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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.

It’s no secret that we’re facing financial and market challenges nationwide. Yet, in Nashville’s dynamic real estate scene, homeowner equity remains a strong asset. Despite some fluctuations, we’re witnessing steady increases in equity values, underscoring the city’s enduring appeal. Our vibrant culture, robust job market, and sought-after neighborhoods like East Nashville, The Gulch, and Germantown are pivotal drivers of this trend.

As we move through 2024, the Greater Nashville real estate market witnessed a notable shift last month. Closings in June decreased by 13 percent compared to the same period last year. This decline in home closings across various categories underscores the potential opportunity – an almost forgotten market landscape where buyers have negotiating power.

In 2020, I embarked on an exciting new career in real estate. I was excited, scared, but most of all - eager and hungry to build a successful business for myself and my family! Reflecting on my past four years in this industry, I wanted to share three impactful learnings that have transformed my business and my mindset that may be helpful to other Realtors.

Investing in housing is more than just buying a place to live—it's a cornerstone of the American economy. Each home sale generates two jobs, and the real estate sector alone makes up approximately 18% of the entire nations economy, according to data from the National Association of Realtors. This ripple effect of home sales extends beyond property lines, influencing numerous facets of American life.

As Nashville prepares for the state and federal primary election on August 1, our city stands at a pivotal crossroads. This election isn’t just a routine event, but an opportunity for every Nashvillian to exercise their democratic privilege and vote toward the future.