Real Deal Column

Every September, Greater Nashville REALTORS®, alongside the National Association of REALTORS®, recognizes Realtor Safety Month to raise awareness about the risks real estate professionals face in their daily work.

It’s no secret that the U.S. is facing a major housing shortage. Realtor.com recently reported a gap of nearly 4 million homes nationwide, a shortfall that is driving affordability concerns in communities across the country.

Last week, I attended a virtual webinar hosted by Greater Nashville REALTORS® with guest speaker Ben York, CEO of the East Bank Development Authority. York gave an excellent presentation on the East Bank, a 550-acre redevelopment that will transform Nashville’s riverfront and reshape how our city grows.

For potential buyers who have been waiting on the sidelines because of higher interest rates or those just within reach of homeownership, now is the time to start preparing. The latest data shows that 75 percent of metro markets saw home prices rise in the second quarter of 2025. In Nashville, the median price for a single-family home in July was five percent higher than the same month last year.

With summer winding down and a new school year beginning, the Greater Nashville housing market continues to show stability and resilience. After a slower start to the year, the past two months have brought signs of renewed momentum. The Greater Nashville market is outperforming some larger metros and countering national headlines predicting a struggling housing market.

There’s been a lot of uncertainty this year surrounding the economy and housing market—especially when viewed through a national lens. Headlines speculating about a housing crash or an economic slowdown tied to inflation, tariffs, and broader global pressures have become increasingly common. But while national trends paint a mixed picture, it’s important to ground ourselves in what we know for sure about our own local economy.

Two new policies—one at the federal level and one here in Nashville—have recently been implemented that could have a positive impact on homebuyers and help make housing more affordable.

The National Association of REALTORS® (NAR) recently released a compelling analysis that reveals just how powerful a modest decline in mortgage rates could be in reshaping homeownership opportunities across the country.