And, for real, home inventory in Nashville is very low right now. But demand is sky high. I've been a little puzzled about why so many people are holding onto their houses when the selling opportunities are so terrific, especially following years of grim selling prospects. But a new article on MSN Money offers some insight on this national trend, calling it a "strange moment in real estate history."
"Housing is aflame in much of the country, with buyers climbing all over each other in some markets to get at the few homes listed for sale," writes reporter Marilyn Lewis. "It's a seller's market, with multiple offers and even double-digit price growth in some cities. So, where are all the sellers? ... Stuck in their homes, dying to put the place on the market but unable to figure out where to live when it sells."
Four more reasons listed for the home shortage:
Investors who've scooped up foreclosures to turn them into rentals.
A devastated home construction industry that's been slow to ramp back up after the recession.
Owners who can't afford to sell because they owe more than their properties are worth.
Caution after the recession.
At Keller Williams, we're actively looking for great homes in East Nashville and Inglewood (37206 and 37216), Hillsboro Village (37212), 12 South (37204), and Oak Hill (37220) to show all the interested buyers we have. If you've been on the fence about putting your home on the market, call or email us. We need your help. If you have a home to sell, or know someone who does, please drop us a line!
Author:TJ Anderson Phone: 615-364-1530 Dated: March 31st 2013 Views: 1,543 About TJ: TJ Anderson is a Nashville Realtor with Benchmark Realty who's helped countless clients both buy a h...
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