Skip To Content

Monthly Archives: July 2021

    A Look at Housing Supply and What It Means for Sellers

    By Matt Shelton | July 28, 2021

    One of the hottest topics of conversation in today’s real estate market is the shortage of available homes. Simply put, there are many more potential buyers than there are homes for sale. As a seller, you’ve likely heard that low supply is good news for you. It means your house will get more attention, and likely, more offers.... Read More

    Remote Work Has Changed Our Home Needs. Is It Time for Your Home To Change, Too?

    By Matt Shelton | July 22, 2021

    Over the past year, many homeowners realized what they need in a home is changing, especially with the rise in remote work. If you’re longing for a dedicated home office or a change in scenery, now may be the time to find the home that addresses your evolving needs. Working from Home Isn’t a Passing Fad Before the... Read More

    Diving Deep into Today’s Biggest Buyer Concerns

    By Matt Shelton | July 20, 2021

    Last week, Fannie Mae released their Home Purchase Sentiment Index (HPSI). Though the survey showed 77% of respondents believe it’s a “good time to sell,” it also confirms what many are sensing: an increasing number of Americans believe it’s a “bad time to buy” a home. The percentage of those surveyed saying it’s a “bad time to buy” hit... Read More

    Why This Isn’t Your Typical Summer Housing Market

    By Matt Shelton | July 14, 2021

    In real estate, it’s normal to see ebbs and flows in the market. Typically, the summer months are slower-paced than the traditionally busy spring. But this isn’t a typical summer. As the economy rebounds and life is returning to normal, the real estate market is expected to have an unusually strong summer season. Here’s how... Read More

    Selling Your House? Make Sure You Price It Right.

    By Matt Shelton | July 12, 2021

    There’s no denying we’re in a sellers’ market. With low inventory and high buyer demand, homes today are selling above the asking price at a record rate. According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR): Homes typically sell within 17 days (compared to 26 days one year ago). The average home sold has five offers to pick... Read More

    Knoxville Rent Increases 5.2% in June 2021

    By Matt Shelton | July 8, 2021

    Rent in Knoxville, TN, increased 5.2% in June versus a national average of 2.3% according to the Knoxville Rent Report by Even more startling in the report is the 19.4% annual increase over June 2020. Apartment Rent reports that median rent in Knoxville is $956 for a single bedroom apartment and $1,194 for a... Read More

    Home Builders Ramp Up Construction Based on Demand

    By Matt Shelton | July 6, 2021

    If you’re thinking of buying a home, there really is no time like the present. With today’s low mortgage rates, you have a great opportunity to get more home for your money. The challenge is inventory. Like you, many buyers want to capitalize on these market conditions, and it’s leading to more buyer competition and bidding... Read More