Pending home sales rose 6.3% in December. The South region had the largest increase in pending home sales, up 13%. Roughly 45% of home sales are foreclosures, REO’s (bank owned) and distress sales.
Wow 45%! To receive your Free weekly list of distressed sale properties visit my Knoxville Homes information Web site. If you are a move-up buyer, now is a great time to buy a home in Knoxville coupled with record low interest rates and the highest home affordability since 1989.
Here’s an 8 minute video with Chief Economist Lawrence Yun of the National Association of REALTORS®.
There is a lot of free information available to you about buying and selling Knoxville real estate including Knoxville Short Sales info and more by visiting the most complete Web site online dedicated to everything Knoxville Homes. You may alternatively email or call me on my cell at 865-310-0636.
David Hamilton
Ferguson Realtors
8085 Kingston Pike
Knoxville, TN 37919
865-310-0636 Cell
865-690-1300 Office
800-747-0713 Toll Free
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