Home values have softened over the last twelve months. We are no longer seeing 6-7% annual appreciation levels for the national housing market. The current numbers are closer to 4%. Some have suggested that year-over-year appreciation levels could fall to 3% or less this year. However, a stronger-than-expected economy and a good spring housing market […]
April Knoxville Area Housing Market Snapshot
Here’s how the current real estate market is doing through the end of April, all around Knoxville, compared to last year (including Knox County, Loudon County, Anderson County, Blount County, Monroe County, and Roane County.) Remember, real estate is hyper-local, meaning your county may show one thing but your specific subdivision or home may be […]
A Tale Of 2 Knoxville Real Estate Markets: Luxury vs. Starter/Trade-Up
Some Highlights: An emerging trend in Knoxville for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices! Inventory in Knoxville continues to rise in the luxury and premium home markets […]
2 Current Trends Helping To Keep Knoxville Housing Affordable
Two positive trends have started to emerge that impact the 2019 Spring Housing Market. Mortgage interest rates for a 30-year fixed rate loan have dropped to new lows, right as reports show that wages have increased at their highest rate in decades! These two factors have helped keep Knoxville housing affordable despite low supply of […]
Wondering Where All The Missing Houses Are? I Think We Found Them!
There has been a great amount written on millennials and their impact on the housing market. However, the headlines often contradict each other. Some claim this generation is becoming the largest share of first-time home buyers, while others claim millennials don’t want to own a home, blaming them for the dip in homeownership rate. While […]
Buyer Demand Surging in Knoxville as Spring Market Begins
Last fall, some predicted that the 2019 residential real estate market would be a disaster. There was even belief we might experience a housing crash like the one that occurred during the last decade. However, according to two separate reports*, buyer demand dramatically increased over the last three months, leading into this spring buyers’ market […]
Are These Low Mortgage Interest Rates Here To Stay?
Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates came in at 4.12% last week! This is great news for anyone who is planning on buying a home in Knoxville this spring! Freddie Mac had this to […]
March Knoxville Area Housing Market Snapshot
Here’s how the current real estate market is doing through the end of March, all around Knoxville, compared to last year. Remember, real estate is hyper local, meaning your county may show one thing but your specific subdivision or home may be doing something completely different. Contact me for a personal analysis! Here is […]
4 Reasons To Buy A Home This Spring In Knoxville
Spring has sprung in Knoxville, and it’s a great time to buy a home! Here are four reasons to consider buying today instead of waiting. 1. Knoxville Home Prices Will Continue to Rise CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 4.4% nationally over the last 12 months. The same report predicts […]
February Knoxville Area Housing Market Snapshot
Here’s how the current real estate market is doing all around Knoxville. Remember, real estate is hyper local, meaning your county may show one thing but your specific subdivision or home may be doing something completely different. Hit me up for an analysis! Here is what is happening in the West Knoxville/Farragut real estate market. […]
Why an Economic Slowdown Will NOT Crush Real Estate this Time
Last week, the National Association for Business Economics released their February 2019 Economic Policy Survey. The survey revealed that a majority of the panel believe an economic slowdown is in the near future: “While only 10% of panelists expect a recession in 2019, 42% say a recession will happen in 2020, and 25% expect one in 2021.” Their […]
Data Confirms That Now Is a Great Time to Sell Your Home in Knoxville
Heading into the spring buying market, there are strong trends starting to emerge. The inventory of homes for sale has increased on a year-over-year basis for eight months in a row. Home price appreciation has continued to grow, although at a slower rate. The homeownership rate has reached heights last seen in 2014, with millennials […]
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