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Archive for February 2010
By Josh Anderson · Comments (0)
Thursday,
February
25th,
2010
Nashville ranks #210 in a recent study of wealth in major US cities. The report averages the median Nashville TN home value at $165,200.
Bizjournals created a six-part formula to assess the relative affluence of all 420 cities, incorporated towns and unincorporated urban areas with populations above 75,000. Overall, Nashville placed 210th. Places with high income levels and large inventories of expensive homes naturally earn the highest scores.
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Categories : Nashville Tennessee Real Estate
Nashville area homes sold continued to dip in December, according to data released today by First American CoreLogic.
Home prices, including distressed sales, dropped by 3.94 percent in the Nashville-Davidson-Murfreesboro-Franklin area when compared to December 20008, slightly higher than the year-over-year decrease of 3.71 percent in November. Excluding distressed transactions, the drop in prices was 3.04 percent, according to First American CoreLogic.
According to a First American CoreLogic report, “April will be a critical month for the housing market, given the current scheduled expiration of the federal homebuyer tax credit. While the tax credit provided some significant support to house prices in 2009, the forecast model currently indicates that the future path of house prices after April will be significantly impacted by whether the tax credit is allowed to expire or is once again extended.”
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Categories : Nashville Tennessee Real Estate
The Nashville Business Journal recently reported residential foreclosures in Tennessee jumped 6.8 percent in January, and the state ranked No. 26 for its overall foreclosure rate.
There were a total of 3,911 foreclosure filings in the Volunteer State in January, an increase of 6.8 percent compared to January 2009 but a decrease of 17.8 percent compared to the previous month, according to RealtyTrac Inc.’s U.S. Foreclosure Market Report.
One in every 705 Tennessee homes received some type of foreclosure filing — default notices, scheduled auctions and bank repossessions — during the month. That ratio is lower than the national average of one in every 409 U.S. homes receiving a filing in January.
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The oldest use of the term “Real Estate” that has been preserved in historical records was in 1666. In other words, real estate has been around for a very long time. However, it is not going away! It will be around until the end of time. What a comfort that is. With the slump that is happening, it is a reassurance to know that even if the economy gets bad, real estate is here to stay.
Real Estate is a legal term, according to Wikipedia, that encompasses land along with anything permanently affixed to the land, such as buildings, specifically property that is stationary, or fixed in location. The word “fixed” is the keyword here, meaning unmovable. Real Estate is here to stay!
Wikipedia also states that it has been argued that the word Real is derived from “royal”. For hundreds of years the Royal family and/or King owned the land, and the peasants paid rent or property taxes to be on the Royal’s land. Today, just like hundreds of years in the past, we pay property taxes, or rent to be on the government’s land or the Royal Estate. Isn’t it great to know that even though we do have to pay property taxes our homes are owned by us and not a king or government or royal family!
This article has been a little bit about the history of Real Estate, but thankfully there is a great future for real estate. Make your own future and invest in “Real” estate.
If you are looking for a home or selling real estate in the Nashville, Franklin, Brentwood Tennessee areas then we can help!
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By Josh Anderson · Comments (0)
Tuesday,
February
9th,
2010
February 8, 2010 (Franklin, TN)-The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of January 2010. There were 123 residential and condominium closings reported for the month of January, according to figures provided by RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle-Tennessee area.
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