No one knows for sure when the next recession will occur. What is known, however, is that the upcoming economic slowdown will not be caused by a housing market crash, as was the case in 2008. There are those who disagree and are comparing today’s real estate market to the market in 2005-2006, which preceded […]
Knoxville one of Top 10 Metros with Highest Home Price Increases
The FHFA (Federal Housing Finance Agency) recently released their 2nd quarter numbers of the largest 100 metropolitan statistical areas, and Knoxville hit the top 10 list for highest home price increases since this time last year. Per the report, homes in Knoxville are selling 7.6% higher than August 2018 and 3.3% higher than the last quarter. The city […]
Home Value Appreciation Is Strong: It Might Be Time to Sell
There’s no doubt that today’s housing market is changing, and everything we see right now indicates it is time to sell. Here’s a look at why selling your home in Knoxville now is likely to drive the greatest return on your largest investment. Home values in Knoxville have been appreciating for several years now, growing […]
What Will The Housing Market Look Like In 2019? (INFOGRAPHIC)
Some Highlights: Interest rates are projected to increase steadily throughout 2019, but buyers will still be able to lock in a rate lower than their parents or grandparents did when they bought their homes! Home prices will rise at a rate of 4.8% over the course of 2019 according to CoreLogic. All four major reporting agencies […]
Where Are Home Prices Headed Over The Next 5 Years?
Today, many of my Knoxville real estate conversations center on housing prices and where they may be headed. That is why I like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five […]
Where Are Home Values Today Compared To The Peak in 2008?
This housing market has many people talking about home values; where they are and where they are headed. It’s also interesting to look back and see how home prices compare to values prior to the housing crisis. Every quarter, Freddie Mac releases their House Price Index. The index usually provides monthly home values for: the […]
Effect of Neighborhood Foreclosures on your Knoxville Real Estate Value
What is the effect of neighborhood foreclosures on your Knoxville real estate value? Coming out of the harshest national housing downturn many homeowners have seen, we have all heard about the multitude of foreclosures that have taken place all across the United States. Knoxville real estate, while not hit as bad as many areas in […]