August 2024 payroll numbers continue to show a resilient job market, despite revisions expected to push the data higher, following a trend seen in previous years.

Market in a MinuteEast Tennessee home sales increased 5.2% from the previous month, and increased 9.3% from a year ago.The median sale price was $374,950 — up 7.13% from the previous year.Total housing inventory increased from the previous year – up 43.2% from a year ago.Half of the homes sold were under contract in 15 days or less, up from 9 days a year ago.44.61% of homes sold for the asking price or above, with 23.72% selling for more than the asking price. 10.32% sold for at least $10,000 over asking and 4% sold for at least $25,000 over asking.The sale-to-list price ratio decreased from last month to 98% – down from 98.6% a year ago.New construction represented 13.28% of total home sales.If you want to nerd out on the market here I'm always happy to chat.

I am a 30 year old technology(data science) professional who has been dabbling in real estate as a side gig.

What would you want to see from a private lender? --Feel free to share your own thoughts and considerations when you're looking for assistance from a PML!

The banks are just very conservative in this environment.I met a gentlemen who came into my brewery (current location that I lease) and we got to talking about the general market and our plans to scale. 

So they are the source for property transfers, but local real estate MLS and title insurance companies worked to make it happen.

You should speak to an real estate lawyer before purchasing this property. 

We should have a great group there discussing how to obtain Real Estate Professional Status by an accountant! 

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

To network and find meet-ups in Northern Austin, consider local real estate investment groups, real estate networking events, conferences and seminars, local real estate agents and brokers, and online forums.