Retune Nashville is a new non-profit organization that recently formed in order to help the hard working musicians of Nashville—a lot of whom have lost instruments, performance spaces, and homes during the flood. Many of these musicians were uninsured, and have now lost their primary source of income.

To help, Retune Nashville is collecting water-damaged instruments, and reconstituting them as art pieces. They will exhibit the finished art pieces and auction them off, with all money going to "directly benefit Nashville’s working musicians through Music Cares Nashville Flood Relief and The Nashville Musicians Association Flood Relief Fund."

Retune Nashville is currently accepting donations of instruments and related parts like strings and gears.

This was just released today from Realtor.org. Looks like even with some of the negative news about the jobless things seem to showing signs of a national economic recovery. Housing is such a catalyst for the nations economy that this sign of increased sales will be see as a very positive indicator for the recovery of the nations economy in the USA.

WASHINGTON (May 24, 2010)

Existing-home sales rose again in April with buyers motivated by the tax credit, improving consumer confidence and favorable affordability conditions, according to the National Association of Realtors®.

Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 7.6 percent to a seasonally adjusted annual

Congress is considering several changes to the federal tax code that would have a negative impact on the real estate industry and further delay its recovery. 

The first would require owners of rental property to file IRS 1099 forms for all contractors they pay $600 or more within a given year.  This provision would apply to all landlords and investors, regardless of the number of rental properties owned.

In addition, Congress is considering taxing "carried interest" at ordinary income rates instead of capital gains.  Carried interest rules govern how general partners in real estate investments pay taxes after an investment is sold.

Click HERE for information about the impact of these proposed changes.

 Source: Williamson County Association of Realtors

Kevin Mazur/WireImage

One of the best things about living in Nashville is the people. Even as homes are destroyed and loved ones lost, an amazing sense of camaraderie has taken over Nashville. Residents are pitching in to help one another, and many of Nashville's most high profile natives are using their fame to bring attention to the crisis in Middle Tennessee.

Reba McEntire donated $100,000, as did Vince Gill and his wife Amy Grant. Gill also headed “Working 4 You: Flood Relief with Vince Gill & Friends,” which featured stars like Keith Urban, Alison Krauss, and Naomi Judd, and raised $1.7 million. During the telethon, Taylor Swift called in, and donated a whopping half a million dollars to relief efforts. There was also the Clear Channel Cares

Monthly Sales Report

April 2010

Just released from Williamson County Association of Realtors

Williamson County Association of REALTORS® Announces April 2010 Sales Statistics

May 12, 2010 (Franklin, TN) - The Williamson County Association of REALTORS® announces the statistics for home sales in Williamson County, TN for the month of April 2010. There were 281 residential and condominium closings reported during this period according to figures provided by RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle Tennessee region.
 
The number of single-family residential closings increased by almost fifty (50) percent compared to April 2009, while the median sales price experienced a decrease of twenty-seven

Here is a message from Matt Magallenes of Southern Land Company.

This link will enable people in Nashville and around the counrty, and the world, to be able to help in some form or other.

 Nashvillest

Flood Damage Will Increase Demand

In a cruel twist of fate, Mother Nature may be responsible for kick starting the construction business in Nashville and also contributing to the increase in property values of homes in Nashville and the surrounding communities.

Much the same as Florida suffered natural disasters that wiped out a lot of the homes in certain areas in the late 1990s and early 2000's, the simple laws of supply and demand came into play. As the amount of available housing was removed due to the devastation associated with the hurricanes the demand for homes suddenly increased. The difference in Florida was that most people had to cover their homes with flood and wind insurance. In this respect there is a big difference because the majority

As most of you already know Nashville and it's residents have been severly impacted by flooding on a scale that is still being evaluated.

The full implications of the devastation to home owners and builders alike is going to slowly come to light as the stories about the affects of the floodstart to come through.

The biggest impact is obviously being felt buy the home owners who lived in areas that were deemed safe from flooding and as a result didn't need to carry flood insurance. The problem for these people is how do the deal with total loss. Who do they turn to for help and support? What they really need is financial aid to help them through the tough times until they can at least renovate and repair their homes or find new accomodation.

The