Where have all the Buyers gone?

With a record amount of inventory on the market in the Middle Tennessee, the buyers do not seem to be searching as much as they should. Granted the world economy looks bleak, however mortgage interest rates are hanging around 5.5% and may go lower. If you want a new house or need to refinance I am not sure you are going to have a better opportunity in the next 5 years. Are you going to be the one sitting at the restaurant talking over coffee about what you should have done back in 2008. It is my professional opinion and yes I get paid to sell houses, that a whole bunch of wallflowers are going to end up in a dried arrangement on a dusty table somewhere. Don’t let the market catch you at the top. Make a deal, Search for Houses, Call a Realtor, and Buy something. House prices have definitely lost some value over the last couple of years but houses are typically buy and hold investments. The average home buyer sells a house every 3 to 7 years so flipping houses is not what I am advocating but if you need more space or would like to find your dream house, go for it. The real estate news is really bad if you’re in Florida, Nevada, California, and New England but in Nashville and Middle Tennessee homes are still for sale and the Deal or Steal is probably out there. Call a Realtor or if you can not find one call me. http://sellnashville.net