Nashville leaps ahead of Seattle, Los Angeles — now a top-five real estate market
Nashville's real-estate market bounded ahead of Seattle, Los Angeles, and other major markets as the nation's fifth-surest investment bet for 2019, according to one of the industry's most comprehensive and influential reports.
The study, released Wednesday, promoted Music City from 9th to 5th place among U.S. cities for its hot overall real-estate prospects.
Six other southern cities – most in the southeastern U.S. – also topped the list developed by researchers from PricewaterhouseCoopers and Urban Land Institute in the "Emerging Trends in Real Estate" study.
"It's really a story about affordability, employment growth, population growth and employment stability," said Mitch Roschelle, a PwC partner. "One thing that's really important now is no state income taxes. That's becoming a bigger and bigger factor when people start making choices about where they want to live."
Knoxville and Memphis were also singled out in the 100-page study as attractive markets for investors due to their high quality-of-life advantages and low housing costs.
But Nashville has placed in the nation's top-10 real-estate markets for four consecutive years, suggesting a lucrative market for years to come.
"Nashville isn't a one-hit wonder. It's been in the top ten for some time now," Roschelle said. "So goes Austin and Dallas. It's this resilience of investors' views of those cities that contributes to their success."
The top 10 U.S. real estate markets in 2019:
- Dallas/Fort Worth
- Brooklyn, New York
- Tampa/St. Petersburg
Totally renovated cottage in Inglewood with additional detached private studio space! $299K and contact Ben Lapp for more info!
"Lying on the floor to take a photograph of an empty room may seem like an odd approach, but witness the effect - The transformation of an otherwise pleasant setting into a still from a child’s nightmare. A fine effort, indeed."
6BR, 6BA with 4100 sq ft in Wisconsin for only $295K. "THIS BEAUTIFULLY RESTORED ITALIANATE VICTORIAN WAS A SUCCESSFUL B&B. IT BEGINS WITH GRACIOUS FOYER AND A WINDING STAIRCASE THAT LEADS TO THE UPPER BEDROOMS AND TOWER. IN ADDITION THIS HOME PRESENTS AN EXPANSIVE LIVING ROOM WITH CATHEDRAL CEILINGS, A FORMAL DINING ROOM, A HUGE GOURMET KITCHEN AND A SUN DRENCHED FOUR SEASON PORCH WITH GAS STOVE FOR WINTER WARMTH. THE BASEMENT IS PARTIALLY FINISHED WITH EGRESS WINDOWS AND INCLUDES A FULL BATHROOM."
Nashville's female beer brewers raise the bar
Nashville chef Deb Paquette, who has been working in the city for over 30 years, offers her expert advice on where to eat, drink and let loose. For more Chef City Guides click here.
Williamson County among top 10 in the nation for new building permits
Sandy Mazza, The TennesseanPublished 4:05 p.m. CT May 25, 2018 | Updated 4:56 p.m. CT June 7, 2018
Investment in Williamson County has soared beyond the rest of the state, landing it in the top 10 counties in the nation issuing the most new building permits, a new review of federal data shows.
For every 1,000 homes in Williamson County, 35 building permits were issued in 2016 — the most recently available data.
Meanwhile, the median home price in the county recently topped $500,000 — nearly double what it was in 2012.
Continue reading at:
The Best Housing Markets for Home Flippers
DAILY REAL ESTATE NEWS | WEDNESDAY, MAY 23, 2018
House flipping activity surged to an 11-year high this year, with more than 207,000 homes flipped, according to ATTOM Data Solutions, a real estate data firm. But the key is knowing where to be and when. “The sweet spot for successful home flipping is finding the neighborhoods just emerging as the next hot neighborhoods in a city,” says Daren Blomquist, a senior vice president at ATTOM Data Solutions. The firm says the average profit for a housing flip in 2017 was $68,100.
Continue reading at: