3 Problems with the Tennessee Real Estate Market in 2024

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

What Does Contingent Mean in Real Estate?

It is very unusual to find a contract for property that doesn’t have some sort of contingency, but what does contingent really mean when it comes to real estate? A contingency is a clause in a real estate contract that gives the buyer a way out of the contract without any penalty. There are quite a few common types of…

617 Davis Valley Dr Columbia, TN

Welcome home to this gorgeous home built by Cypress Homes LLC in 2021! It’s only 2 years old and the owners are moving so now it’s time for you to enjoy this dark farmhouse home. 617 Davis Valley Dr is 2230 SQFT with 4 bedrooms. 2 of those bedrooms are on the first floor! The second main floor bedroom would…

Brixworth Homes for Sale in Spring Hill, TN

The Brixworth neighborhood has a great central location in Spring Hill, TN. It’s located in southern Williamson County and features large homes built by a variety of home builders. Homes for Sale in Brixworth – Spring Hill, TN For help with homes for sale in Brixworth or any other Tennessee neighborhood please contact Dave Townsend, REALTOR® at 931-808-6808. [optima_express_toppicks id=”1292641″…

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…

Dave Townsend, TriStar Elite Realty

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Lyndon Scott

September 6, 2023.

It was truly a pleasure working with Dave on the sale of our home! We greatly appreciated his high level of personal and professional integrity, and the manner in which he took the time to return all our communications quickly. He was always thorough and accurate with his responses to our questions. He delivered as promised, getting us over and above the amount we wanted for our home. He made the entire process simpler and less stressful for us, and we highly recommend him!

Brandee Porterfield Witton

August 1, 2022.

Dave listened to my concerns, understood what I needed, and explained everything about the sales process. He was very communicative and kept in touch with me every step of the way. He helped make my home sale easy and stress-free. I highly recommend Dave!

Manuel Ochoa

November 25, 2020.

We were looking to relocate from Illinois to Tennessee and Dave Townsend from Exit Realty Tristar came highly recommended to us. From the first conversation we had with him we immediately knew we were in the right hands. We were concerned about moving from one state to another mostly because of the unknown and we were unable to see the houses physically . If we liked a house, Mr. Townsend immediately would go to the property and send us a video of the house. The video was so detailed that it was like we were there. That gave us a tremendous piece of mind. He helped us throughout the purchasing process, it was very overwhelming but he made it easy, and he explained everything in detail. He also helped us find the right team from investment bankers, title companies, home inspectors, and he even sent us information on setting up all our utilities. We highly recommend Mr. Townsend, he is very professional, honest, and very patient. Also, it was a pleasure to work with him. He truly understands his clients interests. Thank you so very much Mr. Townsend and we can't speak highly enough about you and our entire experience! Sincerely, Ryan & Laura Flores

Justin Ferrell

September 19, 2019.

Dave was our agent for months as we were making the transition to moving to TN. He guided us through what was a stressful time for us with the utmost patience and professionalism. He is talented, resourceful, and a decent human being. We highly recommend him and can’t thank him enough for getting us in to our new home.

Ashley Garcia

April 24, 2019.

Dave was the second agent my fiancé and I worked with when we moved to Spring Hill. He is an amazing agent who will go above and beyond for his clients, answer your questions quickly, and is extremely knowledgeable of the area. There wasn’t a question we asked that he didn’t know the answer to. Our budget was on the lower end for Spring Hill but David made sure we saw everything on the market that may fit our needs and was patient when we were picky. I work for a real estate team in Chattanooga and wish we had more agents like Dave working with us. Thank you so much for all your help with finding a home!

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