Articles tagged “mortgage-rates-3”
Top 5 Factors Affecting the Tennessee Real Estate Market
The Tennessee Real Estate Market is still Very Active Tennessee's real estate market is still very active. Tennessee is in the top 5 states (Florida, Texas, North Carolina, South Carolina, and Tennessee) with respect to activity. There is a lot of discussion and concern regarding market conditions and what impacts they are having on the housing market. Interest rates certainly have cooled the fever pitch of the last 2 years. Conversely, they have also reduced the available inventory, keeping pr
Read MoreMortgage Rate Dip Brings Buyers and Sellers Back (September 2024 Market Report)
By Skylar Olsen | Oct 15, 2024 Lower mortgage rates have sparked a resurgence in both buyers and sellers in the real estate market during September. The favorable conditions have drawn them back, with new listings and sales moving closer to pre-pandemic levels. For a potential buyer who could afford the mortgage payment on a typical home in May, the drop in mortgage rates to a two-year low of 6.08% by late September translated to a significant boost of over $40,000 in buying power over the p
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