There has been a lot of talk the last few months about when the housing slump will end. Some of the pundits have us waiting until next spring, some of them feel like it may be next fall, and still others say that until the unemployment numbers are substantially better that there can be no housing recovery.
Well, I’m here to tell you that housing is local. While there may be some questions as to when the national housing situation will improve, there can be no doubt that Sequoyah Hills has experienced a lift in 2010. As of this writing, there have been 40 houses that have gone under contract in Sequoyah Hills this year (per the Knoxville MLS), up from 30 homes for all of 2009 – an increase of 33% and we’re still not done yet!
Interest rates remain low, inventory in Sequoyah Hills remains steady (not too high or low) and we live in an area in Knoxville that can’t be duplicated. It’s scarcity that creates demand and increases price, and in Sequoyah Hills we are blessed with something that is scarce not only to Knoxville but nationwide.
It’s still a great time to buy, so if you know of anyone who is thinking about moving to Sequoyah Hills, have them give us a call! If you’re thinking about selling, we have buyers who are waiting for the perfect house. Timing is everything, so don’t let the doom and gloom of the market scare you – things have been moving right along in Sequoyah Hills!