Nashville Real Estate

Pending Home Sales UP in the SouthEastern US

July 2, 2007 by · Leave a Comment 

The pending home sales in June increased from the previous month in all four major regions, according to the National Association of REALTORS’ Pending Home Sales Index (PHSI). The PHSI in the South increased 4.7% to 111.6 but was 12.7% below June 2006. The 5% monthly gain is the largest since March 2004′s 6.1% increase. [...]

Mortgage Rates Still Heading North

June 1, 2007 by · Leave a Comment 

Freddie Mac’s Primary Mortgage Market Survey showed the 30-year fixed-rate mortgage (FRM) averaging 6.53% with an average 0.4 point for the week ending June 7, 2007, up from the prior week when it averaged 6.42%. Last year at this time, the 30-year FRM averaged 6.62%. The 30-year FRM has not been higher since the week [...]

NAR Predicts Slight Drop in Home Prices

April 25, 2007 by · Leave a Comment 

The following news has been over-dramatized by the national news media, but NAR – in its latest housing forecast – has predicted a slight drop in median home prices for resales by the end of 2007. Remember that this is a national forecast and may have only a limited impact on home prices in Tennessee. [...]