It's a good time to buy in Tennessee because Tennessee's economy is thriving against national trends.  Tennessee has experienced 17 straight quarters of growth in business tax, and unemployment is staying down.

These positive factors are part of Tennessee's vital housing market.  Nationally, economists have cited a tightening in the availability of credit, anxiety over resetting of adjustable rate mortgages, and a growing number of foreclosures. 

"Despite what's going on in other parts of the country, Tennessee's housing market remains healthy," said Eddie Latimer, chairman of Tennessee Housing Development Agency.  "We have a welcoming business climate that has served as a magnet for relocating businesses.  We are going to stay strong.  We've created more than 108,000 new jobs and attracted $13.4 billion in new capital investment as well as 30 new corporate headquarters.  That progress is part of what makes Tennessee a great place to live and raise a family."

"We invite everyone to attend the Governor's Housing Summit October 17 and 18 to learn more about the state's housing production progress. See www.thda.org for more information."

"Buyers may think credit is tight, but lenders have favorable rates for ready buyers," said Peggy Krebs of Elite Homes, LLC, a Middle Tennessee builder.  "Builders are offering incentives that might not be there after the first of the year.  I recommend buying now."

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