Why You Shouldn’t Take Your Home Off the Market During the Holidays

  If you are one of the many homeowners who is debating taking your home off the market for the next few weeks, don’t! You will miss the great opportunity you have right now! The latest Existing Home Sales Report from The National Association of Realtors (NAR), revealed that the inventory of homes for sale […]

Where Are Home Values Today Compared To The Peak in 2008?

This housing market has many people talking about home values; where they are and where they are headed. It’s also interesting to look back and see how home prices compare to values prior to the housing crisis. Every quarter, Freddie Mac releases their House Price Index. The index usually provides monthly home values for: the […]

Home Sales Are Up In All Price Ranges Above $100,000!

The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure. Homes priced between $100-250K showed a modest increase at 3.4%. This not only points to the lower inventory of homes available for sale in this price range but also […]

Is Now The Right Time To Put Your House On The Market?

Last week, the National Association of Realtors (NAR) released their Pending Home Sales Index, a forward-looking indicator of home sales based on contract signings. The report revealed that this May’s numbers weren’t quite as good as the year before: “With last month’s decline, the index reading is still the third highest in the past year, […]

Housing Recovery Picks Up Steam According to WSJ

Yesterday, I ran a post quoting major housing experts on the increasing strength of the U.S. housing market. I was pleasantly surprised that, on the same day, the Wall Street Journal decided to run a front page story titled, “Housing Recovery Picks Up Steam” (article available to WSJ subscribers). The first paragraph of the article says […]

Affordability May Not Be This Good For Too Long. It’s Time To Buy!

Now that the housing market has stabilized, more and more homeowners are considering moving up to the home they have always dreamed of. Prices are still below those of a few years ago and interest rates have stayed near historic lows. Sellers should realize that waiting to make the move when mortgage rates are projected […]

Existing Home Sales Jump in December

The National Association of Realtors (NAR) just released their latest Existing Home Sales Report on Friday. Sales of existing homes rose by the largest increase ever recorded as they rebounded 14.7% over November’s numbers and now stand at 7.7% higher than a year ago. While this is great news for the housing market, there is […]

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 […]

Thinking of Selling A Home in Farragut in 2015? Opportunity Knocks!

Everyone selling a home in Farragut or Knoxville wants to get the best price for their house. Way back in high school we learned in Econ, that the best price for any item will be determined by the demand for that item relative to the supply of that item. If you’ve read my previous articles you […]

3 Questions To Ask Yourself Before Buying A Home in Farragut

Have you been kicking around the idea of buying a home in Farragut or Knoxville?  If you are, I’m sure you are getting lots of advice. Friends and family, who no doubt have your best interests in mind, can be a great resource to bounce ideas off of, but they might not be fully aware […]

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 […]