Quote of the Day

"Our main problem is inventory, and as it starts to get back more in balance with the demand then there'll be more confidence in pricing and stability will come back. We're hoping that's a positive; that the light's at the end of the tunnel and we're going to get our inventory back in line and it will be better in '09 than it was in '08. It's better now than it was a year ago."

- Jim Wallace, co-owner of (my brokerage) Coldwell Banker Wallace & Wallace, REALTORS on the state of the Knoxville real estate market in an article over on KNS.