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.
Category: Build Your Nest
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.
Build Your Nest
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Does It Come in Green?
Last March was rough. It started off with a major tornado through Middle Tennessee overnight on March 2nd into the early morning of March 3rd. Twenty five people died and over 300 were injured. My block in East Nashville narrowly missed it but it left a huge path of destruction.
Build Your Nest
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Winter Walks on Less Traveled Paths
Closing in on a year of social distancing as a family of five has been both an extreme privilege and the hardest thing ever. I had never imagined social distancing before it started and, like so many other people, I imagined a much shorter timeline when it began.
Affordable Housing
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Property Tax Relief for Nashville Homeowners
The Housing Fund is launching a program to help Nashville homeowners pay their increased property tax bills. Information and a link about the program is below. Please share this link widely.
Build Your Nest
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Leave Your Nest: Bike, Walk, Hike, and Play Outside
Last week I shared with some new clients three maps that are useful for identifying what public outdoor spaces are near any given homes and neighborhoods.
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Riverfront Cottage off the Ashland City Highway
Beautifully renovated home offers all the joys of life on the water outside of the city. One-story home with expansive water views and open floor plan. Enjoy the views from a screened in porch, a covered porch, or the lower deck.
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.
