Buy this terrific north Knoxville home and get up to $8,000 in tax credits to help.
It’s now official, President Obama signed an extension of the existing $8,000 homebuyers tax credit into law yesterday (Friday, Nov. 6th).
The new law extends the existing tax credit for Knoxville area buyers who have not owned a home that was their principal residence in the past three years and adds some new criteria and qualifying homebuyers.
The $8,000 credit was scheduled to lapse on Dece... Read Full Story
This delightful home above has been reduced to $184,900 and will qualify for the $8,000 federal tax credit if you have not owned a home in the past three years. Click the Visual Tour above to see a virtual tour and then call me to schedule a private showing.
** UPDATE** The extension passed the Senate vote today and President Obama said he would sign it on Friday!
It looks like the extension of the $8,000 federal tax credit for Knoxville & Farragut TN area homebuyers is almost ... Read Full Story
7412 Harvest Creek Lane, Powell, TN 37849
It appears the malaise in the Knoxville area real estate market continues this week as it has for the past weeks in 2009.
The Knox County Register of Deeds office reports 170 real estate transfers for the past week, a touch above the average 150 per week we’ve had all year but well below the 200 mark only reached three times in 2009.
Knoxville area real estate transfers for the past week.
John Walsh, the President of Data Quick had this to say... Read Full Story
“Senate Dems on Board with Credit Extension
Senate Banking Committee Chairman Chris Dodd (D-Conn.) says Senate Democrats have agreed to extend the first-time home buyer tax credit. The latest version extends the program to home sales signed — not closed — by April 30. Purchasers would have another 60 days to close the sale. The credit will also be expanded to include so-called step-up buyers who have lived in their current home for at least five years. Read Full Story
Last week’s results from the Knox County Register of Deeds is now available. It appears the past weeks transactions were a bit below our typical weekly average this year of around 150 closed transactions. Read Full Story
I was interviewed by WATE recently about the present and future state of the Knoxville area housing market.
Here’s a link to that interview and video below.
So far this year Knoxville area sales are oddly resisting their typical seasonal downturn as we approach the colder months and the holiday season.
Usually we see a downturn in sales around July-August when school starts but so far this year that is not happening. I believe a significant portion of those sales are being driven by... Read Full Story
This past week had an average for the year number of real estate transfers with 157 recorded.
Knoxville & Farragut TN Real Estate Transfers recorded last week
No sales recorded for properties priced over a million dollars, 3 between $500,000 and a million, and the highest number was the price point between $100,000 to $150,000. No surprises there since the Knoxville area median price for a 3 bedroom home is currently $139,900.
As I recently reported, sales in the Knoxville area seem to b... Read Full Story
The sales figures for the 3rd quarter (July, August, & September) from the Knoxville Association of Realtors is now available online. Let’s take a look at the 3rd quarter of 2009 compared to ones past. Read Full Story
It looks like this past week was another above average week for Knoxville and Farragut real estate transfers. The Knox County Register of Deeds office reported 230 property transfers for that week. I believe that's only the third time this year there have been over 200 transfers in one a one week period. Let's hope this trend continues. Read Full Story
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