Emory Hills (Oak Ridge, TN)
By Cathy Glass, Realtor - Knoxville, Tennessee
(Realty Executives Associates)
Lawrence Yun, Senior Vice President of the National Association of Realtors (NAR) was on C-SPAN this morning discussing the housing market. They invited him as a guest in response to a Wall Street Joural article that said, basically, the housing market is getting better. Mr. Yun reminded them, "all real estate is local." He said that in the Rocky Mountain states, Texas, Oklahoma, and particularly Phoenix the recovery has been very fast, but in the New England states the housing market is expected to recover slower. The good news, he said, is that over five million houses sold in 2013, and the median home price rose by 9.4%. Additionally, there are now one-half fewer people who are underwater in their mortgage. There still are some foreclosures coming up that are mainly left over from 20...
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Oak Ridge, TN Real Estate Professionals