Feb 10 2009
The Housing Market in Knoxville, Tennessee
I have lived in Tennessee for almost a year now. This is my third stint here and each time, it has been with a different economy. Over the time that I have been here this round, I have been solely involved in the Real Estate Market. My position in the market is as a mortgage loan officer.
With that being said, I have kept a close eye on the market for this area as I do on markets all around the south east. I have to if I want to stay competative with other lenders. As the market is getting ready for the spring season, I am noticing homes appear on the selling market more than normal. I think that this is caused partially due to a lot of homes that were taken off the market during the colder months.
That said, I really think that people need to assess why they are selling their home. If it is to get from under the debt, then you need to get it done as quick as you can. If it is just because you want to move, maybe the time is not right and you should consider waiting to list that home. All in all, with a down market, properties are not going to fly off the inventory shelve as they would in a seller’s market. The times favor the buyer at this point and time.
