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The housing industry, along with the dedicated professionals who serve residential and commercial property buyers and sellers, constitutes nearly 20 percent of the U.S. economy. In 2023, the real estate industry alone accounted for a staggering $4.9 trillion, comprising 17.8% of the gross state product (GSP) nationwide. This isn't just about numbers—it's a testament to the foundational role real estate plays in our economic landscape.

NASHVILLE, Tenn. (May 7, 2024) – Data for the month of April showed 3,060 home closings, according to figures provided by Greater Nashville REALTORS®. This figure indicates a 11 percent increase from the 2,753 closings reported for the same period last year.

In a groundbreaking move back in 2021, Larry Ellison, chairman, and co-founder of Oracle Corp., struck a deal with Nashville that promised to bring 8,500 jobs to the city by 2031. This monumental agreement, totaling $1.35 billion and spanning a sprawling 70-acre campus on the East Bank, marked the largest economic development deal in Tennessee's history.

In the wake of all of the NAR Settlement noise, what’s a Realtor to do or say? It seems everyone has something to say about the settlement, from aspiring social media influencers to all the major news networks. Unfortunately, a lot of the noise is just being repeated and spun over and over, and the undertow of the noise has even got my head swimming with questions and distractions at times. I’ll tell my fellow Realtors what I’m telling myself amidst all the noise: perfect your processes, recite your value, and pay attention to NAR.

In recent updates, Fannie Mae and Freddie Mac, two significant players in the federal financial sector, have reiterated their stance on seller payments toward buyer agent commissions, affirming that these payments will remain exempt from limits on seller concessions.

April marks Fair Housing Month which grew out of a celebration in 1969 marking the first anniversary of the law signed in 1968. Technically, it is Title VIII of The Civil Rights Act of 1968, which followed The Civil Rights Act of 1964. The law itself didn’t easily reach that status. It was discussed, and debated but with no final law, until the death of Martin Luther King Jr. The push then came to make sure it became law.  It was signed into law on April 11, 1968. Hence, the expansion into Fair Housing Month as we know it today in April.

In the ever-evolving landscape of real estate, changes often spark excitement and intrigue. One recent development making waves across the country involves Buyer Representation Agreements. And in Tennessee, we are already ahead of the curve.

Having a buyer's agent is an important part of the home-buying process in today's real estate market. They're the experts who help you find and buy the perfect home and there are various reasons as to why they play an important, essential role in this process.