<meta name="GENERATOR" content="OpenOffice.org 2.4 (Win32)" /><style type="text/css"> <!-- @page { size: 8.5in 11in; margin: 0.79in } P { margin-bottom: 0.08in } --> </style></p> <p style="margin-bottom: 0in">Knoxville area mortgage rates surged this past week to a nationwide average 6.42% for the most common 30 year fixed rate.</p> <p style="margin-bottom: 0in">That was a sharp increase from the 6.32% the previous week and some see it as a signal the Federal Reserve has shifted it’s focus from preventing a recession to controlling inflating inflation.</p> <p style="margin-bottom: 0in">The 15 year mortgage also increased; from 5.93% last week to 6.02%.</p> <p style="margin-bottom: 0in">These levels are the highest Knoxville and nationwide mortgages have been to since September 27<sup>th</sup> of 2007!</p> <p style="margin-bottom: 0in">So what does that mean for Knoxville and Farragut Tennessee homebuyers?</p> <p style="margin-bottom: 0in">According to the latest sales figures from the Knoxville Area Association of Realtors the median price paid for a 3 bedroom home in Knoxville was $184,700. If you buy the median priced home with FHA financing and pay the minimum 3% down that means you would be getting a loan for $179,100.</p> <p style="margin-bottom: 0in"><img title="knoxville tennessee area homes for sale, call Jim Lee, Knox Co0u " alt="knoxville tennessee area homes for sale, call Jim Lee, Knox Co0u " src="http://i92.photobucket.com/albums/l4/jamesleetn/gracefully.jpg" /></p> <p style="margin-bottom: 0in">At 6.42% interest your monthly Principal & Interest only payment would be $1,122.63.</p> <p style="margin-bottom: 0in">If rates continue their rise as lots of savvy financial folks predict they will we could be seeing 7+% interest rates this fall.</p> <p style="margin-bottom: 0in">At 7% your monthly P & I only payment on your $179,100 loan would jump up to $1,191.56 which means you be paying another $68.93 a month or a whopping $24,813 over the life of your loan.</p> <p style="margin-bottom: 0in">If you’re one of the ‘fence sitters’ waiting for rates to come down, my suggestion to you is to run, don’t walk, to your computer or phone me at 693-3232 or email <a title="email Jim Lee, Knoxville, Tennessee Realtor" target="_blank" href="mailto:Jim@JimLee.com">Jim@JimLee.com</a> and let’s get started finding you a home today.</p> <p style="margin-bottom: 0in">Tomorrow will almost certainly cost you more money not to mention the increase in the price of Knoxville and Farragut area homes.</p> <p style="margin-bottom: 0in"><img title="knoxville tennessee relocation farragut maryville oak ridge loudon lenoir city jim lee knoxville realtor" alt="knoxville tennessee relocation farragut maryville oak ridge loudon lenoir city jim lee knoxville realtor" src="http://i92.photobucket.com/albums/l4/jamesleetn/summer.jpg" /></p> <p style="margin-bottom: 0in"><a title="knoxville area mortgage rates surge to new, higher levels. Jim Lee, Knoxville area Realtor can help you buy now and save money." target="_blank" href="http://www.knoxvillehomecenter.com/">Knoxville Home Center.com</a> is the best place to see all the Knoxville, Farragut, Maryville, Oak ridge, and Loudon County homes & condos for sale.</p> </div> <div class="feedback">Filed under <strong><a href="http://knoxvilletennesseerealestateblog.com/category/knoxville-tennessee-relocation/" title="View all posts in Knoxville Tennessee relocation" rel="category tag">Knoxville Tennessee relocation</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/farragut-tennessee-real-estate/" title="View all posts in Farragut Tennessee real estate" rel="category tag">Farragut Tennessee real estate</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/town-of-farragut-tennessee/" title="View all posts in Town of Farragut Tennessee" rel="category tag">Town of Farragut Tennessee</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/knoxville-tennessee-condominiums/" title="View all posts in Knoxville Tennessee Condominiums" rel="category tag">Knoxville Tennessee Condominiums</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/county-tennessee-real-estate/" title="View all posts in Knox County Tennessee real estate" rel="category tag">Knox County Tennessee real estate</a></strong> | <a href="http://knoxvilletennesseerealestateblog.com/191/191/#respond" title="Comment on Knoxville and Farragut Tennessee mortgage rates are on the rise">No Comments</a> </div> <!-- <rdf:RDF xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:trackback="http://madskills.com/public/xml/rss/module/trackback/"> <rdf:Description rdf:about="http://knoxvilletennesseerealestateblog.com/191/191/" dc:identifier="http://knoxvilletennesseerealestateblog.com/191/191/" dc:title="Knoxville and Farragut Tennessee mortgage rates are on the rise" trackback:ping="http://knoxvilletennesseerealestateblog.com/191/191/trackback/" /> </rdf:RDF> --> </div> <!-- <h2>June 6, 2008</h2> --> <div class="post"> <h3 class="posttitle" id="post-185"><a href="http://knoxvilletennesseerealestateblog.com/185/free-fishing-day-for-knoxville-farragut-knox-county-residents-tomorrow/" rel="bookmark">Free fishing day for Knoxville, Farragut, & Knox County residents tomorrow</a></h3> <div class="meta">Posted by Jim Lee, REALTOR® @ 9:51 am, June 6th, 2008</div> <div class="postcontent"> <p><img src="file:///C:/DOCUME%7E1/Jim/LOCALS%7E1/Temp/moz-screenshot.jpg" /><img src="file:///C:/DOCUME%7E1/Jim/LOCALS%7E1/Temp/moz-screenshot-1.jpg" /></p> <p>Ah, fishing. Those words conjure up childhood memories of sitting under a shade tree along the riverbank with a cane pole and a can of worms without a care in the world.</p> <p>Better than just fishing is free fishing.</p> <p>It’s the Tennessee Wildlife Resources Agency’s “<a title="free fishing at concord park, another great reason to live in knoxville tennessee " target="_blank" href="http://www.state.tn.us/twra/fish/events/events08.html">Free Fishin Day</a>“, a sponsored event where anyone can wet a line and no fishing license is required. A huge pond at Concord Park will be stocked with catfish with bait and fishing poles if you need one, supplied by area sporting goods stores.<br /> <img alt="free fishing day at concord park in farragut tennessee. Farragut is located in the West Knoxville area of east Tennessee" title="free fishing day at concord park in farragut tennessee. Farragut is located in the West Knoxville area of east Tennessee" src="http://i92.photobucket.com/albums/l4/jamesleetn/free_fishing-1.jpg" /></p> <p><em>Free Fishin Day; fun for kids of all ages.</em> </p> </div> <div class="feedback">Filed under <strong><a href="http://knoxvilletennesseerealestateblog.com/category/knoxville-tennessee-real-estate/" title="View all posts in Knoxville Tennessee Real Estate" rel="category tag">Knoxville Tennessee Real Estate</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/university-of-tennessee/" title="View all posts in University of Tennessee" rel="category tag">University of Tennessee</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/farragut-tennessee-real-estate/" title="View all posts in Farragut Tennessee real estate" rel="category tag">Farragut Tennessee real estate</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/town-of-farragut-tennessee/" title="View all posts in Town of Farragut Tennessee" rel="category tag">Town of Farragut Tennessee</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/county-tennessee-real-estate/" title="View all posts in Knox County Tennessee real estate" rel="category tag">Knox County Tennessee real estate</a></strong> | <a href="http://knoxvilletennesseerealestateblog.com/185/free-fishing-day-for-knoxville-farragut-knox-county-residents-tomorrow/#respond" title="Comment on Free fishing day for Knoxville, Farragut, & Knox County residents tomorrow">No Comments</a> </div> <!-- <rdf:RDF xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:trackback="http://madskills.com/public/xml/rss/module/trackback/"> <rdf:Description rdf:about="http://knoxvilletennesseerealestateblog.com/185/free-fishing-day-for-knoxville-farragut-knox-county-residents-tomorrow/" dc:identifier="http://knoxvilletennesseerealestateblog.com/185/free-fishing-day-for-knoxville-farragut-knox-county-residents-tomorrow/" dc:title="Free fishing day for Knoxville, Farragut, & Knox County residents tomorrow" trackback:ping="http://knoxvilletennesseerealestateblog.com/185/free-fishing-day-for-knoxville-farragut-knox-county-residents-tomorrow/trackback/" /> </rdf:RDF> --> </div> <!-- <h2>May 31, 2008</h2> --> <div class="post"> <h3 class="posttitle" id="post-184"><a href="http://knoxvilletennesseerealestateblog.com/184/knoxville-and-knox-county-tennessee-residents-enjoy-our-public-parks/" rel="bookmark">Knoxville and Knox County Tennessee residents enjoy our public parks</a></h3> <div class="meta">Posted by Jim Lee, REALTOR® @ 12:47 pm, May 31st, 2008</div> <div class="postcontent"> <p>The greater Knoxville & Knox County area current has 5,900 acres of land dedicated to 213 public parks. That’s abut 2% of the total land area of the County.</p> <p>The City of Knoxville’s <a target="_blank" title="knoxville tennessee parks and recreation real estate jim lee knoxville area realtor" href="http://www.ci.knoxville.tn.us/parks/">Parks and Recreation Division</a> offers a wide variety of activities for each member of the family to enjoy. One of the main goals for the Division is to improve recreational opportunities for all Knoxvillians and they do a fine job.</p> <p>Knox County <a target="_blank" title="knox county knoxville tennessee parks jim lee knoxville realtor" href="http://knoxcounty.org/parks/parkmap.php">Park’s Department</a> also maintains a large portion of our area’s excellent parks and recreational areas.</p> <p>The new, Harvest Park & <a title="east tennessee farmers market knoxville area real estate jim lee realtor" target="_blank" href="http://easttnfarm.org/">Farmer’s Market</a> located on the site of the old farmer’s market in northeast Knoxville is the latest addition. Here Knoxvillians can buy locally grown produce directly from the farmers that produced it. Their products are fresher, better quality, and equal or cheaper than supermarket produce.</p> <p><img alt="knoxville knox county tennessee parks real estate homes for sale jim lee knoxville area realtor" title="knoxville knox county tennessee parks real estate homes for sale jim lee knoxville area realtor" src="http://i92.photobucket.com/albums/l4/jamesleetn/new_harvest_photos.jpg" /></p> <p><em>Knox County’s new, Harvest Park & Farmer’s Market</em></p> <p>A recent survey reveals (to no surprise) that over 80% of Knoxville & Knox County residents want more parks. The survey also said that walking trails, followed by bicycle and nature areas are the most used park features.</p> <p>Seven Islands Wildlife Refuge is a 360 acre wildlife sanctuary in east Knox County. Seven Islands has a rich diversity of wildlife with over 150 species of birds including a pair of bald eagles. The French Broad River which borders the park contains over 50 species of fish which is more varieties that are found on the whole European continent. In addition there are lots of great hiking and walking trails along the ridges and the waterfront and a boat launch ramp.</p> <p><img width="214" height="153" alt="seven islands park jim lee knoxville real estate" title="seven islands park jim lee knoxville real estate" src="http://i92.photobucket.com/albums/l4/jamesleetn/pic_7islands.jpg" /></p> <p><em>Seven Islands Wildlife Refuge in east Knox County</em></p> <p>Our area’s great parks system is one of the many attractions that make Knoxville & Knox County such a great place to live, work, play, and raise your family.</p> <p><a target="_blank" title="knoxville knox county tennessee homes condos and real estate for sale jim lee knoxville realtor" href="http://www.knoxvillehomecenter.com/">www.KnoxvilleHomeCenter.com</a> is a great place to look for your next Knoxville area home. </p> </div> <div class="feedback">Filed under <strong><a href="http://knoxvilletennesseerealestateblog.com/category/knoxville-tennessee-real-estate/" title="View all posts in Knoxville Tennessee Real Estate" rel="category tag">Knoxville Tennessee Real Estate</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/knoxville-tennessee-relocation/" title="View all posts in Knoxville Tennessee relocation" rel="category tag">Knoxville Tennessee relocation</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/university-of-tennessee/" title="View all posts in University of Tennessee" rel="category tag">University of Tennessee</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/town-of-farragut-tennessee/" title="View all posts in Town of Farragut Tennessee" rel="category tag">Town of Farragut Tennessee</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/county-tennessee-real-estate/" title="View all posts in Knox County Tennessee real estate" rel="category tag">Knox County Tennessee real estate</a></strong> | <a href="http://knoxvilletennesseerealestateblog.com/184/knoxville-and-knox-county-tennessee-residents-enjoy-our-public-parks/#respond" title="Comment on Knoxville and Knox County Tennessee residents enjoy our public parks">No Comments</a> </div> <!-- <rdf:RDF xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:trackback="http://madskills.com/public/xml/rss/module/trackback/"> <rdf:Description rdf:about="http://knoxvilletennesseerealestateblog.com/184/knoxville-and-knox-county-tennessee-residents-enjoy-our-public-parks/" dc:identifier="http://knoxvilletennesseerealestateblog.com/184/knoxville-and-knox-county-tennessee-residents-enjoy-our-public-parks/" dc:title="Knoxville and Knox County Tennessee residents enjoy our public parks" trackback:ping="http://knoxvilletennesseerealestateblog.com/184/knoxville-and-knox-county-tennessee-residents-enjoy-our-public-parks/trackback/" /> </rdf:RDF> --> </div> <!-- <h2>May 11, 2008</h2> --> <div class="post"> <h3 class="posttitle" id="post-180"><a href="http://knoxvilletennesseerealestateblog.com/180/yea-its-free-day-in-knoxville-tennessee/" rel="bookmark">Yea, it’s “free day” in Knoxville, Tennessee</a></h3> <div class="meta">Posted by Jim Lee, REALTOR® @ 1:17 pm, May 11th, 2008</div> <div class="postcontent"> <p><font face="Times New Roman, serif">In honor of National Tourism Week many of Knoxville’s attractions offered free admission on this past Saturday, May 10th.</font></p> <p><font face="Times New Roman, serif">The majority of these attractions are free every day but some have an admission charge so it was a good day to have a family outing with little expense.</font></p> <p><font face="Times New Roman, serif">Admission free was:</font></p> <ul> <li> <p style="margin-bottom: 0in"><font face="Times New Roman, serif"><strong>Armstrong-Lockett House</strong><strong>:</strong> Also known as <strong>“Crescent Bend”</strong> because it sets on a bend in the Tennessee River This mansion, known as the Armstrong-Lockett House, is a magnificent home built in 1834 and positioned as a centerpiece on 600 acres of rolling Tennessee land between the river and the mountains. Painstakingly restored in 1977, the interior is authentic 18th century furniture and artwork. The silver collection dates back to 1640. The Italianate gardens are a combination of terraced levels, classic fountains, and thousands of colorful blooming plants. Closed most weekend afternoons during the spring and summer for weddings so please call ahead to confirm that it is open. Normal admission is $7 for adults, $5 for seniors and students. </font></p> </li> <li> <p style="margin-bottom: 0in"><font face="Times New Roman, serif"><strong>Blount Mansion: </strong>Built in 1892 by William Blount, Tennessee’s first governor. This home was also the Governor’s mansion when Knoxville was Tennessee’s capital city. Normal admission is $4.95 for adults, $2.50 for ages 6-17, and free any day for children under 6. </font></p> </li> <li> <p style="margin-bottom: 0in"><font face="Times New Roman, serif"><strong>James White’s Fort: </strong>Built in 1796 by James White, t<font size="3">he Founder of Knoxville, came here in the early 1780’s from North Carolina. He had fought in the Revolutionary War and was given a land grant of 1,000 acres for his service.</font> <font size="3">James White laid off part of his land in October 1791 to establish a town which would become known as Knoxville, named for Henry Knox, president Washington’s Secretary of War. Sixty-four lots were laid off in 16 blocks, each lot being one half acre in size. The cost was $8.00 per lot and a lottery drawing was held to assign the lots.</font> Much cheaper than today’s prices. <img src='http://knoxvilletennesseerealestateblog.com/wp-includes/images/smilies/icon_wink.gif' alt=';-)' class='wp-smiley' /> Normal admission is $4, children under 12 $2.50, and under 6 free.</font></p> </li> <li> <p style="margin-bottom: 0in"><font face="Times New Roman, serif"><strong>Knoxville Museum of Art:</strong> The KMA’s predecessor, the Dulin Gallery of Art, opened in 1961 in a beaux-arts mansion in West Knoxville. By the middle 1980s the Dulin had outgrown its quarters, and a major community effort raised $11 million for a new museum in downtown Knoxville at the site of the 1982 World’s Fair. The Knoxville Museum of Art opened in March 1990 in a state-of-the-art, 53,200 square-foot facility designed by renowned museum architect Edward Larrabee Barnes. Normal admission is $5 with children under 17 free. The museum also is free most Thanksgiving holidays and several days around Christmas.</font></p> </li> <li> <p style="margin-bottom: 0in"><font face="Times New Roman, serif"><strong>Knoxville Zoo:</strong> Adults, $16.96, Seniors, $14.95, and $10.95 for children 2-12. A little pricey but it’s a great zoo with birds, mammals and reptiles of all sorts!</font></p> </li> <li> <p style="margin-bottom: 0in"><font face="Times New Roman, serif"><strong>Star of Knoxville Riverboat:</strong> Great boat ride along the Tennessee River. You can see parts of Knoxville from the water that you can’t see any other way. Normal rates are $14.25 for adults and $8.95 for children 4-11.</font></p> </li> <li> <p style="margin-bottom: 0in"><font face="Times New Roman, serif"><strong>Women’s Basketball Hall of Fame:</strong> Last but certainly not least in the land of UT Coach Pat Summitt and the 8 time national championship UT Lady Vols. Adults normally $7.95, Seniors and children 6-15 $5.95</font></p> </li> </ul> <p><font face="Times New Roman, serif">Knoxville has lots of free stuff especially around holiday times so residents and visitors alike need to do some research and take advantage of what our fair city has to offer.</font></p> <p><font face="Times New Roman, serif">Knoxville also has lots of great homes for sale; you can research them at <a target="_blank" href="http://www.knoxvillehomecenter.com/">www.KnoxvilleHomeCenter.com</a> </font> </p> </div> <div class="feedback">Filed under <strong><a href="http://knoxvilletennesseerealestateblog.com/category/knoxville-tennessee-relocation/" title="View all posts in Knoxville Tennessee relocation" rel="category tag">Knoxville Tennessee relocation</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/knoxville-tennessee-realtor/" title="View all posts in Knoxville Tennessee Realtor" rel="category tag">Knoxville Tennessee Realtor</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/town-of-farragut-tennessee/" title="View all posts in Town of Farragut Tennessee" rel="category tag">Town of Farragut Tennessee</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/new-homes-in-knoxville-tennessee/" title="View all posts in New homes in Knoxville Tennessee" rel="category tag">New homes in Knoxville Tennessee</a></strong> | <a href="http://knoxvilletennesseerealestateblog.com/180/yea-its-free-day-in-knoxville-tennessee/#respond" title="Comment on Yea, it's "free day" in Knoxville, Tennessee">No Comments</a> </div> <!-- <rdf:RDF xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:trackback="http://madskills.com/public/xml/rss/module/trackback/"> <rdf:Description rdf:about="http://knoxvilletennesseerealestateblog.com/180/yea-its-free-day-in-knoxville-tennessee/" dc:identifier="http://knoxvilletennesseerealestateblog.com/180/yea-its-free-day-in-knoxville-tennessee/" dc:title="Yea, it’s “free day” in Knoxville, Tennessee" trackback:ping="http://knoxvilletennesseerealestateblog.com/180/yea-its-free-day-in-knoxville-tennessee/trackback/" /> </rdf:RDF> --> </div> <!-- <h2>April 30, 2008</h2> --> <div class="post"> <h3 class="posttitle" id="post-172"><a href="http://knoxvilletennesseerealestateblog.com/172/which-is-the-best-deal-a-cd-or-buying-a-home-in-knoxville/" rel="bookmark">Which is the best deal, a CD or buying a home in Knoxville?</a></h3> <div class="meta">Posted by Jim Lee, REALTOR® @ 4:25 pm, April 30th, 2008</div> <div class="postcontent"> <p>That’s sort of a hard comparison to make but follow this train of thought and see if it makes sense to you.</p> <p>In the <a target="_blank" title="knoxville tn average home sale prices" href="http://www.kaarmls.com/firstqtr05.htm">1st quarter of 2005</a> the average price of a 3 bedroom home in Knoxville, Tennessee was $141,700. In the <a target="_blank" title="knoxville farragut tennessee homes and condos for sale jim lee realtor" href="http://www.kaarmls.com/firstqtr08.htm">1st quarter of 2008</a> the average price of that same 3 bedroom home has increased to $158,300.</p> <p>Assuming a buyer put 20% down on the 2005 home that would have been $28,340.</p> <p><img alt="knoxville tn homes for sale jim lee knoxville farragut realtor" title="knoxville tn homes for sale jim lee knoxville farragut realtor" src="http://i92.photobucket.com/albums/l4/jamesleetn/house1.jpg" /></p> <p>If you took the same $28,340 and bought a CD at a local bank or credit union at the best rate I’ve found, which is 3.6% for a $100,000 CD or above (I’m giving the higher number to the CD) you would have earned $3,172 in interest.</p> <p><strong>$$$$$$$$$$</strong></p> <p>Your $141,700 house you bought in early 2005 would have now been worth $158,300 which means you would have $16,600 in equity AND you would have been enjoying living in your own Knoxville home the past 3 years.</p> <p>So which is the best deal; $3,172 interest (taxable by the way) on a CD and no house or $16,600 in equity and a new, 3 bedroom home for you and your family to enjoy?</p> <p>PS, contrary to all the “Doom & Gloom” stories you’re bombarded with daily on the news; not all the US real estate markets are losing value and undergoing massive foreclosures.</p> <p>In fact around many cities the housing market is moving along pretty well; Knoxville, Tennessee is one of those cities.</p> <p>We’ve never enjoyed (if that is the right word) 10% appreciation monthly in home prices like southern California but we’ve also never experienced 50% price and value declines either.</p> <p>Here’s a great place to look for your own 3 bedroom home to live in and probably enjoy an increase in value over the next 3 years and beyond, <a target="_blank" title="Jim Lee Knoxville Realtor Knoxville TN" href="http://www.KnoxvilleHomeCenter.com">www.KnoxvilleHomeCenter.com</a> </p> </div> <div class="feedback">Filed under <strong><a href="http://knoxvilletennesseerealestateblog.com/category/knoxville-tennessee-real-estate/" title="View all posts in Knoxville Tennessee Real Estate" rel="category tag">Knoxville Tennessee Real Estate</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/knoxville-mls/" title="View all posts in Knoxville MLS" rel="category tag">Knoxville MLS</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/knoxville-tennessee-relocation/" title="View all posts in Knoxville Tennessee relocation" rel="category tag">Knoxville Tennessee relocation</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/university-of-tennessee/" title="View all posts in University of Tennessee" rel="category tag">University of Tennessee</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/oak-ridge-national-laboratory/" title="View all posts in Oak Ridge National Laboratory" rel="category tag">Oak Ridge National Laboratory</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/town-of-farragut-tennessee/" title="View all posts in Town of Farragut Tennessee" rel="category tag">Town of Farragut Tennessee</a></strong> | <a href="http://knoxvilletennesseerealestateblog.com/172/which-is-the-best-deal-a-cd-or-buying-a-home-in-knoxville/#respond" title="Comment on Which is the best deal, a CD or buying a home in Knoxville?">No Comments</a> </div> <!-- <rdf:RDF xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:trackback="http://madskills.com/public/xml/rss/module/trackback/"> <rdf:Description rdf:about="http://knoxvilletennesseerealestateblog.com/172/which-is-the-best-deal-a-cd-or-buying-a-home-in-knoxville/" dc:identifier="http://knoxvilletennesseerealestateblog.com/172/which-is-the-best-deal-a-cd-or-buying-a-home-in-knoxville/" dc:title="Which is the best deal, a CD or buying a home in Knoxville?" trackback:ping="http://knoxvilletennesseerealestateblog.com/172/which-is-the-best-deal-a-cd-or-buying-a-home-in-knoxville/trackback/" /> </rdf:RDF> --> </div> <!-- <h2>April 17, 2008</h2> --> <div class="post"> <h3 class="posttitle" id="post-170"><a href="http://knoxvilletennesseerealestateblog.com/170/welcome-knoxville-mortgage-banker-debbie-nieto-my-first-guest-blogger/" rel="bookmark">Welcome Knoxville mortgage banker Debbie Nieto, my first guest blogger.</a></h3> <div class="meta">Posted by Jim Lee, REALTOR® @ 3:16 pm, April 17th, 2008</div> <div class="postcontent"> <p>I’m delighted to have my favorite Knoxville area mortgage banker, <a target="_blank" title="debbie Nieto knoxville tn mortgage banker" href="http://www.ctxloanofficer.com/lo/default.asp?mid=2684&eqs=c%89%98%B3%C2%B3%91fmce%7B">Debbie Nieto</a> of CTX Mortgage Company as my first guest blogger.</p> <p><img alt="debbie nieto, ctx mortgage company" title="debbie nieto, ctx mortgage company" src="http://i92.photobucket.com/albums/l4/jamesleetn/debbie.jpg" /></p> <p><a title="debbie Nieto knoxville tn mortgage banker" target="_blank" href="http://www.ctxloanofficer.com/lo/default.asp?mid=2684&eqs=c%89%98%B3%C2%B3%91fmce%7B"><em>Debbie Nieto</em></a></p> <p><em /><br /> Debbie has written a great list of reasons why, despite all the negative real estate news the local and national media keep insisting on promulgating, now is a great time to buy or sell real estate in Knoxville, Tennessee.</p> <p>And now without further ado; here’s Debbie</p> <p class="MsoFooter"><strong><em><span style="font-size: 12pt">“Put the facts on your side!</span></em></strong></p> <p class="MsoFooter">In today’s housing market, we all know how important it is to get buyers and sellers back into the game. Unfortunately, the media’s continued focus on negative real estate news is keeping many people solidly on the sidelines. But remember, these people aren’t getting the whole story. And the facts they’re missing can alter their mindsets. All we<span class="MsoCommentReference"><span style="font-size: 8pt" /></span> have to do is put those facts out there!</p> <p class="MsoFooter"><strong><em><span style="text-transform: uppercase">Fact #1: Some six million Americans are expected to buy a home this year.</span></em></strong> Six million people in the game make up a pretty big game. That’s a level of sales equal to the one we experienced in 1998—by all accounts, a pretty good year.</p> <p class="MsoFooter"><strong><em><span style="text-transform: uppercase">Fact #2: There is still over $23 trillion of value in u.s. housing stock</span>.</em></strong> Home ownership continues to be the basis of our wealth in this country.</p> <p class="MsoFooter"><strong><em><span style="text-transform: uppercase">Fact #3: The housing market cannot help but grow.</span></em></strong> Our country’s tremendous wealth, liquidity, and entrepreneurship will continue to drive our economy. 70-100 million people will be added to our market in the next 40 years.</p> <p class="MsoFooter"><strong><em><span style="text-transform: uppercase">Fact #4: Real estate is cyclical.</span></em></strong><span style="text-transform: uppercase"> </span>The biggest fear in good times is that the fair weather won’t last forever—because it doesn’t. But the reality of a cyclical real estate market also provides its brightest hope in bad times—foul weather won’t last forever either. What’s happening today is a market correction, severe in some places, but it’s not the end of the world. As shown by Fact #1, people are still buying and selling homes. The markets will stabilize.</p> <p class="MsoFooter"><strong><em><span style="text-transform: uppercase">Fact #5: 2008 is the best year to buy a home in 35 years.</span></em></strong> 1973 was the last time mortgage rates were this low in a buyer’s market. We had rates this low in 2001 and 2002, but those were strong seller’s markets with little inventory. The last two big buyer’s markets, in the early ‘80s and early ‘90s had much higher rates. Low rates and good inventory make 2008 the best year to buy in decades!</p> <p class="MsoFooter"><strong><em><span style="text-transform: uppercase">Fact #6: First-time buyers have a real advantage in today’s market.</span></em></strong> First-time buyers can buy at a reduced price without having to sell at one too. Higher limits on lower cost conforming loans also help first-time buyers purchase more home for their money. Today’s ‘starter’ homes can be pretty impressive.</p> <p class="MsoFooter"><strong><em><span style="text-transform: uppercase">Fact #7: First-time buyers lose money while they wait on the sidelines.</span></em></strong><span style="text-transform: uppercase"> </span>First, renters typically pay more state and federal income taxes than homeowners with a mortgage deduction. Renters are also losing the wealth they could be accumulating as they pay down their mortgage and as their home increases in value over time (as it surely will). Lastly, renters who wait to buy will lose money if interest rates increase by the time they finally act. Higher payments from higher interest rates represent money buyers could have kept if they had bought earlier. Conversely, if they were willing to spend that amount of money earlier, they could have bought more home.</p> <p class="MsoFooter"><strong><em><span style="text-transform: uppercase">Fact #8: Homes sell when they’re priced right and show well.</span></em></strong> Buyers are looking for value in today’s market. When sellers make their home’s value obvious, they make a sale—it’s as simple as that.</p> <p class="MsoFooter">Use these facts on your website, in blogs, and in conversation whenever you run into reluctance from a prospective buyer or seller. The best way to fight negative media is with the facts they’re leaving out!</p> <p class="MsoFooter">… Have a great month!”</p> <p class="MsoFooter">Have a great month indeed!</p> <p class="MsoFooter">And <a target="_blank" title="debbie Nieto knoxville tn mortgage banker" href="http://www.knoxvillehomecenter.com">here’s a link</a> to find some homes for sale to put Debbie’s excellent advice to work for you.</p> <p class="MsoFooter">When you find a great home, Debbie has the cash to buy it with and I have the keys; call us please.</p> <p class="MsoFooter"> <p><!-- /MAIN CONTENT --> </p> </div> <div class="feedback">Filed under <strong><a href="http://knoxvilletennesseerealestateblog.com/category/knoxville-homes-for-sale/" title="View all posts in Knoxville homes for sale" rel="category tag">Knoxville homes for sale</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/knoxville-tennessee-relocation/" title="View all posts in Knoxville Tennessee relocation" rel="category tag">Knoxville Tennessee relocation</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/knoxville-tennessee-schools/" title="View all posts in Knoxville Tennessee Schools" rel="category tag">Knoxville Tennessee Schools</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/university-of-tennessee/" title="View all posts in University of Tennessee" rel="category tag">University of Tennessee</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/oak-ridge-tn-homes-for-sale/" title="View all posts in Oak Ridge TN homes for sale" rel="category tag">Oak Ridge TN homes for sale</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/town-of-farragut-tennessee/" title="View all posts in Town of Farragut Tennessee" rel="category tag">Town of Farragut Tennessee</a></strong> | <a href="http://knoxvilletennesseerealestateblog.com/170/welcome-knoxville-mortgage-banker-debbie-nieto-my-first-guest-blogger/#respond" title="Comment on Welcome Knoxville mortgage banker Debbie Nieto, my first guest blogger.">No Comments</a> </div> <!-- <rdf:RDF xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:trackback="http://madskills.com/public/xml/rss/module/trackback/"> <rdf:Description rdf:about="http://knoxvilletennesseerealestateblog.com/170/welcome-knoxville-mortgage-banker-debbie-nieto-my-first-guest-blogger/" dc:identifier="http://knoxvilletennesseerealestateblog.com/170/welcome-knoxville-mortgage-banker-debbie-nieto-my-first-guest-blogger/" dc:title="Welcome Knoxville mortgage banker Debbie Nieto, my first guest blogger." trackback:ping="http://knoxvilletennesseerealestateblog.com/170/welcome-knoxville-mortgage-banker-debbie-nieto-my-first-guest-blogger/trackback/" /> </rdf:RDF> --> </div> <!-- <h2>April 14, 2008</h2> --> <div class="post"> <h3 class="posttitle" id="post-167"><a href="http://knoxvilletennesseerealestateblog.com/167/knoxvilles-red-light-cameras-those-silent-sentinels-everyone-loves-to-hate/" rel="bookmark">Knoxville’s red light cameras, those “silent sentinels” everyone loves to hate.</a></h3> <div class="meta">Posted by Jim Lee, REALTOR® @ 7:19 pm, April 14th, 2008</div> <div class="postcontent"> <p>In fact Knoxville’s still fairly new, red light cameras are still causing so much controversy one frustrated motorist took a hunting rifle to one that had just photgraphed him and <a title="red light cameras in knoxville tn" target="_blank" href="http://www.knoxnews.com/news/2007/Nov/26/police-say-man-shot-red-light-camera/">fired three shots</a> into it.</p> <p>His claim of self defense (he claimed the camera shot first) probably won’t hold much water in a Knoxville court; he is charged with reckless endangerment and felony vandalism.</p> <p>Meanwhile, just down the road in Chattanooga, 176 lucky drivers are getting their red light camera <a title="knoxville tn red light cameras" target="_blank" href="http://arstechnica.com/news.ars/post/20080413-red-light-camera-monkey-business-may-be-a-national-trend.html">fines refunded</a> because one irate and apparently very observant, <strike>victim</strike>………er, wrongdoer, discovered the yellow light cycle was not timed correctly causing the caution light to only stay yellow 3 seconds instead of the 3.9 seconds mandated by safety standards.</p> <p>Chattanooga’s city traffic engineer claims it was an “accidental mixup” related to turn arrow timing.</p> <p>If any of these stories are true it might cause you to wonder how “accidentally’ that mixup really was.</p> <p>Hmmmm, first time I have a few spare minutes I’m going to take my stop watch out and investigate a couple of traffic lights near my west Knoxville neighborhood and see if any “accidents” have befallen those yellow lights.</p> <p><img alt="ss_blog_claim=0329f13f9fd12038505219a1e543716d" src="http://socialspark.com/images/claimdot.gif" /> </p> </div> <div class="feedback">Filed under <strong><a href="http://knoxvilletennesseerealestateblog.com/category/uncategorized/" title="View all posts in Knoxville TN Realtor" rel="category tag">Knoxville TN Realtor</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/knoxville-tennessee-schools/" title="View all posts in Knoxville Tennessee Schools" rel="category tag">Knoxville Tennessee Schools</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/university-of-tennessee/" title="View all posts in University of Tennessee" rel="category tag">University of Tennessee</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/oak-ridge-national-laboratory/" title="View all posts in Oak Ridge National Laboratory" rel="category tag">Oak Ridge National Laboratory</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/town-of-farragut-tennessee/" title="View all posts in Town of Farragut Tennessee" rel="category tag">Town of Farragut Tennessee</a></strong> | <a href="http://knoxvilletennesseerealestateblog.com/167/knoxvilles-red-light-cameras-those-silent-sentinels-everyone-loves-to-hate/#respond" title="Comment on Knoxville's red light cameras, those "silent sentinels" everyone loves to hate.">No Comments</a> </div> <!-- <rdf:RDF xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:trackback="http://madskills.com/public/xml/rss/module/trackback/"> <rdf:Description rdf:about="http://knoxvilletennesseerealestateblog.com/167/knoxvilles-red-light-cameras-those-silent-sentinels-everyone-loves-to-hate/" dc:identifier="http://knoxvilletennesseerealestateblog.com/167/knoxvilles-red-light-cameras-those-silent-sentinels-everyone-loves-to-hate/" dc:title="Knoxville’s red light cameras, those “silent sentinels” everyone loves to hate." trackback:ping="http://knoxvilletennesseerealestateblog.com/167/knoxvilles-red-light-cameras-those-silent-sentinels-everyone-loves-to-hate/trackback/" /> </rdf:RDF> --> </div> <!-- <h2>March 31, 2008</h2> --> <div class="post"> <h3 class="posttitle" id="post-164"><a href="http://knoxvilletennesseerealestateblog.com/164/first-time-knoxville-area-homebuyers-guide/" rel="bookmark">First time Knoxville area homebuyers guide</a></h3> <div class="meta">Posted by Jim Lee, REALTOR® @ 8:42 am, March 31st, 2008</div> <div class="postcontent"> <p>You hear a lot these days about setting goals and how powerful they are.</p> <p>Being an old goal setter myself I can attest to the truth and accuracy of that statement. Setting goals can be critical in helping you achieve any and all of your dreams including buying that first home.</p> <p>Here are 5 tips that will put you into that Knoxville or Farragut area home of your dreams:</p> <ol> <li>You must write your homeownership goals down and be very specific. For instance, don’t just say I want to own a home someday; you must say, ” I will own and live in a 1600 square foot home with 3 bedrooms, 2 bathrooms, and a two car garage located in Farragut, Tennessee.” Writing it down and making it specific is the most important step in goal setting.</li> <li>Your goal must be measurable. For instance if you need to save some money for a down payment or closing costs; set smaller, time goals along the way when you will have specific amounts of money set aside for your new home.</li> <li>Your goals must be believable to you. For most of us it is reasonable to believe that you can own a home in the Knoxville, Tennessee area like the one described. It is probably not reasonable for most of us to expect to own a 40,000 square foot luxury beachfront mansion in the Caribbean.</li> <li>It must be something rewarding to you that you have clear reasons to want. For example, I want a new home for the security it affords me and my family, to have a yard to work in, and/or to stop the continuous rent increases.</li> <li>You must set a time limit to achieve your goal. This is one of most powerful parts of goal setting. If you write down; “By July 15th, 2009, I will be living in a 2,000 square foot, all brick home with at least a 1/2 acre yard”, your subconscious mind will help speed you toward that goal and keep you on course for it.</li> </ol> <p>Once you set your goal of homeownership and write that goal down with a time limit to achieve it, you’ll be amazed at how easy it seemed when you’re celebrating owning your new home.</p> <p>Anyone thinking of buying a home now or in the future might benefit from a free copy of my <em><strong>“Homebuyer’s Toolkit, Ten Steps to Choosing and Purchasing a Home.” </strong></em></p> <p>email your postal mailing address to <a title="Jim Lee Knoxville Realtor Knoxville TN" target="_blank" href="mailto:Jim@JimLee.com">Jim@JimLee.com</a> and I’ll drop your free copy in the mail.</p> <p><a target="_blank" title="own a knoxville or farragut tennessee home of your own by setting goals jim lee knoxville area realtor" href="http://www.Knoxvillehomecenter.com">www.KnoxvilleHomeCenter.com</a> is also a great place to start your dream and find a home to fit into your goal. and of course I would be honored to help you with your new goal of home ownership like I’ve helped hundreds of others just like you. </p> </div> <div class="feedback">Filed under <strong><a href="http://knoxvilletennesseerealestateblog.com/category/knoxville-homes-for-sale/" title="View all posts in Knoxville homes for sale" rel="category tag">Knoxville homes for sale</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/knoxville-mls/" title="View all posts in Knoxville MLS" rel="category tag">Knoxville MLS</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/university-of-tennessee/" title="View all posts in University of Tennessee" rel="category tag">University of Tennessee</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/oak-ridge-national-laboratory/" title="View all posts in Oak Ridge National Laboratory" rel="category tag">Oak Ridge National Laboratory</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/town-of-farragut-tennessee/" title="View all posts in Town of Farragut Tennessee" rel="category tag">Town of Farragut Tennessee</a></strong> | <a href="http://knoxvilletennesseerealestateblog.com/164/first-time-knoxville-area-homebuyers-guide/#respond" title="Comment on First time Knoxville area homebuyers guide">No Comments</a> </div> <!-- <rdf:RDF xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:trackback="http://madskills.com/public/xml/rss/module/trackback/"> <rdf:Description rdf:about="http://knoxvilletennesseerealestateblog.com/164/first-time-knoxville-area-homebuyers-guide/" dc:identifier="http://knoxvilletennesseerealestateblog.com/164/first-time-knoxville-area-homebuyers-guide/" dc:title="First time Knoxville area homebuyers guide" trackback:ping="http://knoxvilletennesseerealestateblog.com/164/first-time-knoxville-area-homebuyers-guide/trackback/" /> </rdf:RDF> --> </div> <!-- <h2>February 29, 2008</h2> --> <div class="post"> <h3 class="posttitle" id="post-158"><a href="http://knoxvilletennesseerealestateblog.com/158/who-is-buying-knoxville-farragut-homes-in-2008/" rel="bookmark">Who is buying Knoxville & Farragut homes in 2008?</a></h3> <div class="meta">Posted by Jim Lee, REALTOR® @ 10:02 am, February 29th, 2008</div> <div class="postcontent"> <p>Not surprisingly it’s the same people that were buying them last year; there’s just not as many this year.</p> <p>Married couples still make up the overwhelming majority of the Knoxville area buying market and that group is trending toward younger, first time buyers.</p> <p>No surprise there either. With interest rates so attractive right now many buyers are discovering they can buy a home and end up with a payment several hundred dollars less than they’re currently paying in rent.</p> <p><img title="Now is a great time to buy a Knoxville or Farragut Tennessee home" height="298" alt="Now is a great time to buy a Knoxville or Farragut Tennessee home" src="http://i92.photobucket.com/albums/l4/jamesleetn/house1.jpg" width="394" /></p> <p>Coming in second in buyers that buy are single women; a trend that has remained constant for the past several years. Single women buy about 20% of Knoxville’s homes.</p> <p>Single guys aren’t doing that well; only 9% of the buyer group are the guys. One has to wonder if they’re spending their money on the single women. <img src='http://knoxvilletennesseerealestateblog.com/wp-includes/images/smilies/icon_wink.gif' alt=';-)' class='wp-smiley' /> </p> <p>Minorities are buying Knoxville area homes as well.</p> <p>African-Americans make up 7 percent of the home-buying populace; Hispanics and Latinos are 6 percent, and Asians and Pacific Islanders are 5 percent.</p> <p>With the recent chaos and resulting clampdowns in mortgage guidelines, investors are not in the market now in such large numbers as before. Also, low down payment loans and jumbo loans are getting tougher to qualify for.</p> <p>If you’re a Knoxville couple, single, minority, or a combination, and you are looking for a new home, <a title="buying homes & houses in knoxville tennessee jim lee knoxville farragut area realtor" href="http://www.KnoxvilleMLS.com" target="_blank">KnoxvilleMLS.com</a> is a great place to begin your search.</p> <p>I also have a free “<strong>Homebuyer’s Toolkit</strong>” published by the Real Estate Buyers Agents Council (REBAC) that I would be glad to give you. It’s packed full of valuable information for homebuyers such as:</p> <table style="height: 163px" cellspacing="1" width="90%" border="0"> <tr> <td style="width: 9%; height: 159px" valign="top"> </td> <td style="width: 91%; height: 159px"> <ul> <li> <p style="margin-top: 0pt; margin-bottom: 0pt" align="left"><font face="Tahoma" size="2">Deciding to Buy a Home </font></p> </li> <li> <p style="margin-top: 0pt; margin-bottom: 0pt" align="left"><font face="Tahoma" size="2">Locating and Buying a Home</font></p> </li> <li> <p style="margin-top: 0pt; margin-bottom: 0pt" align="left"><font face="Tahoma" size="2">Making the Best Deal</font></p> </li> <li> <p style="margin-top: 0pt; margin-bottom: 0pt" align="left"><font face="Tahoma" size="2">Moving In </font></p> </li> <li> <p style="margin-top: 0pt; margin-bottom: 0pt" align="left"><font face="Tahoma" size="2">Home Buyer’s Glossary of Terms</font></p> </li> <li> <p style="margin-top: 0pt; margin-bottom: 0pt" align="left"><font face="Tahoma" size="2">What a Real Estate Buyer’s Representative is… and Why You Should Use One</font></p> </li> <li> <p style="margin-top: 0pt; margin-bottom: 0pt" align="left"><font face="Tahoma" size="2">Finding a Neighborhood for You</font></p> </li> <li> <p style="margin-top: 0pt; margin-bottom: 0pt" align="left"><font face="Tahoma" size="2">Making An Offer  </font></p> </li> <li> <p style="margin-top: 0pt; margin-bottom: 0pt" align="left"><font face="Tahoma" size="2">Tax Tips for Buyers</font></p> </li> <li> <p style="margin-top: 0pt; margin-bottom: 0pt" align="left"><font face="Tahoma" size="2">How to Start Packing Prior to your Move</font></p> </li> <li> <p style="margin-top: 0pt; margin-bottom: 0pt" align="left"><font face="Tahoma" size="2">Resources </font></p> </li> </ul> </td> </tr> </table> <p>Please call or <a title="email jim lee knoxville tn realtor" href="mailto:Jim@KnoxvilleMLS.com">email</a> me with any real estate questions and to view any homes of interest.</p> <p>As an “<a title="Jim Lee knoxville & farragut tennessee real estate buyers agent & realtor" href="http://www.rebac.net/Home.aspx" target="_blank">Accredited Buyer Representative</a>” (ABR), I’m well qualified to represent you in your new home purchase and ensure you get the best house for your money.</p> <p><img title="knoxville tennessee homes for sale. farragut, maryville, lenoir city, oak ridge, real estate" height="135" alt="knoxville tennessee homes for sale. farragut, maryville, lenoir city, oak ridge, real estate" src="http://i92.photobucket.com/albums/l4/jamesleetn/FrontView.jpg" width="179" /> </p> </div> <div class="feedback">Filed under <strong><a href="http://knoxvilletennesseerealestateblog.com/category/knoxville-mls/" title="View all posts in Knoxville MLS" rel="category tag">Knoxville MLS</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/knoxville-tennessee-relocation/" title="View all posts in Knoxville Tennessee relocation" rel="category tag">Knoxville Tennessee relocation</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/oak-ridge-tennessee-real-estate/" title="View all posts in Oak Ridge Tennessee real estate" rel="category tag">Oak Ridge Tennessee real estate</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/loudon-county-real-estate/" title="View all posts in Loudon County real estate" rel="category tag">Loudon County real estate</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/town-of-farragut-tennessee/" title="View all posts in Town of Farragut Tennessee" rel="category tag">Town of Farragut Tennessee</a></strong> | <a href="http://knoxvilletennesseerealestateblog.com/158/who-is-buying-knoxville-farragut-homes-in-2008/#respond" title="Comment on Who is buying Knoxville & Farragut homes in 2008?">No Comments</a> </div> <!-- <rdf:RDF xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:trackback="http://madskills.com/public/xml/rss/module/trackback/"> <rdf:Description rdf:about="http://knoxvilletennesseerealestateblog.com/158/who-is-buying-knoxville-farragut-homes-in-2008/" dc:identifier="http://knoxvilletennesseerealestateblog.com/158/who-is-buying-knoxville-farragut-homes-in-2008/" dc:title="Who is buying Knoxville & Farragut homes in 2008?" trackback:ping="http://knoxvilletennesseerealestateblog.com/158/who-is-buying-knoxville-farragut-homes-in-2008/trackback/" /> </rdf:RDF> --> </div> <!-- <h2>February 28, 2008</h2> --> <div class="post"> <h3 class="posttitle" id="post-157"><a href="http://knoxvilletennesseerealestateblog.com/157/knoxville-tennessee-january-2008-real-estate-sales-statistics/" rel="bookmark">Knoxville Tennessee January 2008 real estate sales statistics</a></h3> <div class="meta">Posted by Jim Lee, REALTOR® @ 5:06 pm, February 28th, 2008</div> <div class="postcontent"> <p>The <a title="knoxville tn real estate jim lee realtor" href="http://www.kaarmls.com/Jan08nar.htm" target="_blank">January 2008</a> sales figures are out for the greater Knoxville area Realtors.</p> <p>It appears for the first full month of the year in Knoxville we have about a 23% drop in sales volume over the same time period in 2007.</p> <p>Total volume was 783 closed units for January 08 versus 1,017 for January 07.</p> <p>Apparently Knoxville & Farragut sellers are still not jumping out of windows though, the average sales price for a 3 bedroom home the only declined .3% or down to $161,800 versus $162,300 in January 2007.</p> <p>With interest rates still hovering near a 4 year low it remains a good time to buy a new home. Lots of Knoxville area sellers are willing to negotiate and some good buys are out there.</p> <p>Visit <a title="knoxville tennessee real estate jim lee realtor knoxville home center" href="http://www.KnoxvilleMLS.com" target="_blank">KnoxvilleMLS.com</a> to take a look at the inventory; call me to go look at your favorites.</p> <p> </p> <p>  </p> </div> <div class="feedback">Filed under <strong><a href="http://knoxvilletennesseerealestateblog.com/category/knoxville-tennessee-real-estate/" title="View all posts in Knoxville Tennessee Real Estate" rel="category tag">Knoxville Tennessee Real Estate</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/knoxville-tennessee-relocation/" title="View all posts in Knoxville Tennessee relocation" rel="category tag">Knoxville Tennessee relocation</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/town-of-farragut-tennessee/" title="View all posts in Town of Farragut Tennessee" rel="category tag">Town of Farragut Tennessee</a>, <a href="http://knoxvilletennesseerealestateblog.com/category/new-homes-in-knoxville-tennessee/" title="View all posts in New homes in Knoxville Tennessee" rel="category tag">New homes in Knoxville Tennessee</a></strong> | <a href="http://knoxvilletennesseerealestateblog.com/157/knoxville-tennessee-january-2008-real-estate-sales-statistics/#respond" title="Comment on Knoxville Tennessee January 2008 real estate sales statistics">No Comments</a> </div> <!-- <rdf:RDF xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:trackback="http://madskills.com/public/xml/rss/module/trackback/"> <rdf:Description rdf:about="http://knoxvilletennesseerealestateblog.com/157/knoxville-tennessee-january-2008-real-estate-sales-statistics/" dc:identifier="http://knoxvilletennesseerealestateblog.com/157/knoxville-tennessee-january-2008-real-estate-sales-statistics/" dc:title="Knoxville Tennessee January 2008 real estate sales statistics" 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href="http://www.blogs-collection.com" title="blog directory">Blogs-collection.com</a><br />blog directory</li> <li><a href="http://www.PropertyPricer.com" title="Get a FREE Realtor opinion of what your Greater Knoxville, Tennessee homes should sell for.">Get your home's current market value.</a><br />Get a FREE Realtor opinion of what your Greater Knoxville, Tennessee homes should sell for.</li> <li><a href="http://knoxvillemls.com/mortgageinfo.htm" title="Information for Knoxville TN on Mortgages and Mortgage Lenders">Knoxville TN Mortgage Information</a><br />Information for Knoxville TN on Mortgages and Mortgage Lenders</li> <li><a href="http://www.KnoxvilleHomeCenter.com" title="Jim Lee Knoxville Tennessee Realtor">Knoxville TN Realtor</a><br />Jim Lee Knoxville Tennessee Realtor</li> <li><a href="http://www.real-estate-blogs.com/" title="A directory of real estate blogs and blog sites of industries affiliated with and serving the real estate industry.">Real Estate Blogs</a><br />A directory of real estate blogs and blog sites of industries affiliated with and serving the real estate industry.</li> <li><a href="http://rembex.mariah.com/" title="Real Estate & Mortgage Blogger's Exchange">rembex.com</a><br />Real Estate & Mortgage Blogger's Exchange</li> <li><a href="http://knoxvillemls.com/Realestateinfo.htm" title="Search Knoxville Tennesse Residential Homes for Sale">Search Homes for Sale in Knoxville Tennessee</a><br />Search Knoxville Tennesse Residential Homes for Sale</li> <li><a href="http://knoxvillemls.com/selling.htm" title="Information for Selling a Home in Knoxville Tennessee">Selling a Home in Knoxville Tennessee</a><br />Information for Selling a Home in Knoxville Tennessee</li> <li><a href="http://blog.sellsiusrealestate.com/" rel="contact" title="real estate bloggers">Sellsius Real Estate</a><br />real estate bloggers</li> </ul> <h2>Calendar</h2> <ol id="calendar"> <li><table id="wp-calendar"> <caption>July 2008</caption> <thead> <tr> <th abbr="Monday" scope="col" title="Monday">M</th> <th abbr="Tuesday" scope="col" title="Tuesday">T</th> <th abbr="Wednesday" scope="col" title="Wednesday">W</th> <th abbr="Thursday" scope="col" title="Thursday">T</th> <th abbr="Friday" scope="col" title="Friday">F</th> <th abbr="Saturday" scope="col" title="Saturday">S</th> <th abbr="Sunday" scope="col" title="Sunday">S</th> </tr> </thead> <tfoot> <tr> <td abbr="June" colspan="3" id="prev"><a href="http://knoxvilletennesseerealestateblog.com/date/2008/06/" title="View posts for June 2008">« Jun</a></td> <td class="pad"> </td> <td colspan="3" id="next" class="pad"> </td> </tr> </tfoot> <tbody> <tr> <td colspan="1" class="pad"> </td><td>1</td><td>2</td><td>3</td><td>4</td><td id="today">5</td><td>6</td> </tr> <tr> <td>7</td><td>8</td><td>9</td><td>10</td><td>11</td><td>12</td><td>13</td> </tr> <tr> <td>14</td><td>15</td><td>16</td><td>17</td><td>18</td><td>19</td><td>20</td> </tr> <tr> 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