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5th & Main Condos Regain FHA Approval

January 20, 2012 by admin · Leave a Comment  

It is a landmark day for ACG Equities, the investor who purchased the 5th & Main project from Wells Fargo Bank in March of 2011: The U.S. Department of Housing and Urban Development has granted the project FHA approval. (click to see full size image) Significance of FHA Approval It is difficult to emphasize how important FHA approval is for a condo project in the United States. Since the collapse... [Read the entire article…]

2011 Most Read Real Estate Articles & Pages

December 29, 2011 by admin · 6 Comments  

Looking through my website’s statistical data is so much like Christmas morning that I could hardly sleep last night knowing that I was going to find out which articles and pages were the most visited of 2011. It has been a banner year for GrantHammond.com, I recorded 186,189 visits to the site with 123,705 of those being unique visitors. All of those visitors viewed 721,234 total pages and spent... [Read the entire article…]

Nashville Area Luxury Home Sales Analysis

December 28, 2011 by admin · Leave a Comment  

As 2011 draws to a close and I listen to traditional media pontificating on the woes of national home sales, I am again reminded of how fortunate I am to live and work in Middle Tennessee. Many have made the argument that luxury home sales ($500,000 to $2,000,000) have suffered most during the economic downturn and that may be partially true, but my analysis below proves that Williamson County has... [Read the entire article…]

Happy Holidays and Thank You!

December 25, 2011 by admin · Leave a Comment  

Whether you are celebrating Christmas, Hanukah, Kwanza or Festivus, I hope everyone has a wonderful and family filled holiday season. I also wanted to take a moment to thank everyone for allowing me to become the top producing broker in the company for a second straight year. I take your real estate transactions very seriously and, as I was reminded the other day in REI, I may not remember your name... [Read the entire article…]

How do you feel about Nashville? Survey

December 4, 2011 by admin · 2 Comments  

If you’ve read my blog over any period of time, you’ve noticed that I have formed several very specific opinions about our fair city. This time, I’d like to hear what you think. Please take a few minutes to respond to the 8 polls posted below. Once all of your opinions have been tabulated, I’ll post those results in a tabulation post with commentary from a very special guest! Where... [Read the entire article…]

Forbes Ranks Nashville #3 City of the Future

December 2, 2011 by admin · 1 Comment  

Recently, Forbes Magazine ran an article identifying their picks for the 40 US cities of the future. Quite a few indicators and factors were taken into account such as education levels, employable workforce, average salaries, cost of living, tax structure, general growth (population and corporate), business friendliness and so on. For those of you who live in Nashville, it should be no surprise that... [Read the entire article…]

Happy Thanksgiving Nashville

November 23, 2011 by admin · Leave a Comment  

This time of the year is always so hectic, tons of traveling, family reunions, black Friday shopping and trying to keep Dad off the sauce long enough to make it through desert (he loves Turkey Day). I wanted to take a second to tell everyone who takes the time to read my blog thank you very much and have a wonderful Thanksgiving. If there is ever a topic I can research or anything I can do for you,... [Read the entire article…]

Encore Condos in Nashville: Pricing Trend

November 18, 2011 by admin · 3 Comments  

The Encore is a 333 unit, 20 story high-rise condominium building located in a pocket of downtown Nashville called SoBro (South of Broadway). The building delivered in February of 2008 in the face of the greatest economic downturn since the Savings and Loan crisis. Many wondered if the building could survive, if the developers could trudge through without losing their shirt. Some still look towards... [Read the entire article…]

Time to Lower Your Nashville Property Taxes

November 13, 2011 by admin · 1 Comment  

It’s that time again. No, not time for your annual pre-holiday panic, but time to potentially save some dough on taxes by requesting a new appraisal for your Davidson County property. You have until the end of the year to request a review of your current property appraisal for the 2012 tax year. The Davidson County Assessor of Property makes it easy to request a reappraisal by giving you 3 avenues... [Read the entire article…]

Fifth and Main Auction Results and Review

November 6, 2011 by admin · 7 Comments  

It was either a raving success or a necessary success, depending upon whether you were an auction buyer or you were ACG Equities, the seller. 23 condos sold at varying discounts during the auction, 2 more sold in the minutes following the final gavel bang. When the dust settled, ACG Equities met their pre-auction goal to sell 25 condos – 19 to new owner occupants and 6 to investors. The benchmark... [Read the entire article…]

Timing the Bottom of the Real Estate Market

September 22, 2011 by admin · 2 Comments  

It’s like wearing a trucker hat and donning a pair of skinny jeans, it’s the old new cool thing to do. Many, maybe even most, appear to be attempting one of the most difficult feats in the real estate world, timing the bottom of the market. The issue is not necessarily the timing part, but how you quantify the bottom and in which cycle, macro or micro you are timing. Undoubtedly the number one... [Read the entire article…]

Final Foreclosures for Rhythm at Music Row

August 31, 2011 by admin · 8 Comments  

Next week the remaining developer owned condos in the Rhythm at Music Row will foreclose. This foreclosure will mark the end to a rather unconventional chapter for downtown Nashville high-rises and usher in a new, more welcomed chapter that will see market forces driving value. On Tuesday, September 6th, Cadence Bank and Pinnacle Bank will take possession of 47 unsold condos in the Rhythm. Each bank... [Read the entire article…]