Home Prices are SURGING in this Tennessee town
Home prices are still going up in Knoxville, TN, increasing by 7.7% over the last year amid a national housing downturn.
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Real estate prices in Knoxville are still going up due to a huge surge of people moving into the area, especially from nearby Nashville and also areas like Washington DC and New York.
People are moving into Knoxville because the home prices are more affordable than where they're coming from.
However - the locals in Knoxville are now being priced out of the Housing Market. With the market about 37% overvalued compared to its long-term fundamentals related to income.
Will Home Prices in Knoxville keep going up into 2024? We shall see.
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DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.
Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/
Additional stock footage provided by Envato Elements. https://elements.envato.com/
Видео Home Prices are SURGING in this Tennessee town канала Reventure Consulting
REVENTURE APP: https://www.reventure.app
Real estate prices in Knoxville are still going up due to a huge surge of people moving into the area, especially from nearby Nashville and also areas like Washington DC and New York.
People are moving into Knoxville because the home prices are more affordable than where they're coming from.
However - the locals in Knoxville are now being priced out of the Housing Market. With the market about 37% overvalued compared to its long-term fundamentals related to income.
Will Home Prices in Knoxville keep going up into 2024? We shall see.
---
Access Exclusive Data and Videos as a Channel Member: https://www.youtube.com/channel/UCVTQunGrE3p7Oq8Owao5y_Q/join
DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.
Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/
Additional stock footage provided by Envato Elements. https://elements.envato.com/
Видео Home Prices are SURGING in this Tennessee town канала Reventure Consulting
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