865 Real Estate

East Tennessee Real Estate & Neighborhood Source

Implications of Natural Disasters on the Housing Market

By

In the aftermath of Hurricane Harvey, and the impending threat of Hurricane Irma and Jose, Economist Frank Nothaft discusses from an economist’s perspective, the implications of natural disasters on the housing market.
The effects are going to be lasting while homeowners wait for aid. Properties in the area that have gone undamaged, could experience a rise in both home prices and rent, as a result of limited inventory and a growing number of displaced families.
The video discusses these factors, damage estimates, insurance considerations, and a timeline for reconstruction.

VIDEO: Major Reasons For Todays Current Inventory Shortage

By

We are dealing, not only locally but nationally, with a serious shortage of inventory in the real estate world. This video explains some of the major reasons we are in this position. Questions? Contact Troy Stavros with Gables & Gates REALTORS. Serving Tennessee home buyers and sellers in the greater Knoxville and Nashville (Franklin) areas. Contact Troy at 865-999-0925.

$15,000 for First Time Home Buyers in Knoxville, TN!

By

$15,000 for FIRST TIME HOME BUYERS in Knoxville!! WATCH AND LEARN. Interested in a link to search in the specific Knoxville zip codes where this program is available? Shoot me your email and I’ll be happy to set you up! Troy Stavros, Gables & Gates, REALTORS 865-777-9191

Where Are Home Prices Headed Over The Next 5 Years?

By

Today, many of my Knoxville real estate conversations center on housing prices and where they may be headed. That is why I like the Home Price Expectation Survey.

Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.

The results of their latest survey:

Home values will appreciate by 4.5% over the course of 2016, 3.6% in 2017 and about 3.2% in the next two years, and finally 2.9% in 2020 (as shown below). That means the average annual appreciation will be 3.5% over the next 5 years.

Projected Appreciation | MyKCM

The prediction for cumulative appreciation increased slightly from 24.7% to 26.3% by 2020. The experts making up the most bearish quartile of the survey are still projecting a cumulative appreciation of 11.1%.

Cumulative Price Appreciation | MyKCM

Bottom Line

Individual opinions make headlines. I believe the survey is a fairer depiction of future values. If you are interested in a quick estimate of what your home is worth right now CLICK HERE. For a pinpoint value or to talk about getting your home sold, contact me, Troy Stavros with Gables & Gates, REALTORS at 865-777-9191. I look forward to hearing from you!

Farragut Homes by Price