Mortgage rates are certainly below the level which normal spurs buyers to begin buying again, but the economy will stop all of those who are not buying out of necessity. We look for rates to continue to soften all the way through the middle of next year. If the economy can even show a glimmer of hope by Spring 2009, there very well could be a mini real estate boom in the Nashville area!
Until then, the Nashville rental market will continue to have its up and its downs as will the real estate auction market.
If you enjoyed this post, you may also enjoy:
Mortgage Rates Drop Below 5% Again
Fixed Mortgage Rates Rise Slightly
Nashville Mortgage Rates Drop Below 6%