News

NASHVILLE, Tenn. (July 7, 2025) – There were 3,185 home closings reported for the month of June, according to figures provided by Greater Nashville Realtors. This figure indicates a 5 percent increase from the 3,042 closings reported for the same period last year.

Homeownership has long been one of the most reliable ways Americans build wealth. Even with today’s affordability challenges, the dream of owning a home remains strong—because it’s not just about having a place to live, but about building equity and securing a financial future.

Let’s be honest, if you’ve been in residential real estate for a while, you’ve probably had a moment—maybe during your third “Can we paint the walls grey?” conversation of the day—when you wondered what it’s like on the commercial side.

Opportunities in the housing market—both nationally and here in Middle Tennessee—are becoming more abundant. But with opportunity comes the need for both buyers and sellers to adjust their strategies to get the best deal possible.

At first glance, May’s home sales figures for the Greater Nashville region suggest a slowing housing market, with a 9% decline in closings compared to the same time last year. But a closer look reveals a more nuanced picture that highlights growing opportunities for homebuyers across the region.

Celebrating homeownership began in 1995 under President Bill Clinton, aimed at increasing homeownership across the nation. It started as a week-long event. Several years later, in 2002, George W. Bush expanded it to a month-long recognition. Homeownership Month is an opportunity to remind and educate people about the benefits that accompany owning their own home. Those benefits vary in importance depending on one’s goals and dreams. They range from independence in choosing paint colors, to developing equity and wealth. It’s known as the American Dream and it is achievable with some forethought, planning and guidance by professionals that know how to assist in piecing the plan together.

Last week, I traveled to Washington, D.C., with Greater Nashville REALTORS® staff and leadership to attend the National Association of REALTORS®’ 2025 Legislative Meetings. We joined thousands of REALTORS® from across the country to meet directly with members of Congress, advocating for policies that support the housing market, protect property rights, and help make homeownership more attainable for more Americans.

The U.S. Secret Service has informed the National Association of REALTORS® about a new cryptocurrency scam targeting real estate professionals, some of whom have lost a significant amount of money.