Nashville Real Estate Blog - Blog Archive: June, 2010

information relating to real estate in Nashville Tennessee

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June 2010

Found 3 blog entries for June 2010.

There has been talk of Nordstrom coming to Nashville for a few years now but according to the Mall at Green Hills website construction has begun and the completion date has been set for October 2011.

Green Hills has long been recognised as home to some of the more famous names in the retail arena such as including Tiffany & Co., Louis Vuitton, Burberry, Juicy Couture, Kate Spade, Sephora, Brooks Brothers etc

This will surely be a welcome addition the Green Hills/Belle Meade residents and area shoppers who will now be able to shop in style in Nashville instead of having to travel to LA for the Nordstrom experience.

The web site Green Hills Mall has all the official information and more information about the additional parking and stores that will

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Williamson County

June 10, 2010 (Franklin, TN) - The Williamson County Association of REALTORS® announces the statistics for home sales in Williamson County, TN for the month of May 2010. There were 318 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 over forty-five (45) percent compared to May 2009, while the median sales price experienced an increase of over three (3) percent.  The median is a typical market price where half of all homes sold for more and half sold for less.  The average days on the market (DOM) for residential homes

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The Federal Housing Administration is just now making the necessary moves in order to implement its stricter concessions policy this summer, according to a May 28 story in the Daily Herald (Chicago suburbs).

 

 

 

In January, the FHA said it would reduce seller concessions from 6 percent to 3 percent, with the intention of forcing sellers to cut back on the practice of providing buyers with tangible incentives to purchase a property.

 

 

 

Limiting the percentage of seller concessions allowed will bring the FHA’s policies more in line with those of Fannie Mae and Freddie Mac, both of whom generally limit seller concessions to 3 percent. 

 

 

 

Prior to the revised FHA policy taking effect, however, the agency still

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