Unpacking the Apartment Surge in Knoxville and Farragut The Knoxville and Farragut areas are currently experiencing a significant increase in apartment construction, a trend that’s reshaping the local housing landscape. As more complexes rise, renters are greeted with a wealth of choices and enhanced affordability. This surge is not just altering the skyline; it’s setting […]
Year Over Year Change in Rent Prices in Tennessee’s Biggest Cities
The latest insights from Rentometer.com reveal that the average rent for three-bedroom single-family rentals (SFRs) in Knoxville hit $2,235 in Q3 2023, marking a 3% increase from last year. In contrast, a 3-BR apartment averaged $1,799 during the same period. Notably, Knoxville leads the five largest Tennessee cities with the largest year-over-year rent increase for […]
U.S. Average 30-Year Mortgage Rates and the Outlook for 2024
As a real estate professional, it’s important to understand the dynamics of mortgage rates and their impact on the housing market. This year, we’ve witnessed U.S. mortgage rates soar to their highest since 2001, culminating in a significant quarter-point increase from last year, even jumping over 8% in October. This uptick has directly contributed to […]
Understanding Real Estate Affordability at the End of 2023 in Knoxville TN and beyond: A Deep Dive
As 2023 draws to a close, the real estate market continues to be a hot topic, especially concerning affordability. Troy Stavros has recently shed light on the current state of affordability in the real estate market, referencing a comprehensive Redfin research article. This blog post delves into the key points from that discussion, providing insights […]
VIDEO: Exploring the Tellico Village Housing Market – November 2023: Key Insights for Buyers and Sellers
Welcome to the heart of Loudon, Tennessee – Tellico Village. I’m Troy Stavros, and I’m excited to share with you the most recent updates from the Tellico Village housing market. This analysis, up to the end of November, is invaluable for those looking to buy or sell in this vibrant community. Market Trends and Analysis: […]
VIDEO: Understanding the Farragut, Tennessee Housing Market: A Comprehensive Update through November 2023
Hello, Farragut residents and prospective homebuyers! I’m Troy Stavros, and today, I’m here to provide you with a detailed update on the Farragut, Tennessee housing market. Our analysis covers the latest data up to the end of November, including active data through the last Friday, ensuring you have the most current insights at your fingertips. […]
East Tennessee Real Estate: A Dynamic Housing Market in 2023 and Beyond – NOVEMBER 2023 UPDATE
Knoxville Real Estate Trends: A Thriving Market in East Tennessee East Tennessee’s real estate market, particularly in Knoxville, has demonstrated remarkable resilience and growth in recent times. In Q3 2023, Knoxville’s home price growth ranked an impressive No. 4 among the top 100 metro areas. This surge reflects a significant 11.6% increase from the previous […]
VIDEO: Real Estate Trends 2023: Where Home Prices Are Soaring & Falling | Knoxville Focus
🔍 Dive into the latest real estate trends with Troy Stavros! This in-depth analysis covers the most significant home price changes across the U.S. in 2023. Find out which areas are experiencing the biggest drops and hikes in property values, what factors are influencing these shifts, and gain a special insight into where Knoxville and […]
OCTOBER 2023 East Tennessee & Knoxville Real Estate Update: Key Market Trends for Buyers & Sellers
The Knoxville real estate market continues to shine in the national spotlight, securing a formidable second place in the FHFA’s ranking of the top 100 metros for median appraised value growth of single-family homes in Q2 2023. This impressive 9.1% increase from the previous year not only reflects the area’s robust market dynamics but also […]
Unlocking Opportunities: Exploring the Modern Era of Adjustable-Rate Mortgages
Cast your mind back to the real estate turbulence of 2008, a time when adjustable-rate mortgages (ARMs) commanded the spotlight. Fast forward to today, and ARMs are experiencing a resurgence in popularity among both seasoned homeowners and first-time buyers. Let’s delve into the reasons behind this shift and lay to rest any concerns it might […]
Farragut TN Housing Market Update: July 12th Edition | Prices, Sales, Inventory, and Future Outlook
Welcome to our latest Farragut TN Housing Market Update! In this video, we’ll provide you with comprehensive insights into the local Farragut, Tennessee real estate market, focusing on key metrics such as prices, sales, inventory, and future projections. Whether you’re a homeowner in Farragut, buyer in Farragut, seller in Farragut, or simply interested in the […]
JUNE 2023 Knoxville Real Estate Market Update: Rising Rents, Home Prices, and Mortgage Rates
Welcome to the Knoxville Real Estate Report! In this video, we’ll dive into the latest trends and insights shaping the housing market in our beautiful city. First, let’s talk about apartment rents. Over the past year, Knoxville has seen a remarkable increase of 9.2% in apartment rents, outpacing the national average growth of 2.3%. This […]
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