Luke

Lol.....what a great thread...This was worthy of a good chuckle. - Wed Mar 4 2009, 18:44

Yikes Cathryn....That is a pretty nasty forecast...Thanks for the link. I too believe Nashville has just begun to see the decline.

Frank,
I would advise doing all the research you can on your own. I started looking to buy a home in Nashville last spring and sure am glad I held off. Please look at rent vs. buy equations, median income vs. median value, unemployment(a huge factor that will drive prices), months of inventory, etc. I am linking my question that I asked Trulia back this summer. If you have a few moments you may want to look at some of the links that I posted. By the way, I didnt post Octobers or Novembers numbers but if you look them up the same trend is continuing (November was especially brutal). The majority of REALTORS told me it was the perfect time to buy then(yet prices continue to decline) and some flat out lied to me. I quit updating it because it became quite catty. I keep hearing that nobody can 'time the bottom", while this is mostly true, the bottom is going to last for quite some time. Looking back at historical trends it will most likely be a U shaped recovery rather than a V shaped recovery. By the way, the $7500 tax "credit" is really just a no interest loan, you have to pay it back over a 15 year period. Take a look at the link. Stick with your gut!!!!!

Good luck Frank!! - Tue Dec 30 2008, 08:26

Jennifer,

Please pay special attention to Cameron Piper's post. He makes extremely good points in his analysis. Thumbs up from me for Mr. Pipers post. - Sat Dec 27 2008, 14:38