Tennessee
Real estate outlook for 2025: What Tennessee homebuyers can expect
Homebuyers hold out for interest rate relief
For the first time in six weeks, mortgage rates are leveling off.
Fox – Seattle
After a year of high interest rates, many homeowners and homebuyers are wondering what the market will look like in 2025.
Realtor.com, one of the top real estate listing websites in the United States, released its predictions for how the housing market will look in 2025.
It doesn’t look like mortgage rates will return to the pre-pandemic 4% average any time soon. Thus, it is possible we will see similar trends to 2024 in a lack of homes for sale and home buyers, but that’s not what the organization is predicting for Tennessee and most of the South.
Here’s what Tennesseans can expect in 2025 from the real estate market.
Are housing prices in 2025 expected to increase or decrease?
The organization is predicting that home prices will grow about 3.7% in 2025 as they are predicting mortgage rates to be slightly lower than in 2024 with an average monthly rate of 6.3%.
“Mortgage rates are expected to keep mortgage payments essentially unchanged in 2025 despite continued home price growth,” the analysis wrote.
It’s likely that home sellers will still have the advantage over home buyers in 2025 with limited inventory and strong demands in high traffic areas. However, high interest rates could lead to fewer buyers being able to afford homes.
Buyers should expect a less competitive market than in past years, but it will be one that is still costly from high mortgage rates and home prices.
Will there be more homes sold in 2025 than in 2024?
Homeownership rate is expected to drop by 0.3% between 2024 and 2025 from 65.6% to 65.3%. Despite this, existing home sales are expected to increase 1.5% to 4.07 million. The inventory of existing homes for sale is also expected to be 11.7% higher in 2025 than in 2024.
Much of home buying and selling depends on mortgage rates as seen in September 2024. During this time, mortgage rates dropped to 6.08%. The following month brought the largest number of active homes for sale in the U.S. housing market since December 2019, according to Realtor.com.
What will the Tennessee housing market look like in 2025?
Realtor.com broke its predictions down into metro areas. In last year’s analysis for Tennessee, there were losses in sales growth from 2023 to 2024, but for the 2025 year-over-year stats, there were only increases in sales price. Similarly, price growth is on the rise across the state’s metropolitan areas with a minimum increase of 6.3%.
| Metro | 2025 Sales Growth y/y | 2025 Price Growth y/y |
| Chattanooga | 2.2% | 6.3% |
| Knoxville | 3.7% | 8.3% |
| Memphis | 8.3% | 10.5% |
| Nashville | 4.5% | 8.3% |
What will the rental market look like in 2025?
New multifamily units are being built at an increased rate which pushed the rental vacancy up to 6.9% in 2024, but this doesn’t mean prices on rentals will come down either. The median asking rent in 2025 is expected to be 0.1% lower than in 2024, indicating that affordability will continue to be a challenge for many.
The organization is predicting the South’s lower-cost housing will continue to attract people in 2025 with the lack of change in rental prices. It is predicted the South will continue to see a 1.5% growth in rental stocks, the highest of any regional market.
What are the predictions for first-time homebuyers in 2025?
Unfortunately for first time home buyers, 2025 may not be your year as mortgage rates are not expected to change much next year. In 2024, there was an average mortgage rate of 6.7% for the year, and Realtor.com is predicting a 6.3% average rate in 2025.
In 2024, first-time homebuyers were a record low share of homebuyers, facing high costs for buying relative to renting, historically high home equity among repeat buyers, and a pickup in investor market share.
As the homeownership rate is expected to drop a little, it may not be the year to buy a first home for many.
Tennessee
Former Florida Gators HC Hires Tennessee Football Assistant for Much Bigger Role
The Tennessee Volunteers have a lot going on in their world of college football, as they are battling many different things. They just finished the regular season around a month ago, and they are now awaiting their game against the Illinois Fighting Illini inside the state of Tennessee.
This is a game that has been viewed as one of the more interesting bowl games, as the Vols will be playing this game inside Nissan Stadium (the Tennessee Titans’ current stadium). This stadium is the same stadium the Vols played against the Virginia Cavaliers in two seasons ago, in Joe Milton and the Vols’ season debut following Hendon Hooker’s departure.
The Vols also had to replace their defensive coordinator (Tim Banks). This is when they made the announcement that they will be adding Jim Knowles to the defensive staff. He is the national championship-winning DC with the Ohio State Buckeyes last season, but spent this season with the Penn State Nittany Lions. The Vols will be using William Inge as their defensive coordinator.
There have been multiple coaching changes that they have also had to battle, but the most recent challenge that they have faced is on Tuesday, and it is another coaching change challenge. One of the Vols’ best assistants is on his way to another school after being poached by a former Florida Gators head football coach who is also at a new job.
The Vols are losing an assistant offensive line coach. That coach is Phil Serchia, who has spent time with the Vols and has also spent some time in the NFL being with the Chargers. He is taking on a much bigger role, as the announcement was made by Matt Zenitz.
Phil Serchia Accepts a New Job
“James Madison is hiring Tennessee assistant offensive line coach Phil Serchia as tight ends coach, a source tells @CBSSports. Before Tennessee, spent two seasons working in the NFL as an offensive assistant with the Chargers,” Zenitz reported through his personal X account.
James Madison is now under the authority of new head football coach Billy Napier, who started this season as the head football coach for the Florida Gators, but will be the Dukes’ new head coach. Napier is a rival of the Vols, but game respects game, as he is having to make some moves for a staff, and adding Serchia is a huge addition for the former Gators coach.
More Vols News
Tennessee
Tennessee Fraternal Order of Police says Metro officer acted lawfully when stopping THP trooper
NASHVILLE, Tenn. (WKRN) — A routine traffic stop in Nashville became a test of authority after a Metro police officer attempted to pull over a vehicle driven by a Tennessee Highway Patrol trooper.
Newly released body camera video shows the Metro officer initiating the stop after clocking a black SUV traveling 85 miles per hour in a 55 miles per hour zone. Police records indicate the officer followed the vehicle for several miles before it came to a stop.
When the driver exited the SUV, he identified himself as a state trooper. The exchange that followed quickly escalated with both officers asserting authority and disrupting the circumstances of the stop.
The Metro police officer demanded identification and told the trooper he was not free to leave. The trooper responded that he was “the police” and suggested they were preparing to move on.
The trooper later said he had blue lights activated, indicating they were responding to other business.
The Tennessee Fraternal Order of Police said that flashing blue lights alone do not override a lawful traffic stop.
“He was doing his job,” Tennessee Fraternal Order of Police President Scottie Delashmit said. “The officer was trying to ensure there was no threat to the public.”
The incident drew heightened attention after it was confirmed that Tennessee House Speaker Cameron Sexton was a passenger in the vehicle at the time of the stop.
In a statement to News 2, Sexton criticized the Metro police officer’s conduct, describing it as overzealous and unsafe. He said he does not believe the state trooper violated traffic laws.
“Any vehicle traveling above a posted speed limit should have emergency lights and sirens operating under Tennessee state law,” DeLashmit said. “Otherwise, you are to adhere to the same traffic laws anyone else does.”
Delashmit said incidents like this highlight the need for clear communication and de-escalation, particularly when multiple law enforcement agencies are involved.
⏩ Read today’s top stories on wkrn.com
“This is an unfortunate situation that could have been avoided if there had been clearer communication and immediate compliance,” he said.
Following the incident, the Metro Nashville Police Department opened an internal investigation after concerns were raised by the House Speaker’s chief of staff. The review examined whether the Metro police officer violated department policy.
According to MNPD records, the traffic stop was lawful, and the officer acted within policy. Allegations of misconduct were either exonerated or found to be unfounded.
Tennessee
Construction-related closures suspended for nearly 3 million holiday travelers in TN
NASHVILLE, Tenn. (WSMV) – The Tennessee Department of Transportation has announced the suspension of construction-related closures during the holiday travel period.
TDOT says road construction won’t delay travelers for the Christmas and New Year’s holidays.
All lane closure activity on interstates and state highways will be halted as higher traffic volumes are expected statewide.
Survey: Increased costs impacting holiday travel
“No temporary lane closures will be allowed for construction on Tennessee roadways beginning at 11:59 p.m. Tuesday, December 23, 2025, through 11:59 p.m. on Friday, January 2, 2026,” TDOT said.
The state estimates that 2.8 million Tennesseans will be traveling throughout the holidays.
“Safety is our top priority, and with so many people expected to travel Tennessee roadways during the holidays, we want to keep traffic moving and get everyone to their destinations,” said TDOT Commissioner Will Reid, P.E. ““As always, please wear your seatbelt, reduce your speed, avoid distractions, and move over for emergency vehicles as our HELP Truck drivers will be on patrol.”
Copyright 2025 WSMV. All rights reserved.
-
Iowa1 week agoAddy Brown motivated to step up in Audi Crooks’ absence vs. UNI
-
Maine1 week agoElementary-aged student killed in school bus crash in southern Maine
-
Maryland1 week agoFrigid temperatures to start the week in Maryland
-
New Mexico7 days agoFamily clarifies why they believe missing New Mexico man is dead
-
South Dakota1 week agoNature: Snow in South Dakota
-
Detroit, MI1 week ago‘Love being a pedo’: Metro Detroit doctor, attorney, therapist accused in web of child porn chats
-
Health1 week ago‘Aggressive’ new flu variant sweeps globe as doctors warn of severe symptoms
-
Maine7 days agoFamily in Maine host food pantry for deer | Hand Off