Mw

07/27/2022

Couple thoughts on the real estate market:

1. Total housing inventory registered at the end of June was 1.26 M units, an increase of 9.6% from May and a 2.4% rise from June 2021 (1.23 million).

2. Blackstone has put together over $30 billion in the past quarter for its 'real estate opportunistic fund', a possible indicator in the confidence in future real estate valuations ....and potential opportunity purchases?

3. As fewer people buy due to high home prices and interest rates, rental demand will rise. Construction of multifamily homes rose by 15% in June.

Prediction and reality: Home prices probably won't drop significantly enough to make them as affordable compared to the last year. Rates also most likely won't go back down to 3%. Rental rates will rise significantly due to more demand. Blackstone will buy more homes with their fund, and rent those homes with higher rates due to rental demand rising.

But, competitiveness has dropped in the housing market (for the most part), so buyers still looking to purchase may not face multiple offers, waving inspections, and covering appraisal gaps...which is a positive note for buyers.

Not the best picture for those renting, or those looking to buy, but it seems to be the reality at the moment.

Am I wrong? Would love to hear your thoughts as well....

07/22/2022

New team listing!

Adorable, like-new home in the quiet Heritage Hills neighborhood! Conveniently located to both Nashville and Mount Juliet, with easy access to all the fun at Percy Priest Lake and Cumberland River! Enjoy a spacious kitchen w/ granite countertops and stainless steel appliances, formal dining off of the living room and a huge owner's suite w/ tray ceilings and en-suite bathroom.

Sip coffee on the covered back patio, and let the pups roam in the large fenced in backyard! Big plus: Enjoy two HVAC units to beat this summer heat! 4th bedroom can be used as a bonus room. Furniture negotiable.

07/21/2022

New market data coming out from June, and there definitely have been some changes to the market.

Right now, we are seeing more inventory sit on the market longer, which is presenting a better opportunity for buyers to avoid competitive situations. Understandably, rates rising makes home less affordable, but compared to the past 6 months it is less competitive to get homes.

Prices are remaining high, and rising month over month, but I'm interested to see how prices react in July.

Closed sales and Active listings are down in June as compared to last year, but I'm seeing more inventory rising in July already.

07/10/2022

New Team Listing & Open House Today 7/10!

Located in Old Hickory, right by Hermitage Golf Course and Blue Turtle Bay Marina
3 beds / 2 baths 1,308 Square Feet
Listed at $355,000!
Large Pool in the Backyard.

Fantastic 1 level home tucked away in a quiet Old Hickory neighborhood. 3 bedroom / 2 baths with a fabulous above-ground pool with wrap around decking and additional storage for all your entertaining and summertime fun activities. Stainless appliances in the eat in kitchen (fridge & stove are brand new). Primary ensuite with trey ceilings & walk-in closet. Hardwoods throughout less the primary. Located on a flat lot in a cul-de-sac & doesn't have an HOA! An absolute must see!

07/04/2022

Love seeing these new projects come together, especially in East Nashville.

As one of the most desired areas in all of Nashville. East Nashville is a great spot for new apartments/condos/housing, especially with amenities.

Looking forward to seeing this and others get finished.

Visit the post for more.

06/30/2022

03/02/2022

Nashvilles outdoor game was amazing. Bit colder than expected, but ended up fighting through it!

Hard to think that the city is exploring building an indoor football stadium to compete for a Super Bowl, and will miss out of future events like this!