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The Dad Life Video is Franklin

July 19, 2010 by admin · Leave a Comment  

All real estate and no comedy makes Grant a dull boy. A lot of you know that I recently became a new father to a baby boy who is now nine months old. When my friend in East Nashville sent me this video, I almost fell off my chair laughing. My first thought was of Fieldstone Farms in Franklin, TN and my two friends there, Jim and Eric. If you do one thing today, watch this video called “The Dad Life”. One... [Read the entire article…]

Velocity in the Gulch Restructures Ownership

July 1, 2010 by admin · 26 Comments  

This morning the Tennessean reported that the Velocity in the Gulch’s ownership has been restructured. “The new owner of the 265-unit building in the Gulch is Velocity Residential LLC, with its principal offices listed with the identical address as the project’s lender, BBVA Compass Bank.” It should be noted that BBVA Compass in not the only bank who has loaned construction funds, but BBVA... [Read the entire article…]

Nashville Country Music City Marathon Video

June 15, 2010 by admin · Leave a Comment  

While I am no marathoner, I appreciate the simplistic beauty of the imagery. Andrew Rozario and Jesse Parker did a masterful job of capturing the soul of the Country Music Marathon using crisp, high-resolution time lapse photography. Clearly, Andrew and Jesse spent a heck of a lot of time mapping the Nashville marathon route, choosing filming locations and shooting. This video may actually inspire... [Read the entire article…]

The Most Expensive Foreclosure in Franklin, TN

June 12, 2010 by admin · Leave a Comment  

I was having a conversation with a colleague today who told me that she had heard of a $4 million house in Franklin that was in foreclosure. She thought that there were several homes in that price range in foreclosure and was excited about the opportunity of finding a buyer for all of these high-end foreclosures. I didn’t say anything at the time, but the high-end market in Franklin has fared rather... [Read the entire article…]

Nashville Area Home Sales Up 15.5% June 2010

June 11, 2010 by admin · Leave a Comment  

June marks the 9th consecutive month of increased homes sales. There were 2,416 homes sold in the month of June, according to figures provided by the Greater Nashville Association of REALTORS®. That figure is up 15.5 percent compared to the 2,091 closings reported for June 2009. Second-quarter numbers are also up, with 6,831 closings reported, a 24.7 percent increase from the 5,478 closings reported... [Read the entire article…]

Nashville Real Estate Closings Up, Pendings Fall

June 10, 2010 by admin · 1 Comment  

If you were one of those drum beating, forever optimistic, ‘buy now or miss the deal of a lifetime’ type of real estate agents, this is what you might spin this month: Nashville home sales up an astounding 25.8 percent in May. You may also write: Year-to-date Nashville closings are up 20.4 percent through the same period last year. Don’t wait to buy, you’ll miss the best deals. Of course, you... [Read the entire article…]

Multi-Million Dollar Short Sale in Brentwood

June 10, 2010 by admin · Leave a Comment  

This is clearly a phrase we have not become all that accustomed with in Brentwood, Tennessee. Nonetheless, it is a phrase that we must utter occasionally when describing brand new homes which have had difficulty in selling to a new owner. Even impeccably constructed, designed and located mansions like this one in the Annandale subdivision. I am not advocating that this particular Brentwood mansion... [Read the entire article…]

Is Walking Away from your Mortgage Smart?

May 28, 2010 by admin · 1 Comment  

According to CNN Money, “Some homeowners, no doubt, believe that the credit score hit is worth getting out from a deeply underwater mortgage. They may owe, say, $500,000 when their house value is only valued at $350,000. And, they figure, there’s no way it will ever be worth what they owe so it’s better to get out from underneath the burden. After default, they reason, they can raise... [Read the entire article…]

Proving a Housing Price Increase in Nashville

May 20, 2010 by admin · Leave a Comment  

A very astute investor once told me that if I attempted to micro analyze the real estate market based upon short-term data, I would most likely be missing the soul of that market. Yes, I had the ability to make profitable short-term decisions, but I would lack the true understanding of why my short-term decisions were valid. It is this soul of the market that allows one to make accurate predictions... [Read the entire article…]

April 2010 Nashville Real Estate Market Analysis

May 18, 2010 by admin · 8 Comments  

The Middle Tennessee MLS (Realtracs) has reported April 2010 housing statistics. The following graphs and analysis are based on the greater Nashville residential single family homes and condos market only. Note: on April 30, the federal housing tax credit for first-time home buyers culminated giving rise to purchases that may have occurred later in the housing cycle. Total Inventory (Okay, Increasing) Inventory... [Read the entire article…]

When to Reappraise a Home in a Flooded Neighborhood

May 6, 2010 by admin · 1 Comment  

I must admit that this is the first time I have fielded an emailed question having to do with such a widespread natural disaster. The question is a very good one and I thought it best to share the conversation on my blog as many of you in Nashville may be experiencing the same situation. I have changed the name of the actual customer with a fictional name in order to protect their identity. Kim: I... [Read the entire article…]

What Happens to the Nashville Market Post Flood?

May 4, 2010 by admin · 13 Comments  

If the flooding caused by Hurricane Katrina in New Orleans was any indication, Nashville real estate prices will rise in the coming months. I realize that this statement may appear counterintuitive in the wake of such devastation, but the underlying fundamentals of a capital market remain unaffected, the simple laws of supply and demand dictate a housing shortage on the horizon. According to the Brookings... [Read the entire article…]