Holloway-Westerling Group Blog

How Are Knoxville Home Prices Up and Affordability as well?

Posted by Holloway-Westerling Group

Sep 13, 2012 8:30:08 AM

affordability of homes in knoxvilleHow are Knoxville home prices up and affordability as well? Recently released data from the July Existing Home Sales release published in late August states that median priced existing homes have increased in price by 9.4% from one year ago. With that being said, you as a Knoxville home buyer might ask yourself, have I missed the best time to buy? The answer is no. Why, do you ask. Because while prices are up from one year ago, mortgage interest rates are down nearly a full percentage point and according to recent economic data, incomes are modestly up.

All of these factors are used to calculate the "Housing Affordability Index".

Are you ready to take advantage of this incredible time of affordability? Call or text us today at 865-236-1333.

SOURCE: http://economistsoutlook.blogs.realtor.org/2012/09/07/latest-housing-affordability-index/

Topics: Home Market News, Knoxville real estate, Knoxville cost of living, Knoxville home prices, Affordability in Knoxville

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About Our Blog

We pride ourselves on our great reputation, and we’ll jump through hoops to keep it that way.

Our blog is one way that we can share our Knoxville expertise and provide the information you’re looking for during your home search, as you buy or sell a home, and even after you’ve moved in!

It’s our job to protect you, the consumer, against anything that could possibly go wrong as you buy or sell a home. We’ll be there beside you, each and every step of the way.