Real Estate Blog

Wednesday, 24 October 2018
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Most  everybody I meet ask me "How's the Real Estate market" or "What are rates doing now"? Well, I resently had a conversation with a good friend in the mortgage business David Zopf with Guaranteed Rate. David had recently had the pleasure of hearing from the NAR’s chief economist Lawrence Yun, William Strauss from the Chicago Federal Reserve, and the event’s host, Edsel Charles.

From these three speakers I heard the following mostly positive information:

 

  • Lawrence Yun sees interest rates increasing to 5.5% in the next year due to a variety of reasons, including the Federal Reserve raising of the Funds Rate. He expects home value inflation to slow from this past year’s 8% to 4%. He also thinks buyers have given up on the rate decreasing and are returning to the market.

 

  • Edsel Charles expects only a 7% drop in productivity in the years 2020 thru 2023. The recent tax cut boosted the economy causing his expectation to improve. He predicts an interest rate of 6.25% by 2020. He also believes there will be a new construction shortage of around 50%. This will be caused by builder’s hesitance to be caught with too much inventory. It’s worth noting that Edsel correctly predicted the housing bust of 2008.

 

  • William Strauss believes the low unemployment rate will last another three or four years.

 

All three speakers gave a mostly positive outlook of the immediate future. Personally, my economics degree tells me that all summers eventually come to an end, but in this case, I would be happy to be wrong. Of course, only time will tell. If you have any questions or would like a Rate quote please reach out ot David Zopf YP of Mortgage Lending at Guaranteed Mortgage  615.465.8382 or email  dz@rate.com  If you have any questions about your personel Real Estate needs please contact me anytime...

          

..... "You've Got a Friend in Real Estate"

 

Jarod Tanksley  615.403.8265

www.BrentwoodandBeyond.com  (more helpful blogs)

Brentview Realty  615.373.2814

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Posted on 10/24/2018 9:40 AM by jarod tanksley
Monday, 22 October 2018
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Nashville doesn't have to be a place for just out-of-town visitors to have fun.  What about those who make Nashville their home?  Take the time to discover the place you call home - and all the beauty it has to offer you and your family.  Sometimes we seem to be too busy "doing life" that we forget to slow down and enjoy all that the Nashville area has to offers the young and old. 

Family fun is everywhere.   How many of you didn't realize that Nashville has an incredible zoo for all ages to enjoy?  "Boo at the Zoo" is an amazing annual celebration but you can enjoy a great time at the zoo any time. The Adventure Science Center which will spark your curiosity with science and wonder.  If you are a music lover, and almost everyone is, you can enjoy the Country Music Hall of Fame, the Grand Ole Opry, the legendary Bluebird Cafe, or the the Nashville House Concerts combining concerts, interviews and all kinds of fun.

Festivals galore are available in the Fall. Artober Nashville  is a month long celebration in the arts and culture of the South.  The Jewish film festival will be celebrating its 18th year bring education, entertaining and thought provoking Jewish themed films to the Nashville area.

Halloween is in full bloom as of October 25 to November 2nd.  You can get dressed up for a Halloween bash, find a pumpkin patch, test your bravery in an haunted house or maybe something new like a ghost tour.  Experience the chills and thrills of a Nashville Halloween season in your hometown.

There are 25 wine producers across the state that showcase their best selections.   You can find live music, artisan crafts and gourmet foods to partake of and with that some amazing wines.

Last but not least, A Country Christmas starts November 9th 2018 - January 1st, 2019.   This is an annual music theatrical presentation that local patrons and visitors alike enjoy from year to year. 

While Nashville is not in the same class as the Northeast with the changing colors of leaves in Autumn but there are some great spots to see the glory of the color here in Middle Tennessee.  For instance, Radnor Lake in South Nashville is an amazing spot for all ages to take in the beauty of the Fall foliage.  A few other places to plan to visit Peeler Park which is also a great place for hiking.  While we are talking about places to hike and admire Fall foliage we can't leave out the 4,000 acres of Montgomery Bell Park.  The Harpeth River State Park, Long Hunter State Park and the Warner Parks give us nature sanctuaries allowing us to see wildlife while taking in the beauty of the leaves of many colors.  A well kept secret that many have no idea about is the beautiful waterfall in Tennessee's Fall Creek Falls State Park or Cane Creek Cascades gushing 45 feet down into a beautiful pool of clear water below.  

It would take you more weekends than Fall holds to venture out and experience the Fall Beauty in Nashville and Middle Tennessee.   So many sights and so little time.  We can make so many fun memories exploring all that the mid-state has to offer this Fall.

..."You've got a Friend in Real Estate"

Jarod Tanksley 615.403.8265

BrentwoodandBeyond.com  (more blogs...)

Brentview Realty 615.373.2814

 

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Posted on 10/22/2018 11:01 AM by jarod tanksley
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