Knoxville TN Real Estate Listings and
JustListed
Knoxville Homes for Sale
JustListedKnoxville.com
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The economy is stabilizing. Home
prices are holding. It's not just as good a time as ever to buy
a house. It's one of the best times ever.
1. Low mortgage ratesserve
as an equity shock absorber. When buyers borrow at today's
record-low rates, they start building equity as soon as they
close. That means they have a little give to absorb a few ups
and downs as the still-recovering housing market gains traction.
2. Houses are in move-in condition.Homeowners
have continued to spend on maintenance and repair, according to
the Harvard Joint Center on Housing. Homeowners who have been
holding back kept their houses in
good shape while they waited. As those houses enter the market,
they are in marked contrast to tattered foreclosures.
3. Terrific houses are coming on the market.Foreclosures
are finally starting to clear the system – and this is just the
opportunity that owners of many desirable properties have been
waiting for.
4. Appraisal regulations are finally aligned
with market realities.
Fannie Mae has adjusted its appraisal guidelines...again. Now
that appraisers have more flexibility to set values that reflect
the current market, today's deals will make it over the finish
line.
5. Plenty of programs.Homes
are more affordable than they have been for years, but
communities have stuck by "workforce housing" programs that
encourage middle-class families to buy houses. Buyers who
qualify can get a big boost by combining one of these programs
with today's low mortgage rates.
Listings enter the market every day at
JustListedKnoxville.com