What Just Happened? Nashville Housing Market Update
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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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As a 33 year resident of Franklin TN, I really appreciate your videos and agree. Things are shifting and about to shift more. Good job!
Thank you!
I have/ am buying all the long duration treasury bonds I can. Truflation estimates current inflation rate 1.5%. Growth expectations below 1%. 10 year bond about 4%. Yeah, I will take that. 😊 We are Japan in 1989.
What are you using to buy them?
Good luck. I hope it works out for you.
Hi my friend Ethan 👋🏼
I’m just wondering 💭…
How do you think the market data will change after August 17 ? (Which is also my Birthday 🎉).
I still don’t understand this move and why it was made. It seems to me like everything was going fine…
It will be interesting to see what happens.
Thank you for today’s data.
You always have great information.
Have a great week and see you next Saturday 💥❗️
Blessings,Carlos ✝️🙏❤️😊🇺🇸
Awesome. Happy early birthday!. I honestly don’t know. I have a friend that I’m interviewing next week. He’s studied the changes and will be good to get his take.
@@EthanFlynn looking forward to watching it.
I think the market is coinciding with stock market and maybe people thinking to wait for rates to come down. We are still watching for the right house that we just can’t pass up.
I think a lot of buyers feel time is on their side now.
I'd be curious to see this data against other boomtowns such as Austin and Charlotte NC
Who are you recommending to refi with that only charges a $1300 origination fee?
I just realized you’re asking for bank. Reach out and i can give you name.
The only people buying 10 year bond are those that have an interest in keeping certain things propped up, like the FED and international players. They are sacrificing their money for 10 years in order for short term economic gains like the stock market. No one would buy a 10 year if they don't have these interests. Why would any one lock up millions of dollars for 10 years when you can go short term for a higher rate; makes no sense.
@@pablo81778 makes no sense
Great info as always.
I just keep looking at the rent vs buy cost. As long as that is inverted (renting substantially cheaper) I will not buy.
If rents catch up to purchase, that means the local economy and incomes now support the pricing and I have less risk of buying into negative equity. Otherwise I think your data tells the story. Demand is gone at these price levels and interest rates aren't the problem.
You weight variables and% changes in data sets way too highly for submarkets and even for an entire MSA. 5-10 transaction can change the % by 5% and it regulates pricing. Price per ft is an improper analysis tool for the property by property variable factors.
Sample is way too small. Pull from every major MSA in Tennessee. NASHVILLE, Chatt, Memphis, and knox.
If you’re talking about contract price per foot there are ~2500. Sorry I disagree.
Another Saturday. Another awesome video.
Always love your content. Great job.
As per your question..
Nothing seems to make sense anymore so I’m done trying to guess.
Ty! That’s fair. I feel that way too. Lol.
Unemployment rate is going to snowball. It's probably all related to that, since it keeps increasing. They're feeling uneasy is all.
I get that feeling too. It feels like it is about to snowball. Anna Wong makes a strong case for this.
I think they have to let stocks crash to save the bond markets.
I hear this a lot on Twitter. Michael Gayed.
It’s an interesting perspective. You might be right.
Money printing to infinity creates inflation in erratic ways, which the FED seems to control. We're going to repeat 2008, once again. All it will take is a little bump from a major black-swan event.
Inflation in erratic ways. I think that’s what we will see. And blame it on anything but money printing.
I had a client with about 75 units mostly single family or historical homes turned into duplex or tri-plex). He told me early on as long as the government continues to borrow and print money inflation will be such that what ever you pay for real estate today at some point in not too distant future inflation will explode the value and rental costs such that as long as you can hold on to the property for 10-15 years the property will create a serious wealth from compounded inflation.
Better to talk about Nashville housing than long-term interest rates. You don't know what you are talking about when it comes to bonds, inflation. macro.
@@joshmay817
Thanks for the feedback, it’s always welcome. I’m convicted one of the most important messages I can share is to not assume anything about long term rates esp that they will go down. It’s a very risky bet.
So I will keep sharing that message. If that’s not the takeaway please let me know what you are hearing.
If you ever want to come on my channel and help me understand you are welcome.
@@EthanFlynn I would go further than that, never assume anything at all. Yields CAN go down, further than one can imagine, for longer than one can imagine, for any reason. 10 year yields have fallen 75 bp in the last 2.5 months and all the reasons why that shouldn't happen are still in place. I was a bond trader, then a central bank analyst for a 30 year career, and the minute you think you know something HAS to happen in bond markets, is the moment they do the opposite.
But supply and demand of housing? THAT can be analyzed, and you're doing it better than anyone in Nashville. If these pesky tourists would stop coming to town, my kids might be able to afford to live here.