Nashville Interest Rates Trend – If you are hoping to find the bottom of the market in real estate, just take a look at this chart. Interest rates are at historic lows, and the facts are that they will probably start going up soon. But in the meantime, you can live in a nice home for less than the same size apartment in most areas of Nashville.
Why would you want to live in a Nashville home instead of an apartment? One of my customers said it best, “I want my privacy back. I don’t want to head my neighbors TV or stereo playing at 02:00, I want a place where my dog can play outside without me having to hold a leash.” I want to be able to paint my walls the colors I want, or plant flowers in my yard.
All of those are great personal reasons to own a home. But as a realtor, I usually like to talk about the investment side of owning a home. In the past few years, most have thought about how much equity they lost in their home, but the reality is that they would have lost more money in the stock market if they had sold at bottom 2 years ago. Smart money was buying stocks, and most have doubled their investment. The housing market moves slower, but the fundamentals are similar, and those who are buying homes now will benefit when the market recovers. To search for Nashville Homes, click on the link Nashville Real Estate.
