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 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 […]
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 […]
What are the experts saying about the latest housing market data?
While we know from being directly in the Knoxville housing market that things are on the upswing, let’s take a look at what the leading economic experts are saying regarding the latest housing market data. Paul Diggle, property economist, Capital Economics “March’s decline in existing home sales probably reflects the normal month by month volatility […]
More Foreclosures in Knoxville Expected to Hit the Market
How with the recently negotiated National Mortgage Settlement effect the current Knoxville housing market? Foreclosures in Knoxville have been significantly slowed since the third quarter of 2010. Since that time banks have been concerned about the penalties they would face from the settlement and in turn chose to delay the actual seizure of foreclosed properties […]
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