January 2021 Market Update, Greater Nashville Area

Home Sales Remain Strong in New Year NASHVILLE, Tenn. (Feb. 8, 2021) – According to Greater Nashville Realtors, home sales closed out at 2,745 closings reported for the month of January. This figure is up 4 percent from the 2,632 closings reported for the same period last year. “January’s numbers show the power of the Greater Nashville market. Many of these homes went under contract during the holiday season which is stereotyped as a subprime time to sell. As Realtors continue to remind their [...]

By |2021-02-20T17:00:09-06:00February 11th, 2021|Market Trends, Updates|

Market Update Week of March 30, 2020

Another report portrayed a solid housing market as we work with the coronavirus slowdown. New Home Sales, off 4.4% in February, were up a strong 14.3% versus a year ago, at a 765,000 annual rate. To help keep the home buying process moving, Fannie Mae and  Freddie Mac are easing standards for property appraisals and verification of employment on some loans. Please contact us for the specifics. As low mortgage rates keep motivating buyers, they're addressing health concerns by viewing virtual tours before visiting [...]

By |2020-03-30T09:27:35-05:00March 30th, 2020|Market Trends, Updates|

Market Update, week of December 9, 2019

The week before last, the Federal Housing Finance Agency raised conforming loan limits for next year, then last week the FHA upped its 2020 limit on loans with down payments as low as 3.5% to $331,760 for most of the country.   Limits are based on an area's median home price, so about 70 "high-cost" counties get limits of $765,500. With high building costs, Alaska, Hawaii, Guam, and the U.S. Virgin Islands get a $1,148,400 limit. Please contact us for details.  The latest National Association of Realtors forecast sees single-family [...]

By |2019-12-09T09:39:05-06:00December 9th, 2019|Market Trends, Updates|

National Market Update Week of Nov 25, 2019

Rebounding in October, Existing Home Sales grew 1.9% to a 5.46 million annual rate, up 4.6% from a year ago, extending the general upward trend since January. The only negative was another year-over-year drop in inventory. But builders are helping out, as Building Permits for single-family homes have risen six months in a row, hitting a new post-recession high in October. Housing Starts also gained for the month, now up 8.5% over a year ago. No surprise that the National Association of Home Builders reported builder confidence near the highest [...]

By |2019-11-25T12:03:41-06:00November 25th, 2019|Market Trends, Updates|
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