Market Update for May 2021, Greater Nashville

NASHVILLE, Tenn. (June 8, 2021) – Data for the month of May showed 4,063 home closings, according to figures provided by Greater Nashville Realtors. This figure indicates a 24 percent increase from the 3,267 closings reported for the same period last year. “This type of increase shows how quickly our area’s home inventory is going under contract and closing," said Brian Copeland, Greater Nashville Realtors president. "Buyers must remember, there are great homes out there. You can’t sit on the sidelines as prices and interest rates rise, but [...]

By |2021-06-12T13:21:58-05:00June 12th, 2021|Market Trends, Updates|

Market Report: Week of May 18, 2020

The housing market nationally is picking up. Zillow reports new listings grew 5.9% week-over-week, with the hard hit highest price tier up 8%. New listings are still down annually, but have gained now three weeks in a row. Also growing smaller are the year-over-year declines in purchase mortgage applications. Week-over-week, national purchase mortgage activity has shown gains of 12% and 6% the past two weeks. A new study reveals Google searches for "homes for sale" in 50 metros increased an average of 54% from 2020 lows. Freddie [...]

By |2020-05-18T08:30:28-05:00May 18th, 2020|Market Trends, Updates|

Market Update, Week of January 13, 2019

Fannie Mae's Home Purchase Sentiment Index rose in December, close to its record high. Of those surveyed, 59% say it's a good time to buy, up 16% versus a year ago, while 65% think it's a good time to sell, up 7% from last year. The Fed's Flow of Funds report pegged the value of all owner-occupied homes at a record $29.2 trillion in Q3, 21% higher than the peak reached in 2006. But prices rose at a slower pace than the year [...]

By |2020-01-14T14:07:19-06:00January 14th, 2020|Market Trends, Updates|
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