New home construction is seeing growth just like the resale market. According to Jason Brown of Metrostudy’s Nashville region, ”Builders continue to successfully sell their existing inventory and new starts.” An article in the Nashville Business Journal stated that during the 12-month period that ended in March, Nashville saw 4,763 new home starts, a 34 percent [...]
Archive for Real Estate News
It has been an amazing month! I have been very excited about the new listings I have (see all my listings here) and was thrilled to be a part of a Million Dollar Property sale. It is a wonderful time to be a part of the housing market! If you have been thinking about selling [...]
The short and quick answer to that question is yes. Inventory has been slowly dwindling and we recently had a discussion in our sales meeting about what Nashville currently looks like : 2012 2013 INVENTORY 17,949 15,478 Residential 10,971 9,342 Condominium 1,526 1,153 Multi-Family 319 207 Farm/Land/Lots 5,133 4,776 Buyers have [...]
In wrapping up 2012 I was looking at the statistics and the raw data for home sales across 9 counties in the Nashville area. Not a single county had less than an 18% increase in sales! That is saying a lot about our market place. With that information and word of mortgage lenders starting to [...]
Tuesday I shared with you how the Nashville real estate market looked in 2012 and hopes for 2013. Today I wanted to share some info from the The KCM Blog and The National Association of Realtors about how the real estate market looks across the country. Every year-end housing report revealed that the real estate market [...]
Mortgage rates are low, home prices are on the rise what should you do? It is a hard choice to make. If you have shopped around for rentals the answer may come to you a bit easier than it did a year ago.
According to Trulia, areal estate website, Nashville rental rates have risen at 9% over the past year. That brings the average rental rates to $895 per month. That is the 6th highest increase in the U.S. Occupancy rates are high so basic supply and demand are going to continue to drive the rates up. It’s not hard to figure out that it might be time venture into home ownership.
The short answer to this question is yes. The old adage, “nothing is free” is true in this case. “No fee”or “zero closing cost” mortgages are not exactly what their names say they are. Fees exist when you borrow money, these loans just change how and when you pay them. “No fee” and “zero closing cost” mortgages do not typically require you to come to closing with a check to pay the fees, but don’t make the mistake of thinking you will not pay closing costs.
Published on December 6, 2012, by Daune Marsteller, for The Tennessean For Middle Tennessee’s home market, it’s beginning to look a lot like Christmas — 2007. Home sales surged last month, moving the region closer to its best showing in five years, the Greater Nashville Association of Realtors said Thursday. Nearly 2,200 single-family homes, [...]
Because we never tire of hearing about low mortgage rates I thought I would share an article that was published today on CNN Money by Les Christie. NEW YORK (CNNMoney) –Mortgage rates dropped again this week, sending both 15-year and 30-year fixed-rate loans to record lows. According to mortgage giant Freddie Mac, the average rate [...]