Home Prices on the Rise in Tennessee

Jun 14, 2017 at 02:36 pm by bryan


A new economic report shows housing prices are increasing across the state and rising higher than the rest of the U.S.

A report released by the Middle Tennessee State University Business and Economic Research Center shows the cost of buying a home went up in the last year in every area of the state tracked, with the Nashville-Murfreesboro-Franklin MSA seeing the most dramatic increase. The report says housing prices rose more than 10 percent in here in the last year.

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But it also showed that the cost of buying a home in the Clarksville and Knoxville areas rose more than 5 percent during that same time period.

The report also found home price increases in areas in and around Chattanooga, Cleveland, Jackson, Johnson City, Kingsport-Bristol, Memphis and Morristown.

SOURCE: WMSR

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