Saturday, April 24, 2010

Easter and the Early-Spring Buying Frenzy.

Jaylen and Norman with the Balloon

Spring and Easter time in Knoxville is great. The picture above is my niece Jaylen enjoying her first Easter as more than a "bundle-baby." Real estate in Knoxville is still going well. Lots of people are working to find their perfect starter home before the dreaded April 30th deadline for the first-time homebuyer's tax credit. I am interested in the next couple of months. I suspect they will still be good, but conventional wisdom says that the demand has artificially been pulled forward in time - another way that people who aren't ready to buy homes are getting themselves into trouble.

I am confident that the folks I'm helping to buy their first homes are buying conservatively and they will be able to recuperate their investments and possible make money when they are ready to sell their homes. I just hope that other Realtors are looking out for their buyers, rather than trying to pad their wallets a little more by talking their clients into the bigger, fancier home that will be a statistic rather than a long-term home.