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The Argumentative Essay: The City Of Knoxville

364 Words2 Pages

The city of Knoxville economically started to hurt shortly after Lehman Brothers crashed in September 2008. Knoxville struggled through a recession, but other cities were hurt more than Knoxville. In 2009-10, the city hit its trough and the economy hit a low-point. In the following years following the recession, the economy and real estate have slowly gained momentum and continue to rise. In the next couple of years, the city is projected to surpass where they were before the Lehman Brothers crashed. According to Doyle Webb, president of the Knoxville Area Association of Realtors and a Realtor with Realty Executives Associates, says, “The housing market has always brought us out of every recession we’ve ever been in. The housing market is the

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