The great freeze that is covering 2/3rds of the United States has reached as far south as Nashville TN
. The temperatures have reached as low as 10 degrees which is well below the seasonal lows.
The weather hasn't stopped the interest in Nashville real estate if the number of inquiries to the newly redesigned web site. Normal registrations would be around 10-15 a day but since the launch of the new site on January 5th we have been averaging around 50 new inquiries a day.
The market is Nashville is still showing signs of a steady recovery with the REMAX Elite head office reporting a record number of closings for December 2009 and January 2010.
The release today of unemployment figures n the US staying at 10% may have a slight impact in the consumer confience but there is an under current of optimism that seems to adding to the potential of the recovering USA economy.
The coming months should see the market taking advantage of the Government incentives for first time home buyers and now applying to existing homeowners.
Overall, the recession is considered to have started in December 2007, and the recovery will take some time but the progress is slow but steady and as more of the economic indicators show positive signs the growth will continue which will filter down to consumer confidence and the real estate market.