The National Association of REALTORS® just released their latest Pending Homes Sales Index and it showed that homes going into contract in February increased to their highest level since June 2013. The Pending Home Sales Index is based on pending sales of existing homes and is a great indicator of the current market. A sale is considered pending […]
Knoxville and Farragut TN Real Estate Market Snapshot – March
Here are the most recent (March) statistics for the Knoxville and Farragut TN real estate markets. Here are the Knoxville TN real estate market stats for March. The highlighted stats are: Median sold price of Knoxville homes in March = $153,000 Median list price of Knoxville homes in March = $159,900 Median days on the Market for Knoxville homes […]
How Buying A Home Now = Saving $100’s Of Dollars Month
Buying a home now may save you $100’s of dollars per month. This holds true for any buyer, but especially those who are not paying cash. The reason it effects those financing their new home, is that there are two factors that impact the amount of home you can afford. Those two factors are home […]
Home Price Trends in Farragut, Knoxville & Beyond
I recently wrote an article that talked about why homeownership far outweighs renting when it comes to building net worth and also posted another article about why a billionaire says buying a home to live it is the single best investment. One of the most important factors when seeing if owning a home is a […]
Knoxville Home Sales – Winter Housing Market Update
You may have read some national headlines lately regarding the housing market, but how have Knoxville home sales fared? The National Association of REALTORS® recently released their Existing Home Sales report and like most typical news sources, many headlines are blowing January’s decline in home sales out of proportion to grab attention, without really looking at the […]
3 Reasons Why The Current Housing Market Will Improve in 2015
Word on the street, and by the street I mean housing economists, is that 2015 is going to see an improvement on the current housing market. While many are citing encouraging market trends which no doubt are good indicators, there have been some significant government actions of late that could have a meaningful effect on […]
Knoxville Real Estate Market Update Through August
The Knoxville real estate market is continuing along on a steady pace, while other parts of the country continue to slow. August data shows that the average sales price of homes in Knoxville increased 3.49% from one year ago to $189,916, with a year to date improvement of 4.53%. What does this mean? Home prices […]
Knoxville Real Estate Market Update Through June
It’s always good to see how the Knoxville real estate market is trending when you are thinking about selling or buying a home in Knoxville. Let’s take a look at the interesting trends I’ve found in the Knoxville real estate market, by studying the home sale data through the month of June. Compared to the […]
Why Are There Not Enough Homes For Sale In Knoxville?
Ask most Knoxville real estate agents and they will tell you that there is a shortage of good homes for sale in Knoxville. There are plenty of buyers in the market right now, and many are having trouble finding a home that suits them. In fact, the supply of homes in Knoxville has DECREASED by […]
Knoxville Real Estate vs. National Real Estate in Q1
Buyers and sellers of Knoxville real estate need to be very careful what they believe when listening to the media about the housing market. Sure you can believe most of the numbers you hear, but you can’t necessarily translate what those numbers say to your local market. REAL ESTATE IS LOCAL. Here are some good […]
Knoxville Real Estate Market Update for April 2014
A recent report by the National Association of REALTORS showed that the current national housing market is underperforming by historical standards, but where does Knoxville real estate stand? My research shows that in the four main categories (Sold Listings, Pending Listings, Active Listings, and New Listings), only one is showing positive signs here in the […]
The Hot Season To Buy Or Sell A Home In Knoxville Is Upon Us!
Whether you are in a warm weather market, cold weather market, or a high tourist seasonal market, you will see the hot time of the year to buy and sell a home ebb and flow throughout the year. There will be times of the year that will slow down and others will take off. Locally, […]