REALTOR Roundup

With the vast advancement of technology in today’s world, selling, buying and renting properties has become more challenging than ever. The potential for defrauding consumers has increased in various areas, primarily in the real estate field.

Increased inflation and a recent 34 percent tax increase for Davidson County property owners have created a drastic spike in local rental prices. The average rent for an apartment in Nashville in July is $1,819 and $1,706 nationally, according to rental statistics from Rent Cafe. 

With inflation on the minds of millions of Americans and the value of stock portfolios dropping since the first of the year, more and more people are feeling the pressure intensify – especially those approaching retirement – about how they will save for their future and gain financial freedom.

Years of underbuilding throughout the United States have created a concerning lack of housing supply that is preventing many would-be-buyers from achieving the dream of homeownership.

In the age of vast technological advancements and infinite information at your fingertips, the internet can often make the homebuying process appear simple. With countless websites and mobile Apps available, you may be asking yourself, why would I want to hire an actual person to find my future home? 

Real estate and the housing market are key drivers and indicators of success in the nation’s economy, comprising nearly 17 percent of U.S. gross domestic product.

The market has officially changed, and the easy money policy that created a buying frenzy over the past two or so years has come to a screeching halt. 

Homeownership is a huge investment. Often, it is the largest investment a person will make in their lifetime. Unfortunately, companies selling title or home “lock” services use the magnitude of that asset as a prime opportunity to prey on homeowners. Buyers have to jump through more hoops than ever before to purchase in today’s market, so it is understandable homeowners don’t want to leave anything to chance when it comes to securing their title.