Nashville Real Estate
October 2009

Halloween Real Estate Humor

October 31, 2009 by · 2 Comments  

Well, this isn’t quite real estate humor, but they are pumpkins on a home’s stair case. I’m not sure why this made me laugh, but it did. Perhaps it is the sick humor side of a real estate professional who can see a resemblance between the bottom pumpkin and certain sellers when they receive low ball offers… I hope that everyone has a safe and happy Halloween…and does... [Read the entire article…]

Senate Debates Extending First Time Buyer Credit

October 29, 2009 by · 3 Comments  

Bloomberg.com reports that the Obama administration endorsed plans to extend an $8,000 tax credit for first-time homebuyers, saying it is helping stabilize the nation’s housing market. Senate Democrats have announced plans to extend the credit until April 30, 2010, while expanding it to include higher-income Americans and some who already own homes. Senate Finance Committee Chairman Max Baucus... [Read the entire article…]

“Shadow Inventory” Adds Time to Nashville Recovery

October 29, 2009 by · 4 Comments  

According to a recent article in Barrons, there is a growing segment of 7.1 million homes in the US’s “shadow inventory” – more than 15 months worth at the current absorption rate of sales. These are homes and condos that are most likely headed for foreclosure – mortgages that are at least 60 days overdue, of which nearly 10% haven’t made a payment in two years. The... [Read the entire article…]

Lipman Group to Auction Off 30 Terrazzo Condos in Nashville

October 28, 2009 by · 24 Comments  

Do you know that sinking feeling you get sometimes? You get a nagging feeling that you just cannot shake and you’re sure that something is about to go wrong, but you have no idea what it is. Well, I got that feeling tonight when I was awakened by our screaming newborn. Of course, at first I thought that my sinking feeling somehow involved our 4 week old, but then I walked over to my computer... [Read the entire article…]

Mortgage Applications Down as Rates Rise

October 27, 2009 by · Leave a Comment  

Mortgage applications declined for the second consecutive week and to their lowest level in over a month, as interest on 30-year fixed loans rose to 5.07 percent. The Mortgage Bankers Association reports that its index of loan applications fell 13.7 percent last week, as requests to refinance mortgages sank 16.8 percent and demand for purchase loans fell 7.6 percent. Also, demand for home loans is... [Read the entire article…]

Nashville Convention Center Gets Support & Resistance

October 24, 2009 by · 11 Comments  

It’s clear to me that the new Nashville convention center is going to be built and all of the pubic opinions trust upon us by the media is simply entertaining noise. Of course, this is only my educated opinion and not the collective  opinion of the entire city. Well, when I read headlines like, “Nashville Sues to Seize Convention Center Land“, I am kind of tipped off. Whenever I... [Read the entire article…]

Mortgage Rates in Nashville Bumped Up

October 21, 2009 by · Leave a Comment  

Fewer consumers sought home loans last week as the national average interest on 30-year fixed mortgages bumped up to 5.02 percent from 4.89 percent the week before, the Mortgage Bankers Association reported. At the same time, the average rate for a 15-year fixed loan rose from a record low of 4.32 percent back up to 4.44 percent. Demand for mortgages was down 1.8 percent overall for the week, with... [Read the entire article…]

Nashville Sues to Seize Convention Center Land

October 20, 2009 by · 6 Comments  

Thanks to the Tennessean for breaking the story about the metro Nashville eminent domain filings. On October 20th, 2009 in the article entitled “Nashville files suit to seize 7 properties for convention center“ Michael Cass writes: “Metro government officials have taken the first steps toward seizing downtown property for a proposed convention center. The Metro Development and Housing... [Read the entire article…]

Shirley Zeitlin fired from Terrazzo Condo Project

October 20, 2009 by · 2 Comments  

Has Shirley Zeitlin’s company Zeitlin Realtors been fired by the Terrazzo’s financial backer Canyon Johnson? Upon a quick look at the MLS, all of Zeitlin’s listings have been removed and upon visiting the sales center a few days a ago, it was completely unmanned. Zeitlin has been the Terrazzo’s only listing agent for more than 3 years and was handcuffed by a declining market... [Read the entire article…]

10 Best Condo Buys so far in 2009

October 19, 2009 by · 10 Comments  

Sometimes we all wonder how well we have done when investing in real estate and usually there is not a good way to benchmark our success or failure. Here is a list of the 10 best condo buys in Nashville so far in 2009. Keep in mind that the developer purchases probably also have a ton of concessions like closing costs, upgrades, paid HOA dues, free parking spaces and whatever else will get the deal... [Read the entire article…]

Long Term Nashville Mortgage Rates Close to Records

October 12, 2009 by · 3 Comments  

30 fixed mortgages moved closer to the all-time low of 4.82 percent reached in May 2009, falling to 4.87 percent last week from 4.94 percent a week earlier, according to Freddie Mac. Homeowners who refinance have an opportunity to reduce their payment on a $200,000, 30-year, fixed loan by nearly $134 a month from a year ago, when long-term rates averaged 5.94 percent. Also, 15-year loans fell to... [Read the entire article…]

Nashville Named Friendliest City in America

October 12, 2009 by · 2 Comments  

Nashville has once again been named America’s Friendliest City from Travel + Leisure magazine after receiving the same honor in 2004 and 2005. The publication asks readers to rate 30 U.S. cities based on culture, shopping, restaurants, nightlife and more. The survey is conducted each summer. This year, Nashville also ranked second in the nation for live music and concerts and fourth for an affordable... [Read the entire article…]

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