Are you a property owner looking for ways to maximize your profits? Maybe you're a renter or a traveler in search of accommodation options that fit your budget. Whether you're on either side of the spectrum, there's been a buzz in recent years about choosing short-term rentals like airBnB over traditional monthly rentals. In this blog post, we'll explore why airBnB properties could be a lucrative investment for property owners and an affordable option for travelers. Flexibility of Rental Rates One major benefit of airBnB rentals is the flexibility owners have with rates. Traditional monthly rentals require a long-term contract. Also, having a fixed rate that may not reflect the market's demand or fluctuating prices. With airBnB, property owners have the ability to change their rates based on the time of year. Special events in the area, or even the day of the week will also change rates. This flexibility gives owners the opportunity to earn more from their properties and capitalize on peak travel seasons. Increase in Occupancy Rates Unlike monthly rentals, airBnB properties cater to short-term stays. Meaning, that the occupancy rates are usually higher. Travelers tend to prioritize affordability, location, and unique experiences when choosing accommodation. AirBnB properties often provide these factors, which leads to higher interest from potential guests. With more bookings, property owners earn more revenue. The cost per night could end up being more than what a traditional monthly rental would offer. Opportunity to Showcase Unique Properties One factor that sets airBnB properties apart from traditional monthly rentals is the ability to showcase unique and personalized spaces. With traditional rentals, the property is usually furnished with basic furniture. AirBnB owners can curate spaces with unique decor, art, and themes that appeal to guests. This level of customization has been known to attract more bookings. Travelers are looking for memorable and authentic spaces to stay. Potential for Additional Services and Amenities Apart from unique decor and furnishings, airBnB owners can also provide guests with additional services and amenities. These can range from simple amenities like free wifi and laundry facilities. Some may have more elaborate options like cooking classes, personal tours, and even private chefs. By adding these services, airBnB owners can earn additional income while also enhancing guest experience. This leads to higher ratings and reviews on the platform. Integration with Digital Marketing and Social Media AirBnB allows owners to integrate their listings with digital marketing and social media. This gives owners additional opportunities to market their properties to potential guests. This integration enables owners to showcase their listings on social media. Being able to highlight the unique features of the space, and even offer exclusive discounts. By leveraging these platforms, owners can reach a broader audience and increase their revenue potential. Choosing airBnB over monthly rentals can be a smart investment for property owners or an affordable option for travelers. AirBnB properties offer more flexibility in rental rates, higher occupancy rates, unique customization, additional services and amenities, and integration with digital marketing and social media. With the opportunity to earn more, showcase unique spaces, and provide exceptional guest experiences, airBnB has become a valuable option for property owners and travelers alike. So, why not consider this short-term rental option and reap the benefits of a lucrative investment? Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

USDA lending zones play a significant role for those looking to purchase, develop, or refinance property. Understanding what USDA lending zones are and how they function can help home buyers, property owners, renters, and customers make informed decisions about real estate investments. In this comprehensive guide, we will explore everything you need to know about USDA lending zones. 1. What are USDA Lending Zones? USDA lending zones are geographical regions designated by the U.S. Department of Agriculture (USDA) that determine eligibility for a USDA Rural Development loan. These loans are designed to help prospective home buyers in rural areas purchase a home. However, the USDA lending zones extend beyond traditional rural areas and include certain suburban areas as well.The USDA divides regions into three categories: metropolitan, micropolitan, and rural. Metropolitan areas are excluded from eligibility for USDA loans. In contrast, micropolitan and rural areas are eligible for these loans. 2. How are Lending Zones Determined? USDA lending zones are determined based on population statistics, including income levels and economic activity. The USDA relies on the latest census data when making zone determinations. The data help the USDA assess a region's eligibility for a loan and its financial capacity to respond to economic activity, such as real estate investment and development. 3. Eligibility Qualifying for a USDA Rural Development loan in a USDA lending zone depends on various eligibility factors. These factors include credit history, income level, and debt-to-income ratio. Additionally, the property must meet certain parameters, such as being located within a USDA lending zone and meeting specific health, safety, and environmental standards. 4. Benefits of USDA Loans USDA loans offer various benefits. One of the primary benefits is that these loans have no down payment requirements, which can be especially advantageous for first-time home buyers. Additionally, USDA loans have flexible credit requirements and lower interest rates than conventional loans. USDA loans also allow for the financing of property repairs and renovation costs. USDA loans offer various benefits. One of the primary benefits is that these loans have no down payment requirements, which can be especially advantageous for first-time home buyers. Additionally, USDA loans have flexible credit requirements and lower interest rates than conventional loans. USDA loans also allow for the financing of property repairs and renovation costs. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

Looking to sell or rent out your commercial property? It can be a tough decision to make, but timing is everything. Listing your property at the right time and in the right way can make a big difference in how long it takes to sell or rent out your property and at what price. In this blog, we’ll go over some tips to help you know when and how to list your commercial property for the best results. 1. Timing is Everything: When to List Your Commercial Property One of the first things to consider is the timing of your listing. Like most things in life, timing is everything when it comes to listing your commercial property. A lot of external factors can impact the timing of your listing. For example, if the economy is doing well, there may be more buyers or renters in the market. On the other hand, if there’s a recession, there may be fewer people looking to purchase or rent. Additionally, consider seasonal factors that could impact your listing. Winter is usually a slower time for buying and renting in many regions, while the spring and summer months are typically busier. Be aware of both local and international events that could impact your listing, like conventions or major holidays. The timing of your listing can make all the difference in how quickly you find the right buyer or renter. 2. Prepping Your Property Before you list, you’ll want to take a good look at your property and make sure it is in the best condition possible. A clean, well-maintained property is more attractive to potential buyers or renters. Identify any needed repairs or cosmetic upgrades that need to be done. Make sure that all the systems, like electrical and plumbing, are in good working order. You may also consider staging your property to make it more appealing and help potential buyers or renters visualize the space. While it may cost a little extra money, it can be well worth the investment in a faster sale or rental at a higher price. 3. How to List Your Commercial Property Once you’ve determined the timing and prepped your property, it’s time to decide how you’re going to list your property. There are a variety of options available, depending on your goals and budget. For example, you can work with a commercial real estate agent, list your property on a commercial real estate website, or leverage social media to get more exposure. If you decide to work with a commercial real estate agent, make sure to choose someone with relevant experience and a good track record in your area. Agents can offer valuable insight into the market demand and pricing strategies that can help you get the best deal. 4. Setting the Right Price Pricing your commercial property can be one of the most challenging aspects of listing. It’s important to strike a balance between setting a fair price that will attract buyers/renters and maximizing your profit. Look at current trends in your area and price your property accordingly. Consider getting an appraisal of your property to help you set a fair price and don’t forget to factor in any repairs or upgrades you’ve made. Be aware of any emotional attachment you may have to the property and be willing to negotiate if necessary. Listing your commercial property can feel daunting, but with these tips, you can rest assured that you’re taking a strategic approach. From determining the right timing to setting a fair price, every step counts. By preparing your property, identifying the right listing strategy, and pricing it correctly, your commercial property can hit the market with a big impact. Happy Listing! Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

If you're seeking to buy, sell, or rent a commercial property, understanding how the property value is assessed is crucial. The value of a commercial property depends on several factors. Some include comparative sale value, construction cost, and capitalization rate. These aspects help not only property owners but also buyers and renters to know what makes a commercial property a good investment. In this blog post, we break down the three key components of a commercial property's value, how they work, and why they matter. Comparative Sale Value: The first and most commonly used valuation method is the Comparative Sale Value (CSV). It is the assessment of a property value by comparing it to sales data from similar properties in the same location. It analyzes the prices of recently sold similar buildings, appraisers can estimate the current value of a property. Thus, if a property is in a highly desirable area, its value will likely be higher, and vice versa. A property's condition, location, and features are considered when performing CSV. It can be an ambiguous method because standardizing properties is not easy. Additionally, some differences that add value may not be visible. Construction Cost: The second aspect of property valuation is construction cost. This method calculates the value of the property by totaling the costs associated with construction. While calculating the construction cost, property appraisers consider the type of materials used, the labor cost, and the time needed. Construction cost valuation is often used for newly built properties since their depreciated value isn't yet being considered. The older a building is, the more depreciated it becomes because of the passage of time, which affects its worth. Capitalization Rate: The third valuable metric is the capitalization rate, also known as CAP rate. This method sets the value of an investment property by dividing the net operating income by its price. The net operating income refers to the potential yearly income that the property generates. From market rent and extra income from the property's amenities, less any operating expenses. In short, CAP rate reflects the opportunity cost you can incur by investing in a single property. A lower cap rate means better investment opportunities. Location, Location, Location: While all three metrics mentioned above play an essential role in determining the value of a commercial property, location is the icing on the cake. Regardless of the property's age and condition, it's difficult to value it correctly if it's not situated in a good location. A commercial property located at the right place and in the right market is going to be worth more. It guarantees better traffic, customers, and profitability. An appraiser will always keep in mind the location's potential growth when determining the final value of a property. In summary, the three aspects of valuating commercial properties are Comparative Sale Value, Construction Cost, and Capitalization Rate. An understanding of these metrics is crucial when buying or renting commercial properties. The location of a property can make a vast difference in its value, but these other factors also impact the price. Take these key aspects into consideration when making commercial property investments. Owners, renters, and buyers can make informed decisions on which properties to invest in. Always remember, commercial property is an excellent source of investment, and keeping an eye on its value is always essential. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

Whether you're a property owner looking to sell or a buyer searching for the perfect space, navigating the world of commercial real estate can be daunting. The stakes are high, and there are countless factors to consider. From location and zoning regulations to tenant placement and financing, it can be difficult to know where to start. But fear not, we've got you covered. In this article, we'll walk you through some important things to keep in mind as you prepare to buy or sell commercial property. 1. Location, Location, Location: One of the most important factors when it comes to commercial property is location. Is the property in a highly trafficked area? Is it near public transportation? Are there any new developments that may impact the property's value? These are all questions you should consider when looking to buy or sell. If you're a buyer, you'll want to make sure the location is right for your business. Does it attract the right kind of customers? Is it accessible to your employees? On the other hand, if you're a seller, highlighting the location's perks can make a big difference in attracting potential buyers. 2. Zoning Regulations: Zoning regulations can have a big impact on the use of a property. Before you buy or sell, it's important to make sure the intended use is allowed in the area. You don't want to end up with a property that can't be used for its intended purpose. If you're a seller, providing information about the zoning regulations in the area can help attract potential buyers. On the other hand, if you're a buyer, it's important to do your due diligence and make sure the property can be used for your intended purposes. 3. Tenant Placement: If you're buying a property that already has tenants, it's important to consider the current lease agreements. Are the rents at market value? Are the leases expiring soon? Will you need to find new tenants? Similarly, if you're a seller, highlighting the quality of your current tenants can make a big difference in attracting potential buyers. Make sure you have accurate and up-to-date information about the current leases and tenant satisfaction. 4. Financing: Financing is always a concern when buying or selling commercial property. It's important to work with professionals who have experience in commercial lending. You'll want to make sure you're getting the best rates and terms possible. If you're a buyer, be sure to have all your financial information in order before you apply for any loans. If you're a seller, make sure you have all the necessary documentation and information available for potential buyers. 5. Risks and Rewards: Finally, it's important to consider the risks and rewards of buying or selling commercial property. Investing in commercial real estate can be a great way to generate income, but it's not without its risks. Make sure you're prepared for the work and responsibility that comes with owning commercial property. If you're a seller, make sure you're aware of the value of your property and what kind of return on investment you can expect. If you're a buyer, consider the potential for growth and income generation in the area. Buying or selling commercial property can be a complex process, but with the right information and resources, it can also be a rewarding one. Whether you're a seasoned investor or just starting out, be sure to consider the location, zoning regulations, tenant placement, financing, and risks and rewards before making any big decisions. By taking the time to do your research and work with experienced professionals, you'll be on your way to success in the world of commercial real estate. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

Looking for a reliable and knowledgeable Knoxville, TN realtor? You want someone who is experienced and trustworthy. Shawn Wilmoth REALTOR® is the perfect choice for all your property needs. Having years of experience under his belt, he knows the ins and outs of the local market. Helping you find your perfect home or investment property. Explore the benefits of having Shawn Wilmoth as your ideal Knoxville, TN realtor. Expert Knowledge of the Local Market One of the key advantages of having Shawn Wilmoth as your REALTOR® is his in-depth knowledge of the local market. He is well-versed in current trends and stats. Enabling him to provide an accurate picture of the current market conditions. Additionally, his ability to analyze data and make expert predictions help the process. This will help you make informed decisions about your property in Knoxville, TN. Customized Property Search Shawn Wilmoth understands that each client has different needs and requirements when it comes to finding a new home. Working closely with you to understand your preferences and priorities. Additionally, budget to create a customized property search that meets your specific needs. Whether you’re a first-time homebuyer or a seasoned investor, Shawn will help you find the right property that fits your budget and lifestyle. Expert Negotiation Skills Buying or selling a property involves a lot of negotiation. Shawn Wilmoth has excellent negotiation skills and can help you get the best deal possible. Understand the value and worth of every property and will negotiate on your behalf to ensure that you get a fair price. Additionally, his experience in the industry has led him to develop strong relationships with other professionals in the field. Exceptional Client Services Shawn Wilmoth REALTOR® is dedicated to providing exceptional client services. He believes in building long-term relationships with his clients and is committed to exceeding their expectations. Whether you’re buying your first home or selling a property, he will be there for you every step of the way. His excellent client services set him apart from the rest, making him the ideal choice. Shawn Wilmoth is the perfect choice for anyone looking for expert advice and assistance in the Knoxville, TN real estate market. With his extensive knowledge of the local market, his customized property search, and his excellent negotiation skills, he can help you get the best deal possible. His exceptional communication skills and dedication to client service make him the ideal choice for all your property needs. Don’t hesitate to reach out to Shawn Wilmoth today to get started on your property journey! Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

Are you looking for a reliable realtor who can help you get your dream commercial property in Jefferson City, TN? Look no further because Shawn Wilmoth REALTOR® is here to help you. With his vast experience in the industry, he can provide you with essential insights and guidance that will help you make informed decisions. In this blog post, we explore the world of Shawn Wilmoth REALTOR® and highlight some of the reasons why you should consider working with him. 1. A Proven Track Record in the Industry Shawn Wilmoth REALTOR® has a wealth of experience in the real estate industry, spanning over a decade. His track record in the industry speaks for itself, and his knowledge of the market is unparalleled. He has helped numerous clients buy, rent, or sell property, and has a reputation for delivering results. Additionally, with his keen eye for detail, he can help you find the perfect commercial property to suit your needs. 2. Unmatched Professionalism One of the qualities that sets Shawn Wilmoth REALTOR® apart is his professionalism. He is dedicated to exceptional customer service, and his communication skills are second to none. Making sure to listen to your needs and requirements, and work tirelessly to ensure your satisfaction. As a seasoned professional, he knows how to handle complex real estate transactions and will ensure that every aspect of the process goes smoothly. 3. Extensive Local Knowledge Shawn Wilmoth REALTOR® has lived and worked in Jefferson City, TN, for years. He has extensive local knowledge of the market and can help you find the best commercial properties in the area. He knows the neighborhoods, the market trends, and the local businesses. With his expertise, you can rest assured that you are making an informed decision about your commercial property investment. 4. Flexible and Adaptable to Your Needs Shawn Wilmoth REALTOR® understands that every client has unique needs and requirements. He is flexible and adaptable and will work with you to customize a plan that suits your specific needs. He has experience working with clients, from first-time buyers to seasoned investors. Providing you with personalized attention and guidance every step of the way. 5. A Passion for Real Estate Last but certainly not least, Shawn Wilmoth REALTOR® is passionate about real estate. He loves what he does, and it shows in his work. Always committed to providing quality service to his clients and takes pride in helping them achieve their real estate goals. He has a deep understanding of the industry and enjoys sharing his knowledge with his clients. In conclusion, Shawn Wilmoth REALTOR® is a seasoned professional who can help you easily navigate the complex world of commercial real estate. His extensive local knowledge, proven track record, and unmatched professionalism make him the go-to realtor for all your commercial property needs. With his personalized attention and flexible approach, you can trust him to help you make informed decisions about your real estate investment. So, if you're looking for a real estate expert who will go the extra mile for you, look no further than Shawn Wilmoth REALTOR®. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

Are you finally ready to buy a home? Congratulations! This is one of the most exciting investments you'll ever make, but it can also be quite intimidating. With an endless amount of options and factors to consider, it can feel overwhelming to even begin the process. Don't worry, though - we've got you covered. In this guide, we'll break down everything you need to know to prepare yourself for the big purchase. Whether you're already house hunting or just starting to think about it, keep reading to learn more. Step One: Get Your Financials in Order Before you start looking at homes, it's crucial to know your financial situation inside and out. This means checking your credit score, reviewing your budget, and getting pre-approved for a mortgage. Not only will this help you determine what you can afford, but it'll also make you a more attractive buyer to sellers. Plus, with pre-approval, you'll be ready to make an offer as soon as you find your dream home. Step Two: Determine Your Must-Haves Every home buyer has different priorities: some want a big backyard, while others prioritize a short commute. Make a list of your must-haves, but also be willing to compromise. Remember, no home will be perfect, so it's important to identify what you truly need versus what you'd like to have. This will help you narrow down your search and save you time and stress in the long run. Step Three: Work with a Real Estate Agent When it comes to buying a home, it's vital to work with a trusted real estate agent. An agent can help you navigate the market, negotiate prices, and find the perfect home based on your specific needs. Plus, they can provide invaluable advice and resources, from mortgage lenders to home inspectors. Don't be afraid to shop around and find the agent that's right for you. Shawn Wilmoth REALTOR® is an experienced Tennessee Realtor who can help you on your journey! Step Four: Tour Homes and Ask Questions Once you start touring homes, it's important to be observant and ask plenty of questions. Don't be afraid to open cabinets, look in closets, and examine every inch of the property to make sure it's up to your standards. When in doubt, ask your real estate agent or the seller for clarification. And remember, the home inspection process is your time to uncover any potential issues before closing on the home. Step Five: Closing and Moving In Once you've found the perfect home and closed on the deal, it's time to move in! Make sure to contact utility companies, forward your mail, and hire movers if needed. And don't forget to celebrate - buying a home is a huge accomplishment, and you can now enjoy all the perks of being a homeowner. Buying a home is a major life decision, but with the right preparation and guidance, it can be a smooth and rewarding experience. Remember to get your finances in order, determine your must-haves, work with a real estate agent, ask plenty of questions, and celebrate your new home. Happy house hunting! Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

Morristown, Tennessee, is tucked away in the east Tennessee mountains. It is one of the state's largest industrial centers. Along with this, the historical downtown area of Morristown is a great place to gather for residents and visitors alike. In addition, it boasts a low cost of living, making it the ideal destination for those who prefer a more laid-back lifestyle. With plenty of homes, apartments, and condos for sale or rent, it is easy to settle in this charming town. In this blog post, we'll take you through the top experiences worth living and places worth visiting in Morristown, Tennessee. Let's dive in! Explore Panther Creek State Park Panther Creek State Park is the perfect place to enjoy your time in nature. The park is over 1,400 acres and offers plenty of activities like hiking, biking trails, a boat ramp, fishing, and camping. The park is also a great place to have a picnic with your family or friends while enjoying stunning views of the park's lake. Whether you're an avid outdoor enthusiast or just looking for a place to spend quality time with your family, Panther Creek State Park is the perfect place for you. Experience Downtown Morristown If you're looking for a place to gather, explore, shop, and dine, Downtown Morristown is the perfect place to visit. The downtown has a rich history, as it was established in 1855, and maintains its charm to this day. You can take a leisurely walk along the brick sidewalks stopping by antique stores, specialty shops, boutiques, and local restaurants. Take your time visiting unique and quirky stores to complete your experience. Learn History at the Rose Center Cultural Arts Center The Rose Center Cultural Arts Center is a facility dedicated to the preservation and education of Morristown's rich history and the arts. The center is a great place to gain knowledge of Morristown's past with an extensive collection of artifacts and exhibits. Along with the historical exhibits, the center also features performance stages, art galleries, and classrooms that offer art and theatre classes for all ages. Enjoy touring a heritage home dating back to the 1800s, in their backyard. Visit the Crockett Tavern Museum The Crockett Tavern Museum is another great place to learn about the region's history. The museum is set in the building that was once a tavern owned by Davy Crockett's father, John Crockett. There is an impressive collection of artifacts, many of which belonged to the Crockett family. You can also get a glimpse into the life of John and Davy Crockett, who both lived in Morristown. The museum is a must-visit for history buffs and anyone interested in Davy Crockett's stories. Livability and Affordability Apart from the endless attractions, Morristown, Tennessee is a great place to live or visit because of its livability and affordability. The town offers a low cost of living, which makes settling in an easy decision. Homebuyers must note that Morristown is brimming with charming homes, apartments, and condos. Plus offers residents an excellent quality of life that includes lower taxes, great schools, friendly communities, and great job opportunities! Morristown, Tennessee is a charming town that has so much to offer. It's affordable, livable, and offers residents and visitors a great quality of life. You can go hiking and camping at Panther Creek State Park, explore the historic downtown area, or learn about the town's history at the numerous museums. Whether you're looking to settle in Morristown, Tennessee, or just planning a visit, there's something for everyone to enjoy. Come and visit Morristown to experience a community that dates back to the 1850s with a rich history, endless attractions, good schools, and quiet living. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

Nestling in the Great Smoky Mountains of East Tennessee is a charming town called Dandridge. This hidden gem has something to offer for everyone. Whether you're looking to settle down, rent a vacation home, or just visit for a weekend getaway. With its rich history, charming downtown area, and proximity to outdoor activities, Dandridge is a destination that you won't want to miss. Pristine Natural Beauty Without a doubt, Dandridge is situated in one of the most beautiful regions of the country. Also, it is surrounded by the picturesque Great Smoky Mountains National Park, Cherokee National Forest, Douglas Lake, and French Broad River. Providing hiking, fishing, boating, and camping on offer, there's no shortage of outdoor activities to enjoy. The town lies along the Tennessee River, providing plenty of opportunities for water-based activities too. Historic Charm What's more, history buffs will appreciate the downtown area of Dandridge. Being home to over 70 structures that date back to the 19th and early 20th centuries. Many of these have been restored and repurposed as shops, restaurants, and cafes. You can also visit the historic Dandridge Hotel, which has been welcoming visitors since 1801. Additionally, it is said to be haunted. For those interested in Civil War history, nearby sites like Fort Loudoun State Historic Park. The Battle of Mossy Creek Memorial offers plenty of insight as well. Real Estate Opportunities Furthermore, if you're interested in settling down in Dandridge, you'll find a variety of real estate options available. Having cozy cabins and cottages to sprawling estates with acres of land. This town holds something for every taste and budget. Many people fall in love with the area after a brief visit and want to stay. You can find beautiful brick homes near the lakefront, ranch homes, and quaint cottages with gardens. Dandridge offers a high quality of life, schools, and natural beauty that isn't found in many other communities. Close Proximity To Other Tennessee Attractions Additionally, one of the great things about living or visiting Dandridge is its proximity to other major attractions in Tennessee. Sevierville, Pigeon Forge, and Gatlinburg, are among the most popular tourist destinations. These towns are all just a short drive away. Finally, hit up Knoxville, which is a vibrant city, with great dining and entertainment options. Dandridge, TN, is a hidden gem that provides a unique combination of relaxation, outdoor fun, history, and entertainment. Whether you're a homebuyer, renter, or just planning a vacation, Dandridge offers plenty to see and experience. It's an ideal place to call home. Above all, if you want to escape the hustle and bustle of the city, visit us in Dandridge and see why we believe it is one of the most special spots in the state. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

Welcome to Bean Station, Tennessee, a quiet town in Grainger County.  It boasts friendly locals, beautiful scenery, and plenty of opportunities for outdoor activities. Whether you're looking for a new home or simply visiting as a tourist, there's so much to see and do here that you'll never be bored. In this blog post, we'll guide you through everything you need to know before you visit Bean Station. Housing Whether you're moving to Bean Station or just visiting, one of the first things you'll notice is the housing. It which makes it an excellent option for both home buyers and renters. You'll find a wide range of properties available, from cozy apartments to spacious family homes. Additionally, Bean Station is home to real estate agents that will be able to give you all the guidance you need when it comes to finding your dream home. Scenic Beauty One of the best things about Bean Station is that it's set amidst some of the most beautiful scenery in the country. Surrounded by the Appalachian Mountains, you'll be treated to stunning views everywhere you go. If you're a nature lover, you'll be in your element here. There is plenty of opportunities for hiking, fishing, and picnicking. Meanwhile, those who appreciate culture and history can visit places like the Museum of Appalachia. The museum showcases life in the region during the pioneer days. Warm Community With a population of just over 2,000 residents, Bean Station is a small community. It is a community full of warm and friendly people. You'll feel welcome from the moment you arrive, and everyone is always ready to lend a helping hand. Whether you're looking for a mechanic or the best barbecue in town, you'll find that someone will assist you. This welcoming attitude extends to visitors as well, so you'll never feel like an outsider. Food and Drink Southern hospitality extends to food in Bean Station, with plenty of delicious offerings to tantalize your taste buds. Be sure to try some of the local specialties like fried catfish, barbecue, and cornbread. You'll also find a range of international cuisines, from Mexican to Chinese. Regarding drinks, Tennessee is known for its whisky, and there are plenty of distilleries in the region, including in nearby Gatlinburg. You can either take a drive and explore the different options or check out the local breweries and local wine-tasting rooms. Bean Station, Tennessee, may be a small town, but it's full of character and charm. From the affordable housing to the stunning scenery, warm community, and delicious food. There's plenty to attract both tourists and new residents. If you're looking for a quiet, laidback lifestyle with easy access to nature and culture, choose Bean Station. Whether you're considering moving here or simply planning a visit, you'll find that it's a place that you'll fall in love with quickly. So, come and explore Bean Station, and discover all this wonderful town offers. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

Nestled in the eastern part of Tennessee lies the quaint city of Jefferson City. It may not be on the mainstream traveler's radar but is certainly worth a visit. For those looking to discover a quieter pace of life, rich culture, and breathtaking natural scenery, this charming city will not disappoint. In this blog, we take a closer look at what makes it unique and why it is a great destination for those looking to relocate, visit, or vacation. Join us as we explore the hidden gems of Jefferson City, Tennessee. A City with a Historic Past Jefferson City is steeped with history and boasts a rich cultural heritage. The famous Carson Newman University is one of the highlights of the city’s historical past, and its impact can still be seen today. Walking around the campus, one can envision the stories of past students and their academic journeys. It is also home to the Glenmore Mansion. It is a beautiful and well-preserved antebellum home that reflects the city's history. A Nature Lover’s Paradise Jefferson City's natural scenery is breathtaking, and nature enthusiasts will certainly find much to explore here. Cherokee Lake offers fishing, boating, and other water activities. Panther Creek State Park offers miles of hiking trails with stunning views of the mountains. The park also offers camping facilities, picnic areas, and birdwatching opportunities, making it a perfect family-friendly destination. A Growing Economy Jefferson City is not just a beautiful place to visit but is also a booming economy. The city has a thriving agriculture industry, with Jefferson City Farmers Market being a hub of locally grown produce. The city is also home to commercial and industrial areas that offer several employment opportunities. And as there is no local income tax, Jefferson City is an ideal location for businesses and residents. It is a perfect place to put down roots. A Charming Community In addition to the natural scenery and the thriving economy, Jefferson City’s close-knit community provides an added charm. The residents of Jefferson City are welcoming and friendly, making it easy for visitors and newcomers to feel at home. From community events to local concerts and shows, there are plenty of opportunities to get involved and start creating lasting connections. Jefferson City, Tennessee, is a hidden gem just waiting to be explored. Whether you are a home buyer, a renter, a customer, or a visitor, you will find something special here. With its rich cultural heritage, natural beauty, growing economy, and charming community, Jefferson City has it all. Don't miss out on exploring and discovering this beautiful city in all its glory. Come and be part of the gem that is Jefferson City. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

Altamira is a beautiful town that offers the perfect blend of rich history, awe-inspiring architecture, and stunning scenery. This town has something for everyone. Adventurers and nature lovers to history buffs and culture enthusiasts will all enjoy being there. Altamira is the go-to destination for those who want to enjoy the beauty and charm of small-town living. In this blog post, we’ll give you a glimpse of why it's a great place to call home. CHARMING HISTORY & TOWN CHARACTER Altamira has a captivating history that dates back to the early 1900s. Originally founded as a railroad town, Altamira played a significant role in the development of the railway system. Today, the town's old railroad depot, which is over a century old, has been converted into a museum. Visitors can explore the past and learn about the town's rich railroad history. Additionally, the town is full of historic buildings and landmarks that highlight the area’s enduring legacy. The character of Altamira is a great representation of the perfect small-town community. It has a close-knit and welcoming atmosphere. The town residents are friendly and diverse, with a strong sense of community spirit. It is reflected in the town’s various activities, festivals, and volunteer work. The town is perfect for many different types of life. BEAUTIFUL ARCHITECTURE The architecture in Altamira is a mix of old-world charm and modern-day influences. The historic buildings that line the streets downtown are a testament to the town's heritage. With their distinct features such as intricate brickwork, elegant columns, and ornate facades, these buildings transport visitors back in time. The newer homes and developments, on the other hand, are built with modern design features such as open floor plans. The homes in the town are some of the most beautiful in the state, with a large variety of styles and types available. ENTERTAINMENT Altamira is abundant with exciting attractions for visitors and residents alike. The town’s natural beauty is a sight to behold, with its rolling hills, lush forests, and cascading waterfalls. For nature lovers, go hiking in the nearby Great Smoky Mountains National Park. Also checking out the scenic views near Fontana is a must. The town is also home to a world-renowned fishing spot and several other outdoor recreational activities. TAKING IN THE VIEWS The scenery in Altamira is among the most breathtaking in the country, from the stunning sunsets and picturesque vistas to the crisp mountain air and wide-reaching views of the valley. With its small-town charm, the community celebrates its natural beauty with various events throughout the year, including a Spring Fling Festival, a Fourth of July Celebration, and a Christmas parade. Whether you're taking a leisurely stroll through the town or discovering the surrounding mountains, you'll discover a treasure trove of scenic beauty at every turn. In conclusion, Altamira is a charming, historic, picturesque, and welcoming small-town community with a bright future. Whether you're a visitor, resident, homebuyer, or renter, you'll find something to love about this town. Altamira offers the perfect blend of natural beauty, small-town charm, and modern amenities that make it an excellent place to live, work, and play. So why not explore the town for yourself and experience the rich history, awe-inspiring architecture, stunning scenery, and friendly community of Altamira, Tennessee? Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

Saddle Ridge is a growing community located in northeastern Tennessee. It is known for its scenic views, great attractions, and beautiful history. The town offers a wide range of options for individuals and families. From affordable housing options to job and education opportunities. In this blog post, we will dive deep into what living in Saddle Ridge, Tennessee is like. Learning, why you should consider this vibrant community as your next home. HOUSING OPTIONS Saddle Ridge's real estate market offers affordable housing options for renters and homebuyers. Additionally, different options for living, with a variety of prices. The town also has a wide range of properties. From newly constructed homes to picturesque old houses with lots of character. There are many apartments, townhouses, and single-family homes to fit your needs. Whichever option a buyer or renter chooses, Saddle Ridge offers a comfortable and affordable living environment. GREAT ATTRACTIONS Living in Saddle Ridge offers various attractions to keep residents entertained. The town has several well-maintained parks, including the Rock Island State Park and Burgess Falls State Park, famous for their calm waters and beautiful waterfalls. Residents can hike, swim, and take their dogs for a walk at these parks any day of the week. The town also has several restaurants and shopping areas downtown. EDUCATIONAL OPPORTUNITIES For students and families, Saddle Ridge offers excellent educational opportunities. The town has two public schools, and they both rank highly in the state of Tennessee. Saddle Ridge High School has received an A rating, and Saddle Ridge Middle School has received a B+ rating. Apart from these public schools, the town also has several private schools that offer quality education from pre-k to high school. JOB OPTIONS Saddle Ridge's economy is steadily growing, and job opportunities are becoming more abundant. The town has several industries, including healthcare, manufacturing, and retail, which provide ample employment opportunities. Additionally, residents who work outside the town can access the metropolitan areas of Nashville and Knoxville, which are just an hour's drive away. Living in Saddle Ridge, Tennessee, is like living in a small town with the amenities of a larger town. It provides affordable housing options, great attractions for families, an excellent education system, employment opportunities, and a safe and secure environment. Whether you're a homebuyer or a renter, Saddle Ridge, Tennessee, is a community you should consider when looking for a place to call home. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com  

At the heart of Tennessee lies Oak Ridge, a picturesque city popular for its rich history, lively community, and job opportunities. Whether you're a home buyer, renter, or visitor seeking adventure, Oak Ridge offers so much! It's stunning scenery, and welcoming ambiance makes it an ideal place to call home. In this blog, we will delve into what living in Oak Ridge, Tennessee is like. Let's dive in! EMPLOYMENT If you're looking to start or grow your career, Oak Ridge could be the place for you! The city is the core of a region known as the "Innovation Valley." It is a hotbed for cutting-edge technology firms, research institutions, and start-ups. Some of the major employers in the area include the U.S. Department of Energy and Oak Ridge National Laboratory. Apart from excellent job opportunities, Oak Ridge has affordable living costs, quality healthcare, and excellent education systems. THINGS TO KEEP BUSY Oak Ridge is home to an array of activities that will keep even the most adventurous person occupied. The city has everything from outdoor activities to educational attractions, museums, restaurants, and shopping. If you love the outdoors, Oak Ridge has over 16 parks, including the beautiful Melton Hill Lake and Haw Ridge Park. Fans of science can visit the American Museum of Science and Energy. Additionally, history buffs can explore the city's historic sites and museums. Some included are the Oak Ridge History Museum and the Y-12 History Center. You can also indulge in delicious meals at the city's several restaurants before browsing through the shopping boutiques. EXTRAORDINARY SCENERY Oak Ridge has some of the most breathtaking scenery in the country. The city is surrounded by magnificent mountain ranges and freshwater lakes, making it ideal for nature lovers. You can go fishing, kayaking, or swimming on the beautiful Melton Hill Lake. Also, take a drive through the iconic Dust to Dawn Drive. You'll also love the scenic hike at Haw Ridge Park. It offers several trails that meander through the woods and along the ridges. A LITTLE BIT OF HISTORY Oak Ridge has a rich and fascinating history. The city was founded in 1942 as part of the U.S. government's Manhattan Project during World War II. At the time, the federal government built a government-owned energy facility to produce enriched uranium that was used in the first atomic bomb. The city was a secret city until 1949, and up until then, it was populated solely by lab engineers and scientists. Today, Oak Ridge is a thriving community that cherishes its history and heritage. Living in Oak Ridge, Tennessee is a delightful experience. With its abundant job opportunities, endless activities, scenic beauty, and rich history, it's easy to see why people love to call it home. Whether you're looking to buy a home, rent, or visit, Oak Ridge is a city that caters to all. So, pack your bags, and make sure to stop by Oak Ridge, the city with a charming community, fascinating history, and endless adventures. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

Whether you're a first-time homebuyer or an experienced homeowner, purchasing a home is one of the most significant investments you can make in your life. With so many different options, selecting the perfect home can be a challenging process. However, by knowing what to look for, you can make an informed choice that will benefit you in the future. In this blog post, we'll discuss the ten most crucial factors to consider when buying a home. 1. Home Cost  Before you begin the process of looking for the perfect home, you'll need to know how much house you can afford. Your budget will be influenced by factors such as your income, expenses, down payment, and mortgage rates. You may want to seek the guidance of a financial advisor who will help you assess your financial situation to ensure that you can afford the cost of the home. 2. Home Location The physical location of a property is an important factor to consider when buying a home, and it's one of the significant determinants of your final decision. A convenient location will save you time and money on transportation, and it will also have other positive environmental, economic, and social benefits. Consider buying a home nearby areas that either suit your lifestyle or are near important amenities like schools, hospitals, and shopping. 3. Property Type The right home should cater to your living standards and choices. Determine the size of the property that is ideal for you, the number of rooms you want, the accessibility of the outdoor spaces, and more. Will you prefer a single-family home or a multi-family dwelling? Knowing what you want in a property can guide you in narrowing down your property options to find what you will need. 4. Neighborhood Before buying a home, learn about the nature of the area surrounding the property. What kind of people live there? Are there any excellent schools, parks, entertainment facilities, or restaurants nearby? Is the neighborhood safe and clean? The neighborhood should sync up with your lifestyle, preference, and standards. 5. Home Age and Condition Newer homes may come with better amenities and comfort, but older homes can bring some of the factors you might prefer. Deciding whether to purchase a new or old home will depend on many factors, such as the expected maintenance and renovation expenses you are willing to pay. You'll want to know the condition of your home before purchasing to mitigate any future expenses. 6. Property Ownership Property ownership is a crucial consideration. You'll want to know who is selling the property and why. Try to identify any potential legal issues, such as unpaid taxes or current lien, to avoid legal challenges once you purchase the home. A title search may be necessary for you to uncover prior property ownership challenges. 7. Property Resale Potential It's always worth considering the resale potential of a property, even if you don't plan on selling anytime soon. Think about how desirable your home will be in the future market to avoid getting stuck in a hard-to-sell house. Consult with a professional real estate agent to determine the market position of the property and any future resale potential. 8. Inspections and Appraisals Obtaining a home inspection and appraisal can be an excellent way of evaluating the current condition and market value of your potential investment. The home inspection should identify any fundamental issues before buying a home, while an appraisal can help determine the fair market value of the property. 9. Mortgage Options and Rates There are many options when it comes to a mortgage product. It's essential to know which options you need. Shop different lenders and evaluate your mortgage options depending on the best possible interest rate, upfront fees, and any hidden costs. 10. Homeowner Association If you're buying a home in a community that is under an association, you'll want to learn more about the requirements and expectations of the association. Things like fees, restrictions, and other regulations can make it easier or harder to live in your dream home than you think. Purchasing a home is a significant decision that requires careful consideration. Before making the final decision, it's essential to consider all the above factors to make the right choice. Remember to consult with professionals like real estate agents, lawyers, and financial advisors to ensure that your choice is informed and you make the right investment. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

Realtor.comA farmhouse built in 1700 on a 22-acre horse property in Flemington, NJ, is the oldest home on the market this week on Realtor.com®.Many period details remain in the three-bedroom home, including a walk-in fireplace, wide-plank floors, exposed-beam ceilings, and two staircases. A window seat, arched ceilings, and built-in cabinets can also be found throughout the comfortable dwelling.Other historic homes to hit the market this week include an affordable abode in Connecticut, a Virginia farmhouse where Thomas Jefferson is believed to have once dined, and a modernized Cape in Massachusetts.Scroll down for a full look at this week’s 10 oldest homes.1. 11 Pleasant Run Rd, Flemington, NJ Price: $725,000Year built: 1700The ultimate vintage house: Designed for equestrian lovers, this three-bedroom residence sits on 22 acres and comes with a horse barn.The bright kitchen has wide-plank flooring, an exposed-beam ceiling, and a built-in cabinet. The sunken dining room boasts a walk-in fireplace. There are two more fireplaces found on the main level. The bedrooms are all upstairs and spacious and feature wide-plank flooring.There’s a screened porch that spans the back of the house, and a tack room, tractor barn, and fenced paddock are included in the sale.But be forewarned: The listing states the home needs “a little TLC.”Flemington, NJRealtor.com———2. 55 Middle Rd, Brentwood, NHPrice: $710,000Year built: 1700The Henry Marshall Garrison: This three-bedroom charmer features many original details, including the hardware, fireplaces, and built-in cabinetry.The newly updated kitchen has a cathedral ceiling, exposed beams, stainless-steel appliances, and custom cabinets. The cozy living room has a wood-burning stove in the walk-in fireplace. The dining room features built-in cabinets, an exposed-beam ceiling, and hardwood flooring.Enjoy views from the screened porch or oversized deck. The 1-acre, wooded lot also has a finished barn with a garage and storage space.Brentwood, NHRealtor.com———3. 68 Upper Creek Rd, Delaware, NJPrice: $1,595,000Year built: 1700Pretty as a postcard: This enormous spread offers income potential or the opportunity for multigenerational living with five separate living spaces.The well-maintained main house boasts stone fireplaces, wide-plank flooring, and exposed-beam ceilings. The updated kitchen has a cathedral ceiling, custom cabinets, a spacious center island, and French doors that open to an oversized deck. Ten bedrooms and seven bathrooms can be found throughout the 6,442-square-foot property.The 30-acre lot also features a two-stall horse barn, expanded bank barn, and carriage barn.Delaware, NJRealtor.com———4. 87 Featherbed Ln, Hopewell, NJ Price: $899,000Year built: 1706Historic registry home: This building is listed on the National Register of Historic Places and features a stone section from 1706 and an addition made in the 1800s.The well-maintained home offers three bedrooms and many period highlights, including exposed stone walls, a Dutch front door, wood-beam ceilings, and restored hardwood floors. The bright, modern kitchen features stone countertops, a farmhouse sink, and a center island with a prep sink. The cozy living room has a large fireplace with a cooking pot and wood mantel.The almost 4-acre lot also features a pool, a gazebo, a two-bedroom guesthouse, and a building with a workshop and office.Hopewell, NJRealtor.com———5. 270 Main St, Hampton, CT Price: $380,000Year built: 1720Affordable and adorable: This three-bedroom residence boasts original wide-plank flooring, three fireplaces, exposed-beam ceilings, and many built-in cabinets.The 2,244-square-foot house features a family room with a cathedral ceiling and wood stove. The cute kitchen has been updated with stainless-steel appliances and a breakfast bar. The three bedrooms and one bathroom can be found upstairs.The property also comes with a workshop with electricity, heat, and a half-bathroom.Hampton, CTRealtor.com———6. 905 Main St, West Newbury, MA Price: $925,500Year built: 1724Elm Shadow Farm: This modernized, three-bedroom dwelling still features four fireplaces, pine floors, and oversized windows.The kitchen comes with high-end appliances, an oversized fireplace with a beehive oven, and a butler’s pantry. The family room is surrounded by windows and has an arched, exposed-beam ceiling and hardwood flooring. The primary suite comes with a working fireplace and a walk-in closet.The 1-acre lot includes a two-car garage with a home office above.West Newbury, MARealtor.com———7. 156 Windham Center Rd, Windham, CTPrice: $339,000Year built: 1736Cape Ann Colonial: This four-bedroom home features wide-plank hardwood floors, custom built-ins, and two fireplaces.The 2,628-square-foot dwelling offers an updated kitchen with many cabinets and stainless-steel appliances. A Dutch door opens to a back patio. The wood-paneled living room, study, family room, and dining room can also be found on the first floor. The spacious bedrooms are all located upstairs, and one even has a built-in office.Windham, CTRealtor.com———8. 557 and 559 Stoney Point Rd, Cumberland, VAPrice: $1,100,000Year built: 1737Dunleith Estate: Thomas Jefferson is believed to have once dined in this four-bedroom farmhouse, according to the listing.Historic highlights of the 4,358-square-foot home include pine floors, custom woodworking, exposed-beam ceilings, dormer windows, and several fireplaces. The updated kitchen features granite countertops, a farmhouse sink, stainless-steel appliances, and a spacious island with a cooktop.You can enjoy views of the 42-acre lot from the covered porch or back patio with a pergola.The property includes a two-bedroom cottage, a four-paddock barn, a tack room, and a regulation riding arena.Cumberland, VARealtor.com———9. 19 Church St, Stockbridge, MAPrice: $985,000Year built: 1739Melding old and new: This three-bedroom Cape is said to be the oldest inhabited house in Stockbridge. It has been thoughtfully modernized over the years.The 2,432-square-foot abode now offers an ultramodern kitchen with a cathedral ceiling and windows that overlook the private yard. Wood-paneled walls, numerous built-ins, and restored hardwood floors can be found throughout the home. The primary bedroom is on the first floor, and the remaining two bedrooms are found upstairs.There’s also a studio with heat and custom cabinetry, and the 1-acre lot leads out back to the Housatonic riverfront.Stockbridge, MARealtor.com———10. 3102 Fisher Rd, Lansdale, PAPrice: $1,450,000Year built: 1744Built by Peter Wentz: This well-maintained farmhouse features original hardwood floors, custom millwork, exposed-beam ceilings, and five fireplaces with mantels.The four-bedroom home spans 3,036 square feet of space. The cozy living room has built-ins and a stone fireplace. The family room has an original stone fireplace with a wood stove insert. The updated kitchen offers a walk-in fireplace, butcher block counter, modern appliances, and a coffee nook. The primary suite also comes with a fireplace.The screened porch features a vaulted ceiling and a pass-through to the kitchen.The 22-acre lot includes a 6,700-square-foot barn, several outbuildings, and a stocked pond.Lansdale, PARealtor.comThe post Built in 1700, a Farmhouse on 22 Acres in New Jersey Is This Week’s Oldest Home appeared first on Real Estate News & Insights | realtor.com®.

Realtor.com / Getty ImagesMortgage rates are poised to begin coming down.The U.S. Federal Reserve isn’t expected to announce another interest rate hike in the wake of the banking crisis, especially as the inflation the Fed has been fighting continues to slow. The change in policy could give mortgage interest rates some room to come down. (Mortgage rates are separate from the Fed’s short-term rates, but they have been following a similar upward trajectory.)Inflation was still up 4.9% year over year in April but dipped slightly from the previous month, when it was 5% year over year, according to the government’s consumer price index released on Wednesday. Decelerating inflation takes some of the pressure off of the Fed to keep raising rates. The Fed is also likely to avoid adding further strain on the banking industry, after several recent, high-profile bank failures.“It will prevent mortgage rates from climbing too much higher,” says Realtor.com® Chief Economist Danielle Hale of the Fed ending its rate increases. “I expect them to gradually come down.”She anticipates mortgage rates will stabilize over the short term and then begin dropping by the late summer and early fall. Rates could eventually return to the 5% and high 4% range. But those longing for the days of rock-bottom rates, such as when they fell below 3% during the COVID-19 pandemic, shouldn’t get their hopes up.Mortgage rates averaged 6.68% for 30-year fixed-rate loans on Tuesday afternoon, according to Mortgage News Daily.“We should expect to see mortgage rates decline as we move toward year end,” says David Stevens, CEO of Mountain Lake Consulting. The Moneta, VA-based consultancy focuses on the mortgage and real estate industries. “Rates will be closer to 5.5% by the end of this year.”The Catch-22 of the mortgage market is that for mortgage rates to really drop, the economy will have to take a hit. The Fed has been aiming for a “soft landing” in which it is able to bring down inflation without plunging the country into a recession. It’s a tricky landing for the Fed. If anything goes wrong or the bank failures continue, the Fed might have to cut its rates to stimulate the economy. That will likely lead mortgage rates to fall.Once rates drop below 6%, homeowners are expected to begin listing their homes for sale again, easing the housing shortage. Many haven’t wanted to trade up or down into new homes as doing so would require securing new mortgages with higher rates. Those homes will likely be snapped up quickly by eager buyers.In the meantime, stable and beginning-to-fall mortgage rates are good for the housing market.“It’s going to give buyers and sellers a chance to adapt to where mortgage rates are and factor it into their decision-making,” says Hale.The post Good News for Homebuyers: Mortgage Rates Are Poised To Fall appeared first on Real Estate News & Insights | realtor.com®.

Photo by Justin Sullivan / Getty ImagesHome prices fell in more parts of the U.S. than they have in over a decade during the first quarter, when nearly a third of metro areas posted annual price declines, the National Association of Realtors said Tuesday.During the peak of the housing boom, home prices surged in practically every corner of the U.S. Now, the housing market is split down the middle of the country, with prices still rising in many parts of the Midwest, South and Northeast while sliding in Western states.The hardest-hit housing markets were concentrated in California and the Mountain West. San Francisco posted a 14.5% median single-family existing-home sale-price decline compared with a year earlier, and San Jose median prices fell 13.7%. Pandemic boomtowns Austin, Texas, and Boise, Idaho, also posted price declines of more than 10%.Home sales have fallen nationwide over the past year because higher mortgage rates have weighed on home-buying demand and supply has been limited. The effect on home prices has been mixed, but the number of places where prices are falling has risen. Prices declined on an annual basis in 31% of the 221 metro areas tracked by NAR, the highest percentage in 11 years.“Generally speaking, home prices are lower in expensive markets and higher in affordable markets,” said Lawrence Yun, NAR’s chief economist. But given the inventory shortage, price declines could be short-lived, he said.Western markets that were already expensive or where prices climbed the most during the pandemic-driven housing boom are now the ones where prices are falling the fastest. In much of the rest of the U.S., limited inventory continues to drive prices higher.Nationwide, the median single-family existing-home sale price fell 0.2% in the first quarter from a year earlier to $371,200, the first year-over-year price decline since the first quarter of 2012, NAR said.First-time home buyers Kris Vierhaus and Travis Carter viewed a three-bedroom home in San Mateo, Calif., in December but thought it was overpriced. In February, when the house was still on the market, they put in an offer and bought it for about 4% under the listing price.“By the time we closed, it was confirmed that people were going to get asking [price] or below,” Ms. Vierhaus said. “The aggressive offers, or the fighting over things, was just not happening anymore.”Median prices rose by more than 10% from a year earlier in 7% of the 221 metro areas, a deceleration from the fourth quarter, when 18% of metro areas reported double-digit-percentage growth, NAR said.In the first quarter, the typical monthly mortgage payment for a single-family home rose to $1,859, a 33% increase from $1,397 a year earlier, NAR said.The Kingsport, Tenn., metro area posted the strongest median-price increase in the first quarter, up 18.9% from a year earlier, according to NAR. Following Kingsport was the Oshkosh, Wis., metro area, up 16.5%, and Warner Robins, Ga., up 16.2%.News Corp, owner of the Journal, also operates Realtor.com under license from NAR.The post Home Prices Fell in Third of the U.S. During First Quarter appeared first on Real Estate News & Insights | realtor.com®.

Getty Images / Realtor.comCountry music artist Jana Kramer is singing a new tune when it comes to her Franklin, TN, home.The talented singer has dropped her ask on the property to $2,497,000—a $102,000 reduction from its initial listing price earlier this year.Located about 30 minutes south of Nashville, the five-bedroom, 5.5-bath home has more than 5,100 square feet. The custom dwelling is practically new—just three years old. The lovely abode sits on a half-acre lot with a pool—a nearly mandatory amenity in the steamy South.Built in 2019Realtor.comLiving roomRealtor.comDining roomRealtor.comKitchenRealtor.comHome barRealtor.comThe home’s modern farmhouse style, popularized by designer Joanna Gaines, is on full display—from the wide-plank wood floors and sliding barn doors to the huge, overhead light fixtures and extra-large wall clock.Built-ins and smart storage abound in the living room, and a wall-sized wine rack stands out in the dining area.In the kitchen, there’s an oversized island with seating for four, an apron-front farmhouse sink, and a six-burner range with a griddle insert.The primary bedroom has a posh lounge area, and the adjacent bathroom features gorgeous stone and a sprawling, three-mirror vanity.A home gym (that’s larger than those found in most boutique hotels) offers room for equipment, weights, and yoga practice. A lovely covered patio has space for a dining table, and a swing for two is suspended from the ceiling.Primary bedroomRealtor.comMain bathroomRealtor.comHome gymRealtor.comCovered patioRealtor.comPool and yardRealtor.comKramer is best known for her years-long role on the TV series, “One Tree Hill,” though her singing career has been successful, too. She has recorded two albums and was named new female vocalist of the year by the Academy of Country Music in 2013.The post Country Singer Jana Kramer Lowers Price on Her Mod Farmhouse in Tennessee to $2.5M appeared first on Real Estate News & Insights | realtor.com®.