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, [...]

Nashville Real Estate Closings Up, Pendings Fall

June 10, 2010 by admin · 1 Comment 

If you were one of those drum beating, forever optimistic, ‘buy now or miss the deal of a lifetime’ type of real estate agents, this is what you might spin this month: Nashville home sales up an astounding 25.8 percent in May. You may also write: Year-to-date Nashville closings are up 20.4 percent through the [...]

April 2010 Nashville Real Estate Market Analysis

May 18, 2010 by admin · 8 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. [...]

Don’t Believe the Nashville Real Estate Hype…Yet

March 9, 2010 by admin · 12 Comments 

I have read either this exact sentence or a very close derivation of it about a dozen times since the Greater Nashville Association of Realtors (GNAR) published the February 2010 home sales results: “Home sales are already at a frenzied level in the first month of the year so you better hurry! Inventories are at [...]

October 2009 Nashville Real Estate Market Analysis

November 11, 2009 by admin · 10 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 [...]

Nashville Housing Market Turning Corner?

October 9, 2009 by admin · 2 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 · 6 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 · 2 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 [...]

Nationally Pending Home Sales Are Up

April 23, 2009 by admin · Leave a Comment 

From NAR’s Research Division this past week: “Pending home sales have edged up, hinting at a possible pickup of sales activity in coming months, according to the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in February, rose 2.1 percent to 82.1 from a reading of 80.4 [...]

Slight Drop in Nashville Mortgage Rates

April 21, 2009 by admin · 1 Comment 

Freddie Mac reports a drop in the 30-year fixed mortgage rate to 4.82 percent during the week ended April 16 from 4.87 percent the prior week, while interest on 15-year fixed loans fell to an average of 4.48 percent from 4.54 percent. The five-year hybrid adjustable mortgage rate slipped to 4.88 percent from 4.93 percent, [...]

Pending Home Sales Holding in Stable Range

December 18, 2008 by admin · Leave a Comment 

According to the NAR: Pending home sales eased against a deteriorating economic backdrop but remain in a stable range, according to the latest national survey. The Pending Home Sales Index slipped 0.7% to 88.9 from an upwardly revised reading of 89.5 in September, and is 1.0% below October 2007 when it was 89.8. Lawrence Yun, [...]