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Your Resource for Norris Lake Property & Norris Lake Real Estate

Norris Lake Real Estate is one of the largest markets for lake front home sales in east Tennessee.  Living on Norris Lake holds a special place in our lives, and working with lakefront clients is what we enjoy most. View Water Front Property.com includes information about Norris Lake serving all of the Norris Lake counties and Norris Lake communities.  Allow us to help you find your lake home. Looking for a Norris Lake Front homes or lots for sale? Search everything that the MLS has to offer.

Please use my website to search for Your Home or Property on Norris Lake or any of the other lake in east Tennessee. Click the Lake Front Homes Tab and all the lake front homes on the MLS will come up. Some of the subdivisions that we service include :Cove Norris, The Willows at Twin Cove, Big Creek, Hiawassee, Norris Crest, The Point at Shanghai, Deerfield, Cove Point, Norris Point, Flat Hollow, Sunset Bay, Hickory Pointe, Norris Shores, Lone Mountain.

Looking for a Norris Lake home? Use Quick Search or Map Search to browse an up-to-date database list of all available properties on Norris Lake, or use the Dream Home Finder form and I'll conduct a personalized search for you.

This site is updated daily with  lakefront listing in East Tennessee. Whether you're searching for a Lake House, Condo or Land, you will find all the tools and information you need on the site. We help buyers find primary, vacation, and retirement homes on all the lakes in east TN. There are numerous marinas surrounding Norris Lake that offer jet ski,party boat, pontoon and fishing boat rentals. There are many campgrounds and other lodging in the area providing beautiful mountain and lake views. You could spend a lifetime exploring all the lakes in East Tennessee. Lake living is simply the best. Lake front properties are affordable and we are your lake experts since we live, work and play on the lake.

 

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Norris Lake Dream Home Finder

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Blog

Fireflies in East Tennessee

This an amazing thing to see. About this article Great Smoky Mountains National Park announces synchronous firefly viewing dates Each year in late May or early June, thousands of visitors gather near Elkmont Campground to watch the naturally occurrin... Read more
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Real Estate News

Latest Realty News from NAR

In Which States Did Properties Sell Quickly in September 2018?

In a monthly survey of REALTORS®, respondents reported that properties were typically on the market for 32 days (34 days on year ago), according to the  September 2018 REALTORS® Confidence Index Survey.[1]  However, the difference in median days in the current month compared to the same month last year has started to narrow as homebuying demand has eased and the inventory of homes for sale has slightly increased. In January and February of this year, properties were selling about one week less compared to the length of time in the same period one year ago.

During the July–September 2018, properties typically sold within one month in 27 states (32 states in August 2018).  Properties sold most quickly in South Dakota (20 days), Idaho (21), Washington (21 days), Rhode Island (21 days), Indianapolis (22 days), Kansas (23), Massachusetts (23), Ohio (23), Utah (23), Colorado (24), Nevada (24), Nebraska (24), Maine (24), and Michigan (24).  

That properties are still selling faster compared to one year ago is an indication that the supply of homes for sale is still inadequate compared to the demand for homes. Based on the REALTORS® Seller Traffic Index[2], home selling conditions were “weak” during July, August, and September 2018 compared to one year ago in the District of Columbia and in 28 states including California, Oregon, Colorado, New York, New Jersey, Massachusetts, Virginia, North Carolina, South Carolina, Georgia, Tennessee, and Florida.

 


[1] In generating the median days on market at the state level, NAR uses data for the last three surveys to have close to 30 observations. Small states such as AK, ND, SD, MT, VT, WY, WV, DE, and D.C., may have fewer than 30 observations.

[2] An index greater than 50 means that more respondents reported conditions relative to one year ago as “strong” than those that reported “weak.” Due to sampling, we categorize the index as “very weak” for 0 to 25; “weak” for values 25+ to 45; “stable” for values 45+ to 55; “strong” for values 55+ to 75; and “very strong” for values 75+.

September 2018 Housing Affordability Index

At the national level, housing affordability is up from last month but down from a year ago. Mortgage rates rose to 4.77 percent this September, up 14.9 percent compared to 4.15 percent a year ago.

  • Housing affordability declined from a year ago in September moving the index down 8.4 percent from 160.1 to 146.7. The median sales price for a single family home sold in September in the US was $260,500 up 4.6 percent from a year ago.
  • Nationally, mortgage rates were up 62 basis point from one year ago (one percentage point equals 100 basis points).

  • The payment as a percentage of income was down to 17 percent this September but up from 15.6 percent from a year ago. Regionally, the West has the highest payment at 23.7 percent of income. The South had the second highest payment at 16.5 percent followed by the Northeast at 16.4 percent. The Midwest had the lowest payment as a percentage of income at 13.5 percent.

  • Regionally, the West recorded the biggest increase in home prices at 7.0 percent. The Northeast had an increase of 5.3 percent while the South had a gain of 4.2 percent. The Midwest had the smallest growth in price of 2.2 percent.
  • Regionally, all four regions saw a decline in affordability from a year ago. The Northeast had the biggest drop in affordability of 9.0 percent. The South had a decline of 7.3 percent followed by the West that fell 6.8 percent. The Midwest had the smallest drop of 5.8 percent.
  • On a monthly basis, affordability is up from last month in all of the four regions. The Northeast had biggest gain of 5.5 percent. The Midwest had an incline of 4.2 percent followed by the South with an increase of 2.3 percent. The West had the smallest gain in affordability of 1.9 percent.
  • Despite month-to-month changes, the most affordable region was the Midwest, with an index value of 185.3. The least affordable region remained the West where the index was 105.4. For comparison, the index was 151.4 in the South, and 152.3 in the Northeast.

  • Mortgage applications are currently down. Mortgage rates are rising and home price growth is starting to slow down. Despite higher mortgage rates, lower home prices and increases inventory levels will help renters and potential home buyers enter the housing market. Home prices are up 4.6 percent outpacing median family incomes that are growing 3.1 percent.
  • What does housing affordability look like in your market? View the full data release here.
  • The Housing Affordability Index calculation assumes a 20 percent down payment and a 25 percent qualifying ratio (principal and interest payment to income). See further details on the methodology and assumptions behind the calculation here.

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Contact Us

 I would be glad to help you look for the perfect property. If you would like to contact me by phone my cell number is 865-206-2820. Want us to do the work for you? Let us know what type of property you are looking for and the area or lake you prefer. Steve and I are very familiar with the properties on the lakes in East Tennessee. We have lived here for over 20 years. 

 If you do decide to work with us, we would be glad to pay up to $300 for your home inspection. We will reimburse you at closing. 

Thank you

Kimberly CargillWax







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Kimberly & Steve Wax
Cell: 865-206-2820
Office: 865-777-9191

KimberlyWax@msn.com

Gables & Gates, REALTORS®
11800 Kingston Pike
Knoxville, TN 37934

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