When Mary wrote this the housing market was steady. Housing prices have since dropped a tiny bit. Like other parts of the country the most expensive homes depreciated the most but even the condos and small single family homes have stagnated since 2007 or dropped by a few grand. Still, not as bad as many many regions. It's pretty rare to hear about folks being upside down with their mortgages larger than the homes value. I'm not a realtor either and I have to agree that i love east TN. It is a great place to retire with low housing costs, low property taxes, sales tax higher than many places but not outweighing the money you save and you're close enough to the VA border to slip over and make those large purchases and pay 6% sales tax [laugh]. If you are transferred her by your company or are in the health care profession then you will love your buying power. don't come here without a job however. The puzzling thing is this area is so perfect for industry in so many ways yet there is a shortage of it at this time. Industries that need to be near a major highway, rail line or maybe even have an airport big enough for their corporate jet really should look closely at this region.
Scott | Johnson City, TN | Report Abuse