Jimmy Franks Sells Franklin Mansion to Kenny Chesney

February 26, 2010 by admin · View Comments 

I realize that the sale of the mansion known as Bella Luce (Italian translation is ‘beautiful light’) is old news, but I need to congratulate the builder who spec built this world class Tuscan estate, Jimmy Franks. Most of you know Jimmy Franks as the co-founder of Tennessee Valley Homes, but most do not know [...]

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 [...]

First Time Homebuyer Tax Credit Extended & Expanded

November 9, 2009 by admin · View Comments 

If you feel like the first time homebuyer tax credit was a sweet deal that you missed out on, you’ll now have another shot, the program has now been extended through April 30, 2010.
The Tax Credit was also amended to include move-up buyers who’ve been in their current home 5 consecutive years over the past [...]

Brentwood Homes Short Sale and Grant Hammond

September 11, 2009 by admin · View Comments 

This article entitled “High-end homes take a hit” appeared in the Williamson AM on September the 11th, 2009. The author is Nancy Mueller:
BRENTWOOD - Short sales and foreclosure sales are now being seen in some of Williamson County’s most expensive neighborhoods.
During the first week of September, there were four short sales available in the Governor’s Club, plus one foreclosure. [...]

Nashville Real Estate Market Report for June 2009

August 10, 2009 by admin · View Comments 

The Middle Tennessee MLS (Realtracs) just released June 2009 stats. The following graph and analysis are based upon the residential single family homes and condos market. As you may recall in May, closings were up over 80% from January. Did June continue at this break neck pace?
 
Total Inventory (Good, Getting Better)
Inventory levels dropped slightly in June, down 0.14 percent [...]

Whetstone Subdivision in Brentwood Foreclosed

July 14, 2009 by admin · View Comments 

 
This article entitled “Brentwood’s Whetstone falls in foreclosure” appeared in the Nashville Business Journal on July the 14th, 2009. The author is Jenny Burns:
 
“A Brentwood housing development with million-dollar homes, Whetstone, is in foreclosure. Developers say this is the first major development in Brentwood to go into foreclosure during the current recession, and the property [...]

Steve McNair House in Green Hills area Nashville

July 4, 2009 by admin · View Comments 

This is the current home of murdered Titan’s quarterback Steve McNair. The home is located at 2430 Bear Road in the Green Hills area of Nashville, TN 37215. The home is currently for sale for $2,999,990. Steve McNair’s home was originally listed for sale on April 11th, 2009 for $3,800,000. It appears that the price [...]

Mortgage Loan Rates Unchanged in Nashville

July 2, 2009 by admin · View Comments 

Interest on 30-year fixed mortgages settled at an average of 5.40 percent this past week, reports Freddie Mac, up from 5.38 percent in the previous week and much lower than the prevailing rate of 6.45 percent a year ago. Five-year, hybrid adjustable-rate mortgages also bumped upa couple of notches to 4.99 percent; but 15-year fixed [...]

May 2009 Nashville Real Estate Market Stats

June 10, 2009 by admin · View Comments 

The Middle Tennessee MLS (Realtracs) just released May 2009 stats. The following graph and analysis are based upon the residential single family homes and condos market. As you may recall in April, closings were up almost 65% from January. Did May continue breaking our expectations?

Total Inventory (Good)
Inventory levels continued a slight rise in May, up [...]

2 Year Analysis of Nashville Home Prices

June 5, 2009 by admin · View Comments 

The graph shows a median price analysis compared to the average inventory held for the Nashville single family home market since the first quarter of 2007 through the second quarter of 2009. This is market information that I have collected using the official home sales numbers from GNAR and are deemed to be accurate.
This quarterly [...]

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