Warren Buffett Predicts End of Housing Crisis
March 1, 2010 by admin · View Comments
According to Bloomberg News, Billionaire Warren Buffett said the U.S. residential real estate slump will end by about 2011, predicting that’s how long it will take demand for homes to catch up with the supply. “Within a year or so, residential housing problems should largely be behind us,” Buffett wrote on February 27 in his [...]
A Few Favorite Nashville Foreclosures & Short Sales
February 19, 2010 by admin · View Comments
For those of you who missed out on the incredible 1 bedroom condo foreclosure in the Encore (the first ever) or the record setting one in the Enclave (all time record), I thought that I might share a couple of my current favorites:
Short sale in the Icon in the Gulch – this is one of [...]
John Rich Buys Seanachie Irish Pub in Nashville
February 17, 2010 by admin · View Comments
Country music superstar John Rich and business partner Phil Martin, have purchased the Seanachie Irish Pub building in downtown Nashville. The building, located at 329 Broadway is pending renovations as the group is currently in the process of acquiring building permits, submitting plans and the like. While I have not been able to confirm the [...]
5 Best Condo High-Rises in Nashville
February 8, 2010 by admin · View Comments
The Adelicia – The finishes, floor plans, design, construction materials and location all speak for themselves in this building. Famous residents like Simon Fuller and Taylor Swift have only added to its reputation (and price).
The Terrazzo – The finishes are perhaps the highest end in Nashville, but its Interstate location and lack of views knock [...]
Embattled 5th & Main Condos Earn FHA Approval
January 20, 2010 by admin · View Comments
The 5th & Main condo project in East Nashville, the first large condo project to enter receivership in February 2009, has received approval to issue FHA insured loans (according to the HUD website). The project has qualified under the new, lower FHA guidelines that only require a project to be 30% presold in order to [...]
Griffin Plaza Condo Site in Gulch Gets Reprieve
January 8, 2010 by admin · View Comments
In 2007, Crosland Tennessee President Bill Barkley announced plans to develop a 2 acre parcel of land in the Gulch into Griffin Plaza, a $35 million 10 story project with 140 apartments and 32,000 square feet of ground-floor retail space. With that announcement, the website went live and the buzz began to build with mentions [...]
Icon in the Gulch Big Winner or Buyers?
January 6, 2010 by admin · View Comments
2009 was supposed to be a horrible year for Nashville condo sales, yet the Icon in the Gulch was able to sell and close 84 new condo contracts. By the pure number of closings, the Icon in the Gulch was certainly the big winner in terms of gross number of sales, but many may be [...]
Nashville Real Estate Market Forecast for 2010
December 31, 2009 by admin · View Comments
The Nashville housing market will experience an accelerated sales volume in 2010 aided by the government’s extension and expansion of the first time home buyers federal tax credit, more government-backed lending assistance, and historically low mortgage rates according to 90% of major forecasts for 2010.
Surrounding real estate markets will improve in the Southeastern U.S. with [...]
Nashville Condo Market Debate Continues
December 13, 2009 by admin · View Comments
Recently, an educated rebuttal was posted on my 5 year condo analysis article. This rebuttal had some great points that I have posted in their entirety below. My answers/thoughts follow each point in blue.
“An interesting analysis, but I respectfully disagree with your conclusion that now is the best time to buy a condo in Nashville. [...]
5 Year Nashville Condo Market Analysis
December 13, 2009 by admin · View Comments
The economic recession has affected the US housing market disproportionately. The problem is that the local, regional and nation media outlets are very good at pointing out the obvious bad markets like Las Vegas, Miami and Phoenix, but they are very bad at explaining where the rest of the local markets are in the housing [...]
Grant Hammond is the foremost downtown Nashville real estate market expert and condo guru. Having represented more than 125 individual pre-construction condo buyers in just the past 3 years, he has the expertise and connections to secure deals on Nashville real estate. Hammond has guided more than $215 million in real estate deals since 2002. Hammond holds a Tennessee broker license, an ABR and e-PRO designation and has received more than 27 real estate awards.
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