10 home staging secrets to help you sell your Knoxville home

Here are 10 home staging secrets that can help you sell your home sell. 1. Declutter. Clutter can be one of the biggest distractions to a potential buyer.  Instead of focusing on the home they end up looking at all the stuff.  Don’t throw it away, but pack it up and store it out of [...]

Mortgage rates dropped this past week due to labor reports

Long-term mortgage rates fell in the week ending May 12 due to a “mixed” employment situation report, the U.S. Federal Home Loan Mortgage Corp. said Thursday. Average interest rates for 15-year and 30-year mortgages both dropped in the week ending Thursday with 15-year, fixed-rate loans slipping from 3.89 percent to 3.82 percent with 0.7 points. [...]

Knoxville Real Estate Market Update for April

Although all real estate markets are local, we can get a feel for what to expect in the Knoxville real estate market when looking at the national numbers.  Existing home sales, that is homes that actually closed, were up 3.7% in March which is a pace of 5.10 million homes.   These numbers show an increase [...]

Spring has sprung and Knoxville real estate and beyond has as well

The spring sales season is underway in the Knoxville real estate market and beyond.  Sales of existing-home sales rose nationally in March, continuing an uneven recovery that began after sales bottomed last July, according to the National Association of Realtors®. Existing-home sales1, which are completed real estate transactions that include single-family, townhomes, condominiums and co-ops, [...]

VIDEO: February Pending Home Sales Rise Nationally

Pending home sales increased nationally in February but with notable regional variations, according to the National Association of Realtors®.  Pending home sales in the South which would included the Knoxville area increased 2.7 percent to an index of 100.3 but are 5.3 percent below a year ago. The Pending Home Sales Index,* a forward-looking indicator, [...]

VIDEO: Answers to important questions on today’s real estate market

While we know the Knoxville real estate market differs from many across the nation, it is good to understand what is happening nationally. When can we expect the unemployment rate and the housing market to return to normal? Why do overly stringent conditions exist in the mortgage market? NAR’s chief economist, Lawrence Yun, provides answers [...]

Experts say think twice about reducing your home owners insurance

In today’s world of never ending news of national home values depreciating, many homeowners are contemplating reducing their homeowners insurance coverage.  Experts warn that even though your Knoxville property value may have dropped, lowering your coverage amount may leave you with insufficient coverage should a disaster strike.  “The market value of your Knoxville home and [...]

Don’t lose Knoxville real estate buyers over minor repairs

You’ve secured a buyer for your Knoxville home, agreed on the price, and now the home inspection report comes back.  The inspector has found some minor issues that the buyer would like you to have fixed.  Do you stand your ground or do you go to the wallet and make the repairs?  Now is the [...]

NAR Chief Economist sees gradual housing market improvement in 2011.

Good news for the national real estate market can only effect the Knoxville real estate market positively. While all real estate is LOCAL we look to this good national news to help improve the overall economy.  Pending home sales rose again in November, with the broad trend over the past five months indicating a gradual [...]

Knoxville Mortgage rates drop back after consecutive weekly increases

Long-term mortgage rates dipped a bit in the week before Christmas, according to Freddie Mac. The mortgage giant reported that interest on 30-year, fixed loans averaged 4.81 percent — down from 4.83 percent the week before and 5.05 percent a year earlier. The 15-year, fixed rate, meanwhile, averaged 4.15 percent compared to 4.17 percent the [...]

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