down market: It's Okay to Pull the Trigger
- 03/06/09 11:16 AM
Well, here we are in a down market in Middle TN. It's the first one I've seen in my 15+ years of residency. The fact that our region never saw through-the-roof prices is what has saved us from plummeting to the depths that other areas of the U.S. are experiencing. Home values have come down perhaps 10-20%, depending on the locality. I've always regarded Real Estate as a long-term investment...like the stock market. Since I've been in the Real Estate game I've seen people buy a home at market value, only to sell it 2 years later. Even in Middle Tennessee's … (0 comments)
Well, here we are in a down market in Middle TN. It's the first one I've seen in my 15+ years of residency. The fact that our region never saw through-the-roof prices is what has saved us from plummeting to the depths that other areas of the U.S. are experiencing. Home values have come down perhaps 10-20%, depending on the locality.
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