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Old 06-24-2008, 07:13 PM
 
Location: Atlanta suburb
4,733 posts, read 6,259,412 times
Reputation: 3397
Quote:
Originally Posted by Bones View Post
SmokyMtnGal, IMHO, I wouldn't get very excited about less for sale signs being out there just yet... Could be more sales in that desirable area, taken off the market,etc., who really knows...
With the state of the economy, it's not looking pretty in a lot of areas with jobs being lost, etc., I feel the worst is yet to come..

Communities suffer as foreclosure rate rises---->Gut Check America: Foreclosure's fallout - Foreclosure's fallout - MSNBC.com
All I can say is - I am so glad I don't drink coffee!!

Bones, I know that is the case here. People - like us -feel that it is counterproductive to have a For Sale sign out for a year. It'll be up at the end of the summer for us, more or less for a trial run, I think.

The family at the end of our street took their sign down after 15 months of FSBO, For Sale with RE offices X, Y, and Z. They decided to stay, expand, and remodel. WE ARE NOT DOING THAT!! But, many are.

Although, if you check the dailys, all of the big box stores and home remodelers are hurting, too. Some areas are seeing nothing happening. No selling, no remodeling; just waiting.

We're just glad the hiknapster is the harbinger of better days to come!!
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Old 06-25-2008, 02:48 AM
 
Location: Deane Hill, Knoxville, Tennessee
21,598 posts, read 29,698,553 times
Reputation: 11656
Ah, yes! Let me polish my crystal ball. <a little Windex...scrub, scrub, scrub>

Here we are! It says, that hiknapster bought on the downward curve. That's why she bought $30,000 under value. Wait, there's more! It says that Knoxville will be one of the first to recover! But when will that be?

Crystal ball? Crystal ball?

Darn thing must be broken...

<hiknapster kicks the crystal ball and stomps away>
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Old 06-25-2008, 07:17 AM
 
Location: On the plateau, TN
13,511 posts, read 6,780,004 times
Reputation: 8485
Quote:
Originally Posted by hiknapster View Post
Ah, yes! Let me polish my crystal ball. <a little Windex...scrub, scrub, scrub>

Here we are! It says, that hiknapster bought on the downward curve. That's why she bought $30,000 under value. Wait, there's more! It says that Knoxville will be one of the first to recover! But when will that be?

Crystal ball? Crystal ball?

Darn thing must be broken...

<hiknapster kicks the crystal ball and stomps away>


Hik, try some new batteries......
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Old 06-25-2008, 08:14 AM
 
Location: Atlanta suburb
4,733 posts, read 6,259,412 times
Reputation: 3397
Boy, Hik, I was getting pretty excited there for a minute and thought I was finally going to get a definitive answer as to when to leap.

I think I'll just go upstairs and take a flying leap!!

It is almost H-Day. Dad is coming! Hik has no more fingernails - and now, the crystal ball in rolling down I-40 someplace.

It would not hurt my feelings to see the Knoxville area take a little more time to start inching up again. The market here is starting to, at least, bottom out.

The problem here is that there was so much speculation building that CNN reported on Monday that it wouldn't be until the end of 2009 before the current new house inventory would be bought out. And, that is only if only those homes were selling.
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Old 06-25-2008, 08:57 AM
 
Location: Atlanta suburb
4,733 posts, read 6,259,412 times
Reputation: 3397
SmokyMtnGal, if you get any concrete information, please pass it on to the great crowd of us who are interested in Maryville and Blount County.

It may become a situation to buy now there and sell here whenever.
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Old 06-25-2008, 09:03 AM
 
Location: Deane Hill, Knoxville, Tennessee
21,598 posts, read 29,698,553 times
Reputation: 11656
The one thing I have are fingernails! Due to some sort of genetic defect, I have freakishly long nails.

Knoxville seems to be running about a year behind the Florida/California/etc. market. That's not because we are slowwwww people, but we are just experiencing the fallout from other areas.

One thing that has me very concerned is that it LOOKS like inventory is far outstripping sales. I'm not quite sure why there are so many houses for sale.

I still think that when things pick up, Knoxville should be looking good, but not as good as people were expecting back in 2005. For instance, some of the Floridians are going to see cheaper housing where they are, and stay.

That could be a good thing. It means that the people that move here are doing it for all the right reasons such as friendly people, nice schools, etc.
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Old 06-25-2008, 09:04 AM
 
Location: Deane Hill, Knoxville, Tennessee
21,598 posts, read 29,698,553 times
Reputation: 11656
Quote:
Originally Posted by gemkeeper View Post
SmokyMtnGal, if you get any concrete information, please pass it on to the great crowd of us who are interested in Maryville and Blount County.

It may become a situation to buy now there and sell here whenever.
DO NOT PANIC! Wait until the fall!
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Old 06-25-2008, 09:35 AM
 
2,199 posts, read 4,810,259 times
Reputation: 1640
I definitely see a pickup. I've passed two moving vans this morning on properties that haven't been on the market long at all. Every property I've considered as a rental has sold before I could pencil it out. So who knows the real scoop? I'm bearish about the economy and the stock market, but I'm a bit more optimistic about real estate in the desirable parts of Knoxville. I think the less desirable parts may not share the sentiment.

I wouldn't be in a rush to buy... but I wouldn't be afraid to, if I found the right deal, either. But, then, what do I know? I'm not a real estate agent... or a decorator... or a contractor...
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Old 06-25-2008, 10:43 AM
 
Location: Deane Hill, Knoxville, Tennessee
21,598 posts, read 29,698,553 times
Reputation: 11656
Quote:
Originally Posted by goodbyehollywood View Post
I'm not a real estate agent... or a decorator... or a contractor...
But you play one on City-Data!

Sorry, I had to go for the cheap laugh.

I often thought of you when I was looking, GBH, because I was out there looking with the investors. Still, I showed you the property I wanted because I knew you were a good person and wouldn't try to grab it.
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Old 06-25-2008, 10:55 AM
 
Location: Atlanta suburb
4,733 posts, read 6,259,412 times
Reputation: 3397
Quote:
Originally Posted by hiknapster View Post
DO NOT PANIC! Wait until the fall!
Quote:
Originally Posted by goodbyehollywood View Post
. . . . I wouldn't be in a rush to buy... but I wouldn't be afraid to, if I found the right deal, either. But, then, what do I know? I'm not a real estate agent... or a decorator... or a contractor...
Thanks, "longnails" and "not any of the above". I do have to keep my emotion self in check and not panic just because a house sold in Louisville last week!

Our time will be here before you know it. There has never been such an unpredictable market as we are seeing now. At least, not in the 30+ yrs. that we have been purchasing houses. It is scary, I admit it. I wake up in a sweat over the whole thing many a night.
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