Despite interest rates being a half point higher than they were last February, there were more closings, more homes added to the market, and the highest median price since last July.
Category: Nashville
Affordable Housing
Continue Reading
Nashville Real Estate Market February 2024
January ended with 30 year interest rate averages of 6.69%. After four months of rates above 7%, a second month in a row of rates in the 6’s helped thaw our frozen market.
Affordable Housing
Continue Reading
Nashville Housing Market January 2024
While we’re still in a Seller’s Market, actual Buyers are experiencing a more balanced market.
Affordable Housing
Continue Reading
Opportunities Increasing for Savvy Buyers
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.
Affordable Housing
Continue Reading
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
Continue Reading
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.
