Condo Financing for The Encore Building in Nashville

February 25, 2008 by admin · Leave a Comment 

Dear Mr. Grant Hammond, We here at SunTrust Mortgage sincerely appreciate the opportunity to work with your “Preferred clients” with the financing of the Encore condominiums in Downtown Nashville. As a token of our appreciation, we will go above and beyond the rest of the financing options by offering an exclusive arrangement for your clients. [...]

Mortgage Rates Edge Lower, Applications Up

February 12, 2008 by admin · Leave a Comment 

Freddie Mac reports a slight decline in the 30-year fixed mortgage rate to 5.67% from 5.68% during the week ended Feb. 7. Interest on 15-year fixed loans also dropped, falling to 5.15% from 5.17%. Over the same period, the five-year adjustable mortgage rate slipped to 5.21% from 5.32%, and the one-year ARM moved down to [...]

Remarkable Homes Team Now Has Corporate Housing

December 20, 2007 by admin · 1 Comment 

The Remarkable Homes Team is proud to release our new Nashville Corporate Housing program that features brand new condos in urban core of Nashville. In 2008, we will release 8 condos in the Encore, 6 condos in the Icon, 4 condos in the Viridian, 4 flats in District Lofts, and 4 townhomes in Madison Square [...]

Nashville Mortgage Rates Bump Up

December 17, 2007 by admin · Leave a Comment 

Freddie Mac reports that 30-year fixed mortgages averaged 6.11% on Friday, an increase from the week-ago rate of 5.96%. Until this past week, interest on 30-year loans had either been holding steady or declining each week since mid-October. The increase to 6.11% prompted Freddie Mac chief economist Frank Nothaft to remark: “The national housing segment [...]

The Encore in downtown Nashville, TN

December 5, 2007 by admin · Leave a Comment 

I was driving through downtown Nashville today and happened to notice that the Encore condo tower was shimmering in the late afternoon sun. This project will be complete in mid 2008 and will set a new standard in downtown Nashville living! On another great note, the Nashville Predators extended their lease in the Sommet Center [...]

The Media Vs. The Real Estate Market

November 11, 2007 by admin · Leave a Comment 

With all of the doom and gloom on the nightly news, this question has to be asked: Is the news media creating an artificially bad real estate market? Is the news media at least responsible for making a bad situation worse? I believe that the answer has to be a resounding yes. Let me start [...]

Nashville Baseball Stadium Con’t

August 22, 2007 by admin · 15 Comments 

It appears that the old Nashville thermal plant site is no longer going to be a potential site for a downtown Nashville baseball stadium. The site is going to be sold to the highest bidder and that certainly is not going to be the Nashville Sounds or their development partner. It appears more likely to [...]

Proposed Nashville Convention Center Con’t

August 21, 2007 by admin · 9 Comments 

After posting my first few comments and observations about the proposed Nashville convention center I received quite a few calls. In fact, several of my more conservative friends called me and bashed my comments about the need for a new convention center. My first reaction was astonishment, but my second reaction was to research the [...]

The Current Real Estate Climate in Nashville

August 19, 2007 by admin · Leave a Comment 

Attention residential buyers, with more than 20,000 properties on the market, we are in the largest buyer’s market since the mid-nineties in Middle Tennessee! The Fed just bailed out lenders by lowering their borrowing rate this week so now there are plenty of low interest fixed rate mortgages available. Add these two ingredients together and [...]

The New Nashville Convention Center

August 12, 2007 by admin · 1 Comment 

The Nashville convention center just celebrated its 20th birthday and with that it is time to look towards the future and the plans for the new downtown convention center. Before we do that I want to tell you a few things that you may not know about the current convention center. The convention center opened [...]

Pending Home Sales UP in the SouthEastern US

July 2, 2007 by admin · 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. [...]

Rates Rise Slightly, Still Low

December 18, 2006 by admin · Leave a Comment 

Freddie Mac’s Primary Mortgage Market Survey showed the 30-year fixed-rate mortgage (FRM) averaging 6.12% with an average 0.4 point for the week ending December 14, 2006, up slightly from the prior week when it averaged 6.11%. Last year at this time, the 30-year FRM averaged 6.30%. The 15-year FRM on Friday averaged 5.86% with an [...]