For generations, the homebuying process never really changed. The seller would try to estimate the market value of the home and tack on a little extra to give themselves some negotiating room. That figure would become the listing price of the house. Buyers would then try to determine how much less than the full price they could […]
Is the Housing Market Going to Crash in 2021?
Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Instead, national and Knoxville real estate had one of its best years ever. Home sales and prices in Knoxville were both up substantially over the year before. 2020 was so strong that many now […]
The Importance of Home Equity in Building Wealth
Homeownership has always been the first rung on the ladder leading to household wealth. As Freddie Mac recently posted: “Homeownership has cemented its role as part of the American Dream, providing families with a place that is their own and an avenue for building wealth over time. This ‘wealth’ is built, in large part, through the creation of […]
The Road to Homeownership in Knoxville [INFOGRAPHIC]
Some Highlights If you’re thinking of buying a home and not sure where to start, you’re not alone. Here’s a map with 10 simple steps to follow in the homebuying process. Let’s connect today to discuss the specific steps along the way in our local area. Ready to get the process started? Call/Text me, Troy […]
With Home Values Surging, Is it Still Affordable to Buy in Knoxville Right Now?
Housing inventory in Knoxville and nationwide is at an all-time low. Realtor.com just reported that nationally, there are 39% fewer homes for sale today than there were last year. At the same time, buyer demand remains strong. In a recent newsletter, research analyst Ivy Zelman explained: “Although the headwind of severe supply constraints in most markets has contributed to slight moderation […]
Don’t Let Buyer Competition Keep You from Purchasing a Home in Knoxville
This year’s record-low mortgage rates sparked high demand among homebuyers in Knoxville. Current homeowners, however, haven’t put their houses on the market so quickly. This makes finding a home in Knoxville to buy today challenging for many potential buyers. With an obstacle like this, those searching for their dream homes may be pressing pause on […]
Will Mortgage Interest Rates Remain Low Next Year?
In 2020, buyers in Knoxville got a big boost in the housing market as mortgage rates dropped throughout the year. According to Freddie Mac, rates hit all-time lows 12 times this year, dipping below 3% for the first time ever while making buying a home more and more attractive as the year progressed (See graph below):When you continually hear how rates […]
Homes for Sale in Knoxville Are Disappearing Rapidly
Through all the challenges of 2020, the Knoxville real estate market has done very well, and purchasers are continuing to take advantage of historically low mortgage rates. Realtor Magazine just explained: “While winter may be typically a slow season in real estate, economists predict it isn’t likely to happen this year…Low inventories combined with high demand due to […]
Why Working from Home in Knoxville May Spark Your Next Move
If you’ve been working from home in Knoxville this year, chances are you’ve been at it a little longer than you initially expected. Businesses all over the country have figured out how to operate remotely to keep their employees healthy, safe, and productive. For many, it may be carrying into next year, and possibly beyond. While the […]
Winter Will Bring a Flurry of Activity to the Knoxville Housing Market
In the second half of this year, the housing market surged with activity. Today, real estate experts are looking ahead to the winter season and the forecast is anything but chilly. As Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), notes: “It will be one of the best winter sales years ever.” The typical winter slowdown in the housing […]
VA Home Loans: Helping Heroes Find a Home in Knoxville
Today, on Veterans Day, we honor those who have served our country and thank them for their continued dedication to our nation. In the United States, there are many valuable benefits available to Veterans, including VA home loans. For over 75 years, VA home loans have provided millions of Veterans and their families the opportunity to purchase their […]
4 Reasons Why the Election Won’t Weaken the Knoxville Housing Market
Today, Americans will decide our President for the next four years. That decision will have a major impact on many aspects of life in this country, but the residential real estate market in Knoxville will not be one of them. Analysts will try to measure the impact feasible changes in regulations might have on housing, […]
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