2020 Forecast Shows Continued Home Price Appreciation for Knoxville

Questions continue to rise around where home prices will head in 2020.  If you live in my town of Knoxville, Tennessee, I can assure you that home prices will continue to provide an ROI, as long as you've kept up your end of homeownership, i.e., paying your bills on time and maintaining your homes integrity. The latest forecast from CoreLogic shows continued appreciation at 5.4% over the next year:

Additionally, ARCH Mortgage Insurance Company in their current Housing and Mortgage Market Review revealed their latest ARCH Risk Index, which estimates the probability of home prices being lower in two years. Based on the most recent results, 32 of the 50 U.S. states (plus D.C.) had a minimal probability of lowering by 2021. Tennessee is one of those states and since Knoxville is one of Tennessee's 3 major cities, we're looking good. The dark blue states in the image below are the states looking strong in 2020. Tennessee is in there. 

Bottom Line

Experts forecast home price appreciation to continue at a moderate rate as we move through 2020 and beyond. With appreciation growing, let’s get together and plan for your next move. If you're thinking of selling, let's schedule a time to sit down and talk about it. My goal is to provide you with the answers and information you need to make the right decision for you and your family. Download a free selling guide by clicking HERE.