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: Nashville Real Estate
Affordable Housing
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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.
Affordable Housing
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Seller’s Markets, Buyer’s Markets, and Supply
If 6 houses close in 1 month, and there are 12 houses available, then there is a 2 month supply.
Affordable Housing
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For People Who Ask Why the Nashville Real Estate Market is So Competitive
Time equals freedom, and long commutes just add to the time that working to make a living takes from what could be family, fun, rest, or sleep time.
When people start to really contemplate their commute times and put a premium on their distance from work, that creates demand in urban neighborhoods.
Build Your Nest
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How to Stay in Your House Forever
Take the accumulated stuff off every countertop, desktop, and dresser and burn it.
More than Houses
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How will the FHA Mortgage Insurance Rate Cut Cancellation Affect Buyers and Sellers?
I was shocked when President Trump cancelled a planned rate cut for FHA mortgage insurance….
Keep Up With Kate
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Which February Holiday (or non-holiday) Describes You?
Everything will start turning green by March and early spring gardens are a safe bet. We have four reasons for a celebration and one reason for a diet during the dreary days of rain before we can air out our houses and start spending more time outside.
