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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.

As we look at the real estate market in Greater Nashville and across the country, there are several promising signs for both buyers and sellers. While August saw a slight decline in home sales compared to the same period last year, the market is showing signs of promise, driven by a favorable shift in mortgage rates and an increase in inventory.

With the constantly changing landscape of real estate, working with a Realtor is more important than ever. As you may have heard, new laws went into effect in August, which brings in new questions, and oftentimes, uncertainty. As Realtors, we are here to help our clients navigate the changes and remove uncertainty as we guide them through each step of buying or selling. We have been learning about the legal and ethical impact of these changes for months, ensuring we are ready to inform and protect our clients.

NASHVILLE, Tenn. (Sept. 9, 2024) – Data for the month of August showed 3,086 home closings, according to figures provided by Greater Nashville Realtors®. This figure indicates a 6 percent decrease from the 3,305 closings reported for the same period last year.

When people think of dangerous jobs, being a Realtor might not be the first profession that comes to mind. However, the realities of the job reveal inherent risks that are all too often overlooked. Realtors frequently meet clients they've never met before in empty homes and host open houses where strangers can walk in unannounced — situations that pose potential safety concerns.

As Generation Z enters the housing market, their approach to buying a home is reshaping the industry. Born between the mid-1990s and early 2010s, Gen Z is coming of age during a time of economic uncertainty, high student debt, and rapidly evolving technology. Despite these challenges, many are determined to achieve the American dream of homeownership, albeit on their own terms.

As Nashville continues to experience unprecedented growth, our city finds itself at a critical crossroads. Our infrastructure is straining under the weight of this rapid expansion, with congestion worsening daily and the costs of inaction mounting. If we fail to act now, it may soon be too late—and too expensive—to make the meaningful changes Nashville desperately needs.

We live in a fast-paced environment in today’s global world. In recent years, home prices and sales have skyrocketed while inventory has declined rapidly. Consumers must avoid the trap of thinking that this is normal; when in fact history shows us real estate cycles take several years to occur. Real estate is a long-term investment. While there are short windows of extraordinary times, they are rare. Today, there is a more balanced market, a positive outlook for the future, and more homes to choose from. Building a strong team of professionals to help make this plan come to fruition.