Williamson County Real Estate

National Housing Report - Nashville real estate

 Nashville real estate

The national housing report on new construction was out yesterday, and it was worse than expected with activity down 30 percent over the previous year. The national housing market is struggling, and the news media talks about it every day. If you represent buyers, they expect massive price cuts, because that's what the media tells them to expect. When we  tell then that those conditions exist in California, and Arizona where prices have always been extreme up or down, they don't want to listen.

 Market conditions in Spring Hill and Franklin are much better than the National conditions, with sales down less than 1 percent year to date compared to last year, and prices up 5.9 percent. We have had a steady increase in jobs, and low taxes, both of which contribute to a stable housing market. Real Estate is a local market, with prices and demand driven by local conditions.

Now if I could just convince my buyers to stop watching the news.

 

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Comment balloon 3 commentsLarry Brewer - Benchmark Realty llc • October 18 2007 07:06AM
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