865 Real Estate

East Tennessee Real Estate & Neighborhood Source

Is it Time to Move into a Single-Story Home?

By

Once the kids have left the nest, you may be wondering what to do with all of the extra space in your Knoxville home. Chances are, you don’t need four bedrooms anymore, and it may be a great time to sell your house and downsize, maybe even into a single-story home. You’ve likely gained significant equity if […]

LIVE VIDEO: Home Equity Gives Knoxville Homeowners Options

By

Homeownership is one of the best ways to invest in your financial future, especially as your home equity grows. Home equity is a form of forced savings that can work to your advantage as the value of your home appreciates. Across the country, home equity was increasing before the health crisis swept our nation, and […]

Housing Market on Track to Beat Last Year’s Success

By

Back in March, as the nation’s economy was shut down because of the coronavirus, many were predicting the real estate market would face a major collapse. Some forecasts called for a 15-20% decline in transactions. However, six months later, it seems as though the housing market has fully recovered. Mark Fleming, Chief Economist at First American, announced last week: “Since […]

Why Pricing Your Knoxville Home Right Matters This Fall [INFOGRAPHIC]

By

Some Highlights As a seller today, you may think pricing your home on the high end will result in a higher final sale price, but the opposite is actually true. To sell your home quickly and for the best possible price, you should eliminate buyer concerns by pricing your home competitively right from the start. […]

LIVE VIDEO: National vs Knoxville Housing Market, Lumber Prices and more

By

Today we talk about how the Knoxville real estate market stacks up against what is happening nationally as we look at the August numbers. We talk about how it affects buyers, especially those in the entry-level market, and also how the current lumber shortage is affecting the cost of new construction homes. All that and […]

LIVE VIDEO: The Cost of a Home Is Far More Important than the Price

By

Housing inventory is at an all-time low. There are 39% fewer homes for sale today than at this time last year, and buyer demand continues to set records. Zillow recently reported: “Newly pending sales are up 25.5% compared to the same week last year, the highest year-over-year increase in the weekly Zillow database.” Whenever there is a shortage in supply […]

Homes In Knoxville and Across the Country Are Selling Fast

By

Some Highlights Buyers are actively searching for and purchasing homes at a record-breaking pace. According to the latest report from the National Association of Realtors (NAR), in July, 68% of homes were on the market for less than a month. With homes moving from listing day to pending sale in an average of just 22 days, it’s a great […]

How Low Inventory May Impact the Knoxville Housing Market This Fall

By

Real estate continues to be called the ‘bright spot’ in the current economy, but there’s one thing that may hold the housing market back from achieving its full potential this year: the lack of homes for sale. Buyers are actively searching for and purchasing homes, looking to capitalize on today’s historically low interest rates, but there […]

The Surging Real Estate Market Continues to Climb

By

Earlier this year, realtor.com announced the release of the Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry by tracking each of the following: Housing Demand – Growth in online search activity Home Price – Growth in asking […]

Is Now a Good Time to Move?

By

How long have you lived in your current Knoxville home? If it’s been a while, you may be thinking about moving. According to the latest Profile of Home Buyers and Sellers by the National Association of Realtors (NAR), in 2019, homeowners were living in their homes for an average of 10 years. That’s a long time to be in […]

VIDEO TOUR: Take a walk through 11468 Woodcliff Drive in Farragut!

By

UNDER CONTRACT! Beautiful, updated, 3 story home in the heart of Farragut at 11468 Woodcliff Drive, Knoxville, TN 37934. The super convenient location is minutes from shopping, parks, schools, the lake, and more. The interior of the home has a spacious kitchen featuring freshly updated quartz counters. The welcoming family room has space for friends […]

Does Your Knoxville Home Have What Buyers Are Looking For?

By

There’s great opportunity for today’s homeowners to sell their houses and make a move, yet due to the impact of the ongoing health crisis, some sellers are taking their time coming back to the market. According to Javier Vivas, Director of Economic Research at realtor.com: “Sellers continue returning to the market at a cautious pace and further improvement could be […]