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
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
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 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
2021 Market Recap + Restaurant Reviews
Happy New Year – belatedly! I hope everyone survived/thrived in the Holiday season, and as we look ahead into 2022 we see some hope for normalcy, and less languishing. The final numbers for 2021 are in, and it was quite a year for our market. So where does that leave us? For now…more of the … 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
2021 Half Done + Honey Update
It’s hard to believe 2021 is half done – it’s been moving too fast for me! The market is rebalancing a little bit (finally!) as this time of year is usually a little slower with travel etc… but inventory is still low, albeit increasing gradually. As you can see from the graphic above…we are still … Continue Reading
May News + Tasting Collective
How’s the market in the metropolitan Nashville area? Still hot. The good news for buyers is that the inventory is up, allowing them more choices, and less of what I call the “thunderdome” experience in bidding on properties. It was record breaking month in the number of sales, prices are up vs last year, and … Continue Reading
New Year’s News, Restaurant Reviews + Market Stats
I hope everyone had a happy holiday season and new year! For those who might not have heard, VILLAGE was bought in the first weeks of the new year by a team of former VILLAGE agents. More about the announcement and our new leadership team is here. There are already some exciting new improvements being made … Continue Reading
