The Weekly Poll: Has the Knoxille real estate market hit bottom?
The weekly poll thinks it sees a light at the end of the tunnel. Go help it look.
This week’s topic is once again about the Knoxville housing market, but this week I’m curious whether you think our market has hit bottom. The July Home Sales Report numbers just came out, and, as Josh Flory pointed out, while sales aren’t back to where they were before the bubble burst, they’re certainly improving and have been getting steadily “less bad” all year.
So what do you think? Do you think our real estate market has hit bottom? Are we finally starting to come up from the deep depths of a bad economy? Or do we have a ways to go before things finally start getting back to normal? Cast your vote and let me know.
Whether the Knoxville real estate market is up or down, it’s always easy to get the latest news on it – just sign up to receive regular updates from All Around KTown in a feed reader or by email today!
Author: Suzy
Hard working Knoxville real estate agent by day. Intrepid Knoxville real estate blogger by night.
I think that light people see at the end of the proverbial tunnel is either wishful thinking or the train entering the tunnel from the other end.
Our Knoxville market actually didn’t fall very far pricewise compared to other areas but the bottom has certainly dropped out of our volume compared to past years.
2010 might be the year for a rebound but it also might take until 2011 or so.
Consumer confidence is low now combined with high unemployment.