Nashville Tennessee Living

Middle Tennesseans feel the Stress of their Past Due Mortgages

Today it was reported that 5.8% of Nashville area home loans were more than 90 days past due. North Nashville, LaVergne, Antioch and Madison area codes had defaults of over 8%. The national average is 8.4% but middle Tennessee has thus far stayed well below the national average.

These neighborhoods and others like them have a high concentration of moderate to lower income homeowners. With unemployment hitting 9.4% in December, these same homeowners are often some of those first cut from their jobs when companies downsize or just trim their budgets. ALSO this is the same demographic that also fell victim to the subprime lending practices that caused this foreclosure meltdown in the first place.

If you or anyone you know is facing foreclosure call your banker and see if you can workout a repayment plan. Call the Tennessee Housing Development Agency for names of Foreclosure Counselors. Or call a Realtor and see if you can't get your home sold before it is foreclosed on. There are many First Time Homebuyers out there trying to buy their first home while the First Time Homebuyer Tax Credit is still available.

Connie Harveyis a local agent with Prudential Woodmont Realty, serving home buyers and sellers in Nashville, TN, Brentwood TN, and Franklin TN. Let her help you realize your Real Estate goals.

Connie can be reached at 615-661-7800 x 1300 or at HarveyC@realtracs.

Follow her Blog: Nashville Tennessee Living

Nashville TN Real Estate finally picks up! October closings showed a 22.7% increase over October of 2008. This is the first time since October of 2006 that Nashville home sales have had an increase on a year-to-year comparison for any month. October reported 2145 closings for the month, up from the 1748 for October 2008.

Though the year to date closings are still down 18.4%, GNAR reported that inventory is finally down to an 8 month supply. November sales will probably also be up as so many first time home Buyers puchased with November closings trying to beat the original expiration date of November 30th for the tax credit.

Mike Nichols, the current president reported:

“This is undeniable evidence that the $8,000 tax credit has been meaningful in stimulating home sales. There is no question that many of these sales were initiated due to the tax credit and it is certainly our hope that, with the expansion and extension of this tax credit through next spring, we will continue to see positive sales in the area.”

“This is really positive news for the area economy beyond those directly involved in the home sales transactions. Many new homeowners purchase appliances, furniture, floor covering, landscaping, lighting and other household items that help make their new house become their new home.”

Nashville TN Real Estate pending sales at the time of this report were at 2106. That is a 29% increase over the 1504 units pending this time last year, October 2008. Read the full report about the Nashville TN Real Estate market.

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Connie is a local agent with Prudential Woodmont Realty, serving home buyers and sellers in Nashville, TN, Brentwood TN, and Franklin TN. Let her help you realize your Real Estate goals.

Connie can be reached at 615-661-7800 x 1300 or at HarveyC@realtracs.

Follow her Blog: Nashville Tennessee Living

Nashville TN Real Estate - 14694 Old Hickory Blvd - South Nashville/Cane Ridge

New on the market, this lovely Ranch style home sits on almost 1 full acre! From the covered front porch to the large deck overlooking your private yard, this house is First Class all the way.

In the Nashville TN Real Estate market, it's often hard to find a unique home outside of a neighborhood. Sometimes you just don't want to look like everyone else!

The bright open floor plan will delight you when you're home alone and when you choose to entertain! It's beautiful and well kept with custom features throughout.

She will love cooking in the large well layed out kitchen!

The Master Suite has a vaulted ceiling and large windows in the bedroom. The bath has a whirlpool tub, separate shower and his and her vanities.

The home also has a full walk out basement that has been partially finished as a guest suite with large sitting area and separate sleeping space. The garage is oversized with a work area just for HIM! Being out of a subdivision, there are no neighborhood covenants and bylaws. Need to work out of the house? Not a problem!

Priced at $219,900 this home is a great value!

Connie Harvey works as a full time Realtor with Prudential Woodmont Realty in Brentwood TN. She serves Buyers and Sellers in all of Nashville TN, FranklinTN, Brentwood TN and surrounding areas. Contact her at 615-661-7800 x 1300 or HarveyC@Realtracs.com.

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Nashville TN Real Estate- 143 Colemont Court

Absolutely adorable home move in ready for you and your family!This cutie sits at the end of a quiet street in a cul-de-sac. The Tuscullum area is just west of I-24 and comes off of Nolensville Road, North of Old Hickory Blvd.

The yard slopes away at the back to a small creek at the bottom of the hill.

The carpet and HVAC are new so you can just move in and call this place home. 3 Bedrooms and 2 baths are on the main floor.

The basement wraps around the bottom and has plenty of room to use as you see fit! There is also walk in storage and a garage.

If you're in the Market for Nashville TN Real Estate this is Only $149,950 and the kids can walk to Cole Elementary School!

Only minutes to Downtown, Brentwood, the Airport and Cool Springs.

If you are a first time home buyer, this home will qualify for the $8000 tax credit that the government is offering as part of the stimulus plan.

Connie Harveyis a full time Realtor with Prudential Woodmont Realty Group in Brentwood TN. She serves Buyers and Sellers in all of Nashville, Franklin and Brentwood TN. Contact her at 615-661-7800 x 1300 or HarveyC@Realtracs.com.

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