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Johnnie Creel & The Creel Group

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TN Economy Looking More ‘Robust’

According to the University of Tennessee’s Center for Business and Economic Research, Tennessee’s economy is looking to be more ‘robust’ as 2014 comes to a close. See below for the excerpt from the Knoxville Chamber Economic Development newsletter:

The University of Tennessee recently reported that the state saw positive trends for job growth and personal income, while unemployment continued to decrease. Thanks to these gains, there is a positive ring to this fall’s Tennessee Business and Economic Outlook report prepared by the Center for Business and Economic Research at the University of Tennessee, Knoxville. “Tennessee’s economic outlook is very similar to the national outlook, with moderate to strong growth expected for the second half of the year and a continuation of growth through 2015,” said Matt Murray, associate director of CBER, who directed the report.’

This positive change in the economy also means that right now is the opportune time to buy or sell a home, with mortgage rates still low. While positive economic change is overall a good development, it can have an effect on mortgage rates. Getting prequalified now can help you lock in the best rate, if you are buying. If you are selling, now is a good time to list, because inventory is historically lower in the fall and winter months.

Click here for a full copy of the Fall 2014 Tennessee Business and Economic Outlook.

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