865 Real Estate

East Tennessee Real Estate & Neighborhood Source

Home Sales Up Year Over Year (INFOGRAPHIC)

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Some Highlights This is the 48th consecutive month with year-over-year price gains. Lawrence Yun, NAR’s Chief Economist says that, “The main issue continues to be a supply & affordability problem. Finding the right property at an affordable price is burdening many potential buyers.” Inventory is still below historic norms at a 4.4 month supply.

Existing Home Sales Jump in December

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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 […]

Home Sales Reportedly Dropped Last Month. Is That Accurate?

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Last week, the National Association of Realtors (NAR) released their latest Existing Home Sales Report which covered sales in November. The report revealed that sales: “…fell 10.5 percent to a seasonally adjusted annual rate of 4.76 million in November (lowest since April 2014 at 4.75 million)…” That report gave birth to a series of industry articles, […]

Buying A Home Does NOT Have To Be Scary

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As we enter this spooky time of year, find out how buying a home in Knoxville can be scary, unless you know the facts. Knowing the facts (and not the myths) about buying a home can turn you from scared into fearless. Watch the video above to learn the truth about: Down Payment, Credit Score, […]

Foreclosed Homes Hit Lowest Mark in 7 Years

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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 […]

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

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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!

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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

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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 […]