Nashville Real Estate Blog 
Nahville TN February Home Sales
Tuesday, March 9th, 2010 at 1:09pm. 42 Views, 0 Comments.
according to Greater Nashville Association of Realtors-
February is Fifth Consecutive Month of Increase in Home Sales
There were 1,308 home closings in Greater Nashville during February, representing a 3.2 percent increase from the 1,267 closings reported during February of 2009. The number of pending sales also continues to rise with 1,614 sales pending at the end of this February compared to 1,452 in February of last year.
The median residential price in February was $159,900 for a single-family home and $149,950 for a condominium. That compares with median prices of $160,000 for residential and $151,120 for condominiums in February of last year.
Inventory is up to 23,159 compared with 23,122 in February of…
New Home Sales Hit Record Low In January 2010
Friday, February 26th, 2010 at 12:04pm. 41 Views, 0 Comments.
The Commerce Department recently reported that new home sales in the US have hit the lowest rate on record dating back to 1963. The January report of was the third straight month-month drop. New homes sales for January 2010 are down 6.1% percent from January 2009 which was the previous record low. Some experts are attributing the drop in sales to the pendiong expiration of the home buyers tax credit. The weather may have played a bit of a roll as well.
read more here RIS Media
DECEMBER HOME SALES INCREASE OVER 13 PERCENT
Monday, February 22nd, 2010 at 1:52pm. 47 Views, 0 Comments.
DECEMBER HOME SALES INCREASE OVER 13 PERCENT
4th Quarter Shows Significant Increase; Year-end Status Improves Dramatically From Mid-Year Conditions
There were 1,612 home closings in Greater Nashville during December, representing a 13.3 percent increase from the 1,422 closings reported during December of 2008.
During the 4th quarter there were 5,730 closings in the region, which is a 29.8 percent increase over teh 4,413 closings in the 4th quarter of 2008.
And, there were 21,183 closings at year-end for 2009, which is 12.6 percent lower than the 24,246 closings for 2008.
The median residential price in December of this year was $164,000 and for a condominium the median price…
GNAR REPORTS GREATER NASHVILLE HOME SALES INCREASE MORE THAN 50 PERCENT IN NOVEMBER
Monday, February 22nd, 2010 at 1:50pm. 30 Views, 0 Comments.
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GNAR REPORTS GREATER NASHVILLE HOME SALES INCREASE MORE THAN 50 PERCENT IN NOVEMBER
There were 1,973 home closings in Greater Nashville during November, representing a 58.7 percent increase from the 1,243 closings reported during November of 2008. And, there have been 19,571 closings so far in 2009, which is 14.3 percent lower than the 22,824 closings for the same period in 2008.
The median residential price in November of this year was $158,500 and for a condominium the median price was $144,400. That compares with median prices of $165,500 and $150,000 respectively in November of last year.
Inventory is down to 22,528, compared with 23,467 in November of 2008. You can… |
October Greater Nashville Home Sales Up 22.7 Percent
Thursday, November 19th, 2009 at 6:54pm. 42 Views, 0 Comments.
GREATER NASHVILLE HOME SALES UP 22.7 PERCENT
Major increase in closings is first since October 2006
By GNAR http://www.gnar.org/mlsrelease.htm
There were 2,145 home closings reported for the month of October, according to figures provided by the Greater Nashville Association of REALTORS®. This figure is up 22.7 percent from the 1,748 closings reported for the same period last year. This is the first time since October of 2006 that Greater Nashville home sales have recorded and increase in home sales on a year-to-year comparison for the month.
Year-to-date closings through October are 17,598, and 18.4 percent decrease from the 21,581 closings reported through October 2008.
“It is truly welcome news that home…
$8,000.00 Tax Credit has been Extended through 2010
Friday, November 6th, 2009 at 9:27pm. 768 Views, 2 Comments.
It’s official! President Obama has signed a bill that extends the tax credit for first-time homebuyers (FTHBs) into the first half of 2010. In addition, the extension also opens up opportunities for others who are not buying a home for the first time.
TAX CREDIT OVERVIEW
Who Gets What?
First-Time Homebuyers (FTHBs): First-time homebuyers (that is, people who have not owned a home within the last three years) may be eligible for the tax credit. The credit for FTHBs is 10% of the purchase price of the home, with a maximum available credit of $8,000
Single taxpayers and married couples filing a joint return may qualify for the full tax credit amount.
Current Owners: The tax credit program now gives those who…
Tennessee Foreclosures Still on the Rise
Tuesday, October 20th, 2009 at 6:24pm. 56 Views, 0 Comments.
Tennessee Foreclosures Still on the Rise
As reported at this week's Governor's Housing Summit:
*** BEGIN QUOTE ***
Foreclosures are still on the rise in Tennessee. In the second quarter of 2009,
Tennessee reported 10,477 foreclosure filings, a one percent increase from the
previous quarter (Q1_09). There
was one foreclosure filing for every 260 households, which puts Tennessee in
21st place in the nation. Within the state, Shelby County
ranked as number one among all counties in Tennessee both in terms of ratio (1
foreclosure filing for every 106 households) and in terms of total number of
foreclosure filings (3,769 foreclosure filings).
*** END QUOTE ***
The national…
$8,000.00 tax credit NO MORE??
Friday, October 9th, 2009 at 9:52pm. 62 Views, 0 Comments.
$8,000.00 tax credit NO MORE??
Can it be that the one positive push to the housing market will just vanish in the next 60 days?
That's right folks. The $8,000.00 federal tax credit (gift) to first time home buyers will end November 30th 2009. The housing market has been on fire the past few months as hoards of hungry Nashville home buyers scurry to get in the housing market. Why Not? The time has never been better with historically low interest rates currently sitting at or near 4.8%. Selection is at all time highs and home prices at lows. It seems everything is on sale presently. Then to beat it all the federal government is hanging an $8,000.00 carrot out there for you to just jump out and grab.
What will the market be like after November 30,…
Launch of MusicCityRE.com
Monday, September 21st, 2009 at 3:21pm. 64 Views, 0 Comments.
Finally the website is out in the world for all to see. Yet the work has only just begun! In the future months many pages are scheduled to be added highlighting the wonderful communities surrounding the greater Nashville area. Also the Muisc City Blog will will grow full of information regarding some of the very hot topics currently swirling around the Nashville real estate market. MusicCityRE.com will strive to serve buyers and sellers of real estate in Middle, TN with the same great customer service our clients recieve offline. Be sure to check back often for new additions to the site. If you have any comments or suggestions we greatly appreciate your input and are thankful for your suggestions on how we can serve our community better.
