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.”

Home buyers are gaining the upper hand in Nashville as demand continues to trend down this year.

Home appreciation has slowed nearly every month since last fall, following year-over-year double-digit growth from 2016 to mid-2018. In March, price growth mellowed to roughly the same rate as the national average of 6.6 percent.  Average home values grew by 6.8 percent in March, compared to the year prior when prices jumped 11.2 percent over March 2017.  The decrease, aContinue reading “Home buyers are gaining the upper hand in Nashville as demand continues to trend down this year.”

2019 Real Estate Forecast: What Home Buyers, Sellers And Investors Can Expect

There’s no doubt about it: the 2018 housing market has seen its ups and downs. The year started with sky-high home prices, historically low mortgage rates and a definitive upper hand for sellers. In recent months though, home price growth has faltered, rates have risen to their highest point in nearly eight years, and favorContinue reading “2019 Real Estate Forecast: What Home Buyers, Sellers And Investors Can Expect”