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
The Pros and Cons of New Construction Homes
New construction homes offer many advantages to homebuyers, including customization, energy efficiency, and modern amenities. However, there are also some drawbacks to consider, such as higher costs, longer wait times, and limited negotiation options. It’s important for buyers to carefully weigh the pros and cons of new construction homes before making a decision. In this way, they can make an…
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…
1000 Peyton Place Columbia, TN 38401 – The Estates at Prince Farms
Welcome to 1000 Peyton Place Columbia, TN! This home greets you as you enter The Estates at Prince Farms. The Estates at Prince Farms, when completed, has 28 total homes all on 1 acre lots. All homes in the development are being constructed by the Howell Building Group. This is a modified version of the Kensington Floor Plan. 1000 Peyton…
Homestead Homes in Middle TN for Sale
More and more people these days are desiring the peace and tranquility that lies with being in the country. There is a growing trend of people wanting to get back to the land and be able to grow more of their own food, be more self-sufficient, and enjoy the freedom of the farmstead. On this page you will find some…