PMI Ranks Nashville as Top 10 Most Stable Market

August 20, 2009 by admin · View Comments 

This July 7, 2009 press release from the PMI Mortgage Insurance Company clearly ranks Nashville as one of the most stable real estate markets in the United States.
60% of Top 50 MSAs have greater than 50% probability of lower home prices in Q1 2011; Buyers: 98% of nation’s 381 MSAs show higher affordability.
WALNUT CREEK, Calif., July [...]

Zillow Reports Nashville Market Gains Value

August 20, 2009 by admin · View Comments 

According to the latest Zillow Real Estate Market Reports, home values in Nashville decreased 5.6% in the second quarter of 2009, compared to the second quarter of 2008. Nationally, home values decreased 12.1% during this same period.
However, home values in Nashville increased 0.7% in the second quarter of 2009, compared with the first quarter of [...]

Modified Subprime Mortgages Redefault

May 30, 2009 by admin · View Comments 

Fitch Ratings is slated to release a report this week showing that 65 percent to 75 percent of modified subprime mortgages will still fall behind by 60 days or more within one year of the loan change. Although some experts believe that reducing the principal amount owed is the best way to keep distressed borrowers [...]

Real Estate Market Trends in Nashville

May 26, 2009 by admin · View Comments 

According to the latest Zillow real estate market reports, home values in Nashville decreased 5.6 percent in the first quarter of 2009, compared to the first quarter of 2008. Nationally, home values decreased 14.2 percent during this same period and have fallen 21.8 percent since the market peak in 2006. Additionally, one-fifth (21.9%) of all [...]

Nashville Tax Assessment Reappraisal Deadline

May 11, 2009 by admin · View Comments 

This article entitled “Reappraisal review deadline nears” appeared in the Tennessean on May the 10th, 2009. The author is Jenny Upchurch:
“Property owners in Davidson County can get an informal review of their new appraisal values through Friday. But the assessor’s office urges folks to make requests as soon as possible so the office can have [...]

Nashville Mortgage Rates Hit Record Low

April 2, 2009 by admin · View Comments 

With the Federal Reserve planning to purchase another $750 billion in mortgage-backed securities and up to $300 million in Treasuries, Freddie Mac reports a drop in long-term mortgage rates. The average interest on a 30-year loan fell to a 38-year low of 4.85 percent during the week ended March 26 from 4.98 percent the prior [...]

Nashville Real Estate Market Report | February 2009

March 19, 2009 by admin · View Comments 

There were 1,267 home closings reported for the month of February, according to figures provided by the Greater Nashville Association of Realtors®. This represents a decrease of 33 percent from the 1,892 closings reported for the same period last year.
There were 1,452 sales pending at the end of the month, compared with 2,183 pending sales [...]

Historic US Home Values Chart

January 27, 2009 by admin · View Comments 

Don’t let this graph scare you, but let it sink in for just a moment. It is clear that we experienced an unprecedented real estate boom over the past 8 years, but don’t expect an unprecedented depression as a result. We do expect values to drop, but only to the 130-150 basis level.
 
Why won’t the [...]

Forbes Ranks Nashville as Top 10 Most Affordable City

September 27, 2008 by admin · View Comments 

Among all of the negative news stories one news item actually was a “win” for Tennessee’s largest city:
The cost of buying and maintaining a home is pretty reasonable if you live in certain Midwestern or Southern cities, according to Forbes magazine’s new report.
To determine America’s least expensive places to own a home, Forbes used data [...]