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What Will Be The Increase In Home Prices In 2022? An Examination Of The Knoxville Real Estate Market

Increased prices, little inventory, and quick turnarounds are expected to continue to drive the market in the future, according to real estate experts. In order to increase competition, numerous homes are selling within hours after being posted on the market. According to the National Association of Realtors, 10 “hidden gem” real estate markets in the …

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The Mayor Of Knoxville Recommends A $15 Minimum Wage For City Employees As Well As A 6% Rise Across The Board

Indya Kincannon, the mayor of Knoxville, stated on Friday that she will include proposals for greater pay for city employees, including a $15 minimum wage and a 6% rise across the board. However, the city has yet to decide how it would pay for it. She made the announcement as snow flurries fell outside the …

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R. J. Corman Railroad Company Announces Acquisition And Establishment Of Railroad In Knoxville

The Knoxville and Cumberland Gap Railroad, LLC was formed after R. J. Corman Railroad Company purchased two railroad branches from Norfolk Southern Corporation (NYSE: NSC) (KXCG). Two branches make up the newly founded KXCG. The first is a 59-mile branch that connects Clinton, Tennessee, and Clairfield, Tennessee. Second, a 72-mile branch runs between Beverly, Tennessee, …

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Inflation Expectations In 2022: The City Of Knoxville’s $18 Million General Obligation (Go) Bonds, Series 2021b, Have Been Rated ‘aaa’ By Fitch

The bond profits will be utilized to support municipal capital projects. The bonds are slated to sell on March 9th. Fitch has also confirmed the following ratings for Knoxville: —IDR ‘AAA’; —About $176 million in AAA GO bonds. Stable Rating Outlook SECURITY The bonds are guaranteed by the city’s full faith and credit and limitless …

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In 2022, Local Homebuilding Will Be Fueled By Low Inventory And High Demand

Throughout 2022, the local homebuilding business should be driven by low inventory and robust demand. Homebuilding will continue to be a strong economic sector, but it will suffer hurdles as a result of the COVID-19 epidemic. Over the last two years, the greater Knoxville area has seen record housing levels. Housing demand in our area …

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Have Knoxville Gas Prices Reached An All-Time High As National Prices Smash Records?

Many people are asking how long this increase will last and when prices at the pump will eventually go down after the national average for a standard gallon of gas broke the all-time high on Tuesday. According to AAA, rates in Knoxville averaged $4.17 on Friday. The price has increased by 53 cents in the …

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