Buying a Home

Nov. 1, 2023

Is a 7 1 ARM a good idea right now

A 7/1 adjustable-rate mortgage (ARM) is a hybrid home loan product. Homeowners make fixed monthly mortgage payments at a set interest rate for the first seven years. After that time passes, a 7/1 ARM's rate can increase or decrease on an annual basis for the rest of ...

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Oct. 26, 2023

Mortgage Rates Continue to Climb Toward Eight Percent

October 26, 2023 12:00 PM EDT
Mortgage Rates Continue to Climb Toward Eight Percent

MCLEAN, Va., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7 ...

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Oct. 23, 2023

Disclosing Adverse Effects

Disclosing Adverse Effects

Q: If a list agent and seller receive a copy of the home inspection and the deal falls through, does the agent and seller have to disclose adverse effects?

 A: The Seller should consult their own attorney about their disclosure obligations.

The listing agent has a statutory ...

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Aug. 11, 2023

You Never Know What's Going On Inside A Home(s) Stay till the end to see a perfect Ohio home.

You Never Know What's Going On Inside A Home(s)

Stay till the end to see a perfect Ohio home.

1. On today’s first You Never Know What’s Going On Inside A Home. This is Part 35 and it’s really perfect and beautiful inside. 101/100 no notes. This ...
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July 24, 2023

We’re currently experiencing a “bottleneck” in the real estate market, Corcoran said, but this won’t last forever.

In a recent Fox Business interview, real estate entrepreneur and “Shark Tank” star Barbara Corcoran shared her prediction for when home prices will rise, how much she expects them to increase and more.

Lower Interest Rates Will Mean Higher Home Prices

We’re currently experiencing a “bottleneck” in the real estate ...

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Posted in Buying a Home
July 17, 2023

What Is an MLS? MLS Explained in Less Than 4 Minutes

DEFINITION

multiple listing service (MLS) is a database of broker-listed homes. Only real estate agents and other professional affiliates can access an MLS. https://www.thebalancemoney.com/what-is-mls-1798770 Definition and Example of an MLS

An MLS is a private, online database used by real estate agents to make ...

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Posted in Buying a Home
July 15, 2023

Interest rates are up and the real estate market has not slowed down. It's still increasing.

Interest rates are up and the real estate market has not slowed down. It's still increasing.

Why Now Is a Great Time To Buy a House JustListedKnoxville.com

Interest rates should not stop you from owning a Home of your own.

Interest rates do affect house prices, and there’s ...

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Posted in Buying a Home
June 7, 2023

Guide to FHA Loans

A Comprehensive Guide to FHA Loans: Unlocking Affordable Homeownership

In today's competitive real estate market, many potential homeowners face the challenge of securing a mortgage with favorable terms. Fortunately, the Federal Housing Administration (FHA) offers a viable solution through its FHA ...

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Posted in Buying a Home
May 30, 2023

Knoxville Area home sales in April 2023

Market Pulse

May 2023

  • Home sales in the Knoxville Area increased in April – up 8.0% from the previous month but down 8.9% from a year ago. Overall, home sales were down 17.5% in the first quarter of 2023.
  • Apartment rents in Knoxville were up 10.7% from ...
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Posted in Buying a Home
May 30, 2023

17,000 short-term rentals in Gatlinburg and Pigeon Forge

For Immediate Release | Vacation Home Sales Surge | More Buyers See Opportunity in Vacation Homes: Some buyers are calling the vacation-home market the “perfect storm, Questions? Speak with Steve Direct/Text 865-964-9476 REAL ESTATE FOR BUYERS / SELLERS. https://knoxmoves.realgeeks.com/gatlinburg-and-pigeon-forge-area-almost-17000-rental-units/

Data shows more than 17,000 short-term rentals in ...

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