boating, fishing, hiking, biking and now the best golf in Eastern Tennessee.

For more information please visit www.theridgesattellicolake.com or call 239-253-2332

Free Club Membership Means More Than Just Golf

The Ridges at Tellico Lake, a gated community located in Eastern Tennessee is offering a free club membership to everyone who purchases either one of their estate size lots or a fractional share in one of their luxury mountain homes. Golf as often as you like at Greg Norman's Tennessee National considered the premier private golf experience in the area. 

Membership does not only include this gorgeous golf course but also a beautiful Wellness Center. The outdoor pool includes cabana, tiki bar, jacuzzi and entertainment area with gas grille. The Wellness Center features an indoor lap pool for year round swimming and sauna, plus state-of-the-art fitness center for daily workouts and a great room with kitchenette and fireplace for socializing with friends. 

All this included with your purchase of a lot to build your dream home on or a fractional ownership of an award winning mountain getaway with spectacular views of the Great Smoky Mountains, from just $149,000. For more information please visit www.theridgesattellicolake.com or call 239-253-2332.

Added Value - A Gimmick or Real Value Added to the Housing Market

What is added value? A gimmick, perceived value, or is it something that really gives the new home buyer additional value to their home and lifestyle. Can added value create sales or just attention? And does added value mean something different to every home buyer.

There are many examples of added value in today's housing market. The Ridges at Tellico Lake is offering an incentive to buyers that not only adds value to the product but also helps the developer broaden his market, a win-win for both sides. The added value is a free membership to one of the country's premier country clubs, with a gorgeous Greg Norman signature course. This is available to all buyers. It doesnt matter if the buyer purchases a home site, or a fractional share in one of their luxury mountain homes, every buyer receives a free membership, with all club privileges. This added value is transferred to the next owner if the original buyer wishes to sell.

Even if the buyer is not a golfer, there is that added value for resale, and use of the dining facilities and wellness center, plus all club social activities. For the golfer, obviously this is a great added value to their lifestyle, playing one Greg Norman's challengin masterpieces.

The Ridges at Tellico Lake is offering large estate size home sites to build that dream second or vacation home, or even retirement home. There are two beautiful homes open daily for inspection that are being offered for fractional ownership from just $149,900. These homes feature spectacular Smoky Mountain, 50 mile panoramas, and are exquisitely furnished and ready for occupancy.

Residents will enjoy boating, fishing, hiking, biking and now the best golf in Eastern Tennessee.

For more information please visit www.theridgesattellicolake.com or call 239-253-2332

Another Good Day for the Economy

It seems more often than not we are getting good reports and results regarding the economy.

Yesterday, the Dow and S&P reached 9 month highs and the Nasdaq reached a 10 month high pushed by auto sales, economic reports and corporate earnings. Coming off the best July in decades, August started very upbeat. In July the Dow gained 8.6%, the S&P gained 7.4% and the Nasdaq rose 7.8%.

The Institute for Supply Management's manufacturing index rose to 48.9 in July, from 44.8 in June. The increase succeeded expectations. Ford Motor gained 2% over a year ago, GM, Toyota Motor, Chrysler Group and Honda Motor, due to Cash for Clunkers all rose versus June levels.

Oil and gold prices rallied and rose $2.13 and $2.90 respectively, Humana and Marathon Oil also showed significant gains.

So, what does all this mean. It looks as though confidence is growing throughout the marketplace. Maybe we havent seen significant leaps yet that will get us out of this recession in weeks, experts still say months, but we are headed in a more positive direction than we were months ago. So it may be a good time to jump back into the housing market. Statistics show recently that buyers are getting back into real estate investing, slowly, but they are finding the bargains and values. The Ridges at Tellico Lake is one of those rare values that seem to come up once every so often. A fractional share in a gorgeous, furnished 2,500 - 4,000 square foot luxury, and award winning home is priced from just $149,000. Select from two magnificent homes with spectacular Great Smoky Mountain vistas, on Tellico Lake. Residents will enjoy boating, fishing, hiking, biking and now a free membership to one of the country's premier golf clubs, and all the privileges that come with membership like challenging  Greg Norman's championship course. For more information please visit www.theridgesattellicolake.com or call 239-253-2332.

Greg Norman Finishes Tied for Fourth and Draws Huge Crowds

Although he did not win, Greg Norman finished a very respectable fourth place in the U.S. Senior Open and proved once again that he is one of the greatest draws in golf history. Norman started the day one stroke behind the eventual winner, Fred Funk, but struggled on No. 6 and never threatened. For a short time Norman shared the course record at 66, but that was bettered Saturday when Russ Cochran shot a 64. 

When not competing with the best senior golfers in the world, Greg Norman has been designing some of America's finest golf courses, including the course at Tennessee National. Tennessee National is a gorgeous Norman signature course that he recently described, "In addition to the holes directly on the water, views of the valleys and surrounding hills provide the course with character and distinction."

A very exciting opportunity is available to buyers at The Ridges at Tellico Lake. For anyone purchasing either a home site or a fractional share in of their beautiful furnished luxury homes, they will receive a free membership to Greg Norman's masterpiece. Each owner will have full privileges to one of the country's finest private golf courses. These mountain getaways ranging in size up to 4,000 square feet offer spectacular views of the Great Smoky Mountains. A superb value from just $149,000. For more information please visit www.theridgesattellicolake.com or call 239-253-2332.

Greg Norman's Masterpiece in Eastern Tennessee

Yesterday Greg Norman shot a 66 to take a share of the lead at the U.S. Senior Open. With his trademark drives and string of birdies, Norman birdied four straight holes on the front nine that left him in a four way tie for first, at six under. Once tabbed as the world's best golfer, Norman is not only playing very well these days, but has also distinguished himself as one of the world's best golf course architects. His Tennessee National course is best described with lush valleys and wooded settings, along the graceful bend of the Tennessee River. "In addition to two holes directly on the water, views of the valleys and surrounding hills provide the course with character and distinction." states the course architect. 

Interesting that Mr. Norman is "sharing" the lead with three other golfers, because that is exactly what The Ridges at Tellico Lake is doing. They are offering fractional ownership on two gorgeous new homes. Each "share" comes with a free membership to Greg Norman's course. Owners will have full privileges at one of the country's finest private golf clubs. The fractional ownerships for these award winning homes start at just $149,000. For more information please visit www.theridgesattellicolake.com or call 1-239-252-2332.

Free Greg Norman Golf Membership at The Ridges at Tellico Lake

Many builders and developers are adding incentives for home buyers. From free upgrades to free cars, home buyers today are enjoying a plethora of complimentary incentives just for buying a new home.

Adding value to the purchase is what the home buyer sees, adding incentive to persuade the buyer and getting a little publicity is what the builders and developers are hoping for.

The Ridges at Tellico Lake has just announced a new incentive program. The Ridges is a gated community at the foothills of the Great Smoky Mountains offering spectacular 50 mile views in a laid back mountain retreat, just 30 minutes from Knoxville, Tennessee. They are offering three different types of purchases. Estate size home sites, purchase a lot and build at cost, and fractional ownership of two gorgeous model homes. Award winning and up to 4,000 square feet, they are ready for ownership and priced from $149,000, this is a great value. 

The developers have decided to throw in a huge incentive with an extra bonus. Whether you buy a home site, or a fractional share in one of their exquisite homes you receive free membership to Greg Norman's Signature Course. This 18 hole, par 72 course is "a truly remarkable experience," claims the designer himself. Residents of The Ridges at Tellico Lake will enjoy playing on one of the finest private golf clubs in the country. After the game unwind with friends over a drink or gourmet lunch or dinner in the dining room. 

For more information please visit www.theridgesattellicolake.com or call 239-253-2332.

Are We Overly Optimistic About the Return of the Housing Market

David Resler, chief economist at Nomura Securities states, " The worst of the housing recession is now behind us." Keystone Custom Homes in Lancaster, Pa had its best June since 1992 and as president Larry Wisdom says, "We doubled our sales in May, and then in June it took off."

We, Americans pocess an inherent positive attitude to most everything. We are a half glass full country, eternally optimistic and always forgiving. Great traits that just seem to come with the territory. So, when it comes to something as important as the "American Dream" of owning our own homes, it is no surprise we look for every inkling of positive news so that we can all fulfill our dream. There are many indicators that say the housing market is rebounding, there are also experts saying that a complete recovery will still take time and the market although recovering is still not where they would like it to be. However, we as true blue, red blooded Americans are optimistic that the recovery has already begun and we are headed in the right direction. Optimism and a little faith has always been what has put America at the top of the food chain.

Inventories are decreasing, sales are up, mortgage rates are low so there is reason to feel optimistic. The spiraling downward has definitely stopped and it looks positive coming into 2010 that we are putting the worst behind us. Before prices increase too much, this seems like a perfect time to buy. The Ridges at Tellico Lake, a gated mountain community at the foothills of the Great Smoky Mountains is offering a superb deal on two gorgeous homes ready for immediate move in. Both homes with spectacular panoramic views and beautifully furnished are being offered at fractional ownership from just $149,000. Estate size home sites are also available. For more information regarding these opportunities please visit www.theridgesattellicolake.com or call 239-253-2332.

More Good News from the Housing Front

What we havent seen in the housing market is positive news regarding new construction, until yesterday that is - Sales of newly constructed single family homes in June rose 11% over May.

The gain over May was much better than expected, and buoyed the spirits of builders. The index of builder confidence from the National Association of Home Builders rose to 17 this month after being stuck in single digit territory for quite some time. This newly found confidence in the market is evidenced with a 14.4% jump over May in the pace of new starts for single family housing units. 

Peter Morici, an economics professor at the University of Maryland sees this as a very positive sign. "Considering what's going on in existing home sales, with all the foreclosure activity sending down home prices, for new homes to jump like that is a good indicator that the economy is bottoming out," states Mr. Morici.

While many experts feel that the housing market has bottomed out, the next thing to happen is the prices will start to rise, especially if the number of homes on the market decreases. So, it would be an excellent time to buy - While the opportunities are there, the prices could be rock bottom and financing is friendly. A great place to start looking is the second or vacation home market. And to start thinking about a fractional ownership. The Ridges at Tellico Lake, a gated community at the foothills of the Great Smoky Mountains is offering two beautiful homes at fractional ownership from just $149,000. Award winning and with spectacular views, these mountain getaways are exquisitely furnished and decorated. Each share comes with a complimentary golf course membership to a fantastic country club and golf course, designed by the legend, Greg Norman. Estate size home sites are also available, and include golf membership as well. For more information please visit www.theridgesattellicolake.com or call 239-253-2332.

Something is Happening in the Housing Market

Yes, something is happening in the housing market. It is getting better. For the first time in 5 years home resales improved for 3 consecutive months. Following its worst performance in 70 years the housing market is coming back. The number of listed homes decreased as did foreclosure sales. "People believe the worst is behind us," states Julie Longtin, a real estate agent from Rhode Island. Sales have risen in 40 out of the 55 major metropolitan areas over the last three months. Median sales prices were up from June to May, meaning the gap is narrowing between the asking price and the final sales price. With lower prices, low mortgage rates and government incentives for buyers, home ownership is more affordable than its been in decades.

"We are seeing contracts like crazy," said Valerie Huffman, vice president of a real estate office in Montgomery County, Md, where home sales are up 42% over last year.

It just may be that prices wont go lower, and while there is inventory out there, it is time to buy. A great way to take advantage of lower prices, great financing and a growing concept is the fractional home ownership market. The Ridges at Tellico Lake is offering two magnificent homes with spectacular views of the Great Smoky Mountains from just $149,000 per share.

Owners of an award winning home can save hundreds of thousands of dollars by purchasing the same luxury quality they are used to for just a fraction of the cost. These homes are exquisitely furnished and ready to move in to. For more information about these fractional mountain getaways, and available home sites visit www.theridgesattellicolake.com or call 1-877-Tenn-A-See (836-6273).

Stocks Take a Giant Step

Again, there are signs of the recovery already under way. The news was focused on the stock market yesterday as significant gains were made with investors' confidence soaring due to better-than-expected quarterly results. The Dow Jones industrial average gained 2.1% closing at it highest point since November 5. The Nasdaq composite gained 2.5% and closed Thursday with a run of 12 consecutive positive sessions, the longest winning streak since January, 1992. Companies in nearly ever sector are beating expectations, even Ford Motor recorded a second quarter profit. AT&T reported earnings that topped estimates, as did 3M. We of course still have a long way to go, but it does seem the threat of a depressions and a long recession seems very unlikely at this point.

With confidence in the investment markets and the real estate market beginning to see gains, it may just be time to jump back into the housing market. Fractional ownership is the smart way to purchase a second or vacation home. The fastest growing ownership concept can also be an excellent way to invest in real estate. For more information regarding fractional ownership, call The Ridges at Tellico Lake, 1-877-Tenn-A-See (836-6273). The Ridges is offering two gorgeous mountain getaway homes with spectacular Smoky Mountain views from just $149,000. This award winning gated community is the ideal fractional getaway, yet close enough to Knoxville, Tennessee so all residents can enjoy the nightlife and cultural events.

Large estate size home sites are also available to build that dream home. www.theridgesattellicolake.com.

Fishing and Boating at Fort Loudoun State Park, Tellico Lake

Fort Loudoun State Park, located on the banks of Tellico Lake in Eastern Tennessee is a 1,200 acre site located near the city of Vonore. Much of the park's acreage lies on an island on the lake, which gives boaters and fisherman alike a very unique recreational area. All types of boats are allowed. Two boat docks, available to the general public border the park. Skiing, fishing and touring are boating activities enjoyed by the many visitors. Youngsters under 13 years of age are not required to have a fishing license, while those 13-15 need a Junior Fishing License. All others will need a valid Tennessee Fishing License. The licenses can be purchased form most county clerks, hardware stores, local gas stations, sporting good stores and TWRA offices. Hiking is another park activity enjoyed by many, there are over 5 miles of winding, connecting trails affording opportunities for wildlife sightings.

Not far from the historical and recreational site, along Tellico Lake is a gated community, The Ridges at Tellico Lake. Two models are open daily, beautifully furnished and ready for inspection. The award winning homes are offered at fractional ownership from just $149,000 and feature spectacular views of the Great Smoky Mountains. Estate size home sites are also available for building that dream home. For more information regarding these homes and lots please visit www.theridgesattellicolake.com or call 1-877-Tenn-A-See (836-6273).

Tellico Lake, The Great Smoky Mountains

Tellico Lake was created by the Tennessee Valley Authority when Tellico Dam was completed in 1979. Today the lake comprises over 15,560 acres of surface water and is a boater's dream. Plenty of room to explore and enjoy, the lake is also great for sailing. Along the shores of Tellico Lake nearby residents and vacationers will find public boat ramps, campgrounds and hiking trails. The fishing is excellent with trout and largemouth bass, plus walleye and rainbow trout.

The shoreline length is 357 miles. The average elevation is 810 feet. Tellico Lake and the other reservoirs in the chain opened the waters of North America to "Great Loop Cruising." The lake's water levels fluctuate about six feet a year.  

The shoreline is mostly undeveloped, but there are a few communities that have been developed along its shores. The Ridges at Tellico Lake, a gated community at the foothills of the Great Smoky Mountains is one. Two models are open daily that offer spectacular mountain and lake vistas and are exquisitely furnished. These award winning homes offer up to 4,000 square feet of interior luxury and are available for fractional ownership from just $149,000.

Large estate size home sites are also available to build that dream mountain getaway.

For more information regarding these homes and lots, please visit www.theridgesattellicolake.com or call 1-877-Tenn-A-See (836-6273).

"The Pace of Decline Appears to have Slowed Significantly"

Today, Federal Reserve Chairman, Ben Bernanke told lawmakers that the economy has started to show signs of stabilization and reiterated that the Fed will be able to keep inflation at bay, which will encourage banks to start lending again. He is quoted as saying, "the pace of decline appears to have slowed significantly and final demand and production have shown tentative signs of stabilization."

Caterpillar was up 8% today - As Cat goes, so goes the country - 

The stock market is on a run, ending today, on a six month high.

So, it looks like we may have seen the worst of this downturn, and the economy (the worst since the Great Depression) is rebounding. As Yogi Berra said, "It aint over til its over" - but things are looking up.

So, it may just be time to start looking again for that second home or vacation home. The hottest second home concept, growing rapidly is the fractional home market. The Ridges at Tellico Lake at the foothills of the Smoky Mountains is offering two fabulous mountain retreats for fractional ownership. Award winning with spectacular mountain and lake vistas these homes are exquisitely furnished and ready to move in, from $149,000. For more information on these homes please visit www.theridgesattellicolake.com or call 1-877-Tenn-A-See (836-6273).

Good News on U.S. Housing Starts

Finally some good news regarding housing starts and permits. In June, as a government report shows there was an increase from May, the biggest jump in single family home starts since December 2004. The 14.4 percent increase suggests the housing sector may be stabilizing.

For the first time since February-March 2007  single family starts have risen for two straight months. An indicator for builder confidence, June permits to start construction  soared 8.7 percent. Compared to a year ago, June starts were down 46% and permits down 52%.

Pierre Ellis, an economist at Decision Economics in New York, states, "The housing starts rise is clear evidence of a rebound of demand for single family homes." The increase actually surprised "experts" who when polled by Reuters expected stats to be unchanged.

The Ridges at Tellico Lake, a mountain retreat in the Smoky Mountains of East Tennessee have two beautiful model homes open for inspection. These award winning homes, with square footage up to 4,000 of interior luxury, are being offered as fractional ownership, from just $149,000. Large estate size home sites are lso available to build that dream home. Enjoy the best of both worlds, with breathtaking panoramic views of the Smokies and Tellico Lake, but just a short drive to the culture and night life of Knoxville. For more information please visit www.theridgesattellicolake.com or call 1-877-Tenn-A-See (836-6273).

Tellico Reservoir - A Great Eastern Tennessee Getaway Almost Never Happened

It took an exemption by Congress and President Carter in 1979 that finally allowed for the completion of Tellico Dam, and a year later Tellico Lake was filled. Built by the Tennessee Valley Authority, Tellico Lake is part of a network of dams and reservoirs intended to protect the city of Chattanooga, Tennessee from flooding, and also to improve navigation on the Tennessee River. The canal that links Tellico Lake to Fort Loudon Lake allows barges to enter the Little Tennessee River without having to pass through a lock system increasing commercial traffic. The canal diverts water to Fort Loudon Lake to generate hydroelectric power. 

Much of the shoreline of Tellico Lake is undeveloped, and there are many recreational facilities along the lake. There are also many communities being developed along Tellico Lake. The Ridges at Tellico Lake is one of those communities that feature Tellico Lake as an amenity for residents. Fishing, boating and water skiing are enjoyed on the 15,000 acres of water surface that comprise Tellico Lake. The Ridges is offering fractional homes sales of two gorgeous new model homes. Each featuring panoramic vistas of the Great Smoky Mountains, exquistely furnished and ready for occupancy, priced from just $149,000. In addition estate size home sites are available for building that vacation home getaway. For more information please visit www.theridgesattellicolake.com or call 1-877-Tenn-A-See (836-6273).

Tellico Lake - East Tennesee, 30 Miles South of Knoxville

The Tennessee Valley Authority began construction on Tellico Dam in 1967. Finally completed in 1979, Tellico Lake was formed out the the Little Tennessee River, which today covers 357 miles of shoreline and 15,560 acres of water surface for recreational activities. Construction of the dam was not without controversy. The controversy was focused on the protection of a small endangered fish, the snail darter. The snail darter measures just 2.2 - 3.1 in length and feeds primarily on aquatic snails. This little fish halted construction while controversy escalated to the Supreme Court. Eventually a compromise was made by congress to complete the dam and remnant populations of the snail darter were successfully introduced to the Hiwasee River and other streams. 

Today many communities built along the shores of Tellico Lake offer the amenities the lake provides as incentive to new residents. One of these is a gated community, The Ridges at Tellico Lake. If someone is interested in the fractional ownership of a gorgeous mountain home this is the perfect place. With beautiful panoramic views of the Great Smoky Mountains, these homes are exquisitely furnished and ready for occupancy. Priced from just $149,000 a share in these homes is a smart buy in today's market. Estate size home sites are also available. For more information please visit www.theridgesattellicolake.com or call 1-877-Tenn-A-See (836-6273).

The Sequoyah Birthplace Museum - Vonore, Tennessee

On Sunday, August 2, 2009, the Sequoyah Birthplace Museum, located at the foothills of the Great Smoky Mountains, along Tellico River will be celebrating "Sequoyah Remembrance Day."

The museum, a property of the Eastern Band of the Cherokee Indians, promotes understanding and appreciation of the Cherokee Nation. Sequoyah was born circa 1776, very close to the current location of the museum. A silversmith by trade, and illiterate, he invented a writing system for the Cherokee Nation, which was officially adopted by the Cherokees, and resulted in thousands of Cherokee Indians becoming literate within a few months. It took Sequoyah twelve years to perfect his symbols, all 86, which resemble Greek, Roman and Arabic characters. He was awarded a silver medal by the Cherokee Nation along with a lifetime pension for his work. He served as a statesman and diplomat until his death.

On August 2, admission is free, Cherokee artisans will be on hand demonstrating skills and art from 12-5pm. The museum is a great place to spend the afternoon and learn more about the Cherokee people and their culture. The museum is located not far from one of Vonore's newest communities, The Ridges at Tellico Lake. Two models are open for your inspection. Fractional ownership of these beautiful homes, fully furnished with fantastic views are priced from just $149,000. Large estate size home sites are also available to build your dream home. For more information please visit www.theridgesattellicolake.com or call 1-877-Tenn-A-See (836-6273).

Vonore, Tennessee - Cherokee Indian Culture and Museum

Vonore, Tennessee, located at the junction of the Little Tennessee River and Tellico River is home to a rich culture of Cherokee history. A great place to visit is the Sequoyah Birthplace Museum, which promotes the understanding and appreciation of the Eastern Tennessee Cherokee Indians. The museum pays homage to one of the most important figures in Cherokee history, Sequoyah, who gave his people a writing system. This was an illiterate man, that created a system of characters that allowed his people to leave a lasting history of their Nation. 

He worked as a silversmith, and with his dealings with the whites was very impressed with their writhing. It was a long process of trial and error, first he attempted to create a symbol for each word, then he found success developing a symbol for each syllable in the Cherokee language. The system contained 86 characters, some resembling Greek, Arabic or Roman letters. He finally convinced the leaders of the Cherokee Nation that he had created something extremely important, and in 1825 it was adopted as the official writing system for the Cherokee Nation.

The kids, and adults as well will thoroughly enjoy their visit to the museum. New residents that come to Vonore find a wealth of culture and history that make vacationing or finding a second home a little extra special. The Ridges at Tellico Lake in Vonore is offering a an excellent opportunity to make this beautiful area, not only rich in history, but rich in nature and activities, a great place to call home. You can purchase a share of a gorgeous new home for just $149,000. There are two homes open daily for inspection that feature magnificent 50 mile panoramic Smoky Mountain views. Large estate size home sites are also available. For more information please visit www.theridgesattellicolake.com or call 1-877-Tenn-A-See (836-6273).

A Little More Interesting History Surrounding Vonore, Tennessee

Tanasi, the Overhill Cherokee village, which gave Tennessee its name, was located in Monroe County, very close to what today is known as Vonore. The history of the Cherokees Indians in the region and the English date back to the early 1700s. A pipe smoking session, and we all wonder what was in those pipes, between the Tanasi Warrior (the chief) and the English Colonel, George Chicken ( certainly today, Colonel Chicken would have changed his name), secured the relationship between them as they pledged friendship and an alliance to hold back the Creek hostilities. In 1730, an emissary to King George II, visited the chief and with the help of Moytoy, chief of Great Tellico, secured a gift for the king, the emissary would return to England with, the Crown of Tanasi, a wig made of dyed possum hair. He parted for England with Tanasi warriors and the future Cherokee leader Attakullakullah...and the prized headdress. I'm sure the gift was a big hit with King George.

Today on the land very close to where history occurred and alliances were made stands a monument to today's design and craftsmanship. The Ridges at Tellico Lake offer two beautifully designed and built log and timber homes. Award winning and exquisitely furnished these homes are available for fractional ownership from just $149,000. Fractional ownership is the smart way to purchase a second home without spending more than you need to. Share the burden of expenses and enjoy the best of both worlds. For more information please visit www.theridgesattellicolake.com or call 1-877-Tenn-A-See(836-6273).

Vonore, Tennessee - Rich in Cherokee History

Vonore, Tennessee, nestled within the Little Tennessee River Valley has a history rich in historical and archaeological value. For many years the Cherokee Indian Nation considered this area as their principal homeland. Tanasi is a historic Overhill Cherokee village site, best known as the namesake for the state of Tennessee. Tanasi served as the capital of the Cherokee Nation during the 1700s until the capital moved to Great Tellico. Another village located in the Vonore area was named Chota, just north of Tanasi. The towns were excavated in the 1960's when it was determined that they were archaeologically indistinguishable, and today share a single listing on the National Register of Historic Places. The Tennessee Valley Authority placed a monument on the shoreline of Tellico Lake that commemorates the history and legacy of these two towns, and the naming of the great state of Tennessee.

Nestled along Tellico Lake today is the gated community of The Ridges at Tellico Lake. They are offering large estate size home sites and fractional ownership of two gorgeous homes with spectacular panoramic views of the Great Smoky Mountains, from just $149,000. Each home is beautifully appointed and affords the utmost in home luxury. For more information please visit www.theridgesattellicolake.com or call 1-877-Tenn-A-See (836-6273)

Vonore, Tennessee - Small Town America

What is it about small town America that we Americans find so attractive. The slower pace or the safety, or the friendliness of its towns? All three I think. To a person when asked about Vonore, a small town in Eastern Tennessee, visitors and residents alike comment about the people. "I got nothing but love from the locals", says a resident upon moving to Vonore.  "After 40 years of living in Illinois, we've made the decision to move to Tennessee. We visited Eastern Tennessee and just loved the people and the mountains", states a soon to be resident. This quote says it all, "People here in Vonore are nice and friendly...even to us Yankees". With welcoming arms citizens of Vonore and Monroe County have opened their arms to welcome new residents to their friendly town. With new communities such as The Ridges at Tellico Lake opening up, residents see the value in welcoming new neighbors to the town, helping the economy and making new friends. With an estimated population of 1,500 Vonore is small town America - Of available statistics, from 2001-2007 there were no murders or sexual assaults, and a total of six robberies, thats about one per year and thats why some people are moving to small town Eastern Tennessee.

"God bless small town America" declares another resident. People are looking for an escape to the small towns of America and finding paradise. The Ridges at Tellico Lake, right here in Vonore is one of the places to escape the manic city life and find your mountain retreat. With fractional luxury homes available from just $149,000, the value is here too. Estate size home sites up to 3 acres are also available. For more information regarding The Ridges please visit www.theridgesattellicolake.com or call 1-877-Tenn-A-See (836-6273).

Eastern Tennessee - A vacation spot year round

While most people think of the Smoky Mountains and East Tennessee as a summer playground, many second home buyers are finding the area to be a perfect year round vacation location. Many Floridians have for years ventured up to the Smokies, purchasing summer getaways, but have since found that there is a lot to do all year round. Escaping the oppressive summer heat and humidity of Florida and finding the mild mountain summers was always enough incentive for Florida residents to secure their private mountain retreats. And if they could, they would venture up to the Smokies during autumn to enjoy the colors of fall, which as we all know Florida is fall colorless. But even the spring with its blooming flowers and the moderate winters are starting to be enjoyed by vacationers. 

The town of Vonore, which is home to The Ridges at Tellico Lake, one of the area's communities offering year round pleasure, is offering fractional ownership, which allows for its owners to enjoy the seasons. As an owner they receive 8 weeks per year, which can be divided during the different times of year. The average temperature during spring and fall is a high in the 70s and a low in the 50s. Winter, the high is in the 50s and the low in the 30s, and the summer, 80s is the high and a nice cool 60s at night.

The area has four definite seasons but quite mild and beautiful.

For more information about The Ridges at Tellico Lake and the luxury fractional homes that sell from $149,000 please visit www.theridgesattellicolake.com or call 1-877-Tenn-A-See (836-6273).

Vonore, Tennessee - A History Lover's Dream

Vonore, Tennessee is located at the confluence of the Little Tennessee River and the Tellico River. Rich in history the area was occupied by Native Americans as early as 7500 BC. It is one of the richest archaeological areas in Tennessee.  A few small villages sprung up during the period from 1,000 BC to 1600 AD. There is evidence that Hernando De Soto, the Spanish explorer and conquistador recorded his visit to the area in 1540. Settlers from Europe arrived in the 1700s establishing small villages along the Tennessee River. Just north of the US 411 bridge stood the Native American village of the Cherokee chief, Dragging Canoe, who fought alongside the British loyalists, instead of the American patriots during the Revolutionary War.

Finally in 1890 the railroad finally laid tracks through Monroe County. The stopover was named Upton Station, but when a post office was applied for. the name it was not granted, there already existed an Upton Station. The name was changed to Vonore, using a combination of two words, "von", German for "of" and the English word "ore", thinking Vonore would become a mining town.

Today Vonore is home to The Ridges at Tellico Lake, a lovely gated community nestled within the foothills of the Great Smoky Mountains. Large estate size home sites, up to 3 acres offer spectacular views of the mountains and Tellico Lake. Two gorgeous models are open and are being offered at sole ownership and also as fractional ownership starting at $149,000. For more information about land sales, and the the two model homes please visit www.theridgesattellicolake.com or call 1-877-Tenn-A-See (836-6273).

Fort Loudoun, on Tellico Lake in Eastern Tennessee

As one of Monroe County's and East Tennessee's most visited historical attractions Fort Loudoun provides visitors with a real taste of what life was like during Colonial times. At the time the fort was constructed in 1757, East Tennessee was at the far west end of British rule. At the time the Spanish and mainly French were vying for control of the colonists. The British built the fort to protect the colonists and Cherokees, from the opposing forces. The Cherokees were promised guns, ammunition, food and shelter if they would fight alongside the British. The cooperative effort didnt last long. Soon skirmishes erupted and hard fought, bloody battles between the British and the Cherokees occurred more and more often, which resulted in many deaths and others taken prisoner. The fort was eventually burned, probably by the Cherokees, and sat neglected for nearly two centuries. Even though the fort did not survive long it did play a role in laying the foundation for the freedoms we have today.

Overlooking Tellico Lake, the fort has been reconstructed and is the cornerstone of Fort Loudoun State Historic Park. Visitors to the fort get a glimpse of what life was like 250 years ago, during Colonial times. There are demonstrations including blacksmithing, cooking, medical procedures and of course soldier reenactments which is fun for the entire family.

 The park's other amenities include picnic grounds, fishing pier, hiking trails and boat doc.

The location of the park is just a few minutes from Vonore, Tennessee. The surrounding area is one of the most beautiful in the area, and has become a favorite location for vacation and second homes buyers. The Ridges at Tellico Lake, a gated community of large estate size home sites and gorgeous award winning model homes is just a short drive away. With fractional ownership starting at just $149,000, The Ridges offers a fantastic lifestyle, with magnificent panoramic views of the Great Smoky Mountains. To learn more about The Ridges at Tellico Lake please visit www.theridgesattellicolake.com or call 1-877-Tenn-A-See (836-6273).

Have a Happy 4th

All of us at The Ridges at Tellico Lake wish our country a very happy 233 - and hope all Americans stop at some point today and think of the sacrifices that were made to establish this great country of ours, and that everyone has a safe and joyous holiday.

As it turns out East Tennessee did play an important role during the Revolutionary War. Great battles like Concord, Bunker Hill or Saratoga took place in the northeast, but many important battles took place in the South as well. With the help of the Tennessee Militia of East Tennessee a key American victory was fought on October 7, 1780. 

Hundreds of Tennessee volunteers, including John Crockett, the father of Davy Crockett, approached Kings Mountain at dawn, crept up the hill and fired at the Loyalists from behind rocks and trees. Under constant attack the British loyalists finally surrendered as British Major Ferguson lay dead along with 244 other loyalists, with 163 wounded and 668 taken prisoner. Theodore Roosevelt later called the decisive patriot victory, "the brilliant victory marked the turning point of the American Revolution". It comes with some debate, but many think the "Volunteer" state of Tennessee was named for these brave Tennessee volunteers who provided a key American Victory during the Revolutionary War.

For information regarding the East Tennessee, Smoky Mountain community of The Ridges at Tellico Lake, please visit www.theridgesattellicolake.com or call 1-877-Tenn-A-See (836-6273)

Mountain Log Home Luxury at The Ridges at Tellico Lake

There are log homes and then there are log homes. Some people still envision a log home as Abe Lincoln's one room home in the early 1800s. Log homes have come a long way. The log and timber homes designed and built today are as different as a Ferrari and the stagecoach. Utilizing modern technology and craftsmanship today's log and timber homes represent the ultimate in luxury living with an ambiance of nature and the outdoors. Two great examples are the two model homes at The Ridges at Tellico Lake. With over 4,000 square feet the larger of the two offers today's home buyer a hybrid of luxury and and outdoors feeling inside. Handcrafted by one of the very best builders, Heritage Log Homes, this expansive floor plan is second to none in detail and use of space. A mountain retreat to enjoy year round.

With four bedrooms and four full baths, plus one half bath, this two story home features plenty of room to roam. Highlighted by soaring ceilings, with magnificent detail, and dramatic window placement, the home offers expansive Smoky Mountain views from almost everywhere in the house. An expansive master suite wing, celebrates the magnificent mountain views with a wrap around porch featuring vistas from three different directions. The home's mountain glory is enhanced with numerous decks, patios and window placement, yet still keeping the privacy so desired. Including a loft, game room with sitting area, formal dining and a spacious great room, family comfort and enjoyment is at a premium in the gorgeous mountain getaway.

This home is available for sole ownership and fractional ownership from just $169,000.

For more information regarding this home and photos please visit www.theridgesatetellicolake.com or call 1-877-Tenn-A-See (836-6273)

The Ridges at Tellico Lake - Best Log Home Plan 2009

The winner of the 2009 Country's Best Log Home Award for homes under 2,500 square feet is the beautiful new model home at The Ridges at Tellico Lake. With over 80 entries the judges made their selection based on smart design, curb appeal, personalized touches, and an inspiring floor plan. The "most stellar design" for a log home is a log and timber masterpiece called the Crested Butte model.

This plan's shape naturally lends it to the wide-open centralized space that is the family room. An equally open foyer space creates an inviting entry into the home. Rows of windows are situated in the dining, family and morning rooms to capture the magnificent views, and at The Ridges provide front row dining seats of a 50 mile panorama of the Great Smoky Mountains.

Via three separate entry points, the decks and screened in porches create the perfect combination for outdoor enjoyment. Dual master suites offer the utmost in luxury and privacy. Soaring ceilings, skylights and magnificent craftsmanship are featured in this gorgeous home.

To view the model at The Ridges at Tellico Lake please call 1-877-Tenn-A-See (836-6273), and for more information regarding sales, fractional ownership of this beautiful home and home site sales visit www.theridgesattellicolake.com. The Ridges at Tellico Lake is located in Vonore, Tennessee on Tellico Lake at the foothills of the Great Smoky Mountains.

Everyone is Looking for a Land Deal

And there are plenty of deals out there. But it is interesting, when you narrow your search down to location, type of home site (mountain, beach, etc.) size of home site, or if you are interested in a gated community or not, the choice really does narrow. So, if you can find discounted home sites in exactly the area you want in the type of community you want, with the amenities you would like to have, there all of a sudden is not that much too choose from.

If you are interested in a site for yourself and purchasing other lots in the community, there are some fabulous deals out there. The purchase of multiple home sites, as an investment and selecting one of those lots as the location for your dream home or vacation home seems to be an idea that is catching on. By purchasing 4 or 5 sites, or even more, the savings can be very significant.

When comparing home sites one needs to be careful to compare apples to apples. Just like any other product, they vary greatly, even though without research they may seem to be very similar. Mountain properties vary greatly. There is a big difference in purchasing lots in a gated community with utilities and paved roads from raw land that is difficult to get to. Access to important facilities and amenities is obviously important as is size, and home foot print restrictions. For instance the Ridges at Tellico Lake is offering up to 40% off on multiple lot purchases, thats saving up to $600,000. All utilities are in, roads paved, and the views and lake access are a major asset to these sites. 

The Ridges at Tellico Lake offer large estate size home sites, in a wooded preserve, with 50 mile vistas of the Great Smoky Mountains. For more information please visit www.theridgesattellicolake.com or call 1-877-Tenn-A-See (836-6273).

Raising Money During the Great Depresssion to Fund the Great Smoky Mountain National Park

It wasnt easy by any stretch of the imagination, but somehow it got done.

To purchase 6,600 tracts of land, the Park Commissions raised the funds that would be the new National Park. This also happened to be the commission that included "Great" to the name Smoky Mountains. With donations from everyone, from school children collecting pennies to large benefactors chipping in with large donations in the thousands, the amount stood at $2.5 million in pledges. Tennessee and North Carolina came up with a matching $2.5 million.

As America was now immersed in the Great Depression pledges were becoming scarce. Congress was asked by the Park Commission for additional funds, but the money to complete the Park came from the Rockefeller family, who donated $5 million. Another $1.55 million was given by the U.S. government to complete the land purchase. On June 15, 1934 the Great Smoky Mountains National Park was established by Congress, which turned stewardship over to the National Park Service. The acquisition of land continued and President Roosevelt officially dedicated the park in 1940.

During difficult times it was a struggle but they got the job done for all to enjoy. And today over 9 million people visit the park yearly. Within a short driving distance and with spectacular views of the Smokies is a gated community called The Ridges at Tellico Lake. Select a gorgeous home site to build on or inspect one of our luxury fractional homes starting at $149,000 and start living the glorious mountain life. Please visit www.theridgesattellicolake.com or call 1-877-Tenn-A-See (836-6273) for more information and about our summer discounts.

9 million people visit the Great Smoky Mountains National Park every year.

With 9 million visitors per year visiting the Great Smoky Mountains National Park every year, this makes the park, the most visited in the U.S.  Dedicated by Franklin Delano Roosevelt on September 2, 1940, the park has an interesting beginning. With local support, community leaders and politicians in both Tennessee and North Carolina pushing for the park, they finally made it happen after many years of planning and raising money.

It all started with Mrs. Willis P. Davis, a Knoxville resident who thought the Smoky Mountains should acquire park status, as it was equal to or surpassed the beauty of other national parks at the time. Before park status was given, construction of an improved road between Asheville and Knoxville needed to be built. With the help of citizens like Colonel David Chapman, the Smokies overcame all odds winning out from over 60 other proposed sites, and in 1926 Congress authorized a Great Smoky Mountains National Park. As it turned out that was the easy part. Raising money turned out to be more difficult as the depression hit.

Nestled within the majestic Great Smoky Mountains are many beautiful communities. The Ridges at Tellico Lake is a gated community offering fractional home ownership of two exquisite mountain homes. They are priced from $149,000 per share and are beautifully furnished, featuring gorgeous panoramic mountain and lake views. Home sites are also available in single and discounted packages. For more information please visit www.theridgesattellicolake.com or call 1-877-Tenn-A-See (836-6273)

Is the Recession Really Over?

How many times have we seen a headline or heard on the news that the recession is over, or how long its going to last. The answer probably is... who knows? The same reporters, talking heads, and experts all have their opinion, but lets remember none of them saw the deep recession coming, so what do they really know, and how credible is their voice. 

One day the numbers reflect the end to the recession is near, then even the same day we get a report that is pretty negative. Its a roller coaster of opinions and figures that can change hourly, as evidenced some days by the stock market. How uncertain is the market these days. 

Just yesterday an AP story headline ran, "RECESSION MAY BE NEAR BOTTOM, NEW DATA SUGGEST". Sounds promising, so I eagerly anticipated reading a positive article. After all I, like most of us, am quite exasperated reading and listening to some of the voices of doom. The article was positive, although a little cautious. No one is really brave enough yet to go out on a limb and proclaim the recession is over. The positive news is that orders to American factories surged last month for everything from computers to aircraft and that a gauge of  business investment rose by the most in nearly five years. That's very good. Also orders for non-defense capital goods jumped 4.8 percent, the largest increase since September 2004. This is very good as well. Like all good news these days, it can be followed by some not so good news the following day or two. I am on the lookout.

If someone is looking to invest, the stock market is definitely still a bit shaky, so investors are starting to look at real estate again. Dont let the negative publicity dissuade you, foreclosures and short sales are the reason there are some amazing deals out there. Check out the savings at The Ridges at Tellico Lake, the gated community located at the foothills of the Great Smoky Mountains. They are offering up to 40% off on home site packages. This is a huge savings on large estate size home sites, with spectacular mountain and lake vistas.

For more information about these packages and fractional ownership opportunities please visit www.theridgesattellicolake.com or call 1-877-Tenn-A-See (836-6273)

Cherokee National Forest - Eastern Tennessee

With its cascading waterfalls, winding paths and richness of plant and wildlife the Cherokee National Forest has much to offer. Located in Eastern Tennessee, with the Great Smoky Mountain National Park as its neighbor Cherokee consists of 640,000 acres, the largest tract of public land in Tennessee. Named for the Cherokee Indians who made their ancestral homeland in this area the Cherokee National Forest is now home to over one million visitors each year. Originally created nearly 100 years ago to protect water quality and to provide a continuous supply of timber.

Today the Forest is rich with plant and animal life, with over 20,000 species. Visitors enjoy not only the natural beauty of this pristine forest but also the world class recreational and outdoor activities, fishing the Tellico, biking, kayaking the Ocoee and hiking the Appalachian Trail.

Easy access to the Cherokee National Forest is one reason people are either buying second or vacation homes, or retirement homes nearby. Eastern Tennessee has become a second home destination for people wanting to escape to the beauty of the mountains and solitude it brings.

The Ridges at Tellico Lake, a gated community with large estate size home sites is located a short drive from the Cherokee National Forest. The developers selected a location that provides a mountain living lifestyle second to none. Sweeping mountain vistas, world class outdoor activities and close proximity to the lakes and mountains as well as the nearby city of Knoxville has to offer.

For more information about lot sales, home sales and fractional ownership sales from $149,000 please visit www.theridgesattellicolake.com or call 1-877-Tenn-A-See (836-6273).

What Do Buyers Look For in a Second or Vacation Home

The prospective second home or vacation home buyer is looking for information other than cost and amenities when selecting their destination. There are many other factors involved in the purchase. If they view their vacation home as a possible retirement location there are very important statistics and information they need to know. They are interested in the area's growth and future home appreciation history. Also, important is the area's environmental information. Is the surrounding area safe from pollutants, etc.? Other key elements they need to know, before they can make a decision is the proximity of medical care, shopping entertainment, restaurants, museums, education opportunities, attractions, transportation including airport access. Close proximity to the children and grandchildren is a key factor, as well.

Every developer needs to consider these factors when planning the location of their communities. The developers of The Ridges at Tellico Lake, took their very unique location into consideration when they planned this gated community. Located at the foothills of the Smoky Mountains on Tellico Lake the property is just a short drive to Gatlinburg and the gateway to the Great Smoky Mountain National Park and a short drive to Knoxville, where the arts, great restaurants, theater and movies are easily accessible, as is McGhee Tyson Airport. Even closer are fine medical facilities, local attractions and exceptional recreational activities, fishing, boating, hiking, golf and much more.

For more information about purchasing home sites, homes and fractional ownerships, starting at $149,000 please visit www.theridgesattellicolake.com or call 1-877-Tenn-A-See (8366273)

Who is Buying Second Homes Today

The second home market, after taking a hit over the last couple of years is making a comeback. There are some wonderful deals out there and the savvy buyers are starting to make their move.

The profile of the second home or vacation home buyer that intends on using their home for family vacations is 46 years old. The average second home buyer, purchasing for investment purposes is just a little older, 47 years old. This age is the peak earning years, and they are thinking of retirement in 10-12 years. 30% of the vacation home buyers paid cash in 2008, while 40% of the investment home buyers paid cash. 

1.1 million wealthy Americans will be in the market for a second home this year. While the economy is still soft, the fractional second home market should be a huge incentive for these wealthy Americans. They can still purchase the quality and luxury they are accustom to and save hundreds of thousands of dollars. It may be smart in today's market for them to purchase two fractional vacation homes in two different geographical areas to maximize their value and enjoy both a beach and mountain getaway each year. Only 6 out of 10 are even familiar with fractional ownership.

There are many websites that focus on fractional ownership and its benefits. One gated community in the foothills of the Smoky Mountains, The Ridges at Tellico Lake is offering two spectacular homes at huge fractional savings. The savings with fractional ownership over sole ownership for a 4,000 square foot home is over $850,000. For more information please visit www.theridgesattellicolake.com or call 1-877-Tenn-A-See (836-6273).

Fractional Ownership as Smart, Green Ownerhsip

There is much more to fractional ownership than just saving a fortune, although you will save a hundreds of thousands of dollars. Fractional ownership of a luxury second or vacation home is both a smart and "green" thing to do. The average usage of a vacation property is just 3 weeks.

That leaves the property empty for 49 weeks every year. With sole ownership you pay 100% of the cost of purchase and 100% of the maintenance and upkeep cost, and use the property only 6% of the time. This is year after year of ownership. This is why fractional ownership is such a smart idea, and how is it green? Vacation homes have always been regarded as less green than primary residences because even when the owners are not at their second home site, these homes are burning energy. So the same family is burning energy in two homes at the same time.

So why would you want to waste money and energy when with a fractional ownership you can share the costs and increase efficiency. With a luxury home like the gorgeous 4,000 square foot fractional ownership home found at The Ridges at Tellico Lake, you literally save nearly a million dollars on the purchase price and will save tens of thousands over the years on maintenance and upkeep. You can buy a vacation home for 1/6th of the price and still enjoy absolute luxury and world class amenities.

For more information about the fractional homes for sale at huge savings and how you can own a beautiful home in the foothills of the Smoky Mountains for far less than every imagined please visit www.theridgesattellicolake.com or call 1-877-Tenn-A-See (836-6273)

How Popular is Fractional Ownership Getting?

The Ritz-Carlton just announced another fractional ownership resort, the first of its kind at Kapalua Bay on Maui in Hawaii. Sixty two condos have been designated for fractional ownership on this beautiful 24 acre resort. This brings the total number of Ritz-Carlton fractional destination resorts up to nine. Along with the Hyatt, Marriott and many other upscale resort destinations the future of fractional ownership seems very bright.

Luxury fractional ownership destination clubs and single family homes are popping up all over the world, from Paris to Hong Kong, from Australia to Dubai, from the Caribbean to Thailand, from Aspen to New York City. There is a fractional ownership opportunity anywhere vacationers wish to go.  

A new and exciting fractional market has opened up with great enthusiasm and response. Many people enjoy the condo lifestyle, the carefree aspect of owning and vacationing in a no maintenance condominium. How about receiving the same quality of luxury and carefree living, no maintenance ownership offers,  but also add the privacy and  space of a luxury free standing home. Within the fractional market that is the best of all worlds.

The Ridges at Tellico Lake is offering that unique opportunity. Two luxury log and timber mountain homes in a gated community are being offered as fractional ownership. Award winning floor plans and up to 4,000 square feet of mountain living  with spectacular mountain and lake views, owners will enjoy the privacy and serenity of owning at The Ridges at Tellico Lake.  Own a fantastic Smoky Mountain home for a fraction of the cost.

For more information please visit www.theridgesattellicolake.com or call 1-877-Tenn-A-See (836-6273)

Is it Time to Jump Back into Investing in Land?

The stock market as volatile as ever. Even though it has shown signs of recovery over the past three months, there still remains much pessimism and doubt whether it can sustain its rapid rise.

Investor confidence in the market isnt exactly at its highest point. Many investors are still very nervous about the shape of the overall economy and wonder if the stock market is the best place to invest.

For years land was a safe, and good solid investment. Land prices increased at a very sold rate for many years. With the slowdown in the economy and real estate market many investors disappeared from land investing. Although holding land proved to be a much better position than holding homes, there was a big drop in sales. Nothing can really happen to land, compared to owning investment homes, which was a much larger original investment. Prices have come down and we are now seeing investors jumping back in the real estate market. They are looking for bargains and they are getting bargains. Homes have been reduced nearly 50% in many areas, and although land pricing has not seen the same drop in pricing there are some excellent deals out there for the investor.

One such land opportunity is very interesting - The Ridges at Tellico Lake, a gated community in Tennessee is offering four different home site packages, that offer a discount on home site purchases of up to 40%. These are premium home sites, large estate size, up to 3 acres in size, with spectacular views of the Great Smoky Mountains and Tellico Lake. Just 30 minutes from Knoxville and airports this is an ideal second home vacation opportunity. Infrastructure is in and these lots are ready to go.  The packages come in either 4,5,7 or 9 investment packages.

For more information on The Ridges at Tellico Lake, visit www.theridgesattellicolake.com or call 1-877-Tenn-A-See (836-6273).

Has The Economy Started to Rebound?

Has the frightening spiral that began in September of 2008 finally stopped, and are we showing signs of a turnaround? The turnaround has been described as a big ocean liner, that can not physically make a sharp turn, but turns in a big wide arc, and we are somewhere on that arc.

Many economists, the majority, have stated that the recession we are in will be over toward the end of 2009, and that we should expect to see growth beginning winter, 2010. 

One area where we do see change already is in the real estate market. A report that came out June 16,2009 shows new signs the economy is actually stabilizing. Nationwide, the building of new homes and apartments increased 17.2% and building permits rose 4%. These are not huge increases, but I think everyone should be encouraged that things are definitely improving.

In some markets things are improving at significant rates. The Southwest Florida market, which includes Naples is showing a remarkable recovery. The Naples area is enjoying its best year since 2005. Here are a few numbers that show a significant change in sales and pending sales. May, 2009 sales units are up 16% over May, 2008. Year to date May, 2009 closed units are up 21% over YTD from May, 2008. Although median sale prices are down, this is what is driving sales and pending sales, and lowering inventory. As inventory lowers prices will go up. Pending sale units for May this year are up 43% from the same period last year, and YTD are up 69% over the same period last year. There has been an 11% decrease of inventory since last year.

The Naples area was one of the first to get hit with the real estate slow down, so it makes sense it would be the first to come back. Another area that was hit at the beginning was the mountain resort, home and land purchasing market in North Carolina, Georgia and Tennessee. This market is primed and ready to come back strong. Many builders and developers have taken this time to get their communities in shape, models built and are ready for the turnaround. 

One such community is The Ridges at Tellico Lake, a private gated community located at the foothills of the Great Smoky Mountains in eastern Tennessee. Their infrastructure is in and they have built and furnished two gorgeous models ready for viewing and purchase. 

There are some areas and cities of the country that will take a very long time to recover, but even some of those have shown signs of life. Even in Detroit which has suffered greatly, is finding many investors coming in and purchasing homes, 10 or 15 at a time.

The destinations such as Naples or a beautiful mountain property such as The Ridges at Tellico Lake should be the quickest to turn around because these locations are in such high demand. 

Beach and Mountain properties tend not to rely on the same economic measure as other areas.

For more information about The Ridges at Tellico Lake please visit www.theridgesattellicolake.com or call 1-877-Tenn-A-See (836-6273).

Mountain Living near Knoxville - The Best of Both Worlds

Why is the current trend for baby boomers moving, retiring, or semi-retiring to a location that is near a college town, yet far enough away to enjoy the solitude of a mountain or country home.

The attraction to college towns is a love for cultural events, musical performances, theater, movies, art galleries and museums and just the ambiance of the cafes and energy that the students bring to a city. A city such as Gainesville in Florida or Knoxville in Tennessee, where two great universities are located depend greatly on the cooperation with their respective universities, to bring cultural activities to all residents of the city. 

The Knoxville music scene is described as "We've got it all".  From live music at the Tennessee and Bijou theaters to underground superstars at The Corner Lounge or The Pilot Light, from jazz to fusion, Knoxville's dynamic music scene is fun for everyone. With over 100 galleries, ranging form Appalachian crafts to African and other world cultures the Knoxville art scene is strong and vibrant. The citizens of Knoxville are great supporters of the arts and realize the importance of the arts in Knoxville's growth. 

There's something for everyone in Knoxville, from University of Tennessee sporting events, riverboat cruises, a world-class zoo, Knoxville Museum of Art, Women's Basketball Hall of Fame, and so much more.

And within a 30 minute drive is the fabulous Smoky Mountains, where many "boomers" are finding the perfect home.  The Ridges at Tellico Lake is one of those rare communities that are within a short drive of Knoxville, yet far enough way to enjoy the spectacular views of lakes and mountains and the peace and tranquility of living in the Great Smoky Mountains. James Mann, developer of The Ridges at Tellico Lake says, "We do have the best of both worlds here. We have this beautiful setting, Tellico Lake and all the amenities of a first class community, yet we are just a short drive to one of the best cities in America...what more could someone ask for."

The Ridges at Tellico Lake is offering home sites, and fractional ownership of gorgeous luxury log and timber homes, built by one of the best home builders in America. Fractional ownerships start at just $149,000. For more information please visit www.theridgesattellicolake.com or call 1-877-Tenn-A-See (836-6273)

How is Fractional Ownership different than Timeshare?

Many people have the  misconception that fractional ownership is the same as a timeshare. Actually there is a very big difference. Fractional ownership is deeded equity ownership. The typical fractional property is much more luxurious and larger than a timeshare. It is usually much easier to acquire financing, and fractional ownership offers much more flexibility and is considered an equity purchase.

How many weeks do I get?

The number of weeks each share owns depends on the amount of shares being offered - Unlike a timeshare which can typically be one or two weeks, a fractional can easily be from 6-8 weeeks minimum. Those weeks are split during the seasons, so the different seasons can be enjoyed.

What are other benefits of fractional over timeshare?

There are many. You may sell your fractional share at any time and at a profit. The flexibility of fractional options is much greater than timeshares. You can fractionally own luxury single family vacation homes. For example, The Ridges at Tellico Lake in the Smoky Mountains of Tennessee are offering two homes for fractional use. Both luxury homes built by one of the premier log home luxury home builders in the United States. They are 2,500 and 4,000 square feet in size, afford spectacular mountain and lake views and are both appointed with outstanding interior features. A 1/6th share is available from $149,000. This means you save over $850,000, to enjoy the same luxury and the same usage as sole ownership.

This is why fractional owners are calling this type of ownership - Smart Ownership.

You have none of the maintenance and none of the headaches that come with sole ownership.

For more information about the beautiful homes at The Ridges at Tellico Lake, visit www.theridgesattellicolake.com or call 1/877-Tenn-A-See (836-6273)

Why is Fractional Ownership the Smart Second Home Buying Option?

Why is it smart not to spend more than you have to ?

Why is it smart to enjoy absolute luxury for a fraction of the cost?

Why are so many second home buyers purchasing fractional homes?

Sole ownership of a luxury home used as a second home, or a vacation home is expensive. One pays full price and is responsible for all maintenance, repairs, etc. The home typically sits empty for at least 10 months of the year, as the average stay in second homes is 6 weeks per year. So why not share the costs and avoid the headaches of maintenance, cleaning, etc. Its all included.

The fractional luxury market is growing at a record pace, even in challenging economic times, because it is the smart way to own. From its humble beginnings fractional ownership has gone mainstream, and not just for resort communities. A very large section of the fractional market is now luxury single family homes. Imagine a vacation home, over 4,000 square feet of true luxury, a home valued over a million dollars, with fractional shares less than $200,000, and no maintenance or the headaches that can accompany sole ownership. Its a no brainer. Fractional, the wave of the future is here now.

At The Ridges at Tellico Lake, a lovely gated community in the gorgeous Smoky Mountains of Tennessee there are two fractional opportunities available. Both beautiful homes nestled within the foothills offer spectacular views of mountains and lake, and the quiet solitude of a mountain retreat. A 1/6 share of the 4,000 plus square foot log and timber masterpiece, which gives each owner a minimum of two months, costs just $149,900. Now you can see why fractional is called "fractional" - You will enjoy the same luxury, for the same amount of time and save over $850,000. You are purchasing for a fraction of the cost. Many of the chores and time consuming responsibilities of sole ownership are a thing of the past. You will have more time to enjoy the natural beauty of the Great Smoky Mountains. You'll have more time to play golf, hike, boat, fish and relish in the glorious vistas from the balcony of your mountain retreat.

For more information regarding the fractional opportunities at The Ridges at Tellico Lake, please visit www.theridgesattellicolake.com or call 1-877-Tenn-A-See (836-6273)

Why Fractional Ownership of Mountain Homes

Why are more and more people today, especially in more challenging economic times looking at and purchasing luxury homes with fractional ownership. Fractional ownership is not only the smart way to purchase beautiful homes, but there are many different types of fractional ownership, from jets and yachts, to vacation properties, exotic cars and even race horses, that are becoming more and more popular.

Fractional ownership is an attractive option to the luxury market with four star resorts throughout the world, including the Ritz Carlton properties and many of the finest resorts offering beach and ski amenities.

For a fraction of the cost you can own a luxury property, and not have the headaches of sole ownership. It is the smart move for everyone seeking a second home. Why pay for more than you use, and for the home to sit empty for 10 months?

Fractional ownership dates back to 1964, when a group of prominent individuals, including General LeMay, Arthur Godfrey and the legendary actor James Stewart joined together to create Executive Jet Aviation. Even though these individuals could afford sole ownership of a jet, they saw both the benefit and common sense approach of fractional ownership of a jet. This company flourished and evolved into Netjets, branching out to reach corporate executives and wealthy individuals. Netjets was purchased by Warren Buffet's Berkshire Hathaway, Inc for $725 million in 1998.

From that first step taken with fractional ownership millions of people today share the same concept. Whether its a Lamborghini, a luxury island condo, or a magnificent mountain retreat 

the concept of fractional ownership is seen today as a superb alternative to second home buying. You dont sacrifice luxury, and in most cases you can enjoy a level of luxury that may have seemed too costly.

A popular fractional ownership concept today is the luxury home. The Ridges at Tellico Lake, a gated community located in the Smoky Mountains of Eastern Tennessee is offering two new gorgeous mountain homes as fractional ownership. Up to 4,000 square feet of absolute luxury with spectacular mountain vistas, these homes offer the opportunity to purchase at just a fraction of the cost, starting at just $199,000.

For more information about fractional living and these homes visit www.theridgesattellicolake.com or call 1-877-Tenn-A-See (836-6273).

Happy 75th Great Smoky Mountain National Park

June 15, 2009 marks the 75th birthday of the most visited National Park in the United States.

The 520,000 acre preserve will host a huge celebration including the Knoxville Symphony concert and Senator Lamar Alexander. The park which straddles the Tennessee, North Carolina border attracts more than 9 million visitors a year, twice as many as any other national park.

President Franklin Roosevelt dedicated the park in 1940 and stated, "We shall conserve these trees... the trout and the thrush for the happiness of the American people". Its has been the goal of the park managers to keep that promise and to keep the forest similar to the way it looked when Native Americans used the land. The parks is home to 100,000 species of plants and animals, including elk, black bear and trout.

The area around the park has grown rapidly over the past few years. Tellico Lake in Eastern Tennessee is now home to many lovely communities, that have taken great care to preserve the natural beauty of the area. James Mann, one of the developers of a nearby community, The Ridges at Tellico Lake says what attracted him to the area was the beauty and history of the Great Smoky Mountains. "Having this gorgeous national park near our community is a great attraction for our buyers. Just a short drive away and they are in an American treasure. Our community offers spectacular views of the Smoky Mountains from our homes. If it were not for the vision of the people that worked so hard to preserve our heritage, the beauty of our community and the area would not be here today", states Mann.

We offer large estate size home sites and fractional ownership of gorgeous log and timber homes, that blend in with the environment and offer fantastic views of the majestic Smoky Mountains of Eastern Tennessee. The location of our site and the Great Smoky Mountain National Park is perfect for families from all over the east, south and midwest. Within a days drive of the entire region, its natural beauty and great history it is no wonder the park is America's number one national park attraction", adds Mann.

For more information about the Ridges at Tellico Lake, please visit www.theridgesattellicolake.ocm or call 1-877-Tenn-A-See (836-6273)