865 Real Estate

East Tennessee Real Estate & Neighborhood Source

How Are Knoxville Home Prices Up and Affordability as well?

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How are Knoxville home prices up and affordability as well? Recently released data from the July Existing Home Sales release published in late August states that median priced existing homes have increased in price by 9.4% from one year ago. With that being said, you as a Knoxville home buyer might ask yourself, have I missed […]

The trend continues with Knoxville mortgage rates hitting new lows

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The trend continues with average 30-year and 15-year Knoxville  mortgage rates moving even lower into record territory this past week, according to Freddie Mac’s weekly mortgage market survey. “With little signs of inflation and the Federal Reserve’s ‘Operation Twist’ keeping U.S. Treasury bond yields in check, fixed mortgage rates are remaining low and helping to […]

Troy Stavros of the 865 Real Estate team warns of Knoxville rental scams

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WVLT, Channel 8 news reporter Kyle Grainger speaks with Troy Stavros of the 865 Real Estate team regarding the current Knoxville rental scams that are predominant in today’s market.  Beware of rental ads that you see on Craigslist and even major websites like Trulia.com.  If they seem too good to be true, they typically are. […]

Knoxville Mortgage Rates Stay At All Time Lows

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Record-low Knoxville mortgage rates stuck around for another week, allowing Knoxville home buyers and refinancers to lock-in ultra low financing, Freddie Mac reports in its weekly mortgage market survey. Both the 30-year and 15-year fixed-rate mortgages matched their all-time lows. “Mortgage rates were virtually unchanged this week hovering at or near record lows and should […]

What are the experts saying about the latest housing market data?

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While we know from being directly in the Knoxville housing market that things are on the upswing, let’s take a look at what the leading economic experts are saying regarding the latest housing market data. Paul Diggle, property economist, Capital Economics “March’s decline in existing home sales probably reflects the normal month by month volatility […]

National Housing Market Update: April 2012

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National housing market update: Existing-home sales decreased in March, but continued to outperform last year’s levels. Inventory tightened and home prices showed further signs of stabilizing, according to the National Association of REALTORS®. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, declined 2.6% but are still 5.2% above the […]

More Foreclosures in Knoxville Expected to Hit the Market

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How with the recently negotiated National Mortgage Settlement effect the current Knoxville housing market? Foreclosures in Knoxville have been significantly slowed since the third quarter of 2010. Since that time banks have been concerned about the penalties they would face from the settlement and in turn chose to delay the actual seizure of foreclosed properties […]