Gloom and Doom!
That is what the American Media wants you to believe. Let's let the facts speak for themselves. Below is a graph that shows our market in Montgomery Co. TN. Not only the good times but the bad, the highs and lows, the normal business cycle, the great growth in 2005 and how it is today, June 07 was our best month ever!
Don't believe the Nay Sayers. Real Estate is good in Clarksville. Even in our lowest point in our current market is still better than the mean in past years.
With our average sales price now up to $161,000, a major deployment on the horizon for our military base the averages will maintain value if not continue to rise, but the seller incentives will rise. Sellers have traditionaly paid 3% of sales price in closing cost for our buyers giving home buyers excellent opportunities.
Investors also take advantage of the tradition in buying single family investment homes. www.ofheo.gov list Tennessee as 11th in appreciation and Clarksville-Hopkinsville MSA with an average of 7.46% appreciation rate as of the 2nd Quarter Report dated 30 June 2007.
Even our economic variables "local and national" for our regression analysis used to forecast our market through the Month of December 2007 show we are still in a acending market (green, yellow and red dots).
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