Remember the whirlwind of 2020 and 2021? The pandemic housing boom was unlike anything we’d seen before. With historically low interest rates, stimulus checks hitting bank accounts, and millions of Americans suddenly working from home, buyer demand exploded almost overnight. Just how intense was it? Federal Reserve researchers estimate that new construction would have needed […]
Is the Knoxville Real Estate Market Finally Returning to Normal?
If you have been following my recent market updates, you’ve likely heard me use one word repeatedly: Normalizing. For the last few months, I have sensed a shift in the Knoxville real estate landscape. The frantic pace of the pandemic years has settled, and we are moving toward stability. Now, new data from First American […]
East Tennessee & Knoxville Real Estate Market Update JAN 2024: Opportunities for Buyers and Sellers
The real estate market in East Tennessee, including the vibrant Knoxville area, is poised for a significant upturn after a challenging couple of years. With mortgage rates expected to improve and housing becoming more affordable in the latter half of 2024, we’re on the brink of a dynamic shift. This anticipated change is set to […]
How Much Should I Offer on a House in Knoxville in 2021?
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 […]