865 Real Estate

East Tennessee Real Estate & Neighborhood Source

Homes for sale in Knoxville TN : 12901 Sanderling Lane

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Welcome to your own Secret Garden in Knoxville TN where time may slip away as you read a book on the private patio or screened-in porch or daydream watching and listening to the birds singing in the trees. This wonderfully maintained 4-bedroom plus office West Knoxville home is zoned for Knox County’s Top Rated Farragut Middle & Farragut High Schools and is close to Knoxville area lakes, Knoxville parks, restaurants, Knoxville golf courses and more in the heart of West Knoxville and the Northshore/Choto area. You’ll be greeted by flowering shrubs, perennial flowers, and annuals as you stroll up the front walkway. Enter the open foyer flanked by the dining room and home office/music parlor. Move forward to the family room with gas log fireplace open to the large eat-in kitchen. Hardwood floors on both levels (only 1 BR w/ carpet). Oversized owner’s suite. A fully fenced rear yard offers wooded privacy.

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Expert Forecasts on Mortgage Rates for 2022 and 2023

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If you’ve been thinking of buying a home in East Tennessee, you may have been watching what’s happened with mortgage rates over the past year. It’s true they’ve risen dramatically, but where will they go from here, especially as the market continues to slow?

As you think about your homeownership goals and decide if now’s the time to make your move, the best place to turn to for that information is the professionals. Here’s a summary of the latest mortgage rate forecasts from housing market experts.

Experts Project Mortgage Rates Will Stabilize

While mortgage rates continue to fluctuate due to ongoing inflationary pressures and economic uncertainty, experts project they’ll start to stabilize in the months ahead. According to the latest projections, mortgage rates are expected to hover in the low to mid 5% range initially, and then potentially dip into the high 4% range by later next year (see chart below):

Expert Forecasts on Mortgage Rates | MyKCM

That could bring you some welcome relief. So far this year, mortgage rates have climbed over two percentage points due to the Federal Reserve’s response to inflation, and that’s made it more expensive to buy a home. And wondering if the rise in rates will continue is keeping some prospective buyers on the sidelines.

But now that experts say mortgage rates should stabilize, this gives you a bit more certainty about what they think the future holds, and that may help you feel more confident about your decision to buy a home.

Bottom Line

Whether you’re looking to buy your first home in East Tennessee, move up to a larger home, or even downsize, you need to know what’s happening in the East Tennessee housing market so you can make the most informed decision possible. Let’s connect to discuss your goals and determine the best plan for your move.

Have questions or want to talk about buying or selling a property in East Tennessee? Contact the Troy Stavros TEAM today at 865-999-0925. We look forward to serving you!

East Tennessee home for sale on acreage with Monster Man Cave

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Unique custom-built contemporary home situated on 7 acres of complete privacy with a monster man cave but only 1 mile from HWY441 in Seymour. Bring your horses, RV, and all of your toys.

The main house features 2 bedrooms on the main level. Upstairs you’ll find the oversized owner’s suite with an 18’ cathedral ceiling, fireplace insert, and its own private office with a wall of windows overlooking the wooded backyard. One more additional room with a private bath upstairs.

Natural light streams into the great room with a fireplace focal point with 20’ ceilings and large windows. The space flows into the attached sunroom and out onto the nearly 800SF multi-level deck where you can relax and watch the abundance of wildlife. As it backs to the woods this space creates a very quiet, shaded, and private personal space for morning coffee or outdoor dining. Entertaining comes naturally to this home.

The kitchen with an island features an abundance of custom Alderwood cabinetry with a matching built-in L-shaped booth and table plus a step-in pantry. Unfinished basement plus encapsulated crawlspace.

Now the moment you’ve been waiting for.. 4000SF detached garage/barn. 1500SF finished garage space with 2 roll-up doors (220V wired). 1000SF stable area with 2 stalls, tack, or storage office with doors on both ends and 30’ tall (attention RV owners) and storage lofts. 1500SF upstairs with 2 large finished rooms set for HVAC. 

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Luxury Southern Living Charm on 1.94 Acres in Deep West Knoxville

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Luxury Southern living charm on 1.94 acres in deep West Knoxville located at 313 Wooded Lane, Knoxville, TN 37922. Every time you come home on the quaint country road with 4 board fences (yet still minutes from Kingston Pike and the highway) and turn onto the private cul-de-sac street, you’ll look forward to pulling onto your long driveway flanked by Crepe Myrtles & Dogwoods with your private sanctuary located at the end. Whether it’s relaxing by the custom firepit overlooking your property, playing frisbee golf on your private 3-hole course or relaxing on the covered back porch with your feet up watching your favorite movie in front of the roaring fireplace, this is the home you’ve been looking for. Over 4000SF with 4 total bedrooms (3 on the main level) plus an oversized bonus room. Everything you’ve been looking for and so much more.

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Homes for sale in East Tennessee : MAY Knoxville TN Housing Market Update

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All of the data is in through the end of May. Let’s take a look at what’s happening in the East Tennessee housing market.

In today’s video we dive into the East Tennessee real estate data for the month of May 2022 to see how the East Tennessee housing market is doing compared to one year ago. We will look at the inventory of active homes for sale in East Tennessee. Homes for sale in Knoxville TN, homes for sale in Farragut TN, homes for sale in Knox County TN, homes for sale in Loudon County TN, homes for sale in Anderson County TN, homes for sale in Roane County TN, homes for sale in Blount County TN, and homes for sale in Sevier County TN. We will also at what has happened to the median sales price of homes over the last year in those areas of East Tennessee. We will discuss the real estate data and how it affects buyers and sellers in today’s East Tennessee housing market.

Here is some basic real estate data and news in regards to the East Tennessee housing market not covered in the video:

  • Mortgage rates continue to rise as financial markets anticipate U.S. monetary policy changes amid higher-than-expect inflation. The 30Y FRM finished 2021 at 3.11% but remained well above 5% throughout the month of May.
  • Knoxville’s rental market occupancy rate hovered around 98.8% in Q1 2022, more than a full percentage point above the 97.5% occupancy rate nationally. Effective rents in the Knoxville metro area (MSA) were up 19.21% year-over-year as of April 2022, significantly higher than the 15.23% rate nationally.

  • Have questions or need help in today’s crazy East Tennessee housing market? Contact the Troy Stavros team at CornerStone Realty Associates at 865-999-0925 today. We are here to serve you!

History Proves Recession Doesn’t Equal a Housing Crisis

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Some Highlights:

-It’s important to understand history proves an economic slowdown does not equal a housing crisis.

-In 4 of the last 6 recessions, home prices actually appreciated. Home prices only fell twice – minimally in the early 90s and then by nearly 20% during the housing crash in 2008.

If you have questions, let’s connect to discuss why today’s housing market is nothing like 2008.