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A look at Knoxville’s hot housing market

Housing Wire

. “I never know how my day is going to go, because when a new listing comes on the market in Knoxville, the race is on. Presented by: Radian. ” Grebe said 78% of homes sold in May went for list price or above, and 40% of those sold for at least 26% above list price. It’s like a horse race.

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HOME BUYERS FACING ‘TRIPLE-WHAMMY’ EFFECT

Will Springer Realtor

The affordability question is becoming more difficult to justify too, as home prices and interest rates rise amid other challenges facing buyers.“That’s Buyers with the deepest pockets may wait, however. home buyers. Yes, buyers and sellers, we are in a rare price correction period for single-family home sales in King County.

Buyers 36
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The 22 must-have real estate marketing tools for 2024

Housing Wire

If you target luxury buyers and sellers, it’s worth considering this investment, which also comes with the ability to choose a DIY or done-for-you build-out. Canva is perfect for everything from new listings to brand promotion. This “P” includes not just the physical characteristics of the property (square footage, design, etc.)

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SEATTLE ‘WALKING’ TOWARDS URBAN CONNECTEDNESS

Will Springer Realtor

New owners here spend an average of $232.5K on first-year costs, including a 20% down payment, closing costs, monthly mortgage, insurance and property taxes. The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so.

Sellers 36
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Will Springer Realtor - Untitled Article

Will Springer Realtor

Except for the pandemic year of 2020, last month was the slowest April since at least 2008 when easy access to Northwest Multiple Listing Service data became available. The figure was 37% lower than a year ago and, for context, the five-year average of new listings for the month just before the pandemic began was 4021.

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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

Thankfully, the 2024 planned opening of Link light rail ’s East Link Extension to Bellevue and Redmond will present a viable option if living on the other side of Lake Washington. That’s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago.