Are you a homeowner considering selling your house? Wondering if it’s the right time? Well, here’s some good news: despite higher mortgage rates, buyer traffic is on the rise. Recent data from the ShowingTime Showing Index, which measures buyers actively touring homes, reveals a significant increase in buyer demand over the past few months. Even […]
APRIL 2023 East Tennessee and Knoxville Housing Market UPDATE
The Current Housing Market in East Tennessee: Rising Prices, Low Inventory, and High Demand The Knoxville real estate market and the broader East Tennessee region are experiencing a significant surge in housing prices due to a combination of factors, including an incredibly low inventory of homes for sale and a high demand driven by an […]
MARCH 2023 East Tennessee & Knoxville Housing Market Update
Knoxville Real Estate Market Shows Signs of Growing Beyond Its Affordable Reputation The Knoxville real estate market has always been known for its affordability, but new data shows that the city’s median listing price is now higher than the national average. This suggests that the competitive advantage of Knoxville’s affordability may be slipping away, making […]
Why A Smaller Home in East Tennessee May Be The Best Fit
When it comes to buying a home in East Tennessee, bigger isn’t always better. In fact, there are many advantages to purchasing a smaller home that can make it a wise financial decision.One of the most significant benefits of buying a smaller home is the cost savings. Smaller homes in Knoxville generally have lower utility costs, […]
Almost Half of the Homes Sold in Farragut in March were CASH or At or Above List Price!
Almost 1/2 (45%) of the homes sold so far in March in Farragut have been for cash or at/above their listing price (some both). We saw some sell for over $100K above their list price! I go over these sales in the video along with the breakdown of the sold prices and subdivisions. Lack of […]
Homes for sale in East Tennessee : MARCH 2022 Housing Market Update
In today’s video, we dive into the East Tennessee real estate data for the month of March 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 […]
East Tennessee Homebuyers: Be Ready To Act This Winter
To succeed as a buyer in today’s East Tennessee market, it’s important to understand which market trends will have the greatest impact on your home search. Danielle Hale, Chief Economist at realtor.com, says there are two factors every buyer should keep their eyes on: “Going forward, the conditions buyers face are primarily dependent on two things: mortgage rates and […]
Advice for First-Generation Homebuyers in East Tennessee
The sense of pride you’ll feel when you purchase a home in East Tennessee can’t be overstated. For first-generation homebuyers, that feeling of accomplishment is even greater. That’s because the pride of homeownership for first-generation buyers extends far beyond the homebuyer. AJ Barkley, Head of Neighborhood and Community Lending for Bank of America, says: “Achieving this goal […]