Nashville real estate in general has been more stable than the national housing market, but the trends seem to be the same. When national home sales are down 10 percent, Nashville home sales tend to be closer to 6 or 7 percent. The following projections are national projections and the numbers will be different than what we see here in Nashville, but the trend either down or up will be the same, at least that’s what we’ve seen in the past.
The average homeowner has a net worth that is about 41 times greater than that of a renter, according to a report from the National Association of Realtors. Homeowners’ net worth averaged between $150,000 and $200,000 this year, according to NAR. The trade group for Realtors said homeowner equity accounts for a substantial part of that net worth. NAR based its research on results from a 2007 Federal Reserve Survey that provides a snapshot of family income and net worth in conjunction with basic demographic makeup. The Fed survey is conducted once every three years. A 2010 survey has not yet been released. Homeowner net worth back in 2007 was 46 times greater than that of renters, reflecting the economic conditions before housing price declines and a decreasing equities market. The average net worth of a homeowner was above $200,000, while the average net worth of a renter in 2007 was $5,000. Source: HousingWire
Total housing sales in 2010 will be down about 8 percent from last year, and will mark the bottom of the downturn, says a monthly report from Fannie Mae economists. The economic outlook from Fannie Mae is fairly upbeat looking ahead. Foreclosures will keep housing sales subdued in the final quarter of this year, the report says, but sales will see gradual improvement in 2011. “We expect home sales to increase by about 3 percent in 2011, says Fannie Mae (OTC BB: FNMA) chief economist Doug Duncan. “However the pace of the recovery will be largely determined by labor conditions. If hiring improves at a faster pace than expected, home sales will likely see a stronger gain in 2011 and vice-versa.” Improving financial conditions and recent encouraging signs from the labor market should set the stage for an above-par growth trend by mid 2011, the report says. Source: Washington Business Journal
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See more Nashville Homes.
(all data current as of
5/21/2013)
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$519,440 : 754 Saussy Pl, Nashville5 beds, 3 full, 1 part baths
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$640,000 : 3519 Hillsdale Ave, Nashville4 beds, 4 full baths
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$899,900 : 6305 Torrington Rd, Nashville4 beds, 3 full, 1 part baths
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$429,000 : 6004 Jocelyn Hollow Rd, Nashville3 beds, 2 full, 1 part baths
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$484,900 : 4304 Harding Pl, Nashville3 beds, 2 full baths
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$1,699,000 : 2006 Fransworth Dr, Nashville5 beds, 5 full, 1 part baths
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$2,750,000 : 110 Lynnwood Blvd, Nashville4 beds, 6 full, 1 part baths
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$399,900 : 6213 Harding Pike, Nashville3 beds, 3 full baths
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$1,299,000 : 132 Cheek Rd, Nashville5 beds, 4 full, 2 part baths
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$1,495,000 : 106 Clarendon Ave, Nashville4 beds, 3 full, 1 part baths
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$735,000 : 3 Warwick Ln, Nashville4 beds, 3 full, 2 part baths
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$5,750,000 : 4405 IROQUOIS AVE, Nashville6 beds, 6 full, 4 part baths
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$499,500 : 508 Lynnwood Blvd, Nashville3 beds, 1 full bath
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$1,150,000 : 4405 Howell Pl, Nashville4 beds, 3 full, 1 part baths
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$485,000 : 511 Acklen Park, Nashville4 beds, 3 full, 1 part baths
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$374,900 : 3703 Westbrook Ave, Nashville2 beds, 2 full baths
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$729,900 : 10 Peach Blossom Sq, Nashville2 beds, 2 full, 1 part baths
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$1,397,500 : 164 Cheek Rd, Nashville4 beds, 5 full, 2 part baths
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$829,000 : 202 Page Rd, Nashville6 beds, 4 full, 2 part baths
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$355,000 : 501 Torrington Ct, Nashville4 beds, 2 full baths
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$289,900 : 705 Shawnee Dr, Nashville3 beds, 1 full, 1 part baths
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$2,150,000 : 117 Clarendon Ave, Nashville5 beds, 6 full, 1 part baths
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$2,350,000 : 580 Jackson Blvd, Nashville4 beds, 5 full, 1 part baths
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$415,000 : 226 Woodmont Cir, Nashville3 beds, 2 full baths
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$489,900 : 3506 Murphy Rd, Nashville3 beds, 2 full baths
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$975,000 : 3626 Central Ave, Nashville4 beds, 3 full, 1 part baths
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$1,299,000 : 201 Hillwood Blvd, Nashville5 beds, 4 full, 1 part baths
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$534,900 : 6317 Bresslyn Rd, Nashville4 beds, 3 full, 1 part baths
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$1,289,000 : 201 Brook Hollow Rd, Nashville4 beds, 4 full, 1 part baths
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$1,800,000 : 113 Lynnwood Blvd, Nashville5 beds, 5 full, 1 part baths
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$619,900 : 122B Lincoln Ct, Nashville4 beds, 3 full, 1 part baths
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$799,000 : 606 Westview Ave, Nashville3 beds, 2 full baths
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$669,900 : 109 Adams Park, Nashville4 beds, 3 full, 1 part baths
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$189,900 : 6700 Rodney Ct, Nashville4 beds, 3 full baths
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$422,000 : 5700 Red Oak Dr, Nashville4 beds, 3 full baths
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$329,000 : 852 Belton Dr, Nashville3 beds, 1 full, 1 part baths
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$2,900,000 : 4405 Warner Pl, Nashville6 beds, 7 full, 1 part baths
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$269,000 : 804 PERCY WARNER BLVD, Nashville3 beds, 2 full, 1 part baths
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$599,000 : 111 Postwood Pl, Nashville4 beds, 3 full, 1 part baths
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$699,000 : 42 Wyn Oak, Nashville4 beds, 4 full, 1 part baths
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$659,000 : 6533 Cornwall Dr, Nashville4 beds, 3 full baths
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$1,195,000 : 6003 Cargile, Nashville4 beds, 4 full, 3 part baths
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$549,000 : 4520 Post Rd, Nashville4 beds, 4 full baths
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$325,000 : 723 Clematis Dr, Nashville3 beds, 2 full, 1 part baths
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$574,900 : 225 Cherokee Road, Nashville4 beds, 2 full baths
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$439,000 : 6533 Brownlee Dr, Nashville4 beds, 2 full baths
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$3,300,000 : 2026 Fransworth Dr, Nashville4 beds, 4 full, 3 part baths
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$659,000 : 625 Westover Dr, Nashville4 beds, 3 full baths
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$244,900 : 6836 Highland Park Dr, Nashville4 beds, 3 full baths
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$349,900 : 3503 Wrenwood Ave, Nashville2 beds, 2 full, 1 part baths
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