REALTOR Roundup

As Veterans Day approaches and we honor and recognize the contributions and sacrifice of veterans to our nation, it’s also important to acknowledge their impact on the housing market as a whole. Veterans represent a vital segment of homebuyers and they continue to shape the landscape of real estate in profound ways.

The rise in severe natural disasters underscores the growing climate risk affecting global economies. Recent flash floods in Tennessee, for instance, caused widespread damage to neighborhoods, small businesses, and commercial properties on September 26-27, 2024. Such events highlight how climate change reshapes the commercial real estate (CRE) landscape, prompting responses like Governor Bill Lee’s Emergency Declaration, which emphasizes adaptive policies and resilience planning to maintain economic stability. As climate impacts spread across industries, investor behavior, and economic strategies must evolve accordingly.

The question every agent gets asked in a conversation the minute they mention they’re in real estate, is “How’s the market”? which is often followed by “I bet you’re busy” or “Are you busy?"

The fourth quarter, for many agents, can mean that business starts to slow as we head into the holiday season. While this can be a great time to finally take that vacation you've been putting off or visit family you haven't seen in a while, let's not forget that it's also a great time to be working on your business. Below are a few ideas for things to be working on if you find you have some extra time on your hands.

With the new NAR settlement and all of the miscommunication around it, it’s no wonder that buyers are confused. We, as an industry, must do all we can to help educate the general public. Unfortunately, the unintended consequence of the ruling is that buyers now don’t know whether they should enlist a buyer’s agent when searching for a home.

Real estate professionals are discussing NAR's buyer-broker pay resolution. Brokers and agents face major residential real estate settlement changes. Businesspeople in the community should be educated to understand the settlement regarding residential and commercial transactions.

Did you know that Nashville was once a leader in transportation in the United States? In 1889, Nashville was the second city in America to have electric street cars (behind Boston, MA). In 1891, an article was published stating that Nashville "solved the rapid transit problem". Even up to 1950, we remained leaders in transportation being the first city to implement dedicated bus lanes. So, how did we become the number one city in America today for the worst commute, as named by Forbes Magazine?

Someone, please let me off this rollercoaster ride! That’s how many people feel right now. Life is coming at everyone fast from every angle as life seems to be full of so much change, twists, and turns, but with every change comes progress in some form or fashion.