News

Yesterday, the practice changes following the National Association of Realtors Settlement Agreement that would resolve claims brought on behalf of home sellers related to broker commissions was implemented across the country.

What does it mean to be civically engaged? Does it mean showing up to the polls every four years to cast a vote for the president of the United States? Does it mean showing up to Tennessee polls sometimes three times a year to vote for everything from judges to state senators? Based on August 1’s primary data, most Tennesseans likely only engage in the former. And yet, the decisions made at the Tennessee state capitol affect us all more immediately and more acutely.

Last week, the Federal Reserve met, and Chair Jerome Powell set the stage for the central bank’s first rate cut in four years, citing greater progress toward lower inflation while keeping the key interest rate unchanged.

In the ever-evolving real estate landscape, the buyer's consultation serves as the cornerstone for realtors to connect with potential buyers. Your buyer's consultation is not just a meeting—it's a pivotal opportunity to showcase the unique value you bring to the home-buying experience. As the industry undergoes changes following the NAR settlement, it's more crucial than ever to connect with clients and demonstrate the unparalleled benefits you bring to the table. Here are five topics to include in your buyer's consultation that will help communicate your value to today’s buyer.

NASHVILLE, Tenn. (August 7, 2024) – Data for the month of July showed 3,271 home closings, according to figures provided by Greater Nashville REALTORS®. This figure indicates a 8 percent increase from the 3,001 closings reported for the same period last year.

Tennessee is experiencing a significant demographic shift, marked by a rapid increase in its senior population. Between 2020 and 2023, the 65-and-up demographic in Nashville alone grew by 13%, outpacing all other age groups. This trend is not isolated to Nashville; it reflects a broader statewide pattern. There has been a noticeable increase in the proportion of seniors moving to Tennessee from other states. In 2021, 1.8% of the Volunteer state seniors had relocated from another state, up from 1.5% in 2019.

Unless you’ve been living under a rock, you’ve likely heard this question from Buyers and Sellers more frequently: “What does the NAR settlement mean for me?” While none of us have a crystal ball, I can share how I’ve been handling these conversations with my clients.

$32,756.23 billion—that’s the staggering total value of America's collective home equity, according to recent data from the Federal Reserve Bank of St. Louis. This figure marks a record high, having doubled since early 2017 and quadrupled since early 2012. For homeowners in Nashville and beyond, this growth highlights the immense value of owning a home and its role in building generational wealth.