Planning Commission Streamlines Subdivision Plat Approvals
Certain minor subdivision plats can now move forward in Cookeville without requiring a formal Planning Commission hearing. Community Development Director Jon Ward said the change aligns local regulations with Tennessee state law to speed up the development process for smaller projects. Ward said the amendment specifically applies to plats involving no more than 25 lots […]
Upper Cumberland Housing Market Slowing Down As Inventory Decreases
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. […]
UC Realty Market Most Affected By Lack Of Inventory
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 […]
UC Realtors Association Indicating Strong Housing Market
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 […]
