Nashville Real Estate Market Hits New Milestone in April
Nesting In Nashville Real Estate Blog
by Stephanie Crawford
7h ago
See The Stats The Nashville Median Home Sales Price Surpasses $500,000 The Nashville real estate market achieved a remarkable feat in April, setting a new record despite the challenges posed by declining sales volume and rising interest rates. The median sales price in the Greater Nashville area has exceeded $500,000 for the first time. This milestone underscores some of the unique dynamics at play in the Middle Tennessee MSA, which encompasses Davidson County and its eight surrounding counties: Cheatham, Dickson, Maury, Robertson, Rutherford, Sumner, Williamson, and Wilson. Factors Driving t ..read more
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Down Payment Assistance Programs for Nashville Home Buyers
Nesting In Nashville Real Estate Blog
by Stephanie Crawford
1M ago
As realtors in Nashville, we know that saving for a down payment is one of the biggest challenges to homeownership, especially for low-to-moderate-income buyers. Thankfully, The Housing Fund, in conjunction with Amazon, offers two excellent down payment assistance programs that can provide vital help. Down Payment Assistance Loans Up to $35,000 The Housing Fund’s Down Payment Assistance program offers affordable loans up to $35,000 to cover the down payment, prepaids, and closing costs. To qualify, home buyers must: – Use the home as their primary residence – Get approved for a first mortgag ..read more
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Staying Connected With The Market (Even When You’re Not Buying or Selling)
Nesting In Nashville Real Estate Blog
by Stephanie Crawford
1M ago
As your real estate partners in Nashville, our goal is to be a trusted resource for all things related to homeownership – not just during the buying or selling process. Even if you’re not actively looking to move, there are several valuable services we can provide to keep you informed and make your life just a little bit easier. Home Value and Equity Updates Knowledge is power when it comes to your biggest investment – your home. We can set up monthly or quarterly home value reports sent straight to your inbox. These cover your current estimated home value, equity position, and how your home ..read more
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Nashville Real Estate Commissions
Nesting In Nashville Real Estate Blog
by James Crawford
1M ago
Real Estate is dynamic rather than static—markets shift, rules change, and the way we do business is constantly in flux. Recent national discussions have spotlighted real estate commissions, leading to significant changes that will take effect in mid-July. We want to offer you our experience and perspective to guide you through these changes and ensure your home-selling experience is both profitable and seamless. Our Approach to Listing Commissions We pride ourselves on transparency and fairness, which is why we offer a competitive 2% listing commission, only payable upon the successful sale ..read more
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Impacts of DOJ-NAR Settlement on Nashville’s Real Estate Market and Minority Communities
Nesting In Nashville Real Estate Blog
by James Crawford
1M ago
By now, most folks know that changes are likely coming soon with real estate commission structures in Nashville and beyond. While some celebrate the settlement between the DOJ and NAR and heralding it as a win for consumers, others aren’t so sure. As in most things, a nuanced view of the situation is probably the most useful. One of the groups opposed to commission changes is the National Association of Real Estate Brokers (NAREB). Dr. Courtney Johnson Rose, president of NAREB, which represents Black and minority Realtists who work primarily with Black clients, fears “the impact for Black a ..read more
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Understanding the NAR Commissions Settlement: How It Impacts Nashville Real Estate Transactions
Nesting In Nashville Real Estate Blog
by Stephanie Crawford
2M ago
The recent settlement between the National Association of Realtors (NAR) and various legal challengers has sent ripples through the real estate industry, with wide-ranging implications for everyone from first-time homebuyers to seasoned agents in Nashville and beyond. As we navigate these changes, it’s essential to understand both the immediate effects and the broader implications for the future of real estate transactions. Here’s a comprehensive overview, blending new insights with our previous discussion to create an informative guide for our blog readers. Understanding the NAR Settlement ..read more
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Navigating Change in Real Estate Commissions: A Conversation on Current Buyer Commission Lawsuits
Nesting In Nashville Real Estate Blog
by Stephanie Crawford
4M ago
Introduction: Recently, the real estate industry has been buzzing with discussions and legal actions surrounding traditional commission structures. Today, we delve into the ongoing lawsuits that challenge the established norms and explore the potential shifts in how real estate transactions might unfold.   The Traditional Commission Setup: Traditionally, Realtors are compensated through commissions, a negotiable percentage typically ranging from five to six percent, which is often split between the buying and selling brokerages. Sellers agree to pay this commission when listing a proper ..read more
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How’s The Market? ? September ’23
Nesting In Nashville Real Estate Blog
by Stephanie Crawford
9M ago
Hello, Davidson County residents and future neighbors!  Today, we’re diving into the most recent real estate metrics—specifically, the August 2023 statistics for Davidson County, TN. Let’s uncover what these numbers mean for both buyers and sellers as you navigate this market. Current State of the Market Despite interest rates hovering around 7%, competition still remains robust in our local market. One key metric, the “Months Supply of Inventory,” stands at a healthy 2.47. This measurement helps us gauge the balance of supply and demand. In simple terms, the market is still leaning towa ..read more
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How Are Rising Interest Rates Impacting Home Buying Decisions?
Nesting In Nashville Real Estate Blog
by James Crawford
9M ago
In today’s fluctuating financial landscape, how do interest rates affect your decision to buy a home? We recently spoke with some of our past clients to understand their perspectives on this critical issue. The Varied Reactions to Rising Interest Rates Liza, a repeat client, shared, “The current interest rates have made me pause on investing in property. The high mortgage payments just don’t add up for me.” Kristin, another past client, offered a contrasting view: “The cost of a home is already so significant that interest rates don’t drastically impact my decision. However, rate increases h ..read more
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Nashville’s Sprawling Yards
Nesting In Nashville Real Estate Blog
by Stephanie Crawford
10M ago
Did you know that Nashville homes boast the largest yards in the nation? Neither did I, until I stumbled upon this information in a Nashville Business Journal article (subscription required). Nashville currently takes pride in having the largest median lot size among the country’s 50 biggest cities – a sprawling 11,813 square feet (or .27 acres). Music City is celebrated not only for live entertainment but for spacious backyards that invite a world of possibilities. The median home in the city occupies around 1,830 square feet, meaning that the typical home takes up only about 15.5% of the ..read more
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