Foreclosed Homes Hit Lowest Mark in 7 Years

Some Highlights: The number of foreclosed in the US has fallen 28.9% to 472,000. Only 3.5% of homes in the US are currently in serious delinquency. The inventory level of foreclosed homes hit the lowest level since January 2008 at 1.2% of all homes with a mortgage. FIND OUT IN 15 SECONDS WHAT YOUR HOME COULD SELL […]

Home Prices and Sales are Rocketing Upward!

I hope you enjoyed a great 4th of July weekend! It turns out that along with the fireworks, home prices and home sales are shooting up just as dramatically. Some Highlights: Existing Home Sales are 9.2% higher than just one year ago. Home Prices are 7.9% higher than last year this time. The $250-500K price […]

You Do Not Need 20% Down or Perfect Credit To Buy A Home

Let me repeat… You do not need a 20% down payment or perfect credit to buy a home! A recent survey found that much of the American public is still misinformed about what is truly necessary to qualify for a home mortgage loan in today’s housing market. The two major misconceptions that the study pointed out […]

Summer Knoxville Real Estate Guides Are Now Available!

Hot off the presses! My Summer 2015 Knoxville real estate guides for both buying and selling a home in the current market, are now available.  These are full of great information to arm you with the knowledge to make an educated decision, whether you are considering buying or selling real estate in the Knoxville area. […]

INFOGRAPHIC: Historical Mortgage Rates Over Last 40 Years

The INFOGRAPHIC below charts the historical mortgage rates for 30 year mortgages over the last 40+ years. The 30 year mortgage rate is projected to increase by a full percentage point next year. The mortgage rate currently available is still well below the averages of the last 40 years.  If mortgage rates rise by a […]

INFOGRAPHIC: Current National Housing Market News

The INFOGRAPHIC below gives you a visual picture of the current national housing market news as reported in the recent Existing Home Sales Report. Have questions about the national or local Knoxville and Farragut real estate markets?  Contact me, Troy Stavros with Gables & Gates, REALTORS today at 865-236-1333 and I’d be happy to discuss […]

Knoxville and Farragut TN Real Estate Market Update – April

Here are the most recent (April) statistics for the Knoxville and Farragut TN real estate markets.   Here are the Knoxville TN real estate market stats through April.  The highlighted stats are: Median sold price of Knoxville homes in April = $150,000 Median list price of Knoxville homes in April = $179,900 Median days on the Market for Knoxville homes =  61 […]

Pending Home Sales Rise in Farragut TN, Knoxville and Nationally

The National Association of REALTORS® just released their latest Pending Homes Sales Index and it showed that homes going into contract in February increased to their highest level since June 2013. The Pending Home Sales Index is based on pending sales of existing homes and is a great indicator of the current market. A sale is considered pending […]

Knoxville and Farragut TN Real Estate Market Snapshot – March

Here are the most recent (March) statistics for the Knoxville and Farragut TN real estate markets. Here are the Knoxville TN real estate market stats for March.  The highlighted stats are: Median sold price of Knoxville homes in March = $153,000 Median list price of Knoxville homes in March = $159,900 Median days on the Market for Knoxville homes […]

How Buying A Home Now = Saving $100’s Of Dollars Month

Buying a home now may save you $100’s of dollars per month. This holds true for any buyer, but especially those who are not paying cash. The reason it effects those financing their new home, is that there are two factors that impact the amount of home you can afford. Those two factors are home […]

Home Price Trends in Farragut, Knoxville & Beyond

I recently wrote an article that talked about why homeownership far outweighs renting when it comes to building net worth and also posted another article about why a billionaire says buying a home to live it is the single best investment. One of the most important factors when seeing if owning a home is a […]

Knoxville and Farragut TN Real Estate Market Snapshot – February

Here are the most recent (February) statistics for the Knoxville and Farragut TN real estate markets. Here is a quick Knoxville TN real estate market snapshot for February.  The highlighted stats are: Median sold price = $150,000 Median list price = $155,000 Average days on the Market = 114 days Sold Listings = 878 New Listings […]

Home Depot & Lowes Know The Knoxville Housing Market!

You might be asking yourself, Troy, how can home improvement stores like Home Depot and Lowes know about the Farragut and Knoxville housing market?  Like any large corporation, those stores have financial officers and economists in place to help them make decisions about their business.  A recent Bloomberg business article reported that Lowes and Home Depot […]

Thinking Of Selling A Home In Farragut or Knoxville? HURRY!!

As I received the latest data on the 2015 housing market, one thing is for sure: If you are considering selling a home in Farragut or Knoxville, the time is now! Yes, existing home sales dropped in January compared to December. But, nationally if we compare the current September-January time period to the same period a year […]

Knoxville Home Sales – Winter Housing Market Update

You may have read some national headlines lately regarding the housing market, but how have Knoxville home sales fared? The National Association of REALTORS® recently released their Existing Home Sales report and like most typical news sources, many headlines are blowing January’s decline in home sales out of proportion to grab attention, without really looking at the […]