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A look at Knoxville’s hot housing market

Housing Wire

Many are eyeing scenic East Tennessee, where Knoxville and its surrounding suburbs have formed one the country’s hottest housing markets. Currently on Realtor.com , more than 2,000 homes are currently on the market in Knoxville with an average listing price of $270,000. year-over-year. year-over-year.

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Home sellers are returning to the market

Housing Wire

The weekly volume of new listings is now higher than at anytime last year. It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. The bearish take is that there are many more sellers than buyers and inventory is rising. housing market at the end of April 2024.

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November Housing Update

Will Springer Realtor

The housing market in and around King County was moving along swimmingly at the start of 2022, with homes selling briskly and buyers taking advantage of interest rates in the 3s. and jump in mortgage rates of 4 percentage points has created a housing market belly flop. We are in a new phase of the housing market cycle.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

years, according to recent data, when it was only about five years just before the housing market crash of 2007. The typical seasonal spring in its step has been replaced by a slow shuffle as the Seattle/King County residential market tries to find its rhythm in a challenging economic environment. I love the listing video !

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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

DID SOMEBODY SAY, ‘HOUSING BUBBLE?’. Are we in a housing bubble? The housing market has become bubbly,” said economist Enrique Martinez-Garcia of the Federal Reserve Bank of Dallas. He was one of the authors of a recent report that found signs of a housing bubble in the real estate market. a month ago.

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HOME BUYERS FACING ‘TRIPLE-WHAMMY’ EFFECT

Will Springer Realtor

People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. market in the last decade, reported FilterBuy.com. For our housing market, it’s time to have that talk. Inventory remains a big concern. months (6 days) of single-family inventory. There are 0.4

Buyers 36
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IN DIRE NEED OF GENERATIONAL RESPONSE TO HOUSING SHORTFALL

Will Springer Realtor

POTENTIAL TAX SAVINGS. Skyrocketing property values in our area have their downsides. Owners face higher annual property taxes, and many are reporting difficulty paying, particularly older residents on fixed incomes. The county’s Assessors Office issues its updated property assessments between now and November.