What Buyers in Tennessee Want Most (And How the Tennessee Housing Market Is Shifting)
If you have been dreaming about relocating to Tennessee, you are probably paying close attention to what “affordability” looks like in the Tennessee housing market. A recent survey from Bank of America shows buyers want two things above all else: better prices and lower interest rates.
Here is what is happening now in the Tennessee housing market and why it matters if you are considering a move.
Home Prices Are Moderating in the Tennessee Housing Market
Over the past few years, home values in Tennessee, just like across the country, rose quickly and pushed many buyers out of the market. Lately, that pace has slowed. Instead of double digit jumps, the Tennessee housing market is showing more modest and predictable gains.
For buyers, this means planning your budget is easier and you are less likely to feel like you are chasing a moving target.
Mortgage Rates Are Easing in Tennessee
Rates have also come down from their highs, and that makes a real difference in your monthly payment. Most experts expect mortgage rates in the Tennessee housing market to stay in the low to mid 6 percent range, which is more manageable than what we saw just a short time ago.
Even a small drop in rates can open the door for more buyers to make their move to Tennessee with confidence.
Why This Matters for Your Move to Tennessee
Even though the broader economy still feels uncertain, the Tennessee housing market is finding more balance. Slower price growth and easing rates create opportunities for buyers who may have been waiting for the right time.
If you have been holding back, this shift in the Tennessee housing market could be the moment you have been waiting for.
Bottom Line
Both home prices and mortgage rates are adjusting in ways that make the Tennessee housing market more approachable for buyers. If you are considering making Tennessee your next home, now may be the perfect time.
Let’s talk about what is happening locally, what it means for your budget, and how you can make your move with confidence.
Brian & Lisa Mason
Mason Signature Homes Realty Group
☎️ 615 300 8113
Citation: “What Buyers Say They Need Most (And How the Market’s Responding), Keeping Current Matters”
