Back in March, as the nation’s economy was shut down because of the coronavirus, many were predicting the real estate market would face a major collapse. Some forecasts called for a 15-20% decline in transactions. However, six months later, it seems as though the housing market has fully recovered. Mark Fleming, Chief Economist at First American, announced last week: “Since […]
Why Pricing Your Knoxville Home Right Matters This Fall [INFOGRAPHIC]
Some Highlights As a seller today, you may think pricing your home on the high end will result in a higher final sale price, but the opposite is actually true. To sell your home quickly and for the best possible price, you should eliminate buyer concerns by pricing your home competitively right from the start. […]
LIVE VIDEO: National vs Knoxville Housing Market, Lumber Prices and more
Today we talk about how the Knoxville real estate market stacks up against what is happening nationally as we look at the August numbers. We talk about how it affects buyers, especially those in the entry-level market, and also how the current lumber shortage is affecting the cost of new construction homes. All that and […]
Homes In Knoxville and Across the Country Are Selling Fast
Some Highlights Buyers are actively searching for and purchasing homes at a record-breaking pace. According to the latest report from the National Association of Realtors (NAR), in July, 68% of homes were on the market for less than a month. With homes moving from listing day to pending sale in an average of just 22 days, it’s a great […]
How Low Inventory May Impact the Knoxville Housing Market This Fall
Real estate continues to be called the ‘bright spot’ in the current economy, but there’s one thing that may hold the housing market back from achieving its full potential this year: the lack of homes for sale. Buyers are actively searching for and purchasing homes, looking to capitalize on today’s historically low interest rates, but there […]
VIDEO TOUR: Take a walk through 612 Riverbend Road in Clinton, TN
UNDER CONTRACT in 1 Day with multiple offers! Charming riverfront home located 612 Riverbend Road in Clinton, Tennessee. Well kept cedar shake exterior and topped with a brand new roof. Beautiful, sprawling family room with fireplace, wood tongue, and groove/beamed ceiling, and built-ins, fills with natural light from the wall of windows looking out over […]
The Surging Real Estate Market Continues to Climb
Earlier this year, realtor.com announced the release of the Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry by tracking each of the following: Housing Demand – Growth in online search activity Home Price – Growth in asking […]
Is Now a Good Time to Move?
How long have you lived in your current Knoxville home? If it’s been a while, you may be thinking about moving. According to the latest Profile of Home Buyers and Sellers by the National Association of Realtors (NAR), in 2019, homeowners were living in their homes for an average of 10 years. That’s a long time to be in […]
VIDEO TOUR: Take a walk through 11468 Woodcliff Drive in Farragut!
UNDER CONTRACT! Beautiful, updated, 3 story home in the heart of Farragut at 11468 Woodcliff Drive, Knoxville, TN 37934. The super convenient location is minutes from shopping, parks, schools, the lake, and more. The interior of the home has a spacious kitchen featuring freshly updated quartz counters. The welcoming family room has space for friends […]
VIDEO TOUR: Take a walk through 616 East Fox Den Drive in Farragut!
SOLD! 616 E FOX DEN DRIVE, KNOXVILLE, TN 37934. Offered at $385,000. This recently remodeled home located in Farragut’s Woodchase Subdivision is conveniently located 5-10 minutes from everything you might want or need. Restaurants, grocery stores, department stores, private (Fox Den) and public golf courses, hospitals, public parks, the library, lakes, and the interstate for […]
Mortgage Rates Hit Record Lows for Three Consecutive Weeks
Over the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 3.03%. Last week’s reported rate reached the lowest point in the history of the survey, which dates back to 1971 (See graph below): What does this mean for buyers? This is huge for homebuyers. Those […]
Best Time to Sell a Home in Knoxville? When Competition Is at an All-Time Low!
In a recent survey of home sellers by Qualtrics, 87% of respondents said they were concerned their home won’t sell because of the pandemic and resulting economic recession. Of the respondents, 51% said they are “seriously worried.” That concern seems reasonable considering the current condition of the economy. The data, however, is showing that home purchasers are still […]
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