According to the National Association of REALTORS, the national median home price saw the strongest year-over-year increase in seven years as a growing number of metropolitan areas posted higher median values in the fourth quarter of 2012. What are the factors causing the price increases of today’s real estate in Knoxville and beyond? 1) Attractive affordability conditions: […]
Knoxville Real Estate: Fannie Mae National Housing Survey Results
The most detailed survey on the attitudes of consumers of its kind, the Fannie Mae National Housing Survey polled 1,003 Americans via live telephone interview to assess their attitudes toward the housing market and overall consumer confidence. Troy Stavros, Broker and Partner with the 865 Real Estate team stated, “We see, on a daily basis, […]
Where Are All The Houses? The Reasons Behind Shrinking Inventory
Troy Stavros, Broker and Partner with the 865 Real Estate team states, “The old adage of supply and demand is at it again. Home prices are on the rise because the number of Knoxville homes for sale continues to dwindle.” According to the latest research numbers from the National Association of Realtors, the inventory of homes for […]
News Flash: Your Home’s First Showing is Online!
A recent cooperative study released by The National Association of Realtors and Google shows how people search for homes on the Internet and the importance of online first impressions. In “The Digital House Hunt: Consumer and Market Trends in Real Estate,” we are able to see the amazing impact and effect digital media is having […]
Knoxville Real Estate: What did it take to get a mortgage in 2012?
No doubt the majority of buyers searching Knoxville homes for sale will need to secure a mortgage. While lending standards have been strict it hasn’t slowed the Knoxville real estate market. The following infographic from mortgage lending services provider, Ellie Mae, shows us what it took to get a mortgage in 2012.
Fiscal Cliff Avoided, But What Does It Mean For Knoxville Real Estate
What the latest steps to avert the fiscal cliff mean to the Knoxville real estate market. In order to avoid the fiscal cliff, a budget package was passed by the U.S. Congress on New Years Day. Implications for homeowners and the Knoxville real estate market include: tax rates remaining the same for most households and the extension […]
Knoxville Real Estate: How will the Fiscal Cliff effect Housing?
Many experts have voiced that implications of the fiscal cliff will lead to changes in homeownership tax provisions and a recession. Troy Stavros, Broker and Partner with the 865 Real Estate team stated, “Although the recovering housing market has made strides towards normalcy this year, these implications will likely undo gains made in one of […]
Knoxville Real Estate: Visions from the Real Estate Crystal Ball for 2013
Troy Stavros, Broker and Partner with the 865 Real Estate team stated, “As we look into our crystal ball at what we project 2013 to look like, it has positives and negatives for both buyers and sellers of Knoxville real estate. The good news for everyone is that, unless we fall of the fiscal cliff or […]
Knoxville Real Estate: Two Positive Housing Predictions for 2013
On December 10th, mortgage giant, Freddie Mac released it’s U.S. Economic and Housing Market Outlook for December. The report looks ahead to 2013 and gives us a prediction as to what can be expected in the housing market. Coming off many consecutive months of positive news, the outlook is that the housing market will continue […]
Knoxville Real Estate: Top 2 Reasons for Rising Home Prices
Every week it seems, there is more news that home prices are increasing on a national level. Knoxville homes for sale are definitely following suit. The 865 Real Estate team, the leading Knoxville real estate team at Gables & Gates, REALTORS recently discussed with their clients the top 2 reasons why we are seeing home prices increase. Troy Stavros, […]
Knoxville Real Estate: National Housing Market Predictions
Troy Stavros, Broker and Partner with the 865 Real Estate team stated, “Whether it is when we are working with buyers looking at Knoxville homes for sale, speaking with our current sellers, speaking with past clients or talking with complete strangers, the question always comes up… What is happening with Knoxville real estate and where do you see […]
Knoxville Real Estate and the new 3.8% Tax
You have no doubt heard about the 3.8% tax that is part of health care reform. There is a lot of misinformation floating around the web and in mass emails being shared. We want our clients to be informed so that they can put the rumors to rest about the infamous 3.8% tax. Here is […]