East Tennessee’s booming real estate market is attracting out-of-town homebuyers. That added competition for homes, combined with low inventory and an increase in home prices, is making it more difficult and expensive to buy a house in the Knoxville area. According to the Freddie Mac Housing Price Index, Knoxville’s May home prices increased by 21.4% since May
Tag: Homebuyers
The COVID-19 pandemic saw many homebuyers prioritizing square footage and outdoor space like never before. Some folks left the tight confines of the city for wide-open floor plans, while others refused to even look at a house that didn’t have an expansive backyard. More space means more room to entertain, and if you’re a new