Knoxville Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Multiple Offers in Seller's Markets: Sometimes homebuyers wonder if it's even worth trying to compete against other buyers in a seller's market. It's not unusual for a seller to receive two, three, four, or even more offers when there's very little inventory on the market.

It's almost always a good idea to write an offer anyway. Somebody will be the winning offer. Why can't that person be you? 

Write Your Best Offer: Don't hope for negotiation in a seller's market. Offer your highest price, one you can live with if your offer should be rejected. Do your best!

Tim Sharp 865-705-2062  REALTOR “listing agent and buyer’s specialist Realtor”.  He can be reached by phone, email, or even by text messaging. Just Listed Knoxville Real Estate

Jan. 24, 2022

Are We in a Housing Bubble?

Are We in a Housing Bubble? Homebuyers Say Yes, Just Listed REALTORS Says No

Historically fast home-price growth has homebuyers and sellers worried the market has become detached from reality. Rising mortgage rates and buyers who can afford their homes are preventing a bubble...

What is a housing bubble?

A housing bubble is characterized by rapid unsustainable growth in home prices, eventually “bursting” when demand no longer supports the high home values, followed by sharp price declines. It’s typically caused by an influx of demand from homebuyers and real estate investors.

The housing market is much stronger than it was before and during the Great Recession. There’s a very low likelihood that home prices will go down anytime soon.

Just Listed REALTORS, real estate broker Steve Albin dives deep into the world of real estate, offering a fresh take on the latest housing news for homeowners, buyers, and daydreamers alike. While others focus on simply facilitating a transaction, we believe in delivering an extraordinary experience to our clients. 

Posted in Buying
Jan. 22, 2022

Mortgage Rates Are Surging, Will Home Prices Have To Fall?

Market Update

Mortgage Rates Are Surging,  Will Home Prices Have To Fall?

The question on every homebuyer’s mind: Will higher rates lead home prices, which have been shooting up into the stratosphere, to finally come down?

It could take a few months for prices to sort themselves out in response to the higher rates, rates will remain volatile for a while.

Higher rates will cool demand a bit, we expect house price growth to stay pretty robust in the first part of the year.

Just Listed REALTORS, real estate broker Steve Albin dives deep into the world of real estate, offering a fresh take on the latest housing news for homeowners, buyers, and daydreamers alike. While others focus on simply facilitating a transaction, we believe in delivering an extraordinary experience to our clients. https://justlistedknoxville.realgeeks.com/mortgage-rates-are-surging-will-home-prices-have-fall/

Posted in Market Updates
Jan. 12, 2022

Tennessee Homeowners Assistance Fund

We wanted to pass along this information in case you have an clients, customers, or friends who may be in need of assistance.

The Tennessee Homeowners Assistance Fund (TNHAF) program launched January 10th to assist homeowners who have been financially impacted by the COVID-19 pandemic. This assistance can be used for mortgage payments and other housing related costs. Households may apply for assistance up to $40K. To learn more and apply, homeowners should go access the HAF Application Portal at: https://thda.org/help-for-homeowners/haf.

With so many people across our state suffering from the effects of this terrible pandemic, this assistance is ready to make a big impact.

Posted in Community News
Dec. 17, 2021

Buyer Loyalty Agreement Just Listed Knoxville Real Estate

Buyer Loyalty Agreement We will provide you with the following services: 

1. First and foremost, we promise to give it our all. You can count on us to be in constant communication, be available to you, and always do the right thing. 

2. We will guide you in securing the best financing program for your specific needs with the lowest interest rate and least expensive closing costs. We will then have a pre-approval letter generated to give you a competitive advantage in future negotiations. 

3. We will provide you with regular updates from our customized interactive buyer profiling system of all of the new listings that match your criteria. This will allow you both an online preview as well as the possibility to drive by and determine which of the properties you want to tour in person. 

4. We will arrange a private showing of any home you wish to see, including new construction and For Sale By Owner (FSBO) properties. 

5. When you find a home that you want to buy, we will counsel you on the best strategies regarding the offering price, financing terms, interest rate, possession date, inspection timelines, and more. 

6. We will help you prepare your offer with the terms, provisions, and addendums weighted in your favor, with your best interests in mind. 

7. We will present the offer on your behalf, directly to the Seller when possible, and negotiate in your favor to help you secure the property at the best possible price and terms.

8. We will recommend experienced and competent vendors with respect to your total home purchase: lenders, home inspectors, appraisers, escrow companies, title companies, qualified repairmen, and legal advisors if needed. 

9. We will be available for you to answer any questions you might have at any time.

 

You agree to

 1. Seek pre-approval from a mortgage lender prior to viewing a property. 

2. Notify us of any homes that you wish to view and inform all other Agents, For Sale By Owners (FSBO’s), or Builders that you are being exclusively represented by Just Listed Knoxville Real Estate. Please keep in mind that many Builders require that we accompany you on the first visit to the property. 

3. Formulate any offer on any home (new or resale) through Just Listed Knoxville Real Estate.

 4. Have fun and trust us through the process! You will be glad that you partnered with us. 5. Acknowledge that our fee of 3% of the purchase price will be built in as part of the purchase agreement. 

6. The fact that this Buyer Loyalty Agreement expires one year from today’s date. 

7. Acknowledge that Just Listed Knoxville Real Estate is being retained solely as a real estate agent and not as an attorney, tax advisor, lender, appraiser, surveyor, structural engineer, home inspector, mold expert, or any other professional service provider. And further, acknowledge that you have been advised to seek professional advice concerning the condition of the property and legal and tax matters. 

Just Listed Knoxville Real Estate

 

Posted in Buying
Oct. 27, 2021

Fountain City Social, An 80’s-Themed Bar In East Tennessee

Celebrate The 1980’s At The Fountain City Social, An 80’s-Themed Bar In East Tennessee

The 1980s may be in the past, but there’s really nothing quite like a step back in time on date night to spice things up. Fountain City Social just opened in Knoxville, Tennessee, and although this ’80s themed bar is still fairly new, the quality is top-notch and the experience is one you can’t replicate. If you’re looking for a fun night out and about in the city, we’ve found exactly where you need to be…

During these uncertain times, please keep safety in mind and consider adding destinations to your bucket list to visit at a later date.

What a fun place to visit! Did you know there was an ’80s themed bar in Tennessee?! You can learn more about Fountain City Social either at its official website or Facebook page.

Happy fall, Tennessee! Don’t miss out on the fall foliage map that shows you when to see fall colors in Tennessee. It’s a pretty neat season we have coming up, and we can’t wait to experience it alongside all of our favorite Tennesseans.t

Address: Fountain City Social, 4842 Harvest Mill Way, Knoxville, TN 37918, USA
Posted in Community News
Oct. 22, 2021

TVA River Neighbors - October 2021

 

Greetings, River Neighbors!

Fall is one of the best times to enjoy some downtime on TVA’s public lands. After such a long, hot summer, it’s refreshing to enjoy some nice fall temperatures.

Our six managed campgrounds are scheduled to close for the winter on November 15, so you still have time to plan a trip. And don’t forget, there are plenty of dispersed recreational areas open year-round where you can enjoy some time with nature. If sleeping in a tent isn’t your preference, enjoy the comforts of home in your RV while still visiting TVA campgrounds.

What better time than Halloween to learn about bats? Bats get a bad rap, you know. International Bat Week is this month and it’s a good time to learn about what TVA does to help protect these important species.

As it gets cooler, winter drawdown will arrive at TVA reservoirs. You can stay on top of the latest information with our Lake Info app.

In our next issue we’ll include ideas and suggestions for enjoying the outdoors even in the chill. Until then, we invite you to visit a new trail, perhaps a lake you haven’t seen before. Feel free to use the hashtag #tvafun so we’ll see your pictures. Have a safe and enjoyable autumn.

Allen Clare
VP, TVA River & Resources Stewardship

 

Little fish, big comeback

The snail darter is a tiny fish that once halted an enormous project—Tellico Dam. TVA and its partners set to work making sure this endangered species was no longer endangered. Now, that milestone has been reached. Learn more about how it happened!

 

Speeding up the process – Section 26a permits

Any construction activity along or in the Tennessee River or its tributaries requires a Section 26a permit, often called a shoreline permit. Watershed Representative Jori Chatman and her colleagues assist applicants in obtaining their 26a permits. Discover what Jori’s day is like and how she works to make site visits happen sooner and get requests in the hands of TVA’s expert reviewers more readily.

 

TVA biologists find rare “livers of the rivers”

TVA biologists ended the summer by surveying the mussels of Elk River tailwaters — a 130-mile stream that flows from the base of Tims Ford Dam in Lincoln County, Tennessee to Alabama’s Wheeler Reservoir.

 

Hydro “remote control” system gets a reboot

TVA is investing $20 million to upgrade these systems that are crucial to operating our generating fleet and managing flood control.

 

Please – leave no trace when you camp

TVA’s campsites are popular attractions all year round, hosting thousands of visitors. But by leaving behind trash and litter, some campers spoil the experience for the next ones who arrive. Please help us curb littering and illegal dumping. Find out how.

 

Find your inspiration this autumn in the Valley

For as long as paint has existed, autumn has inspired artists as they blend just the right color for leaves drifting across the canvas. But a painting cannot imitate the sounds of geese flying south nor the stunning shafts of afternoon light on a fall day.

The Tennessee Valley, with its numerous streams and lakes are made for cool-weather camping, fishing or hunting. Others enjoy hiking through swirling orange and yellow leaves or trying to capture the splendor with a camera. TVA Natural Resources encourages you to find out what inspires you this fall, by discovering Explore TRV, the map guide of the Tennessee River Valley.

 

Colorful autumn hikes

The Tennessee Valley is at its best when fall brings out glorious color in the trees. Here are six spectacular hikes that even the most jaded leafers will absolutely love.

 

Ladies and gentlemen, start your paddles

Five new communities have been accepted to the Tennessee RiverTowns Program as part of the Tennessee RiverLine, North America’s next great regional trail system. As one of program’s benchmarks, these communities must each host two paddle events annually. Bottom line, ten, brand new paddling events will be available in the Valley in 2022. This is in addition to annual paddle events currently being hosted by those already in the program. Talk about a reason to travel the valley in 2022, this is it! Ladies and gentlemen, start your paddles!

 

Full-on fall camping weather is here

What do hardcore and fair-weather campers have in common? October is their favorite month to rough it in the deep woods or visit a Camp-Right Campground with everything from pup tents to a state-of-the-art RVs.

Along with the temperature, the humidity is perfect. And because October is the valley’s driest month, chances are good that every activity, from biking to fishing to photographing fall’s stunning wildflowers can be enjoyed in ideal weather. TVA Natural Resources encourages you to peruse the list of eco-friendly campgrounds that are proud to be certified Tennessee Valley Camp-Right Campgrounds.

P.S. Don’t forget to make your 2022 reservations!

 

Tennessee Valley Clean Marinas

Environmental excellence no matter the weather
It’s that time of year, when lake levels on many of TVA’s reservoirs are dropping in preparation for the heavy rains of winter. TVA prepares for the winter flood season by lowering the level of flood-storage reservoirs to make room for the runoff produced by winter storms. Discover more about the drawdown, and don’t forget to stop by a Tennessee Valley Clean Marina for information on how to safely navigate the river during fall and winter months. Get additional safe boating tips.

 

The Wayback Machine

Are you ready to pitch a tent? People come from near and far, year after year, to enjoy TVA’s campgrounds. Here, campers enjoy Rushing Creek on Kentucky Lake in August, 1966.

 

Explore with the Tennessee River Valley MapGuide
Looking for new places to explore by foot, car or boat? Check out the Tennessee River Valley MapGuide. There are plenty of things to see and do close to home.

Got a question? Pick the PLIC
TVA’s Public Land Information Center (PLIC) is your single source for answers to questions about a variety of public land topics including recreational opportunities and shoreline permits. Call (800) 882-5263 between 8 a.m. and 6 p.m. ET or submit your question using the online form.

Maintenance news
Keep up with road closings, bridge repairs, and other news.

Past issues
Browse the River Neighbors archive.

 
 
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Boone Dam Project
We publish this newsletter to keep TVA's stakeholders informed about the programs and projects associated with TVA’s environmental stewardship, recreation and river management efforts.

Our mailing address is:
Tennessee Valley Authority
400 West Summit Hill Drive
KnoxvilleTN 37902

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Posted in Community News
Oct. 3, 2021

Inflation to remain high well into 2022

JustListedREALTORS.com ® As always, I want to keep you informed of the latest happenings in our local real estate market.

Inflation to remain high well into 2022 “Fed Chair Powell” For homeowners today, as well consumers looking to buy a home, inflation is your friend. “ John Burns Real Estate Consulting, LLC.” 

Your monthly mortgage costs will be fixed for 30 years while home prices continually rise creating more home value.

Bottom, your income goes up and your biggest expense stays flat if you are a homeowner. 

Posted in Buying
July 12, 2021

What to Know About Home Inspectors.

 

The record-setting pace and sale prices in Tennessee’s real estate market are the talk of news stories, office water coolers and social media. While the Volunteer State’s strong housing market is proof that Tennessee has the right mix of leadership, employment and recreational opportunities, some consumers and real estate professionals may find themselves caught up in the breakneck pace and overlook crucial information when it comes to the role that home inspectors can play in the purchase of a home.

The Tennessee Department of Commerce & Insurance (TDCI) and the Tennessee Real Estate Commission (TREC) want to eliminate confusion that may arise when it comes to home inspections and the role home inspectors play.

Home inspections are an educational asset that can help buyers make informed choices about the home they are considering purchasing. A licensed home inspector is an independent professional apart from the real estate agent or mortgage lender who provides a visual evaluation of the property.

TREC reminds real estate professionals and consumers alike to learn what a home inspector actually does during an inspection. During an inspection, a home inspector visually inspects a home’s structural components (foundation, floors, roof and walls), windows, heating and cooling systems, plumbing and electrical systems. When the inspector has completed his or her inspection, the inspector then creates a detailed report explaining the areas of the house that require repair or could potentially become problematic in the future.

Learning what a home inspection does not entail is equally important as many consumers mistakenly think home inspectors have more duties than they are actually required by law to include.

Home inspectors are not required to:

Walk a home’s roof.

Enter a home’s crawl space.

Look for mold or microorganisms though the report might note their presence, but probably need follow-up by a specialist.

Offer or perform any act or service contrary to law.

Offer or perform any other job function requiring a license such as engineering, architectural, plumbing or electrical work.

To help eliminate confusion, TREC is sharing a new message with licensees including a press release and a blog post highlighting the work of licensed Tennessee home inspectors. For other questions or concerns please reach out to us at trec.info@tn.gov or (615) 741-2273.

Sincerely,

Caitlin Maxwell

TREC Executive Director

Posted in Buying
Jan. 8, 2021

Instant Reaction: Mortgage Rates, January 7, 2021

BlogsEconomists' Outlook

Instant Reaction: Mortgage Rates, January 7, 2021

January 7, 2021Mortgage FinancingBy: Nadia Evangelou

Mortgage rates started the new year with a new record low. The 30-year fixed mortgage rate dropped this week to 2.65% from 2.67% the previous week, although the 10-year Treasury yield is moving upwards. In fact, the 10-year Treasury yield hit 1.04% for the first time since March when the pandemic began. Yields, which rise when bond prices fall, are climbing as investors’ sentiment has been buoyed by the possibility of additional stimulus and higher government spending from the new administration that could fuel economic growth. Although yields increased sharply this week, remember that they are still historically low around 1%. In fact, yields ranged from 5% to 9% in the 1990s and 3% to 6% in the early 2000s.

 

Given that mortgage rates usually track with the 10-year Treasury note, we should closely follow the trend of the 10-year yield. Historically, the difference between the 30-year fixed-rate and the 10-year Treasury yield is around 1.8%, implying that mortgage rates will also pick up this year. However, expect mortgage rates to rise modestly hovering near record lows this year. NAR is forecasting the 10-year yield to average 1.1% and mortgage rates 3.1% in 2021, respectively.

Posted in Mortgage
Jan. 4, 2021

15 New Real Estate Reality TV Shows

Curious about what new shows you can enjoy in the new year? Check out these noteworthy picks (air dates listed if available), and learn which one (or few) is perfect for you.

1. 'Ty Breaker'

Carpenter Ty Pennington rose to fame as the host of "Trading Spaces" and "Extreme Makeover: Home Edition," and now he’s heading back to TV with his new HGTV show, "Ty Breaker," which will premiere on Jan. 11.

In this series, Pennington is joined by HGTV stars Alison Victoria ("Windy City Rehab"), Grace Mitchell ("One of a Kind"), and Sabrina Soto ("The High Low Project"), who rotate as the show's guest designers as Pennington helps conflicted homeowners decide whether to fix up their current home or start over with a new place.

This show is perfect for people torn between embarking on a big renovation or a big move, exploring the challenges and rewards of both paths.

2. 'Home Town: Ben's Workshop'

Ben Napier is known for his HGTV show "Home Town," where he and his wife, Erin Napier, rehab old homes in Mississippi. In the show, Ben is always building custom furnishings to make the houses feel more like home—and now he's getting his own show where he'll get to focus on those crafty creations.

In this new Discovery+ series out on Jan. 4, Ben will be joined by celebrity guests as he shares his expertise in carpentry and craftsmanship. This show is sure to be a win for "Home Town" fans and carpentry buffs alike.

3. 'Home Town Takeover'

It looks like the Napiers will have a busy 2021. In addition to Ben’s new solo show, the couple will premiere a new HGTV series, “Home Town Takeover,” where they renovate an entire town.

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Watch: Exclusive: HGTV's Orlando Soria Gives Us a Tour of His Home

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The town they chose for this season is the community of Wetumpka, AL, which has a population of just 8,278. That may be small, but transforming the whole neighborhood is nonetheless a massive undertaking. Take a look if you're curious about what goes into transforming the community outside your own front door.

4. 'Frozen in Time'

"Frozen in Time" follows designer Dan Vickery and Maureen McCormick(who played Marcia in "The Brady Bunch") as they team up to fix old Southern California homes that are stuck in the past. They'll take homes that were built in the '50s, '60s, and '70s and modernize them—while still preserving their vintage charm.

Fans of stuck-in-a-time-warp old homes will love seeing them morph into modern marvels on Discovery+ on Jan. 4.

5. 'Restoration Road'

Chip and Joanna Gaines are premiering many great new series on their Magnolia Network, but one—"Restoration Road"—stands out since it stars an old "Fixer Upper" friend.

The show follows Clint Harp, who's best known for his furniture creations on "Fixer Upper," as he travels the country in search of the most exciting restoration and renovation projects, like run-down barns and historic inns. It's a can't-miss for those interested in extreme fixer-uppers and beautiful destinations across the country.

6. 'Bespoke Kitchens'

Another one of Chip and Jo’s new Magnolia shows, "Bespoke Kitchens," follows Paul O'Leary, a furniture designer, and Helen Parker, an interior designer, as they whip up the most beautiful kitchen spaces.

This show is a perfect choice for any homeowner who cooks up a storm, and wants to make their kitchen even more functional and fabulous than ever.

7. 'Home Work'

While Chip and Joanna have so many exciting shows coming to Magnolia, “Home Work” speaks specifically to families who are outgrowing their homes. In this show, parents of seven Candis and Andy Meredith take an old schoolhouse and make it their dream home via some genius renovations. It's sure to inspire all who need to find clever ways to carve out more space at home for a nursery, home office, or otherwise.

8. 'Home Again With the Fords'

You may know Steve and Leanne Ford from HGTV's "Restored By the Fords," but in 2021, this brother and sister team is expanding its empire with another HGTV show.

"Home Again With the Fords" will follow the Fords as they help clients renovate their childhood homes. Anyone who's ever dreamed of making over their childhood home will love how the Fords update these spaces while preserving treasured family memories.

9. 'Everything But the House'

Need some organization motivation for the new year? Lara Spencer, host of HGTV’s “Flea Market Flip,” will star in "Everything But the House," where she helps homeowners declutter and arrange their belongings, and even auction off some surprisingly valuable items hiding in attics and basements. Whether you're curious if your antiques are worth something or just eager to let them go, here's that kick in the pants you need.

10. 'Cabin Crew'

Have you ever dreamed of living in a cozy cabin? Then you'll dig HGTV’s “Cabin Crew,” where husband and wife Ben and Loana Sargent transform old Vermont cabins and cottages into fabulous dream homes. It's a must-see for anyone who wants a little house in the woods that's decked out with all the luxuries of modern life.

11. 'Fresh Starter'

Not all homeowners have big budgets, which is why HGTV's "Fresh Starter" stars couple Austin Coleman and Raisa Kuddus as they help young clients create custom starter homes on small budgets. If you want to renovate on a shoestring, this show will give you plenty of ideas.

12. 'Self-Made Mansions'

While "Fresh Starter" focuses on starter homes, "Self-Made Mansions" is all about luxury living. This new HGTV series stars Clinton Kelly (from "What Not To Wear"), who helps self-made millionaires find the perfect home. It’s a must-watch for those looking for high-end real estate, but it's also perfect for those who just like to dream.

13. 'My Lottery Dream Home International'

If you won millions in the lottery, you'd buy a palatial mansion abroad, right? In HGTV's "My Lottery Dream Home International," British interior designer Laurence Llewelyn-Bowen will help lottery winners find their dream home in Europe. It's perfect for those fantasizing about an overseas escape in 2021.

14. 'Unfinished Business'

Have you ever started a home project and failed to finish it? HGTV's "Unfinished Business" is all about those halfway done projects. In the series, contractor Tom Reber will help families finally complete their handy home undertakings—timely inspiration for viewers dragging their feet on those quarantine upgrades they swear they'll do someday.

15. 'Inside out'

In quarantine, many Americans realized just how important outside space can be. And HGTV's new show "Inside Out," starring designer Carmine Sabatella and landscaper Mike Pyle, provides plenty of ideas to make the most of your home—inside and out. From jungle gyms to fire pits to pools and beyond, these renovations are great fuel for anyone with a large backyard and no idea what to do with it.

Jillian Pretzel is a Southern California writer who covers lifestyle, relationships, home, and money management.
Posted in TRENDS