Knoxville Tennessee Real Estate Blog

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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.

230 property transfers is above average for the year.

There was even 2 transfers for over a million dollars; both were around the1.5 million mark.

The #100,000 to $200,000 range still leads the stats with 104 combined which is almost half of the total number of 230.

Lots of talk (and some hard lobbying) for Congress to extend the $8,000 first time buyers tax credit. My guess is it’s even money (50-50) whether that will happen or not.

Congress did pass a bill to extend it for members of the military if they had been stationed anywhere outside the United States at any time during 2009. Those service member will now have until November 2010 to take advantage of the tax credit.

Here’s a great YouTube video I found that explains how the tax credit works. Worth watching for the 2 minutes it runs.

www.KnoxvilleHomeCenter.com is a great place to start your home search, get tips and advice on how to sell your home, and lots of other information including schools and Knoxville area information. Pay us a visit soon.

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