Are you a homeowner considering selling your house? Wondering if it’s the right time? Well, here’s some good news: despite higher mortgage rates, buyer traffic is on the rise. Recent data from the ShowingTime Showing Index, which measures buyers actively touring homes, reveals a significant increase in buyer demand over the past few months. Even […]
MARCH 2023 East Tennessee & Knoxville Housing Market Update
Knoxville Real Estate Market Shows Signs of Growing Beyond Its Affordable Reputation The Knoxville real estate market has always been known for its affordability, but new data shows that the city’s median listing price is now higher than the national average. This suggests that the competitive advantage of Knoxville’s affordability may be slipping away, making […]
Why A Smaller Home in East Tennessee May Be The Best Fit
When it comes to buying a home in East Tennessee, bigger isn’t always better. In fact, there are many advantages to purchasing a smaller home that can make it a wise financial decision.One of the most significant benefits of buying a smaller home is the cost savings. Smaller homes in Knoxville generally have lower utility costs, […]
Why Buying a Home in East Tennessee Is a Sound Decision
If you’re thinking about buying a home, you want to know the decision will be a good one. And for many, that means thinking about what home prices are projected to do in the coming years and how that could impact your investment. This year, nationally, we aren’t seeing home prices fall dramatically. Locally, […]
The Perks of Putting 20% Down When Buying a Home in East Tennessee
If you’re thinking of buying a home in East Tennessee, you’re probably wondering what you need to save for your down payment. Is it 20% of the purchase price, or could you put down less? While there are lower down payment programs available that allow qualified buyers to put down as little as 0%, it’s important to […]
East Tennessee Homebuyers: Be Ready To Act This Winter
To succeed as a buyer in today’s East Tennessee market, it’s important to understand which market trends will have the greatest impact on your home search. Danielle Hale, Chief Economist at realtor.com, says there are two factors every buyer should keep their eyes on: “Going forward, the conditions buyers face are primarily dependent on two things: mortgage rates and […]
Knoxville, Tennessee ranks in the Top 10 Housing Market “Hidden Gems” in 2022
The National Association of REALTORS identified 10 housing markets as “hidden gems” that are expected to experience stronger price appreciation relative to other markets in 2022. In alphabetical order, the markets are as follows: – Dallas-Fort Worth, Texas– Daphne-Fairhope-Farley, Alabama– Fayetteville-Springdale-Rogers, Arkansas-Missouri– Huntsville, Alabama– Knoxville, Tennessee– Palm Bay-Melbourne-Titusville, Florida– Pensacola-Ferry Pass-Brent, Florida– San Antonio-New Braunfels, […]
Advice for First-Generation Homebuyers in East Tennessee
The sense of pride you’ll feel when you purchase a home in East Tennessee can’t be overstated. For first-generation homebuyers, that feeling of accomplishment is even greater. That’s because the pride of homeownership for first-generation buyers extends far beyond the homebuyer. AJ Barkley, Head of Neighborhood and Community Lending for Bank of America, says: “Achieving this goal […]
Will Home Prices Drop in East Tennessee in 2022?
If you’re thinking of buying a home in East Tennessee in today’s housing market, you may be wondering how strong your investment will be. You might be asking yourself: if I buy a home now, will it lose value? Or will it continue to appreciate going forward? The good news is, according to the experts, […]
If You Think the East Tennessee Housing Market Will Slow This Winter, Think Again
From the opportunity to take advantage of today’s low mortgage rates to changing homeowner needs, Americans have more motivation than ever to buy a home in East Tennessee. According to the experts, buyers are making moves right now, creating an unseasonably strong housing market for this time of year. As we wrap up the fall season and move into the […]
2 Reasons Why Waiting To Buy a Home in East Tennessee Will Cost You
If you’re a homeowner who’s decided your current home no longer fits your needs or a renter with a desire to become a homeowner, you may be hoping that waiting until next year could mean better market conditions to purchase a home. To determine whether you should buy now or wait another year, you can […]
How Smart Knoxville Home Buyers Are Approaching Rising Mortgage Rates
Last week, the average 30-year fixed mortgage rate from Freddie Mac inched up to 3.1%, and experts project rates will continue rising through 2022: “The 30-year fixed-rate mortgage was 2.9% in the third quarter of 2021. We forecast mortgage rates to increase slightly through the remainder of the year and reach 3.0%, rising to 3.5% for full year 2022.” If […]
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