The Weekly Poll: How worried are you about the Knoxville real estate market?
photo credit: Silly Little Man
The weekly poll is kind of concerned about last week’s housing news. Go vote and try to calm it down.
This week’s poll topic has to do with all the (not so great) news that came out last week about national and local home sales in July. Unless you live under a rock, you probably know by now that national and local homes sales were down by almost 30% last month following the ending the home buyer tax credits, which has some people kind of worried about the current state of the Knoxville real estate market (I talked a little bit about this on WBIR this week as well).
However, not all the local news was bad, as prices for 4+ BR homes were up and average days on market was down. Not to mention the fact that we are still enjoying some super awesomely low mortgage interest rates right now. I’m out there in the housing trenches every day and although it’s happening a lot more slowly than I’d like, I’m still seeing houses showing and selling, which gives me a lot of hope.
Still, a drop that big is bound to make people nervous, so I’m curious: how nervous is it making you? Nervous enough to postpone buying or selling a home? Or maybe you’re just not the worrying kind? Cast your vote and let me know!
RESULTS:
How worried are you about the Knoxville real estate market?
- A teensy bit. Glad I don’t have to sell, but I still think it’s a great time to buy. (33%, 4 Votes)
- Very. I’m even delaying buying or selling a home. (25%, 3 Votes)
- A little. I’m waiting to see what happens over the next few months. (25%, 3 Votes)
- Somewhat, but Knoxville has a strong economy and will be OK.(17%, 2 Votes)
- Not at all. I’m only worried that I won’t be able to buy more investment property while the rest of you are freaking out.(0%, 0 Votes)
Total Voters: 12
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Author: Suzy
Hard working Knoxville real estate agent by day. Intrepid Knoxville real estate blogger by night.
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