Hot housing market means trouble for East Tennessee renters

in Real Estate

KNOXVILLE, Tenn. (WVLT) – The Knoxville housing market is leaving many renters feeling left out of the picture.

With the influx of people moving to East Tennessee during the pandemic and the price of lumber skyrocketing, home prices in Knoxville and East Tennessee have soared.

What’s called a seller’s market, many homeowners are selling their properties to try and make money off the bloated prices.

While this is happening the number of homes is still low.

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