TN June 2017 Housing: Sales -.5%, Price +11%, Inventory -26%
Continuing recent trends, June 2017 saw Tennessee's single-family home sales hold relatively steady at 7,918, down slightly (-.5%) from 7,954 in June 2016. The median price continued its steeper rise, reaching $223,400, +11% from $200,000 the prior June. Inventory kept tightening, -26% in June to 21,019 vs. 28,772 a year earlier. Condos followed similar patterns, but with a more modest median-price rise (+2.1%). See the chart below for more
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A Word to Consumers About ‘Instant Offers’
By Brian Copeland 2017 President, Tennessee REALTORS® Editor's Note: This blog was adapted from a widely shared video that Brian posted on Facebook at THIS LINK. Hey guys, I wanted to talk to you about a new trend coming down the pike in home selling called ‘instant offers’. Now, it’s not my job to criticize
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RPAC Hall of Famer!
Big kudos to Rich Levenson of RE/MAX Preferred Properties in Knoxville, who was recognized at NAR's 2017 Legislative Meetings in Washington, D.C., as the 12th Tennessean inducted into NAR's RPAC Hall of Fame! Rich joins an all-star cast of our previous inductees who have shown world-class commitment to the REALTORS® Political Action Committee. They are
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Homeownership Month
National Homeownership Month recognizes the value of homeownership to individuals, families, communities and the nation’s economy, including Tennessee’s. From building long-term personal wealth to fostering communities, strengthening social stability and driving the national economy, the value of homeownership is indisputable, which is why the National Association of Realtors® (NAR) engages consumers through Home Ownership Matters,
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