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: Homeowners
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.
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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.
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How to Stay in Your House Forever
Take the accumulated stuff off every countertop, desktop, and dresser and burn it.
Affordable Housing
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Buyers Market and Sellers Market Explained
“Buyers Market” and “Sellers Market” are often used subjectively. However, they are objective terms which when used appropriately can help you understand people’s behavior within a market.
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Landscaping: Curb Appeal and Beyond
A great-looking yard completes the picture your home creates. Not only does it help the key feaure “curb appeal.” It also makes your home and yard feel livable and complete.
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4 Simple Ways to Get Your Home Ready for Showings
4 Simple Ways to Prepare Your Home for Showings.
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Show Your Home Some Love
Like a tended child or an orderly office, a well-loved home is apparent to everyone who sees it. A well-loved home can sometimes appeal to Buyers more than a new home, if the improvements make it seem more “finished”. The reverse is also true in that a home where repairs and improvements are left undone can scare Buyers away.
