1. Understanding the 2024 Housing Market: A Turning Point for Knoxville Home Buyers Recent findings have highlighted a pivotal shift in the housing market, particularly relevant for those in Knoxville, Tennessee. While 2023 saw a daunting surge in U.S. mortgage rates, peaking since 2001 and even surpassing 8% in October, there’s now a glimmer of […]
Despite higher interest rates data shows buyer activity is UP!
Are you a homeowner considering selling your house? Wondering if it’s the right time? Well, here’s some good news: despite higher mortgage rates, buyer traffic is on the rise. Recent data from the ShowingTime Showing Index, which measures buyers actively touring homes, reveals a significant increase in buyer demand over the past few months. Even […]
MARCH 2023 East Tennessee & Knoxville Housing Market Update
Knoxville Real Estate Market Shows Signs of Growing Beyond Its Affordable Reputation The Knoxville real estate market has always been known for its affordability, but new data shows that the city’s median listing price is now higher than the national average. This suggests that the competitive advantage of Knoxville’s affordability may be slipping away, making […]
Why A Smaller Home in East Tennessee May Be The Best Fit
When it comes to buying a home in East Tennessee, bigger isn’t always better. In fact, there are many advantages to purchasing a smaller home that can make it a wise financial decision.One of the most significant benefits of buying a smaller home is the cost savings. Smaller homes in Knoxville generally have lower utility costs, […]
Almost Half of the Homes Sold in Farragut in March were CASH or At or Above List Price!
Almost 1/2 (45%) of the homes sold so far in March in Farragut have been for cash or at/above their listing price (some both). We saw some sell for over $100K above their list price! I go over these sales in the video along with the breakdown of the sold prices and subdivisions. Lack of […]
2023 National Housing Market Forecast
Some Highlights From home sales to prices, the 2023 housing market will be defined by mortgage rates. And where rates go depends on what happens with inflation. If you’re thinking of buying or selling a home this year, let’s connect so you understand where the housing market is headed in 2023. Contact the Troy Stavros TEAM at […]
Expert Forecasts on Mortgage Rates for 2022 and 2023
If you’ve been thinking of buying a home in East Tennessee, you may have been watching what’s happened with mortgage rates over the past year. It’s true they’ve risen dramatically, but where will they go from here, especially as the market continues to slow? As you think about your homeownership goals and decide if now’s the […]
Luxury Southern Living Charm on 1.94 Acres in Deep West Knoxville
Luxury Southern living charm on 1.94 acres in deep West Knoxville located at 313 Wooded Lane, Knoxville, TN 37922. Every time you come home on the quaint country road with 4 board fences (yet still minutes from Kingston Pike and the highway) and turn onto the private cul-de-sac street, you’ll look forward to pulling onto […]
Homes for sale in East Tennessee : MARCH 2022 Housing Market Update
In today’s video, we dive into the East Tennessee real estate data for the month of March 2022 to see how the East Tennessee housing market is doing compared to one year ago. We will look at the inventory of active homes for sale in East Tennessee. Homes for sale in Knoxville TN, homes for […]
The Perks of Putting 20% Down When Buying a Home in East Tennessee
If you’re thinking of buying a home in East Tennessee, you’re probably wondering what you need to save for your down payment. Is it 20% of the purchase price, or could you put down less? While there are lower down payment programs available that allow qualified buyers to put down as little as 0%, it’s important to […]
Historic Home for Sale on the Historic Downtown Loudon Square
How about a Historic 100+ year old home on the square in Historic Downtown Loudon? Along the banks of the Tennessee River, you can take a step back in time and enjoy all the comforts of small-town living and then some. This charming multi-use facility was built in 1900 and has been remodeled/restored and is […]
The Average Homeowner in Tennessee Gained $53,000 in Equity over the Past Year
When you think of homeownership, what’s the first thing that comes to mind? Chances are you might focus on the non-financial benefits, like the security or stability that a home provides. But what about equity? While it can be overlooked, a homeowner’s equity helps build long-term wealth over time. Here’s a look at what equity is […]