The market has shifted….and that’s a good thing! Do not get confused by the verbiage. Deceleration and Depreciation are two different things. Our market is showing deceleration which means that homes are still appreciating just at a much slower pace than this time last year. I noticed the shift with my buyers and sellers in […]
Market Report: August 2022 Demand for our area remains high, but we are seeing a deceleration in the housing market. What does that look like? There are three reasons why it’s still a great time to buy in a shifting market. 1.) Less multiple offers to compete with. In April sellers were seeing 5 […]
Demand for our area remains high, but we are seeing a deceleration in the housing market. What does that look like? The outcomes of recent contracts prove that we are at a turning point. The four homes my clients have under contract saw fewer showings and less multiple offers, sellers paid for buyers home warranties […]
Market Report: JUNE 2022 Demand for our area remains high, but we are seeing a deceleration in the housing market. The news can be daunting but I follow some of the leading experts in economics, banking and real estate and the market shift is not as scary as the news makes it out to be. […]
Market Report: May 2022 Demand for our area remains high, and it’s having a positive effect on prices. National data shows that home sales have been on the rise since January which means more options for buyers in the low inventory market. According to Realtor.com the growth is expected to continue. Despite rising prices, homes […]
Market Report: Demand for our area remains high, and it’s having a positive effect on prices. As much as buyers want to check all the boxes when buying a home, some are realizing that they may have to do without some things. Buying new construction and closing in 5 months have agents and their buyers […]
Demand for our area remains high, and it’s having a positive effect on prices. Average rate of appreciation for homes the last quarter hovered around 4.15%. Over the past YEAR we have had 16% appreciation in Tennessee. Rates will continue to increase over the next few quarters so do not delay if you are planning […]
Market Report: Demand for our area remains high, and it’s having a positive effect on prices. While home prices and mortgage rates are rising so are monthly rents. Annual rent growth was more than 3X that of a year earlier. Todd Teta, chief Product Officer at ATTOM Data, says: “…Home Ownership still remains the more […]
Demand for our area remains high, and it’s having a positive effect on prices. According to Danille Hale, chief economist at Realtor.Com states that, “Affordability will increasingly be a challenge as interest rates and prices rise, but remote work may expand search area and enable younger buyers to find their first homes sooner than they […]
Demand for our area remains high, and it’s having a positive effect on prices. Living on your own and wanting to buy…the dream can become a reality. “Almost 28% of homeowners are solo persons and the number is rising,” according to Freddie Mac. Despite rising prices, homes continue to move fast, still! A few things […]
