Last week, the average 30-year fixed mortgage rate from Freddie Mac inched up to 3.1%, and experts project rates will continue rising through 2022: “The 30-year fixed-rate mortgage was 2.9% in the third quarter of 2021. We forecast mortgage rates to increase slightly through the remainder of the year and reach 3.0%, rising to 3.5% for full year 2022.” If […]
Diving Deep into the Biggest Concerns of Today’s Knoxville Home Buyers
Last week, Fannie Mae released their Home Purchase Sentiment Index (HPSI). Though the survey showed 77% of respondents believe it’s a “good time to sell,” it also confirms what many are sensing: an increasing number of Americans believe it’s a “bad time to buy” a home. The percentage of those surveyed saying it’s a “bad time to buy” hit […]
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 […]
How To Make A Strong Offer on a House in Knoxville, TN
Today’s homebuyers in Knoxville, TN are faced with a strong sellers’ market, which means there are a lot of active buyers competing for a relatively low number of available Knoxville homes. As a result, it’s essential to understand how to make a confident and competitive offer on your dream home. Here are 5 tips for success in this […]
Cheap houses for sale in Knoxville TN: 2017 Harris Road, Knoxville, TN 37924
WATCH THE WALK-THRU VIDEO ABOVE OR TAKE A 360 TOUR OF THE PROPERTY BELOW (best results are FULL SCREEN on a desktop!) Looking for cheap houses for sale in Knoxville TN? That’s a tall order, but I’m serving you up a great one right now! How about 2 lots in 1? This super cute home […]
The differences between FHA, VA, and USDA mortgages
When you get a mortgage in Knoxville, there are several options you can choose from, including FHA, VA, USDA, and conventional mortgages. And the one you pick will determine how big of a down payment you’ll need, what credit score you should have, and all the other requirements you’ll need to meet, as well. But […]
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 […]
Knowledge Is Power on the Path to Homeownership in Knoxville
Homeownership is on the goal list for many young adults in Knoxville, but sometimes it’s hard to know exactly how to get there. From understanding the home buying process to pre-approval and down payment assistance options, uncertainty along the way can ultimately hold some buyers back. Today, there are over 75 million Millennials and 67 million Gen […]
5 Tips for Knoxville Homebuyers Who Want to Make a Competitive Offer
Today’s real estate market has high buyer interest and low housing inventory. With so many buyers competing for a limited number of homes in the Knoxville area, it’s more important than ever to know the ins and outs of making a confident and competitive offer. Here are 5 keys to success for this important stage in the homebuying […]
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 […]
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 […]
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