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 […]
Market Report: Demand for our area remains high, and it’s having a positive effect on prices. Experts are already projecting mortgage rates to rise in 2022. Freddie Mac stated recently that, “the average 30 year fixed rate is expected to rise to 3.5% in 2022.” By historical standards that is still extremely low and […]
Demand for our area remains high, and it’s having a positive effect on prices. If you were able to invest $3500 today with the possibility of doubling your money in one year would you hear me out? The average American in Tennessee gained around $37K the past year in home equity. When it’s time to […]
Market Report: Demand for our area remains high, and it’s having a positive effect on prices. It’s a sellers market but buyers and sellers need to be aware of the APPRAISAL GAP when offers are submitted. Many buyers are willing and able to pay above the appraised amount. Lenders have learned to reconfigure loans […]
