What's Happening in Nashville / Franklin Real Estate

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Market Update

Good Time to Buy

Rates just dropped a bit more this week. Experts tell us they will likely remain at these historic low numbers all year. Many of us remember when rates were 7%, 8%, 9% or more. It wasn't that long ago.

Did you know that for every 1 point increase in the mortgage rate, your purchasing power decreases by approximately 10%?

And the reverse is true also. Lower rates mean you can pay about 10% more for your purchase and have the same monthly payment that you'd have had if your rate was a point higher. Keep this in mind as Nashville area home prices are expected to continue rising this year. Consider making your move sooner rather than later.

This Month's City Highlight

Do you know about Nashville Yards yet? You've likely driven past it and may have wondered. This new downtown mixed-use development is currently underway on the approximately 11 acre parcel off Broadway across from Union Station and down into the old train yards (formerly the LifeWay campus). This is just one piece of the continued development in Nashville's north gulch area.

Here's Nashville Yards by the numbers:

3.5 million+ SqFt of Class A & Creative Office Space
1,000+ Residential Units
400,000+ SqFt of Retail & Entertainment
1,100 Hotel Rooms

Give me a shout if you'd like to get in early on the residential space. Or learn more about the Yards at the photo link below.

Featured Listing

3814 Auburn Ln, Nashville, TN 37215

PRICED RIGHT IN GREEN HILLS!
Open floor plan in this fabulous 3 bd / 2 bath cottage w/ covered front porch. Gutted & totally remodeled. Original hardwoods. Sparkling white kitchen. Two living spaces. Sit by the fireplace in the huge, light-filled Great Room, or walk out to the olympic size patio with abundance of back yard space & your own bubbling brook! Beautiful fixtures within. Luxurious master suite with huge walk-in shower, freestanding tub, & extra large walk-in closet. Julia Green Schools.

Listed at $629,000, plus $2400 in buyer incentives!
MAKE YOUR NEW YEAR HAPPY with this beautiful home.

Exclusively listed by Steve Rice - VILLAGE Real Estate.

Available Rentals

Our Hottest Rental Properties available right now. See what we have in Nashville, Franklin and more! Go here and visit the LISTINGS tab.

Thinking about Buying or Selling
in 2020?

We can help you now with research & planning so you can avoid stress down the road.

Choose a link below to schedule a free trusted advisor consultation with us.
In-Person consultation (recommended)
Phone consultation

Steve Rice
REALTOR / AFFILIATE BROKER
VILLAGE Real Estate
138 3rd Ave N
Franklin, TN 37064
615-790-3400

Carol Rice
REALTOR / PROPERTY MANAGER
Village Property Management
4717 Centennial Blvd
Nashville, TN 37209
615-861-4191

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