Last week, the average 30-year fixed mortgage rate from Freddie Mac inched up to 3.1%, and experts project rates will continue rising through 2022: “The 30-year fixed-rate mortgage was 2.9% in the third quarter of 2021. We forecast mortgage rates to increase slightly through the remainder of the year and reach 3.0%, rising to 3.5% for full year 2022.” If […]
4 Ways Knoxville Homeowners Can Use Their Equity
Your equity is a powerful tool that can help you achieve your goals as a homeowner. And chances are, your equity grew substantially over the past year. According to the latest Equity Insights Report from CoreLogic, homeowners gained an average of $51,500 in equity over the past year. If you’re looking for the best ways to use your growing equity, here […]
What’s Happening with Home Prices in Knoxville?
Many people have questions about home prices right now. How much have prices risen over the past 12 months? What’s happening with home values right now? What’s projected for next year? Here’s a look at the answers to all three of these questions. How much have home values appreciated over the last 12 months? According to the […]
East Tennessee Homes with Acreage – 181 Serenity Lane
Looking for East Tennessee homes for sale with acreage? Here is your little slice of East Tennessee paradise located at 181 Serenity Lane, Clinton, TN 37716! The name says it all, Serenity! Beautiful log cabin built in 2015 on 18.55 acres on the outskirts of Knoxville, Tennessee. Do some exploring of the acreage and you’ll […]
Knoxville Home Sellers Are in a Sweet Spot [INFOGRAPHIC]
Some Highlights In today’s sellers’ market, you’re set up to win big when you list your house in Knoxville. That’s because Knoxville homes are selling fast, receiving 4.4 offers on average and often selling above the asking price. Then, when you buy your next home, you’ll also win by addressing your changing needs and taking advantage of near historic-low mortgage rates. If you’re […]
Home Price Appreciation and What It Means for Sellers in Knoxville
When you hear the phrase home price appreciation, what does it mean to you? Through context clues alone, chances are you know it has to do with rising home prices. And as a seller in Knoxville, you know rising home prices are good news for your potential sale. But let’s look past the dollar signs and […]
Diving Deep into the Biggest Concerns of Today’s Knoxville Home Buyers
Last week, Fannie Mae released their Home Purchase Sentiment Index (HPSI). Though the survey showed 77% of respondents believe it’s a “good time to sell,” it also confirms what many are sensing: an increasing number of Americans believe it’s a “bad time to buy” a home. The percentage of those surveyed saying it’s a “bad time to buy” hit […]
Experts Agree Home Prices Will Continue to Appreciate
It’s clear that consumers in Knoxville and beyond are concerned about how quickly home values are rising. Many people fear the speed of appreciation may lead to a crash in prices later this year. In fact, Google reports that the search for “When is the housing market going to crash?” has actually spiked 2450% over the past month. In […]
Dreaming of a Bigger Home in Knoxville? Why Not Buy It This Year?
Are you clamoring for extra rooms or a more functional floorplan in your Knoxville home? Maybe it’s time to make a move. If you’ll be able to work remotely for the long-term or your overall needs have simply changed, it’s a great time to sell your house and move up. Why? With mortgage rates in […]
6104 Seabury Court, Knoxville, TN 37931 – Homes for sale in Karns TN
CLICK ABOVE TO WATCH THE VIDEO TOUR! One level living PLUS completely separate living quarters (which includes it’s own kitchen, family room, bathroom, bedroom, and laundry!) Total of 4 bedrooms and 3 full baths. Located on a cul-de-sac street in Karns, just minutes from shopping, restaurants, and Karns schools.
723 Bryant Terrace, Powell, TN 37849 – Homes for sale in Powell TN
CLICK ABOVE TO WATCH THE VIDEO TOUR! Super convenient location is just minutes from shopping, restaurants, and the interstate. Hard to find custom 1.5 story home in the heart of Powell featuring a split floor plan with 3 BEDROOMS ON THE MAIN LEVEL plus a 4th bedroom and bonus room upstairs. Vaulted ceilings make the […]
This Isn’t a Housing Bubble. It’s Simply Lack of Supply. [INFOGRAPHIC]
Some Highlights In a recent article, Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), discussed the state of today’s housing market. When addressing whether or not today’s high buyer competition and rising home prices are evidence of a housing bubble, Yun said that this “is not a bubble. It is simply lack of supply.” Today’s Knoxville housing […]
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