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
Archives
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
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
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
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
