The prices at which sellers of Knoxville real estate are listing their homes is rising quickly. The year over year increase in the median list price of homes in Knoxville as evidenced by my research is 9.38%. However the telling factor is that the median increase that has been witnessed in the last month (between […]
Knoxville Real Estate Market Update for April 2014
A recent report by the National Association of REALTORS showed that the current national housing market is underperforming by historical standards, but where does Knoxville real estate stand? My research shows that in the four main categories (Sold Listings, Pending Listings, Active Listings, and New Listings), only one is showing positive signs here in the […]
The Hot Season To Buy Or Sell A Home In Knoxville Is Upon Us!
Whether you are in a warm weather market, cold weather market, or a high tourist seasonal market, you will see the hot time of the year to buy and sell a home ebb and flow throughout the year. There will be times of the year that will slow down and others will take off. Locally, […]
What Are The Recent Price Trends For Homes In Farragut?
The graphs below show the recent trends in average prices of homes in Farragut, Tennessee. By looking at the trends of active and sold homes in Farragut we can get an idea of whether prices are trending up or down. This first graph looks at the active homes for sale in Farragut and how their […]
Nice Gains for National and Knoxville Housing Market
According to CoreLogic’s latest housing report, national home prices made double-digit gains in 2013, increasing with the highest annual rate since 2005. While the Knoxville housing market didn’t see as dramatic an increase on average, we did move in the right direction with an overall 5% increase in the median sales price. CoreLogic’s chief economist […]
Movoto Ranks Farragut 5th Best Place To Live In Tennessee
Movoto recently ranked the best places to live in Tennessee. While compiling those rankings, Farragut came in as the 5th best place to live in Tennessee. Movoto cited these facts regarding Farragut’s high ranking: High median home values ($302,800) 95% high school diploma attainment rate High median income ($94,848) Low unemployment (3.3%) Other factors that […]
Mortgage Lenders in Knoxville Accepting Smaller Down Payments
With rising interest rates and less people looking to refinance, mortgage lenders in Knoxville are putting more of a focus on securing home loans and loosening some of the lending guidelines for approval as bait. According to a recent report by LendingTree, the average down payment for a 30 year fixed rate mortgage dropped 2.74% […]
Real Estate In The Year Ahead… What To Expect
Whether you currently have your Knoxville home on the market, are planning on selling in the future, are searching for a home in Knoxville, or plan to be, knowing what the real estate landscape will look like in the year ahead can help you make a plan. What can we expect moving forward for the […]
Is the appeal for types of neighborhoods in Knoxville changing?
Is the appeal for types of neighborhoods in Knoxville changing? A recent study by the National Association of REALTORS shows that more and more Americans are showing a preference for walkable neighborhoods that combine a mix of homes and stores. The survey actually shows that your typical suburban neighborhood, with just homes, is the least […]
Signs That The National Housing Market Is Performing Well
Even with the rising interest rates of late (although the good news at the time of this writing is that this week rates have actually decreased to a four month low), the national housing market seems to be performing rather well. According to the HousingPulse Tracking Survey by Campbell Surveys and Inside Mortgage Finance, although […]
Mortgage Rates Drop Significantly After Jobs Data Report
Mortgage rates fell fast yesterday, after the “Employment Situation Report” showed a less than rosy picture for labor markets. The report, which was originally scheduled for October 4th, was delayed due to the government shutdown. Conforming 30yr Fixed rates dropped down to 4.125% for many borrowers depending on the scenario, though some lenders remain at 4.25%. Weak economic […]
Real Estate Update – What’s happening in the Housing Market
Recently released reports show that July new home sales were down over 13% month to month, but existing home sales increased a healthy 6.5%. Why there is such a big difference? The reason is that new home sales are based on signed contracts in July and the existing home sales numbers are based on closings […]