April 2010 Nashville Real Estate Market Analysis

May 18, 2010 by admin · View Comments 

The Middle Tennessee MLS (Realtracs) has reported April 2010 housing statistics. The following graphs and analysis are based on the greater Nashville residential single family homes and condos market only. Note: on April 30, the federal housing tax credit for first-time home buyers culminated giving rise to purchases that may have occurred later in the housing cycle. [...]

What Happens to the Nashville Market Post Flood?

May 4, 2010 by admin · View Comments 

If the flooding caused by Hurricane Katrina in New Orleans was any indication, Nashville real estate prices will rise in the coming months. I realize that this statement may appear counterintuitive in the wake of such devastation, but the underlying fundamentals of a capital market remain unaffected, the simple laws of supply and demand dictate [...]

Real Estate Tax Credit Causes Nashville Homes Sales to Soar

April 9, 2010 by admin · View Comments 

Most real estate professionals would agree that the extended first-time home buyer credit has led to an increased level of purchase activity in Nashville. However, most tend to also believe that this activity has led us to a point when you can call the Nashville real estate market ‘recovered’. I can see why you may [...]

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 [...]

What’s Wrong with Hampton Reserve in Brentwood?

February 20, 2010 by admin · View Comments 

I’m not sure that anything is wrong with Hampton Reserve, but there is certainly something wrong with the high end housing market in Brentwood…BUT, that’s only if you are a seller. If you are a buyer who has always wanted a McMansion in a gated neighborhood, break out the drool bib because your day has [...]

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. [...]

October 2009 Nashville Real Estate Market Analysis

November 11, 2009 by admin · View Comments 

The Middle Tennessee MLS (Realtracs) just released October 2009 stats. The adjacent graph and analysis are based upon the residential single family homes and condos market only. As you may recall in September, the number of closings and pending transactions took a hit, but inventory did burn off. Did October begin a trend of real estate market deterioration [...]

Senate Debates Extending First Time Buyer Credit

October 29, 2009 by admin · View Comments 

Bloomberg.com reports that the Obama administration endorsed plans to extend an $8,000 tax credit for first-time homebuyers, saying it is helping stabilize the nation’s housing market. Senate Democrats have announced plans to extend the credit until April 30, 2010, while expanding it to include higher-income Americans and some who already own homes. Senate Finance Committee Chairman Max [...]

Nashville Housing Market Turning Corner?

October 9, 2009 by admin · View Comments 

If you believe that pending sales data represents a good indicator for future real estate closings and market confidence, you are probably feeling quite optimistic. In the year over year analysis of pending sales, you clearly see that the Nashville market has ‘turned that corner’, but you have to ask yourself, “what is driving these [...]

August 2009 Nashville Real Estate Market Analysis

September 11, 2009 by admin · View Comments 

The Middle Tennessee MLS (Realtracs) just released August 2009 stats. The following graph and analysis are based upon the residential single family homes and condos market only. As you may recall in July, closings and prices increased while total inventory was on the fall. Did August continue to buck the national trend or is it time for [...]

Nashville Real Estate Market Analysis – July 2009

August 28, 2009 by admin · View Comments 

The Middle Tennessee MLS (Realtracs) just released July 2009 stats. The following graph and analysis are based upon the residential single family homes and condos market. As you may recall in June, closings dramatically increased over May’s numbers. Did July continue to make an impression? Total Inventory (Okay, Getting Better) Inventory levels continued to slightly [...]

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, [...]