Below is a story from today’s morning news on News Channel 2 in Nashville. It is another indicator that it is wise to purchase a new Norfolk Home now. We have several homes that are ready for immediate delivery as well – click here to see the list of available homes.
NASHVILLE, Tenn. –
Nashville realtors are seeing an increase in home sales this winter in the greater Metro area.
“This Monday, the day off [For Martin Luther King Jr's birthday] I have been very busy showing houses,” realtor for Crye-Leike’s Green Hills office Becky Meagher said. “I think, ‘Wow this is an indicator December was so much better and now its getting even better.’” For the month of December, Meagher was the office’s listing leader. She not only listed more properties than anyone else in her office, she also sold more properties.
“Spring time tends to be the traditional time, but January I predict is going to be very brisk,” Meagher said.
According to the Greater Nashville Association of Realtors, home sales for December were up more than 18% this year when compared to 2010. In December 2010, there were 1,500 closings with an average of 95 days on the market. Last month there were 1,773 closings with an average of 94 days on the market…
Meagher told Nashville’s News 2 low mortgage rates and Music City’s attractive qualities are driving sales. Currently according to Freddie Mac, 30 year mortgages has an average interest rate of 3.89%. Last year it was around 4.71%. That would amount to around $26,000 in savings on a $100,000, 30-year mortgage. “There are mortgages out there for first time buyers that do not have a lot of money,” Meagher said. “It is still available and it’s a great time to buy.”
One of Meagher’s clients, Craig Schlesinger, is scheduled to close on an east Nashville condo in the next two weeks. “It is a big weight off my shoulders,” he said. “I have been trying to get here permanently for a few years.” Schlesinger continued, “Mission accomplished, hopefully next week.” Schlesinger is a musician and freelance writer and has a degree in finance. He told Nashville’s News 2 he watched the market closely before deciding on the location for his home and looked at several homes before making a decision.
“I see properties come on the market and jump right off people are grabbing properties,” Schlesinger said.”When you step in, you kind of know that this is going to be home.”
Meagher said where home sales go businesses follow.
“This is really truly a wonderful place to live and more businesses are continuing to come here,” she said. According to Meagher that is a benefit to everyone in Nashville, not just those buying or selling a home. Schlesinger said that is one of the reason’s he decided to purchase a home in Nashville.
. We value the relationships we have developed assisting our customers with their new home and the Realtor community is such an important part. If you see any of these real estate professionals give them a pat on the back!
