Much has been written about the so-called housing bubble in the United States. After growing exponentially for several years, housing prices in many markets are inching downward. Some analysts are even calling this a buyer’s market, especially for condominiums. If you’ve been holding off buying property, or have thought that the cost is out of your reach, it may be time to take the plunge and reach for your American dream.
Location, Location, Location
When it comes to real estate, it’s all about location. Despite reports of inflated real estate prices, there are many areas around the country where luxury remains affordable. In East Tennessee, for example, luxurious lakefront condominiums are both available and affordable. Imagine waking up to expansive views of both a gorgeous lake and the beautiful Smokey Mountains.
It’s tempting to overlook less populated areas and believe that big cities offer greater advantages. But when you resist that temptation, you see that, in the example used above, East Tennessee is home to Johnson City, the fourth largest metro area in the state and the home of East Tennessee State University. The...