REALTOR Roundup

Nashville’s real estate market is striking a chord with investors far and wide, and not just for its legendary music scene. As an International Property Specialist, I’ve noticed Nashville hitting high notes that resonate with global investment trends, making it a hot spot for savvy investors.

Gen Z is currently emerging as the newest generation of potential buyers and the majority of them are connecting with Realtors and researching properties primarily through various social media platforms. Gen Z’s preference for using social media to navigate the home-buying process means Realtors will need to enhance their online presence to engage effectively with this new wave of buyers.

Remember the feeling when you first moved into your current home. The desire to paint walls, hang pictures, entertain, and all the other memory-making activities that came along with owning your home. Fast forward to today when life opens a new path. You’re about to enter the world of the home seller. It may be new territory, especially if your current home was new construction when you purchased it. The process is similar but with some differences that come with a re-sale vs. new construction. Change brings a certain amount of stress, but here are a few tips to help you navigate through smoothly.

June is renowned for celebrating many significant events, one in particular being National Homeownership Month. This year specifically marks the 22^nd observance of this occasion and it’s a special time when the nation collectively celebrates and honors the essence of the American dream: homeownership. As we embark on National Homeownership Month, it’s important to remember that this month is not only about possessing property but rather embracing the significance of having somewhere to call home, an aspect that all homeowners should cherish and celebrate.

By now, we have all seen the infamous photos of the Nashville skyline 10 years ago compared to photos of the present day. It truly does not look like the same city! The growth and development continue to shape our house marketing and our real estate businesses. If the skyline has changed that much, imagine the neighborhoods surrounding it!

There have been quite a few rumblings over the past week that the Fed may start dropping interest rates at their September meeting. Even more exciting, multiple sources, including the Greater Nashville REALTORS® economic summit NASHONOMICS last week, are suggesting we could see further rate drops in subsequent meetings after September. This news has Realtors, buyers, and sellers crossing their fingers, toes, and anything else that can cross.

Nashville, renowned for its vibrant music scene and bustling downtown, also harbors a community often overlooked in discussions about homeownership: the LGBTQ population. In the heart of Tennessee, a state known for its conservative values, LGBTQ individuals face unique challenges in achieving homeownership, reflecting broader issues within underserved communities. Understanding these challenges sheds light on the intersection of identity, socio-economic factors, and access to housing opportunities in Nashville.

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.