News

June is renowned for celebrating many significant events, one in particular being National Homeownership Month. This year specifically marks the 22^nd observance of this occasion and it’s a special time when the nation collectively celebrates and honors the essence of the American dream: homeownership. As we embark on National Homeownership Month, it’s important to remember that this month is not only about possessing property but rather embracing the significance of having somewhere to call home, an aspect that all homeowners should cherish and celebrate.

When most people think of Realtors, they envision professionals assisting with the buying and selling of homes. While this is a crucial part of what we do, our role extends far beyond the transactional aspects of real estate. Realtors are steadfast advocates for consumers and homeowners, working tirelessly to influence policies that benefit our communities.

By now, we have all seen the infamous photos of the Nashville skyline 10 years ago compared to photos of the present day. It truly does not look like the same city! The growth and development continue to shape our house marketing and our real estate businesses. If the skyline has changed that much, imagine the neighborhoods surrounding it!

There have been quite a few rumblings over the past week that the Fed may start dropping interest rates at their September meeting. Even more exciting, multiple sources, including the Greater Nashville REALTORS® economic summit NASHONOMICS last week, are suggesting we could see further rate drops in subsequent meetings after September. This news has Realtors, buyers, and sellers crossing their fingers, toes, and anything else that can cross.

Last week, Greater Nashville Realtors hosted its annual economic summit, Nashonomics, at Trevecca University. This is a signature event that offers our members valuable insights into both the national and local housing markets as well as the most recent data driving our local economy.

The principle of property ownership as a means to wealth remains a cornerstone of American economic philosophy. As we progress through the 21st century, this principle not only holds but is underscored by recent dramatic gains in the real estate values, which have presented unprecedented opportunities for wealth accumulation through homeownership and investment.

Nashville, renowned for its vibrant music scene and bustling downtown, also harbors a community often overlooked in discussions about homeownership: the LGBTQ population. In the heart of Tennessee, a state known for its conservative values, LGBTQ individuals face unique challenges in achieving homeownership, reflecting broader issues within underserved communities. Understanding these challenges sheds light on the intersection of identity, socio-economic factors, and access to housing opportunities in Nashville.

April has traditionally been a month of renewal and growth, and this year, the real estate market in Greater Nashville has mirrored this seasonal change with promising vitality. This past month, we've witnessed an 11% surge in home sales coupled with an 18% increase in inventory, signaling a robust market that benefits both buyers and sellers.