Nashville Housing Data Deep Dive | Price Cuts | Inventory
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- Опубликовано: 12 сен 2024
- This is a Data centric Analytical approach to the Nashville Tn Housing Market. We look at trends in active listings, median price, mortgage rates, contracts, rent rates
Ethan Flynn
www.ethanflynn.com
423-767-6000
tflynn@realtracs.com
www.ethanflynn.com
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TN CPA License: 24309
TN Real Estate License: 356949
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www.realtracs.com
Recurve Real Estate
DANA JORGENSEN
PRINCIPAL BROKER | OWNER
LICENSE: 344195
(615) 496-3837
dana@recurverealestate.com
#housingmarketupdate #nashville #housingcrash #housingmarket
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This channel is amazing, thanks for putting these out! Deserves tons more likes
Much appreciated!
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How about Montgomery county here in Clarksville area???
It's not even just affordability. Local buyers just don't see the value in the garbage that is now listing for 500-700k. It's just mostly trash.
So true. There is a lot of garbage for $500K. Unbelievable
Thanks for your info - I’m about to sell my father’s 4 bed home in Rutherford (good area, neighborhood) and don’t think we can get it up on the market til August.. hoping we don’t absolutely ruin the timing!
Not the best timing but you never know. If it checks all of the boxes it could go quick.
How is assumption possible for first-time buyers without having 150k cash? First time home ownership is finished from my POV between cost, inflation, insurance, etc.
I saw a VA loan that could be assumed for nothing (granted it’s rare). The value of the home had dropped to loan amount and you could pick up a 3% mortgage effectively getting a $150K discount. So there are options with very little needed to put down. I find Hermitage to be one of the best places to get that.
The best time to get an assumable loan is in the fall. Prices will be softer, inventory will be sitting. You can work it out. There are opportunities.
That's hopeful I'm gonna need you in the fall because we are seeing numbers that don't make sense.
HUNT I found a house in Slidell Louisiana you could have walked into $5,000 down for the commission fees and $1800 a month payment that included all taxes and insurance. House was just too big for me to manage.
Beautiful house. Beautiful on the water.
Do know much on barndominiums? Are those prices changing? Do you have a video on them?
Great video Ethan! If you drill down on Maury County you may find growing new homes hitting inventory.
Thanks David!
"Fix it" you mean kick the can down the road at the taxpayers expense.
I would love to see info on Smith, Coffee, and Dekalb!
Where can I find contract volume data? I'd love to check it out for my hometon of Cleveland OH
I've been saying davidson is bound to correct since 2021. i was a year early, we peaked in 2022 at clown town price per square foot.
im so excited to buy several properties when prices fall 25-40% from here
"I don't know how to sell my house" - dude, are they that daft? If no one is buying your house, the price is too high. It's that simple.
I made a 10% off of list offer and the agent got emotional (total disservice to their sellers). It's going to be a slow grind down but volume is going to tank further unless there's some downward price action.
Tell me more about the offer you made?
@@EthanFlynn actually wasn't even 10% off. 730k on a 784k listed home that had been on the market for almost 2 years! Also didn't ask for CCA or anything.
That sounds pretty reasonable.
Did they even counter?
Was it an investment property?
@@EthanFlynn Not an investment. Counter was almost full asking. It was clear they were set on their price.
🎉🎉🎉 Hi Mr. Ethan 😊👋🏼
You know that I love your channel and respect what you do. You always have great data and I appreciate that.
But today for some reason it was just very difficult to follow you and the charts. Maybe I was just not in the right frame of mind (?). I would have liked to see instead of just graphs 📊, Maybe show some actual listings in these different Counties and commenting on each locations ups and downs.
I hope this makes sense.
Thank you Sir for being here every Saturday.
Blessings,Carlos ✝️🙏❤️😊🇺🇸
Thank you Carlos. This is great feedback. It was chart heavy for sure and very helpful to hear that. Always appreciate your comments. Thank you!!
@@EthanFlynn Thank you Ethan for the reply. I was kind of worried that my comment might have insulted you. You’re a good man Ethan.
Not at all. The wounds of a friend are better than the kisses of an enemy.
Strong demand for over $1 million is why overall price is still high.
Nashville and the entire state of Tennessee will continue to grow as the economy gets worse. It’s the escape destination from LA and NY because more and more people are waking up to bad policies and even a blind man can clearly see the difference. Regardless even Nashville will face troubles and if you’re going to move you need to pick a spot in a small town or you will be involved in the collapse of the dollar as the petro dollar just expired. Your best option is to sell your home, lock in a 2 year lease, trade in any dollars for gold silver or any ISO compliant crypto (this is what the Brics will use and they will all be tied to commodities) and then you can buy anything you want when the lease expires… also, the real reason Rutherford is growing is because they’re pushing the low income people from Davidson out there. They have been doing this for almost 30 years and it started about the same time they got a football team and the money prospects started rolling in.
Wow. You have your thesis dialed in. Thanks for sharing.
What is the 30 yr fixed rate if someone were to buy today?
Avg is 7.15. You can get 6.75 if you shop.