15-03-2025
Report finds housing markets in several Middle TN counties among least vulnerable to problems
NASHVILLE, Tenn. (WKRN) — A report found housing markets in several Middle Tennessee counties were the most resilient to potential problems.
Though housing markets in Illinois, California, New York and Florida were found to be the most exposed to potential fallbacks, a Special Housing Risk Report from Attom — a real estate analytics firm — found Williamson, Davidson and Rutherford County markets to be among the least at-risk.
Data from Greater Nashville Realtors revealed a 5% dip in closings compared to the same time last year, which owner of One Stop Realty and Auction Brian Stewart attributed to multiple reasons.
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'Definitely a year where we experienced higher interest rates, inflation was up, the election has a lot to do with people not wanting to buy or sell,' Stewart, who is also 2025 Sumner Realtors President, said.
However, you won't find Stewart losing sleep over the situation. In fact, he said as of publication, Sumner Realtors has seen a roughly 4% increase in homes under contract.
'We have a Ford Ice Center that's going to be coming in as part of the Predators Package… There's so much around Metropolitan Nashville to offer that everybody can participate in. We have great parks. We have great schools,' Steward added. 'I think the numbers will still trend to the positive for growth and activity in the real estate market here as well.
In addition to some Middle Tennessee markets, areas in Washington, D.C. and Richmond, Virginia were also found to be least likely to decline. The report analyzed factors including affordability, foreclosures, and underwater mortgages.
'[In] other areas, the entry point to homeownership is so much higher and then you have higher homeowners' insurance rates in those parts of the country. California, obviously because of the fires, Florida because of the hurricanes,' said Debra Beagle, managing broker and co-owner of the Ashton Real Estate Group of REMAX Advantage.
In the coming months and years, Middle Tennessee realtors expect to see a more balanced, stable market.
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'It's a good time to buy because there are choices and there's opportunity to get closing costs paid for, some seller concessions to buy the interest rate down,' Beagle added. 'Again, Nashville's a great place — over the last two decades, when the rest of the country starts experiencing some pain points, we don't feel it as bad as they do.'
Despite the market dip, several realtors said they'd noticed an uptick in interest from buyers over the last several weeks and expect to see more activity as spring approaches.
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