How many more houses the Nashville area needs to meet demand is influenced by the cost to borrow. Extremely low interest rates in 2020 and 2021 led to an enormous gap between how many homes our market could absorb and how many were for sale.
Tag: living in Nashville
Cooling a Hot Seller’s Market: Local Demand Meets Rising Interest Rates
As mortgage interest rates have risen, our local Middle Tennessee housing market has cooled but definitely not stalled. Following supply, an indicator of how many months worth of houses buyers have to choose from, we are still very much in a seller’s market.
Sobro
If your image of Nashville is the Grand Ole Opry and honky tonks, then this is probably the spot you’re envisioning. It’s also the place where you can live in a high-rise condominium or converted historic building and go completely urban.
Germantown
Germantown is Nashville’s oldest traditional neighborhood. From here you can walk downtown or to the Farmers Market by way of the greenway or Bicentennial Park.
Inglewood
Inglewood used to be a town separate from Nashville but it was incorporated and became a neighborhood. It’s more of a historic suburb than a historic neighborhood in Nashville’s urban core.
Rosebank
If you’re a Dwell fan, then you have to see the renovated modern takes on the classic ranch that people are undertaking in Rosebank.
Rolling Acres
Centrally located along Eastland Avenue but easily missed, Rolling Acres offers a great location at an affordable price.
Fortland Park
If you want a ranch (or rambler if you’re from Minnesota), then this is the urban spot you’ll love. The Shelby Bottoms Greenway, bike paths, and Shelby Park, are in your backyard.
Boscobel Heights
On the border of Shelby Park, community garden, dog park, golf course, ball fields, and the Shelby Bottoms Nature Center and Greenway, Boscobel Heights offers quite a bit to anyone who likes to do things outside.
Eastwood Neighbors
Located just north of Lockeland Springs, Eastwood Neighbors is a neighborhood in East Nashville that has significant appreciation and many renovations over the last five years.