Real Estate: Continued Recovery
the third quarter of 2014 our market continues to stabilize.
The largest change comes in distressed sales; foreclosures and
short sales represent 14.5% of this year's transactions, down
from 21.7% at this time last year. Arms-length (non-distressed)
sales are actually up 2.6% from the same period last year, with
overall market volume up 4.1%. This is indicative of healthy,
6-month moving average price, which offers an excellent overview
of market direction, is up 9.1% from this time last year:
We expect growth and modest appreciation to continue into 2015,
as the national economy continues to add jobs. It is likely
that mortgage rates will rise modestly in the next 6 months,
though not to levels that are expected to inhibit market activity.
2014 presents a window of opportunity:
Please contact us today for more information,
and to discuss how
we can help you achieve your real goals.
our Buying Page
for more information, our Search
Page to start browsing all available listings, the Features
Page for select properties, or call us today for personalized assistance
to find your home in the Great Smoky Mountains.