Nashville Real Estate Blog - Blog Archive: August, 2016

information relating to real estate in Nashville Tennessee

Nashville Real Estate Blog - Blog Archive: August, 2016 Close
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August 2016

Found 6 blog entries for August 2016.

Buying a Home in NashvilleWhether it’s being named one of the the friendliest cities in the world or being mentioned as one of the best places to look for a job right now, the city of Nashville is continuing to gain national (and international) recognition for a variety of different reasons. 

As we inch closer to the end of summer and gear up for the busy fall season, national financial website WalletHub is also taking notice in Nashville’s red hot real estate market, naming it one of the best large cities to buy a home in 2016. 

The study, which is based on 16 different financial categories like median home price appreciation, the percentage of homes selling for a gain, and rent-to-sale price ratio just to name a few, ranks Nashville as the 3rd best big city to buy a home,

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Luxury Real Estate Market in NashvilleAlthough just about every segment of the Nashville real estate market is thriving right now, sales of homes priced $1 million and over dropped 4% last month nationwide, according to recently released numbers from the National Association of REALTORS®. 

While NAR’s chief economist attributes the decline to stock market volatility seen right around the time of Brexit, other housing experts are starting to wonder if a slowdown is on the way for luxury housing through the U.S. 

Places like San Francisco, the Hamptons, and some of Seattle’s hottest suburbs have all seen fairly significant drops in home values, with San Francisco easily seeing the most significant decline of 11%. 

But as the luxury real estate market softens a bit, home building

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Every year we see various publications rank some of the best places to live in the U.S., best places to work in the U.S., and so on down the line. And although it’s hard to quantify what these rankings really mean in the grand scheme of things, it’s still nice to see Nashville continue to get recognition for everything it has to offer. 

Earlier in 2016, Forbes ranked Nashville as one of the best big cities in the country for job growth right now, while Credit Sesame mentioned Music City as one of the best places in the U.S. for young home buyers looking to finally make that long awaited transition from renting to owning. 

As we continue to push through a year that’s really seen a lot of positive growth in so many different ways, Nashville is

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Tiny Home Trends Are tiny houses the trend of the future? Are micro apartments even livable? What does the future hold in terms of size and price?

The American family home has increased substantially in size in the past 40 or so years, according to the U.S. Census Bureau.

In that same period of time, the number of persons per household has decreased, so no matter how you look at the statistics, the average space each person in this country occupies, has increased in the years since 1973.

In that year, the average single family home contained just 1,660 square feet. In 2015, the average was 2,687 square feet. In 1973, the average family size was 3.01 in that average home.

Now? The average is down to 2.54 in the average house. The median numbers show

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Cool Springs New ConstructionAs first reported by The Tennessean last week, a joint venture between Denver-based Northwood Investors and Boyle Investment Co. could bring a massive $270 million mixed-use development to one of Cool Springs’ largest undeveloped tracts. 

What would occupy a 45-acre site that sits just west of Interstate 65, the new project could include as much as 750,000 square feet of office space, over 100,000 square feet of retail space, a 150-room hotel, and up to 580 luxury apartment residences.

Although infrastructure plans still need to be submitted to the city of Franklin, site work could actually start before the end of the year. Overall, the new development is expected to be built out in several different phases, starting with 165,000 square feet go

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Nashville Real Estate NewsIt’s been a scorching hot year for the Nashville real estate market so far, but for just the second time in the past 12 months, home sales in Middle Tennessee were on the decline last month. According to recently released numbers from The Greater Nashville Association of Realtors, the market saw 3,705 home closings in July, which is down 3.3% from July of 2015. The last drop in sales came all the way back in November when the number of transactions was also down just over 3% as well. 

For the most part, the recent dip in Nashville home sales is hardly a concern. The number of pending sales in the Nashville area is still at a high level, and the incredible pace at which we’ve been seeing homes sell in Nashville and many of its suburbs wasn't going to

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