Tag Archives: Housing Market

The Upper Cumberland housing market has slowed down due to realistic interest rates and decreasing inventory. Libby Capps is the Upper Cumberland Association of Realtors Board President. She said interest rates are returning back to a normal range of five to seven percent versus three percent. “We just have a very low inventory,” Capps said. “Builders can’t keep up with ... Read More »

Upper Cumberland realtors say the biggest thing affecting the housing market right now is a lack of inventory. Realtor Darren Wilson said that the influx of people moving to Cookeville and almost 300 homes destroyed by the 2020 tornado have contributed to the issue. “And so the builders are having a hard time not only getting caught up with the ... Read More »

The average price of a sold home in Putnam County has increased by about $80,000 since 2019. Upper Cumberland Realtors Association President Kathy Dunn said that makes the current average $287,000. Dunn said these numbers indicate a very strong housing market. “This is not a bubble this time,” Dunn said. “When the proverbial bubble burst back in 2008, we had ... Read More »