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Nationwide, the housing market is subject to regular fluctuation, but demand here in Tennessee has continued to increase year-over-year. According to the Tennessee Housing Development Agency, 2018 marked the seventh straight year of growth, with total Tennessee home sales reaching 107,560 – the most homes sold in a year since THDA began tracking the data.
People purchase homes for a variety of unique and personal reasons. Here are the top 10 reported reasons people begin searching for a new home according to The Profile of Home Buyers and Sellers, an annual survey of recent home buyers and sellers.
1. Desire to own a home (30%)
2. Desire for a larger home (11%)
3. Job relocation (9%)
4. Change in family situation (8%)
5. Affordability (7%)
6. Desire to be closer to friends and family (6%)
7. Desire to live in a better area (6%)
8. Retirement (4%)
9. Desire for a smaller home (4%)
10. Desire to be closer to job, school, transit, etc. (4%)
No matter what your reasons are for buying or selling a home, Blue Ridge Properties' realtors and real estate agents can help. Find an agent here!