This Week. The median list price in KNOXVILLE

National and County-wide news sources are slow ( The lag time for existing-home sales is typically 60-90 days national the data takes into account when a buyer actually closes on the home.) and do not accurately represent what is happening in our local market. 

It's important to stay informed about conditions impacting our local neighborhood. I hope you find it useful. These market reports are updated weekly so you can be "ahead of the curve" as to a more reflective information of the housing market the direction the housing market is headed.

This Week. The median list price in KNOXVILLE, TN this week is $176,900. Inventory is tightening and days-on-market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.

Supply and Demand Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer's market to a Seller's market.

Price The market has been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

Housing out-performed other portions of Tennessee's economy in the second quarter.
Business & Economic Research Center | Jones College of Business | Middle Tennessee State University. Tennessee Housing Market: 2nd Quarter 2013 Knoxville Over-the-year sales are 18.8% higher.826

This Week. The median list price in KNOXVILLE, TN this week is $176,900. Inventory is tightening and days-on-market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.

Supply and Demand Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer's market to a Seller's market.
Price The market has been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

Housing out-performed other portions of Tennessee's economy in the second quarter. Business & Economic Research Center | Jones College of Business | Middle Tennessee State University. Tennessee Housing Market: 2nd Quarter 2013 Knoxville Over-the-year sales are 18.8% higher.826

Let’s go shopping for your Knoxville area home! http://justlistedknoxville.com/trends/

We are observing a more vigorous house price recovery and we are forecasting prices in the metro Knoxville area to appreciate over the next 12 months. A trend that should continue for the rest of 2013 into 2014. 

Dolly Parton announces new resort, coaster in 10-year, $300M expansion

Dolly Parton announces new resort, coaster in 10-year, $300M expansion
In Gatlinburg, Pigeon Forge and Sevier County there are 10,500+ overnight rental properties with a collective investment value of nearly $2 Billion dollars. Forbes lists Sevierville, Tennessee in top ten 'Fastest Growing Small Towns' Despite the Great Recession, these places have seen populations pop. Dolly Parton's hometown, Sevierville, Tennessee is the eighth oldest town in Tennessee--and one of its fastest growing. The magazine Forbes lists it as the tenth fastest growing small cities in the United States.
Looking for a Log Home for a Permanent Resident or a future permanent resident you might want to consider on with a Garage. A lot of owners do not think of this when initially looking for a possible permanent resident log home in the Smokies, because a lot of the log home are for rental investments. The reasons for this are numerous. ... I would encourage you to plan now -- in the design phase -- so you don't find yourself second-guessing, you could alleviate a lot of headaches later.
Properties on the DOORSTEP of the Great Smoky Mountains National Park MLS Listings from Every REALTOR From Every Real Estate Company that allows buyers to see all the area MLS LISTINGS in one location. Get used to getting more!
In the Smokies you could do everything....or nothing at all.
Then again, you could relax with a glass of wine on your deck, against the backdrop of a spectacular sunset. http://www.youtube.com/watch?v=FO1tOXFwHoM&feature=share&list=UUm6MGWU_Oa7KjyzNWttUehA
http://www.justlistedsmokies.com

FHA Waives Foreclosure Waiting Periods Via Its “Back To Work

YES this Year I'm going to Buy a HOME of My OWN.

For Immediate Release: Mortgagee Letter 2013-26 Date: August 15, 2013| Effective Immediately, FHA Waives Foreclosure Waiting Periods Via Its “Back To Work – Extenuating Circumstances” 

FHA is continuing its commitment to fully evaluate borrowers who have experienced periods of financial difficulty due to extenuating circumstances. 

As a result of the recent recession many borrowers who experienced unemployment or other severe reductions in income, were unable to make their monthly mortgage payments, and ultimately lost their homes to a pre-foreclosure sale, deed-in-lieu, or foreclosure. Some borrowers were forced to file for bankruptcy to discharge or restructure their debts.

Because of these recent recession-related periods of financial difficulty, borrowers’ credit has been negatively affected. FHA recognizes the hardships faced by these borrowers, and realizes that their credit histories may not fully reflect their true ability or propensity to repay a mortgage.

To that end, FHA is allowing for the consideration of borrowers who have experienced an Economic Event and can document that: certain credit impairments were the result of a Loss of Employment or a significant loss of Household Income beyond the borrower’s control; the borrower has demonstrated full recovery from the event; and, the borrower has completed housing counseling.

We offer you a simple, no-commitment step, conducted by e-mail or on the phone, from your information you fill out on our form online or you can visit JustListedKnoxville.com/Loans to contact lenders direct. The loan officer will ask you a few simple question and will be able to answerer your questions after you reveal a few basics — to narrow down your mortgage options based on your individual needs then the loan office can answer questions like: "Do I qualify for a loan?" and "How much can I borrow?" It's quick, it's easy.http://justlistedknoxville.com/loans/

HUGE bedroom... New carpet and paint

For SALE!!! — with Tina Whetsell-Mounger REALTOR. — HUGE bedroom... New carpet and paint...Hardwood to be installed Beautiful neighborhood.... http://stevealbin.idxre.com/homes/74/7713/220-HILLSBOROUGH-LANE-LENOIR-CITY-TN-37772/852873

What will YOU do TODAY?

 What will YOU do TODAY?

In the Smokies you could do everything....or nothing at all. Then again, you could relax with a glass of wine on your deck, against the backdrop of a spectacular sunset. http://www.justlistedsmokies.com/

2012-13 Cost vs. Value: Make the First Impression Count When Selling

 Updating the outside of a home pays off, according to this year’s Cost vs. Value Report. Real estate professionals ranked exterior improvement projects as winning the buyers’ eye and providing sellers with the most return on investment.

 Tina and Steve give no-nonsense real estate advice to buyers and sellers most pressing questions. "Steve Albin is a Tennessee Real Estate Broker" and a "Certified Residential Specialists"

 The highest compliment for us, is for you to share this content with everyone you know who might benefit from the information. Thank you!

 Less Time on the Market - More Money - Less Hassle - Fewer Reductions - More Multiple Offers http://justsoldknoxville.com/  
 Tina and Steve give no-nonsense real estate advice to buyers and sellers most pressing questions. "Steve Albin is a Tennessee Real Estate Broker" and a "Certified Residential Specialists"    The highest compliment for us, is for you to share this content with everyone you know who might benefit from the information. Thank you!    Less Time on the Market - More Money - Less Hassle - Fewer Reductions - More Multiple Offers http://justsoldknoxville.com/