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: More than Houses
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.
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.
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.
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.
Keep Up With Kate
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5 Things I Wish People Knew About Keeping the House In A Divorce
If one party is keeping the house and it has a mortgage, refinance the debt. That way the person who owns the house has the mortgage. This is the biggest deal for the person not keeping the house. The lender doesn’t care about divorce decrees or quit claim deeds.
Keep Up With Kate
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Recent Readings: The Orpheus Clock: The Search for My Family’s Art Treasures Stolen by the Nazis
Goodman, Simon (2015). The Orpheus Clock: The Search for My Family’s Art Treasures Stolen by…
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….
