Not surprisingly it looks like the real estate transfers in Knoxville and Farragut Tennessee were down a bit this past week.
I counted 135 with the usual high numbers in the lower price ranges as it’s been all of 2009
I’m very excited for 2010 to begin (which is will in only 4 more days) and see what a new year holds for us.
On one hand interest rates remain very, very low which makes buying attractive. But on the other hand unemployment remains higher than usual in Tennessee although we’re faring better than many other areas.
I believe I’m predicting a modest improvement in the volume of sales with prices still stagnant to downward. A good time to buy if you’re thinking about that. For sellers you have to price your houses competitively and be prepared to deal if you want to sell, you’re facing a lot of competition out there.