by Brian on December 19, 2010
In 2010, Nashville started seeing its share of foreclosure/bank-owned homes and distressed homes that needed to go through the short-sale process. The good news for the economy, is that there was only one home above $1M that sold this way. In fact, at above the $500K mark, it’s a strong sign of Nashville homeowner’s economic [...]
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In Davidson County this fall, home sales in October shine over September’s numbers in several ways. Homes sold (residential units) rose from 385 to 415 and average closing prices from $203,302 to $205,936.
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Forbes has ranked the top 6 U.S. cities in which it is best to buy a home vs. renting a home. Nashville was ranked fifth along with other strong buyer cities, all of which are in the Southern U.S. “These are cities where rents are likely to be quite a bit higher than the after-tax cost of owning. In those places, renting is like throwing your money away,” says the article at Forbes.com.
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by Brian on November 1, 2010
Forbes Magazine has placed Nashville, Tennessee in the top five cities where your take-home pay with go farthest with low cost of living and affordability index. Forbes points out the Nashville is the cultural and entertainment capital and is set apart for its deep health care roots.
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by Brian on October 18, 2010
The 2010 statistics are showing a trend that the “bottom” of the market is over in 37206 East Nashville. While September 2006-2010 (five year trend, see chart at the end of this report) shows that for that month only, the trend is still falling, the overall numbers show that we are heading toward recovery.
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Last week, Forbes Magazine listed the top 10 Real Estate markets in the country most likely to appreciate in value, making them the markets in which investors should be eyeing and buying. Factors include population growth, job markets, and levels of price drops in most recent years. Nashville came in behind Raleigh, NC, McAllen, TX, and Austin.
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We hear it all the time, potential home sellers concerned about putting their house on the market at the right time. “When is the best month to sell our home?” Is it May, when schools are out, or March, when spring awakens and people are itching for change?
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The Greater Nashville Association of Realtors has reported mid-year figures for home sales in Nashville. Compared to 2009, this year is showing increases in residential and condo sales in all counties.
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