Nashville Real Estate Blog - Blog Archive: February, 2010

information relating to real estate in Nashville Tennessee

Nashville Real Estate Blog - Blog Archive: February, 2010 Close
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February 2010

Found 4 blog entries for February 2010.

The good news is that the real estate investors that have been buying and rehabing or renovating FHA property can now turn around and sell the property as soon as it is ready for the market. In the past they have had to wait 90 days. There are some restrictions on the lifting of the ban. See the release below.

Here is the actual release from the FHA:

*** BEGIN QUOTE ***
"FHA borrowers, because of the restrictions we are now lifting, have often been shut out from buying affordable properties," said FHA Commissioner David H. Stevens. "This action will enable our borrowers, especially first-time buyers, to take advantage of this opportunity."

The waiver will take effect on February 1, 2010 and is effective for one year, unless otherwise extended or

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Here is some new sales data release by the Greater Nashville Association of Realtors that shows that the new year has got off to a good start in terms of property being sold in Nashville. The figures show another increase which all points to the slow and steady revival of the real estate market in Nashville. The tax incentives for first time homebuyers, and now existing homeowners, has helped fuel the interest in buying real estate again as well as the historically low interest rates.

Hopefully this growth in consumer confidence will be reflected across the entire Unites States real estate market which will inturn lead to the increased demand for consumer goods, leading to a reduction in the unemployement rate and consquently increaseing the ublics

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Just released!! The housing statistics from Williamson county which includes Brentwood and Franklin TN. Overall the figures show a positive growth in sales and a reduction in the average sales price compared to last year. Still a great time to be a buyers in Williamson County!

                                  #### January 2010 Housing Sales

 

February 8, 2010 (Franklin, TN)-The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of January 2010.

There were 123 residential and condominium closings reported for the month of January, according to figures provided by RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle-Tennessee

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The Tennessean today reported that an area of The Gulch that was previously bought by a developer in 2006 and 2008 for $3.45M sold for about half the original sales price for $1.75M

The original developer bought the 1.23 acre property on the east side of 12th Avenue South between Pine and Laurel streets as part of the property boom in 2006 when the potential for building and selling condos was in full swing. Now that there has been a downturn in the real estate market in general, the price developers are willing to pay has seen a significant reduction.

The good news is that this purchase shows another sign of the recovery of the real estate market in Nashville. Investors who are willing to speculate on buying property that would still require

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