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Out-of-State Buyers Fuel Surge in Housing Costs, Shortages in Tennessee

Out-of-State Buyers Fuel Surge in Housing Costs, Shortages in Tennessee
House for sale in Knox County, Tennessee, on May 17, 2022. Laura LeRoy/The Epoch Times
Autumn Spredemann
Autumn Spredemann
5/19/2022|Updated: 5/26/2022
Housing woes continue to plague U.S. homebuyers this year after purchase prices and rents hit unprecedented levels in 2021.

Meanwhile, locals in Tennessee have found themselves between a rock and a hard place because of inflated prices resulting from people moving in from other states. Many out-of-state buyers arrive from areas with more expensive housing markets and living costs and have driven up the cost of housing across the board in the Volunteer State.

Autumn Spredemann
Autumn Spredemann
Author
Autumn is a South America-based reporter covering primarily Latin American issues for The Epoch Times.
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Related Topics
inflation
Affordable Housing
housing crisis
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