There were 2,416 homes sold in the month of June, according to figures provided by the Greater Nashville Association of REALTORS®.  This is a figure that is up 15.5 percent compared to the results for sales in June 2009 of 2,09.

The 2nd quarter numbers are also up showing an invrease of just under 25% which equates to  6,831 closings compared to the precious period last year which had 5,478 closings. 

The actual closings from January 2010 to the end of June 2010 in the Greater Nashville area show an increase of 19.3 percent with equals 11,023  as compared to 9,240 closings for the same period last year.

“The current home sales data for Greater Nashville and Middle Tennessee show encouraging signs for our market,” said GNAR*

Important information on condominium requirements.

Investors are now requiring condo purchases to carry both building insurance (usually covered by the HOA) and content insurance.  It is called an HO6 policy or better known as a renter’s insurance policy.

The reason for this is, the insurance provided by the HOA will only replace the unit to its original quality per specifications.  It WILL NOT cover any upgrades (such as hard wood floors, granite counter tops, etc) that the owner may have added or may add at a later date. 

Renter’s insurance can run anywhere from $25 to $75 a month (or more) depending on the personal property the individual has.

The good news is most people get this anyways because they want their furniture,