News

October 9, 2016
By MARSHA STOWELL If memories of last week’s snow and cold are lingering I have some good news. The first day of spring is only six weeks away. Of course, the Spring Equinox doesn’t guarantee good weather. We’ve seen some wicked March snows in the past, but hopefully that won’t be the case this year. What you can depend on between now and then is the days will get progressively longer and warmer. As soon as the soil temperature...
October 9, 2016
By MARSHA STOWELL We’ve closed the books on 2015, and it was the best year for home sales since the Northeast Tennessee Association of Realtors began its Trends Report. Compared to 2014 sales, 2015 sales were up 9.6 percent. Despite a lack luster first quarter when everyone was bundled up against unusually cold weather, sales hit record levels in May and stayed that way through December. In fact, December closings were happening...
October 9, 2016
By MARSHA STOWELL One of the most important things you can do before getting into the 2016 real estate market is partnering with the right professional. Study after study shows sellers who use a professional consistently net a better price than those who go it alone. Buyers also reap rewards. That may seem like a contradiction in an era when technology offers advanced communication and marketing abilities to do-it-yourselfers,...
October 9, 2016
By MARSHA STOWELL Renters got welcome news just as the New Year was dawning near, and it’s not necessarily bad news for the existing home sales market. The good news for renters is it looks like their housing costs will be more affordable in 2016. That doesn’t mean rent reductions, but after a couple of years of increases in the 6% and 7% range, local market conditions are cooling.  At the same time, several major apartment...
October 9, 2016
By MARSHA STOWELL Reaction to the Federal Reserve’s first increase in the key interest rate in almost a decade wasn’t much of a surprise. It was barely a one-day story for most media.  The increase was telegraphed for almost a year, and it took the stronger than expected November jobs report to nudge the FED into taking the baby step.  That’s right, it was a baby step. How else would you describe a 0.25% increase? Still it...
October 7, 2016
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