Home sales up: it's a seller's game


Home sales are heating up around the country. It

In this Monday, May 6, 2013, photo, a home is for sale in Mt. Lebanon, Pa. A resurgent housing market, rising home values and steady job gains are helping more U.S. homeowners stay on top of their mortgage payments. The percentage of mortgage holders at least two months behind on their payments fell by 21 percent in the first three months of this year versus the same period in 2012, credit reporting agency TransUnion said Wednesday, May 8, 2013. (AP Photo/Gene J. Puskar)

KNOXVILLE, Tenn. (WVLT) Home sales are heating up around the country. It's a fresh sight after the housing bubble burst in late 2007.

"We are definitely seeing an increase of home sales in Knoxville, especially in the last 6 months," said Whitney Ray-Dawson of Weichart Realtors. "Fewer homes on the market and just as many, if not more buyers competing for those homes."

The last few months have brought a shift from a buyer's market to a seller's. Historically low interest rates are bringing in buyers while less people are putting homes on the market. Even so, sales continue to climb.

Last year's sales were up nearly 25% from 2011. The first quarter of this year was 15% above last.

Sunday's open houses showed a steady stream of families ready to buy despite a summer downpour.


Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to webmaster@wvlt-tv.com. Please provide detailed information.

powered by Disqus

WVLT VOLUNTEER TV

6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Gray Television, Inc. - Copyright © 2014 WVLT-TV Inc. - Designed by Gray Digital Media - Powered by Clickability 210765141 - local8now.com/a?a=210765141