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Knoxville Breaking News, Weather, Traffic, Sports | WBIR.com
Economy
Report: Home affordability may improve due to a lack of rising mortgage rates in 2024
Economy
Knoxville area home prices may decelerate in 2024, while two-thirds of residents can't afford a home
The report also said Knoxville's apartment occupancy rate stayed among the highest in the country in 2023 and is expected to stay around the same in 2024.
Economy
Knoxville area home prices may decelerate in 2024, while two-thirds of residents can't afford a home
The report also said Knoxville's apartment occupancy rate stayed among the highest in the country in 2023 and is expected to stay around the same in 2024.
Economy
Knoxville business owners speak out after report names TN second in nation for Black entrepreneurs
Knoxville business owners are surprised Tennessee is ranked second in the country for Black entrepreneurs but say Black businesses are growing in the area.
Nation World
Federal Reserve signals that interest rate cuts aren't imminent and leaves them unchanged for now
The central bank kept its key rate unchanged at about 5.4%, a 22-year high.
Nation World
US economy's strong growth surprises economists
The latest data marked the sixth straight quarter in which GDP has grown at an annual pace of 2% or more.
Nation World
Americans' economic outlook brightens as inflation slows and wages outpace prices
Across the nation, paychecks have outpaced inflation over the past year, thereby easing Americans' adjustment to a higher cost of living.
Economy
'Don't know why I'm struggling' | Austin mom says she can no longer afford to live in her tiny home
The high cost of housing in Austin is making it harder for many people to make ends meet.
Local News
Ahead of Jan. 10 Advance Knox meeting, Knox Co. Mayor pushes for changes to land use policies
Knox County Mayor Glenn Jacobs warned that if the area got too unaffordable, taxes would rise and residents would need to move away.
Economy
Report: Only around 10.7% of homes available in Knoxville are affordable for median-income families
The East Tennessee Realtors group also said the median home sales price in the area was $346,000 in November 2023, up by around 10.8% from the previous year.
Economy
Knox Co. leaders hold ceremonial contract signing for training school designed to attract construction workers
The Skilled Trades Academy and Regional Training Center will be similar to a school in Nashville.
Economy
Democrats propose new bills aiming to prevent hedge funds from buying homes
Lawmakers in Congress are trying to solve the housing crisis and are proposing a new fix. Democrats are behind both bills targeting hedge funds.
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