What is the current state of the housing market here? I’ve lived in Knoxville 25 years and I’m just now floating the possibility of buying.
I have a solid job, I’ve been there for sometime. My credit score is 830. I’m a veteran, I have the VA loan. I was just reading that there are fewer homebuyers currently in the market nationwide than there have been since 2013.
I still don’t believe there’s going to be a huge crash like some people are hoping for, but if the market’s about to go down a little, I would sure want to wait. I know it’s like trying to buy stocks, you can’t time the market. But my landlord wants to sell the little house I live in and he is absolutely delusional about the price.
So I think I’d like to find something that I can own. Are people even making offers under the list price anymore? I’m looking at a house for 300,000 and they just dropped the price by 25K after only two or three months on the market…so I feel like I could get it cheaper maybe? That’s a huge drop.