Market Trends
Real Estate market trends in Knoxville, TN
Although the newspapers reported mortgage rates down last week, they weren't. Conforming mortgage rates were higher by at least 1/8 percent, or roughly $11 per $100,000 borrowed per month. In some cases, rates were up by even more.
Sometimes, headlines for housing can be misleading and this week gave us a terrific example. On Wednesday, the Commerce Department released its Housing Starts data for January 2010. The data showed starts at a 6-month high. The real story is something different.
The Fed Minutes is a follow-up document, delivered 3 weeks after an official FOMC meeting. It's a companion piece to the post-meeting press release, detailing the debates and discussions that shaped our central bankers' policy decisions. The Minutes is a terrific look into the Fed's collective mind and, yesterday, Wall Street didn't like what it saw.
Knox County School Board has chosen the Northshore Town Center as the new location for it’s elementary school in West Knoxville. Knox County Schools had been considering 3 different locations that I wrote about in a previous post The vote was 7-1 with Cindy Buttry being the only no vote. […]
The cities that are coming back the strongest are the ones that did not hit have the pricing bubble, which was followed by the foreclosure crisis. Forbes did a study of America’s 100 largest Metropolitan Statistical Areas (MSA) which are defined by US census. One of the key factors in […]
Patti Francisco with Wells Fargo sent along information on this anticipated announcement from HUD today relaying changes to FHA lending terms in it’s continued effort to shore up the program against increasing financial losses and the threat of needing a government bailout. The changes being announced are expected to be: Increase […]
As we get started in 2010 many Knoxville Home Buyers are wondering who can take advantage of the extension of the tax credit. It isn’t just limited to first time Knoxville Home Buyers buying their first home. Originally created in 2008, the home-buyer tax credit has evolved from a $7,500 […]
Knox County Schools are considering a new elementary school for West Knoxville. There are four different sites that the school board is considering… Site 1 is the Northshore Town Center it is a 14 acre parcel just off Pellissippi Pkwy. Very convenient location. Site 2 is Choto 1 which is […]
A Simple Explanation Of The Federal Reserve Statement (December 16, 2009 Edition)