Nashville Condo Inventory Absorption Study

November 18, 2010 by admin · Leave a Comment 

The below line graph is a rather simple analysis that reveals the number months required to clear the market of all current inventory. To arrive at the absorption calculation, I have simply divided the total condo inventory at month’s end by total condos sales for each particular month. While this particular chart really has no [...]

Nashville Real Estate Data October 2010

November 11, 2010 by admin · 3 Comments 

There were 1,495 home closings in Nashville reported for the month of October 2010, according to figures provided by GNAR. This figure is down 30.3% from the 2,145 closings reported for the same period in 2009. Year-to-date closings through October 2010 are 17,424, representing a 1% decrease from the 17,598 closings reported through October 2009. [...]

Condo Foreclosure in the Viridian

November 5, 2010 by admin · Leave a Comment 

While not a rarity in 2010, this foreclosure in the 31 story Viridian condo building is a little surprising. It’s not the fact that the condo was foreclosed, it’s the fact that this sunset view condo in the 19th floor is listed for only $169,900. This is a condo that was purchased for $212,700 during [...]

Nashville Condo Prices and Closings Q3 2010

November 2, 2010 by admin · 1 Comment 

Condo closings in the third quarter did not fall nearly as far as many predicted, but the number of closings did slide 34.34% lower than the previous quarter (824 closings in Q2 to 541 closings in Q3). As with most market analysts, I believe the second Federal Housing Tax Credit compressed 2010 condo purchases into [...]

Nashville Receives High Forbes Magazine Ranking

November 1, 2010 by admin · 3 Comments 

Nashville, TN is the 5th most affordable city in America, according to a Forbes study released last week. The financial magazine looked at cost of living (where Nashville ranked 3rd among cities with at least 100,000 residents), unemployment (Nashville ranked 23rd) and housing costs as a percentage of household income (Nashville ranked 11th). The Forbes [...]

Low Life, Blood Sucking, Vulture Realtors Video

August 18, 2010 by admin · 2 Comments 

If we cannot laugh at ourselves, then who can we laugh with? Seriously, this video portraying a Realtor cold calling on a distressed home seller is genius. It captures the internal argument that resides within most sellers who are having difficulty staying afloat while waiting for the other shoe to drop. Sadly, this is a [...]

Nashville Area Home Sales Up 15.5% June 2010

June 11, 2010 by admin · Leave a Comment 

June marks the 9th consecutive month of increased homes sales. There were 2,416 homes sold in the month of June, according to figures provided by the Greater Nashville Association of REALTORS®. That figure is up 15.5 percent compared to the 2,091 closings reported for June 2009. Second-quarter numbers are also up, with 6,831 closings reported, [...]