Nashville Real Estate Blog - Blog Archive: October, 2010

information relating to real estate in Nashville Tennessee

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

Found 4 blog entries for October 2010.

As the real estate market in the USA and the world in general feels the after effects of the global economic downturn the number of home that have been foreclosed on continues to impact the real estate markets. As the bank owned property comes on to the market the perceptions of the buyers is that these homes represent good value and that the banks are really wanting to get the inventory off their books.

Lowball Offers

The number of homes on the market and the perception of the banks willingness to deal with any offer has led to a number of lowball offers from buyers that have actually been accepted by the bank. This then effects the foreclosure market in a number of ways both direct and indirect. The downward pressure on the real estate market as a

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In a Harris Poll, Nashville tied for 7th Place nationally as the city where "most would like to live in or near to"

A new Harris poll finds that more people would like to live in or near New York City than any other city. San Diego is the second most popular city, followed by Las Vegas. The next most popular cities are Seattle, San Francisco, Los Angeles, Nashville, Atlanta, Denver and Boston. The Harris Poll has asked this question almost every year since 1997. New York has been the most popular city in every year except in 1998 when it placed second behind San Francisco.

This reflects the real estate market trends in Nashville TN as during the boom Nashville had a steady growth as apposed to some of the more popular parts of the country and post

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I have my self signed up for any breaking news stories from NPR and CNN and occasionally we get some good news that shows some positive signs for the economy and indirectly the real estate market in the USA.

Heres what I got today from NPR!

NPR BREAKING NEWS:

Government Reports $1.3 Trillion Budget Deficit

The deficit was $122 billion less than last year, a modest improvement.

Hopefully, as people see the historically low interest rates, and the signs of the economy slowly improving, the consumer confidence will return. People will start to realize that maybe now is a good time to buy and start to investigate how the homes for sale trends are developing.

As more and more people start to consider to buy a home and stop renting etc this will

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October 7, 2010 - The Williamson County Association of REALTORS® in Franklin TN announced the statistics for home sales in Williamson County, TN for the month of September 2010.

There were 232 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 5.7% percent compared to September 2009, but decreased by 11% percent compared to August  2010 statistics for the number of homes sold in Williamson County. 

The average days on the market (DOM) for residential homes decreased by eleven (11) days for residential and increased by twenty-three (23) days

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