Are Home Sellers In Tennessee Panicking? Must-see Real Estate Market Update!

I think at this point if people keep waiting, they will never buy. 😂 There's always "something" going on. Just buy the house people!

Great video, Matt. Appreciate your take. Real estate is so localized, it often feels meaningless to look at national averages. New England, Florida, TN.. all very different.

Every time you block the "C," coffee's for losers. Otherwise, thank you for the market analysis. The real estate market has become very tricky. Every apparent good reason for waiting seems to lead to dispointment down the road. Covid, rates and inflation have failed to crash TN market. However, the affordability issue will eventually give us a reality check.

Everybody who is having to drop their prices should be furious with all the investors who drove prices up in the first place. Greed did this. They though if they bought everybody out of houses then people would HAVE to rent. No matter the price. People would need a roof over their head and they though if they could outbid us on purchasing, we'd all just grovel at the chance to rent.

Well, in my subdivision Invitation homes has 95% of the homes up for rent. Guess what. They're sitting empty. Meanwhile the regular families who did buy paid way more than they would've if they weren't competing with investors to secure the house. And now investors cant even find tenants? I'm a tenant here too for private landlords and I know they cant afford to raise my rent. If I leave they'll have to ask for less than I'm paying now because I'm paying the same amount that other rentals cannot get tenants for and they're bigger and better. If somebody wanted to pay that much they could just go live in one of the bigger houses but nobody even wants those. People have been cutting their prices down to less than they paid back in 2022. There's a foreclosure. AND to top it all off the builder is still building. its a mess.

Absolutely!! I try to get a home in Ooltewah last year , im in Florida...i couldn't submit an offer until 2 months after , cause everything was selling in a weekend...Until i got one !! Beautiful home , low TAXES low Insurance..Waiting to buy another one this year...NO MORE in Florida.