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
Archives
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
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
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
Market Update + New Brokerage
August was hot, and the market cooled ever so slightly. As you can see, inventory is still down so it is still a Seller’s market and will be for the foreseeable future, but not as overheated as we saw this Spring between mid-March and mid-May. This is giving Buyers a chance to breathe a bit … Continue Reading
Yes, It IS That Crazy Out There.
I’ve been meaning to write for awhile, but the market is in such a state that I was not sure where to begin? What is happening nationally, is intensified here in Nashville at a more exacerbated level. You’ve probably already heard, there is an inventory shortage, driving competition among buyers to a level that is … Continue Reading
September News + Steps to Home Buying
Many of us are seeing a some softening in certain areas of town, and in certain price points, but you wouldn’t really know it from these numbers. Stats for August are as follows. Davidson County Home sales prices in Nashville and Davidson County continued climbing through the summer. The total number of units sold in … Continue Reading
August News + Multiple Offer Strategies
I didn’t do a newsletter in July, since so many of us are on the go, avoiding screens, and enjoying Summer! I have the market numbers for July, which are still marking increases over the same time last year. Davidson County The total number of units sold in July were up 1% while average home … Continue Reading
