865 Real Estate

East Tennessee Real Estate & Neighborhood Source

Have Home Prices Increased? Yes. But So Has Rent!

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Much has been written about how residential real estate values have increased since the housing market started its recovery in 2012. However, little has been shared about what has taken place with residential rental prices. Let’s shed a little light on this subject. In the most recent Apartment Rent Report, RentCafe explains how rents have continued to increase […]

Where you livin’? Renting Vs. Owning

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Some Highlights: Owning your own home vs. renting may lead to some great options, such as locking in your monthly payments and having the freedom to customize your living space. Whether you rent or own, you have to cover someone’s mortgage costs. You may as well be doing so to build your own wealth, rather […]

5 Powerful Reasons to Own Your Home Instead of Renting

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Owning a home has great financial benefits. In a recent research paper, Homeownership and the American Dream, Laurie S. Goodman and Christopher Mayer of the Urban Land Institute explained: “Homeownership appears to help borrowers accumulate housing and nonhousing wealth in a variety of ways, with tax advantages, greater financial flexibility due to secured borrowing, built-in ‘default’ […]

Owning Costs Less While Renters Paying Substantially More

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In a recent Insights Blog, CoreLogic reported that rent prices have skyrocketed since 2005. Meanwhile, the typical mortgage payment has actually decreased. “CoreLogic’s national rent index was up 36% in December 2018 compared with December 2005, while the typical mortgage payment was down 4% over that period.” Why the difference between the costs of renting versus owning? It […]

Today’s Homebuying Myths Slayed! [INFOGRAPHIC]

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Some Highlights: The average down payment for first-time homebuyers is only 6%! Mortgage interest rates have been on the decline since November! Hop in now to lock in a low rate! 88% of property managers raised their rents in the last 12 months! The average credit score on approved loans continues to fall across many […]

What Credit Score Do You Need To Buy A Home in Knoxville?

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There are many misconceptions about the credit score needed to buy a house in Knoxville. Recently, it was reported that 24% of renters believe they need a 780-800 credit score to be considered for a mortgage. The reality is they are misinformed! Only 25% of the Americans have a FICO® Score between 740 and 800. Here is […]

4 Reasons To Buy A Home This Spring In Knoxville

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Spring has sprung in Knoxville, and it’s a great time to buy a home! Here are four reasons to consider buying today instead of waiting. 1. Knoxville Home Prices Will Continue to Rise CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 4.4% nationally over the last 12 months. The same report predicts […]

Renters! Don’t Get Caught in The Trap!

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Every year around this time, we take time to reflect and plan for next year. If you are renting your current home but have dreams of homeownership, your plan for the new year may include buying, and you wouldn’t be alone! According to the 2018 Bank of America Homebuyer Insights Report, 74% of renters plan on […]

Why is buying a home better than renting? It makes “CENTS!”

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The American Dream of homeownership is alive and well. Before you sign another lease, let’s get together to help you better understand all your options. Call Troy Stavros with CornerStone Realty Associates today at 865-999-0925 or 888-388-DOOR xt. 707.

Searching Homes for Rent Knoxville TN? Think again!

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Are you ready to get out of an apartment and into something larger? Searching homes for rent Knoxville TN? You might want to think twice about that.  Here is why.  A recent study by the National Association of REALTORS® that studied “income growth, housing costs and changes in the share of renter and owner-occupied households […]