Nashville Real Estate News

Have you been searching on Zillow lately?

If so, you likely noticed a decrease in the number of homes for sale in Nashville. Or an increase in errors.

This stinks because Zillow is fun and easy to use!

Some of this is due to record sales and a decreasing inventory in Nashville. The rest is the result of a battle between Zillow Group and News Corp.

In 2014, Zillow hired the president of Realtor.com. Then they bought Trulia. Soon they were the 800 pound gorilla of online house hunting.

The rest of the industry was up in arms.

News Corp saw an opportunity to strike. They purchased Realtor.com and ListHub. The latter is the main source of listing information online.

On April 7th, 2015, News Corp turned off the flow of listing information

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This year, on May 2, 2015, will be my 35th Wedding Anniversary to my wonderful husband, Tommy Meador.  Wow, where did the years go? We planned a fairly quiet elopement after deciding that a big wedding was more then we both wanted. In retrospect, and from the perspective of my chosen profession as a caterer, please have a big wedding, get lots of loot, and call me to cater your reception.

So, back to the story…..We met with a minister at Centennial Park, our elopement destination, in order to listen to some sage advice and make some plans.  The park was in full spring bloom and we decided on a pretty garden behind the Parthenon for our ceremony. We were fortunate enough to know and have chosen the Rev. Bill Barnes to marry us.  Rev. Barnes is the

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Did you know that April is National Poetry Month?  In my Wednesday night yoga class at McCabe Community Center, led by Barbara Burgess-Camardella, we are working on poet’s pose.  I have recently attended a poetry reading with some most talented poets at Howlin’ Books and Grimey’s on 8th avenue which takes place the first Friday of each month except during the summer.  If you want to hear some wonderful artists reading their works, head to Howlin’ Books on Friday May 8th at 7:00pm.  I have also been reading the poetry of Mary Oliver and Pablo Neruda, two of my favorite poets and some excerpts from “The Southern Poetry Anthology:  Volume VI:  Tennessee” which is filled with gems from some of Tennessee’s best poets.  All of this inspires me to share a poem I

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Pocket Listings in Nashville TennesseeIf you have been on social media lately in Nashville, you have likely seen homes that are posted with the tag lines, “Pocket Listing” or “Coming Soon.” 

These are the real estate buzz words of 2015 due to the low inventory of homes for sale in many areas of Nashville.    If you are thinking about selling you home, these might seem like good ideas.  They certainly are trendy and give off an air of exclusiveness. 

Do you really want to be exclusive in the marketing of your home?  

Before you answer that question, let me give you a few things to consider.  At the end, I will recommend the best way to use the Coming Soon tactic if you decide to employ it.

I know that some people use these terms interchangeably, but in truth they have radically

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The U.S. Department of Housing and Urban Development define affordable housing as costing less than 30% of your annual income.  The average household income in Nashville is nearly $54,000 per year.   At the current interest rates with a 30 year fixed mortgage, affordable housing in Nashville equates to homes priced less than $200,000. 

If you have been looking for affordable housing lately, you know this is a difficult task.  All indications for this year tell us that it is going to get worse before it gets better. 

Here are the top four reasons why we expect the Affordable Housing problem to grow in Nashville this year.

First, Nashville is growing.  People are relocating to Nashville and Middle Tennessee at a record pace and the end is nowhere

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So you have heard that we have a low inventory of homes for sale in Nashville.  

For many sellers this is great news, but you may have mixed feelings about the market.  Just as soon as it recovers and you feel better about selling, there is nothing left to buy.  This makes it incredibly hard to move up in home right now. 

This mindset is keeping many people on the fence, which only makes the problem worse.   Unless you are going to buy a new home, someone else has to sell in order for you to buy.  It is a circular problem that is not easy to fix.

One thing to keep in mind is the old adage that, “All real estate is local.”

When I say local, I mean hyper-local! 

What is generally true in Nashville, might not be true for your community, your

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I hesitate to say this, but I will go out on a limb and declare that SPRING HAS ARRIVED! Finally the sun is shining and the sky is blue, the temperatures have risen and I am seeing the first signs of buds on the flowers and trees. The official Spring Equinox is March 20, but I am declaring that spring has sprung.

In researching the various April Calendar of Events to bring you some interesting things to do in April, I realized I almost missed one of my favorite holidays. I guess it's not actually a holiday – but I'm talking about APRIL FOOLS DAY! My very best April fool's joke was played on my sister and it was 27 years ago. We were working together in the catering business at that time and she had just delivered her 3rd child in February. I called her

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Well, I am in total denial about the HUGE winter weather event that is coming up this week- it is March for heaven’s sake - and by the time this blog is posted and anyone reads it, the event may be over so I am not going to talk about it, EXCEPT TO SAY that a self-employed working girl cannot take many more cancellations to her pocket book!  I have four catering jobs this week and am in full swing in production.  If there are cancellations, I may just have to invite the neighborhood over for lunch and dinner for a few days – just a nominal charge to cover my expenses!!!

DO NOT FORGET TO SET YOUR CLOCKS FORWARD ONE HOUR ON SATURDAY, MARCH 7TH, BEFORE YOU GO TO BED!!!!

Yes, folks, on Sunday March 8th we will be seeing the light until almost 7:00pm!  

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A winter blast has arrived this morning and, for most of us, this ice storm has sequestered us in our homes.  I gathered my elderly Mother up and brought her to my home last night so she would not have to weather this storm alone.  I anticipated writing something uplifting about spring coming, but that is not an easy task as I sit here in front of my computer which has a beautiful picture window – one of my pictures to the world – for me to gaze through as I write.  My view is of falling ice, sleet and rain which has now covered every surface – roads, trees, cars, driveways, grass.  I keep waiting for this to turn to the promised inches of snow – at least we can have the beauty of the big, wet falling fairy flakes, but no sign of them yet.  The

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March is just around the corner.  Just like you, many homeowners are currently planning their Spring Cleaning and Home Improvement projects. 

The problem is most projects, especially the major improvements; do not give you a 100% return on your money.  The average project returns 70 – 80% of the dollars spent on improvements.   If the quality of the work is below professional standards, it could even detract from the value of the home.

If you make the wrong choices, you could be throwing money away and not improve your position in the market.  

Whether you are thinking about selling this year or you want a few years of enjoyment, you can still get the biggest bang for your buck by following these rules.

 

1.  Low Cost Projects Lead to Higher

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