The Cooldown: How Nashville Could Become a Buyer’s Market in 2023

Like many major cities across the country, the Nashville metro area real estate market has cooled considerably over the past six months. Once considered one of the hottest housing markets in the country, Nashville is now experiencing a major slowdown in home-buying activity, along with sustained inventory growth. What does this mean for 2023? AmongContinue reading “The Cooldown: How Nashville Could Become a Buyer’s Market in 2023”

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Current Mortgage Rates, September 29, 2022 | Rates March Closer to 7% in Week After Federal Reserve Hike

Mortgage rates have changed dramatically since the start of the year. The average rate for a 30-year fixed rate has doubled since sitting around 3% this time a year ago. High inflation is a major cause of rising rates, along with the Federal Reserve’s increases to its own interest rate to quell that high inflation.Continue reading “Current Mortgage Rates, September 29, 2022 | Rates March Closer to 7% in Week After Federal Reserve Hike”

Housing Affordability Conditions Take a Hit in March

At the national level, housing affordability declined in March compared to the previous month according to NAR’s Housing Affordability Index. Compared to the prior month, the monthly mortgage payment increased by 9.7% while the median family income increased by 1.1%. Compared to one year ago, affordability declined in March as the monthly mortgage payment climbedContinue reading “Housing Affordability Conditions Take a Hit in March”

What to expect from the housing market in 2022: Another sellers’ market

Between inflation, supply chain woes and higher prices, it’s going to be a tough market for homebuyers. The last 22 months have been some of the wildest in real estate history, as the COVID-19 pandemic accelerated the speed and intensity of recent trends. Home prices surged to record-breaking highs. Interest rates dropped to historic lows. And,Continue reading “What to expect from the housing market in 2022: Another sellers’ market”

HOW TO APPLY MIND CONTROL TO YOUR REAL ESTATE BUSINESS: It All Starts With Your Brain

HOW TO APPLY MIND CONTROL TO YOUR REAL ESTATE BUSINESS: It All Starts With Your Brain – Kindle edition by Lisa Marie Grimes Did you know that your thoughts are filled with energy that complies to law’s. Experts estimate that the mind thinks between 60,000 to 80,000 thoughts a day. Of those thousands of thoughtsContinue reading “HOW TO APPLY MIND CONTROL TO YOUR REAL ESTATE BUSINESS: It All Starts With Your Brain”

Coronavirus sows uncertainty in Nashville housing market

Although real estate has been designated an essential industry, health and safety is at the forefront of people’s minds right now, even motivated sellers and serious buyers.  “We will see a drop off in activity, period,” said Checko of RE/MAX Advantage. “But the silver lining for buyers and sellers is that people that are activeContinue reading “Coronavirus sows uncertainty in Nashville housing market”

Nashville’s housing market is cooling. Here’s what you need to know.

After two years of historic year-over-year home value jumps in the greater Nashville market, a cooling trend has taken hold. NASHVILLE TENNESSEAN Sellers are dropping prices, buyers are getting more concessions and competition for properties has eased.  The trend began in the fall, and continues to deliver progressively lower gains to home prices each quarter. Home owners are still enjoying risingContinue reading “Nashville’s housing market is cooling. Here’s what you need to know.”