2023 was a rocky year in Rocky Top with the housing market. Sales numbers are down significantly while the home prices are even higher. What is all this happening? What can we expect from the 2024 Tennessee Real Estate Market? There are 3 problems in the Tennessee Real Estate Market that we will be concerned about in 2024: Home Prices, Inventory, and Rates. Together these three issues create a significant impact to both home buyers and home sellers in Tennessee.
Check out this video below for more on these three problems with the Tennessee Real Estate Market in 2024
3 Problems with the Tennessee Real Estate Market in 2024
Is Fall a Good Time to Sell a Home?
There can be a lot of reasons why you need to sell a home in the fall or winter. Maybe you’ve just gotten a new job or been transferred. There could be a family need that requires you to move to be near relatives. Or maybe you just seen your dream house hit the market and you need to list…
Oak Lake Estates and Glen Oaks Sales Update 2-28-2019
The Spring Hill, TN Real Estate market is still very hot but we are experiencing a balance beginning to return for buyers. We’ve been slanted heavily toward sellers for a while now. Here’s a quick look at the real estate market in Oak Lake Estates and Glen Oaks of Spring Hill. As you can see by the chart below there…
Why You Should Have a Home Inspection and Use an Agent for New Construction
Yesterday I read a post on Facebook in a local Spring Hill, TN group where someone bought a home that was new construction. After purchasing the home all kinds of defects became apparent. The builder had apparently discouraged a home inspection and the buyer was not represented with an agent for new construction. Why Should You Have A Home Inspection…
The Real Estate Market, Where We Are Now
To completely understand where the real estate market is today you need a little background on how we got here. Back in 2020 (cue the flashback music) the Federal Reserve did a number of things because they assumed our economy would tank due to Covid 19. They lowered the Fed Funds rate (the rates that banks use to borrow from…