In a recent Insights Blog, CoreLogic reported that rent prices have skyrocketed since 2005. Meanwhile, the typical mortgage payment has actually decreased. “CoreLogic’s national rent index was up 36% in December 2018 compared with December 2005, while the typical mortgage payment was down 4% over that period.” Why the difference between the costs of renting versus owning? It […]
Wondering Where All The Missing Houses Are? I Think We Found Them!
There has been a great amount written on millennials and their impact on the housing market. However, the headlines often contradict each other. Some claim this generation is becoming the largest share of first-time home buyers, while others claim millennials don’t want to own a home, blaming them for the dip in homeownership rate. While […]
With Knoxville’s Low Inventory: Will Your Dream Home Need Some TLC?
According to a new survey from Move.com, the wave of first-time homebuyers hitting the market this summer has resulted in an interesting statistic. Nearly 60% of buyers searching for a home this spring are willing to consider buying a fixer-upper, with 95% believing that the projects needed will increase their new home’s value! Realtor.com’s Chief Economist, Danielle Hale, pointed […]
Top 5 Reasons Why Millennials Choose To Buy a Home [INFOGRAPHIC]
More and more Millennials in Knoxville are choosing homeownership. In fact, they have quickly become the #1 generation for purchasing homes, as far as volume. The following infographic explains why homeownership is so important to them: Ready to start the process of getting into your own home or ready to move to something different? Call me, […]
Buyer Demand Surging in Knoxville as Spring Market Begins
Last fall, some predicted that the 2019 residential real estate market would be a disaster. There was even belief we might experience a housing crash like the one that occurred during the last decade. However, according to two separate reports*, buyer demand dramatically increased over the last three months, leading into this spring buyers’ market […]
Are These Low Mortgage Interest Rates Here To Stay?
Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates came in at 4.12% last week! This is great news for anyone who is planning on buying a home in Knoxville this spring! Freddie Mac had this to […]
Why Now Is A Good Time To Sell A Home In Knoxville
Every month, the National Association of Realtors (NAR) releases their Seller Traffic Index as a part of their Realtors Confidence Index. In the latest release, NAR reported that homeowners have been reluctant to sell their houses. This is reflected when broken down by state. Only 11 states have a stable level of seller traffic compared to the remainder of the […]
Today’s Homebuying Myths Slayed! [INFOGRAPHIC]
Some Highlights: The average down payment for first-time homebuyers is only 6%! Mortgage interest rates have been on the decline since November! Hop in now to lock in a low rate! 88% of property managers raised their rents in the last 12 months! The average credit score on approved loans continues to fall across many […]
A Spring Maintenance Checklist For Your Knoxville Home [INFOGRAPHIC]
Some Highlights: Every spring, your Knoxville area home needs some extra TLC! Whether you plan on selling your home in Knoxville this spring or not, conducting this maintenance will help ensure your home functions well for the rest of the year. Your Knoxville real estate agent will have a list of specific suggestions for getting […]
March Knoxville Area Housing Market Snapshot
Here’s how the current real estate market is doing through the end of March, all around Knoxville, compared to last year. Remember, real estate is hyper local, meaning your county may show one thing but your specific subdivision or home may be doing something completely different. Contact me for a personal analysis! Here is […]
1st Steps To Buying A Home
Are you planning on buying a home in the Knoxville area this year? Show homeowners that you are serious about buying by getting pre-approved for a mortgage! Let’s get together to help you take the first step in making your dream of buying a home a reality! Contact me, Troy Stavros with CornerStone Realty Associates at […]
SOLD! SOUTH KNOXVILLE! 4900 Creek Bank Drive in Woodson Trail
SOLD IN 1 DAY WITH MULTIPLE OFFERS! Immaculate South Knoxville home just minutes from Downtown and UT located at 4900 Creek Bank Drive, Knoxville, TN 37920 in the Woodson Trail Subdivision. Perfect for commuters to both Knoxville and Maryville. The inviting front porch is just one element of the great curb appeal. Save on your […]
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