West Knox Developers May Be Caught in Crunch

This appears in today's new issue of Metro Pulse in the Ear to the Ground section:

"The slow-down in the national housing market and the credit crunch may come home this year as development slows in Knox County. While homes continue to sell, there is expected to be a reduction in volume. This is bad news to developers who have subdivisions with vacant lots heavily financed and no likelihood of building a house and selling them.
Insiders say four to five West Knox County developers may not survive the crunch. They have not been helped by the revolution on Knox County Commission—the number of commissioners considered developer- friendly has been reduced. Look for an effort to increase density on subdivision sites to increase profit per unit and look for rejection to result in some people becoming overextended."

Ear to the Ground - Metro Pulse
Type rest of the post here