Blog
Mortgage Buydowns: What They Mean for Combating Interest Rates
We wanted to talk through a hot, new, housing market trend called Mortgage Buydowns.A “mortgage buydown” is a financing agreement where the buyer, seller, or builder will pay mortgage points, also known as discount points, at closing to obtain a lower interest rate for a limited duration. This one-time fee will cover the difference between... Read More
December 2022 Market Update
-National Market Update- December 2022 brought 4.02 million in sales, a median sales price of $366,900, and 2.9 months of inventory. The median sales price is up 2.3% year-over-year, and inventory was up 1.7 months from December 2021. If you are curious what the market is like in your neighborhood specifically, give us a call... Read More
Mortgage Rates and Affordability
According the the NAtional Association of Realtors: Mortgage rates started the new year near the 6.5% threshold. According to Freddie Mac, the 30-year fixed mortgage rate rose to 6.48% from 6.42% in the last week of 2022. Although rates are more than double a year ago, rates will likely stabilize below 6% in 2023 as... Read More
November 2022 Market Update
Existing-home sales fell for the tenth consecutive month to a seasonally adjusted annual rate of 4.09 million. Sales slipped 7.7% from October and 35.4% from the previous year. The median existing-home sales price rose to $370,700, an increase of 3.5% from one year ago. The inventory of unsold existing homes retreated for the fourth straight... Read More
Autumn Seasonal Decor
As autumn approaches, we know many of you are looking to get into the seasonal spirit. Now, not everyone loves going in depth with pumpkin and halloween decor…so we thought we would share some more “elevated” autumnal inspiration that just might be what you’re looking for! -Adding in warmer toned pieces, like deep orange vases... Read More
Decorating for the Seasons
If you are looking to cozy up your home with some winter inspired decor, here is your inspiration! Sometimes, decorating for the holiday season can be a little daunting. It can mean having to keep/store festive decorations all year in the attic or garage. And sometimes, it can be a little “too festive”. If you... Read More
Be The Influencer! Make the Big Money with HOUSE HACKING!
As the economy has shifted over the past few months – I’ve had a lot of people expecting to get “more house” for less again. Unlike most of the country – where real estate values have given back most of what was gained during the pandemic – Knoxville and most of East Tennessee have continued... Read More
October 2022
October National Market Update Are you curious what the National Market looks like? That’s what we are here for! October 2022 brought 4.43 million in sales, a median sales price of $379,100, and 3.3 months of inventory. The median sales price is up 6.6% year-over-year, and inventory was up 0.9 months from October 2021. Give... Read More