Nashville Mortgage Rates Fall

February 19, 2009 by admin · Leave a Comment 

A dip in the long-term mortgage rate offered homeowners a refinancing opportunity, according to Freddie Mac, which said average interest on 30-year fixed loans fell to 5.16% from 5.25% last week. Interest on 15-year fixed loans also declined, slipping to 4.81% from 4.92%.   It would be naive of us to predict Nashville home sales [...]

January Home Sales Numbers For Nashville

February 10, 2009 by admin · 4 Comments 

For the first time since 1994, there were less than 1,000 closings in Nashville during the month of January. Only 984 properties closed during the month, a 40% decline from just one year ago. So, what is selling? Auctions. Check out some of the incredible deals on Nashville auctions. I know that this seems like [...]

Nashville Housing Inventory Declines

January 11, 2009 by admin · Leave a Comment 

From Chas Sisk, December’s median is lowest since 2004, The Tennessean: The number of homes on the market also has started to fall. A total of 21,274 single-family homes, condos, multifamily homes, farms, land parcels and lots were listed for sale at year’s end. The housing inventory has fallen 15% since peaking at more than [...]

Home Prices Slide in Nashville Area

January 11, 2009 by admin · Leave a Comment 

Written by Chas Sisk, December’s median is lowest since 2004, The Tennessean: Home prices dropped sharply in December – back to levels last seen before the real estate boom – as the Nashville housing market wrapped up its weakest year in a decade. The median price of a single-family home sold last month dropped 13% [...]

Home Sales for Nashville, TN – December 2008

January 8, 2009 by admin · Leave a Comment 

There were 1,422 closings during the month of December, which represents a 32.5% decrease form the 2,109 closings in the same period last year. Fourth quarter closings were 4,413, down 35.6% compared to 6,856 closing in the fourth quarter of 2007. And, the year ended with 24,246 total closings, down 29% from the 34,221 closing [...]

Pending Home Sales Holding in Stable Range

December 18, 2008 by admin · Leave a Comment 

According to the NAR: Pending home sales eased against a deteriorating economic backdrop but remain in a stable range, according to the latest national survey. The Pending Home Sales Index slipped 0.7% to 88.9 from an upwardly revised reading of 89.5 in September, and is 1.0% below October 2007 when it was 89.8. Lawrence Yun, [...]

November Report: Home Sales For Nashville

December 9, 2008 by admin · Leave a Comment 

According to the Greater Nashville Association of Realtors: There were 1,243 home closings reported for the month of November, according to figures provided by the Greater Nashville Association of Realtors®. This represents a decrease of 45% from the 2,260 closings reported for the same period last year. And, there were 22,824 closings year-to-date in 2008. [...]

Remarkable Homes Predicts Residential Real Estate Future

December 5, 2008 by admin · 1 Comment 

In response to how popular my post regarding the 12 bold predictions for the 2009 Nashville real estate market was with my readers, I have been asked to pontificate on when rest of the US markets might turn around. We’ll, I have taken your requests to heart and dove into a huge number of publications, [...]

12 Nashville Real Estate Predictions for 2009

November 27, 2008 by admin · 1 Comment 

One of the many tasks my clients expect me to be able to do is to predict what is going to happen with home prices, appraisal values, and time on the market. I only wish that I had a crystal ball to be able to advise them 100% accurately, but unfortunately, that tool does not [...]

Williamson County Homes Inventory

November 24, 2008 by admin · 2 Comments 

In a recent article, the Tennessean reported the following market absorption rates for homes in Williamson County: “In Williamson County, the $1 million-and-up price range had enough inventory to last 30.9 months, compared with 18.4 months of inventory in the $800,000 to $999,999 range and 11.7 months of inventory in the $600,000 to $799,999 range.” [...]

National Home Sales are Flat

September 14, 2008 by admin · Leave a Comment 

The level of home sales is expected to show little movement in the months ahead, according to the latest projections. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in July, fell 3.2% to 86.5 from an upwardly revised reading of 89.4 in June, which had risen 5.8% from May. The July [...]