Mayor Bill Haslam
Bill Haslam is the mayor of Knoxville, TN. He is Republican. Read about Knoxville politics or share your opinions about Mayor Bill Haslam.
Knox County real estate transfers the week of November 8th.
 World class screened porch on this 4 bedroom Gulf Park beauty, move in condition. |
 |
Another week has passed in Knoxville, Tennessee and here’s the passed week’s real estate transfer report form the Knox County Register of Deeds for Knoxville area and Farragut real estate sales.
It appears from the statistics below there were 160 Knoxville area real estate transfers recorded, the breakdown remains typical of the year, we’ve averaging around 150 transfers per week to date in 2009.
The vast majority of sales are lower end properties with the higher end very slow to move. The 2 sales over 1 million dollars were the Lanesborough and Derby Run apartment complexes in the town of Farragut so no single family residential sales over a million bucks this week.
The credit was scheduled to expire at the end of November but it is now officially extended until April 30th of 2010 and buyers still have an additional 60 days past that date to get their home purchase closed. With financing and appraisals taking much longer than normal in today’s Knoxville area real estate market you sometimes need every one of those 60 days to get your transaction to the settlement table.
Some additional changes to the tax credit were that it has now been expanded to include current homeowners who sell their existing home and then buy again. They are now eligible for a $6,500 tax credit when buying if they have lived in the home they sell for at least 5 of the past 8 years.
Some new limits on income (higher) and requirements when filing for the credit, I wrote a recent post about that here.
Related articles by Zemanta
- Experts: Extended tax credit to boost local housing recovery (seattlepi.com)
- Housing Industry Lobbying Pays Off With Aid Extension (huffingtonpost.com)
![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_b.png?x-id=76502724-f96b-42bc-971a-ffb5af01de8b)
Interests: knoxville community, physical fitness, hiking
 |
Lauren Johnson, 12-Year-Old Girl, Says She Sneezes 12,000 Times a Day
The middle schooler caught a cold two weeks ago, and can't seem to shake the urge to sneeze.
|
 |
Andy House, Texas Man, Accidentally Drives 2006 Bugatti Veyron Into Salt Marsh
Marsh says he's had so many calls he's shut off his phone. Among the callers? Arnold Schwarzenegger.
|
 |
Corri Fetman, 'Lawyer of Love,' Sued by 'Playboy' Over Title Trademark
The magazine filed a lawsuit Tuesday claiming Fetman tried to trademark the title "Lawyer of Love" for her own practice.
|
