Schools have started back and as Summer draws to a close, it’s time to take a look at what the last few months have brought us in the market. Some like to say our housing market is in a “rolling recession,” but Economist Dr. Marci Rossell has deemed it more of a “purgatory” since demand … Continue Reading
Category
Market Data
Spring Market + Seasoned Sunday
It’s been a rollercoaster in real estate the last few years, and this Spring has been no exception. As interest rates rose, many Buyers took a pause out of fear they would drop again pay too much. Then as they got used to the idea that 6.5% is actually not terrible, just not the bargain … Continue Reading
New Market Data + USN Class with Hattie B’s
Last week I had the pleasure of hearing Jessica Lautz, NAR Deputy Chief Economist and Vice President of Research, present to Greater Nashville REALTORS®️ the latest data and forecasting both nationally and locally. Some of the most interesting takeaways were seeing the numbers behind some of the trends we were seeing, affirming that they were … Continue Reading
Happy New Year + 2022 Year-End Recap
Happy New Year! I hope you had a safe and healthy holiday season and are ready to embrace all that 2023 has to bring. The numbers for 2022 are in and it’s clear the pandemic boom has settled us back to a more “normal” market. While median prices are still up year over year, volume … Continue Reading
Local Recession Thoughts + Happy Thanksgiving
While some recent pundits have predicted all doom and gloom for the housing market, I think Nashville is still in a stronger position than other markets nationally. Why? Our job market is strong and people still want to live here. Nashville/Davidson/Murfreesboro/Columbia, TN Unemployment Rate is at 2.50%, compared to 2.80% last month and 3.10% last … Continue Reading
Adjusting Expectations + Halloween Galette
I get a lot of questions about this changing market and what it looks like ahead. None of us have a crystal ball, but we do have a good read on what is happening now. Last month we addressed the rebalancing of the market, and how this shift is bringing us back to pre-pandemic levels … Continue Reading
Change is the Only Constant + Peaches
Summer is officially over, and as we roll into Autumn, let’s reflect on where we are in the market. We saw some panic over the Summer as interest rates rose and became more volatile, but most Buyers are now realizing that they can refinance down the line and have decided to get back off the … Continue Reading
It’s Going To Be OK.
I’m hearing a lot of panic over the market correction where property values are concerned, and I’m here to share some data that might help. There is a significant difference between depreciating values, and a decreased level of appreciation. We’ve had unhealthy levels of appreciation the past year or so, and this correction puts us … Continue Reading
Market Update + Locust
“Are you seeing any softening in the market?” The answer is yes, but it’s not necessarily a bad thing…it’s helping bring a little more balance to an overheated Seller’s market. Higher interest rates and lower consumer confidence from inflation and a volatile stock market are contributing to a pause for some Buyers. Many of whom … Continue Reading
It’s Not A Bubble + New Mobile App
Happy Spring of Deception everyone! As we swing between 80 and the teens, we’ll get to real Spring soon enough. So this is where the market is currently…… I get asked this question a LOT, so I figured I should address it here. Do I think this is a bubble and is the market going … Continue Reading
