Nashville Real Estate

Blog has moved to www.GrantHammond.com

noreply@blogger.com (Grant Hammond) — Wed, 05 Aug 2009 05:22:00 +0000

So I began using Blogger way back in 2005 and was very, very loyal until I finally could not optimize this blog platform any further. I found that I was not able to give my readers all of the tools they needed in order to make the best investment decisions.

I am excited to say that this entire blog has moved to www.GrantHammond.com where you will find all of these old posts, tons of news ones and several excellent tools to help you make better purchase, sale and investment decisions in Nashville.

Be sure to follow this link to Nashville's Best Real Estate Blog

Mortgage Rates Eased Last Week in Tennessee

noreply@blogger.com (Grant Hammond) — Fri, 17 Jul 2009 02:24:00 +0000

Interest rates on 30-year fixed mortgages, 15-year fixed loans, five-year adjustable-rate mortgages, and one-year ARMs all fell this past week...read the rest of this Nashville mortgage story

If you found this mortgage info helpful, you may also like:
Buying a Condo at the Icon in the Gulch?
Mortgage Loan Rates Unchanged in Nashville
Fixed Rate Mortgages Settle After Sharp Gains
Mortgage Rates Hold Steady & Low

Whetstone Subdivision in Brentwood Foreclosed

noreply@blogger.com (Grant Hammond) — Tue, 14 Jul 2009 19:29:00 +0000

A Brentwood housing development with million-dollar homes, Whetstone, is in foreclosure.

Developers say this is the first major development in Brentwood to go into foreclosure...read the rest of the Brentwood Whetstone foreclosure story

If you found this post interesting, you will also like:

Huge Deal on Foreclosed House in Brentwood

Rolling Mill Hill to Enter Receivership

Buying a Condo at the Icon in the Gulch?

Foreclosure in The Governors Club in Brentwood!

Buying a Condo in the Encore Condos?

noreply@blogger.com (Grant Hammond) — Mon, 13 Jul 2009 13:02:00 +0000

If you are thinking about buying a condo in the Encore condos building in the SoBro area of Nashville, you need to speak with me now. If you are buying a condo or loft in any building in downtown Nashville...read the rest of the Encore condos story

If you liked this post, you may also enjoy:

Pictures of The Encore in Nashville, TN

New Nashville Convention Center Already Booking

Downtown Nashville Condos Sold in 2009

Downtown Nashville Condo Update

Buying a Condo at the Icon in the Gulch?

noreply@blogger.com (Grant Hammond) — Sat, 11 Jul 2009 19:35:00 +0000

If you are considering buying a condo at the Icon in the Gulch, you need to speak with me first. If you have a pre-construction contract on a condo in the Icon that you would like to renegotiate, you need to speak with...read the full Icon in the Gulch story here

If you liked this post, you may also enjoy:

The Gulch in Nashville Featured in USA Today

Downtown Nashville Condos Sold in 2009

Icon Developer Sued by Several Condo Buyers

The Icon In The Gulch - Nashville, TN

Nashville Rental Properties are Scarce

Music City Center Hotel Build Team Chosen

noreply@blogger.com (Grant Hammond) — Tue, 07 Jul 2009 14:15:00 +0000

Phelps Portman Nashville, LLC Selected to Develop, Design and Build 1,000-room Convention Center Headquarters Hotel in Nashville, Tenn.

NASHVILLE, Tenn. and ATLANTA, June 19 /PRNewswire/ - The Nashville Metropolitan Development and Housing Agency (MDHA) announced that it has selected Phelps Portman Nashville, LLC to develop, design and construct a 1,000-room hotel adjacent to the planned new Music City Center in downtown Nashville...read the full Nashville convention center story

More Music City Convention Center News and Updates:

New Nashville Convention Center Already Booking

Music City Convention Center Update

The New Nashville Convention Center
2 Year Analysis of Nashville Home Prices

New Nashville Convention Center Already Booking

noreply@blogger.com (Grant Hammond) — Mon, 06 Jul 2009 20:37:00 +0000

Two large associations representing 40,300 booked room nights in all have signed on to hold their conventions at the yet unbuilt Music City Center...read the entire Nashville convention center booking story

If you found this info helpful, you may also like:
Medical Trade Center May Come to Nashville

Metro Council agrees to Fund Convention Center
Music City Convention Center Update

Proposed Nashville Convention Center Con't

Steve McNair House in Green Hills area Nashville

noreply@blogger.com (Grant Hammond) — Sat, 04 Jul 2009 23:41:00 +0000

This is the current home of murdered Titan's quarterback Steve McNair. The home is located at 2430 Bear Road in the Green Hills area of Nashville...read the full Steve McNair home story

If you enjoyed this information, you may also like:
Pictures of Velocity in the Gulch in Nashville
5th and Main Condos in Nashville Survive
May 2009 Nashville Real Estate Market Stats
2 Year Analysis of Nashville Home Prices

Mortgage Loan Rates Unchanged in Nashville

noreply@blogger.com (Grant Hammond) — Thu, 02 Jul 2009 15:59:00 +0000

Interest on 30-year fixed mortgages settled at an average of 5.40 percent this past week, reports Freddie Mac, up from 5.38 percent in the previous week and much lower than the prevailing rate of 6.45 percent a year ago. Five-year, hybrid adjustable-rate mortgages...read the entire Nashville mortgage rates update

If you liked this mortgage article, you may also enjoy:
Fixed Rate Mortgages Settle After Sharp Gains
Freddie Mac Reports Rising Mortgage Rates
Mortgage Rates Continue to Soften
Fixed Mortgage Rates Rise Slightly

Nashville Rental Properties are Scarce

noreply@blogger.com (Grant Hammond) — Wed, 01 Jul 2009 17:11:00 +0000

NASHVILLE, Tenn. - While the real estate market remains a tough sell, the rental market in Nashville is red hot. According to local real estate experts, owners of luxury condominiums and million dollar houses may not be able to sell their homes but they can rent them for top dollar...read the full Nashville rental properties story

If you found this post helpful, you may also enjoy:
“For Sale” Becoming “For Rent”
Luxury Rental Property in Nashville, TN
Pictures of Velocity in the Gulch in Nashville
5th and Main Condos in Nashville Survive

The Rhythm Sues Cash Strapped Buyers

noreply@blogger.com (Grant Hammond) — Tue, 30 Jun 2009 23:18:00 +0000

The Rhythm at Music Row has become the latest new Middle Tennessee condo development to sue buyers who try to back out of their purchases.

Rhythm Partners LLC, the Brentwood-based developer of the 14-story, 105-unit condo building that came online this spring, filed suit Friday against four buyers who would not or could not close on their units...read the entire Rhythm sues condo buyers story

If you found this article helpful, you may also like:
The Terrazzo is Sued, ILSFDA Cited
Downtown Nashville Condo Update
Bristol Development May Sue..Continued
The Icon In The Gulch - Nashville, TN

Pictures of Velocity in the Gulch in Nashville

noreply@blogger.com (Grant Hammond) — Sun, 28 Jun 2009 15:07:00 +0000

The entrance to the Velocity is located on the Pine Street side of the building. This side of the building is currently 95 percent complete and looks quite modern....see dozens more Velocity condo pictures

If you enjoyed this post, you may also like:

The Gulch Racks Up Another Honorable Mention

Video of the Condos in the Gulch

5th and Main Condos in Nashville Survive

Fixed Rate Mortgages Settle After Sharp Gains

noreply@blogger.com (Grant Hammond) — Tue, 23 Jun 2009 02:36:00 +0000

Coming down from a seven-month high of 5.59 percent a week ago, rates on 30-year fixed home loans lowered to 5.38 percent last week. Freddie Mac reports that interest on 15-year fixed mortgages was lower as well, slipping to 4.89 percent from 5.06 percent over the same period...read the entire Nashville mortgage rates article

If you found this information helpful, you may also like:
Freddie Mac Reports Rising Mortgage Rates
Nashville, TN Mortgage Rates Surge
Nashville Mortgage Rates Drop Again
Mortgage Rates Drop Below 6%, Again

Real Living Properties Caught in Clarksville Fraud

noreply@blogger.com (Grant Hammond) — Tue, 16 Jun 2009 23:17:00 +0000

When hiring a property management company you need to do your due diligence to be sure that you are dealing with a reputable company.

'CLARKSVILLE, Tenn. - A woman was hired to collect rent checks, but police said she pocketed the money instead of delivering thousands of dollars to property owners...read the full Real Living Properties fraud story

If you liked this article, you may also enjoy:
“For Sale” Becoming “For Rent”
Luxury Rental Property in Nashville, TN
Is Crye-Leike The Next Company to Fold?
Freddie Mac Reports Rising Mortgage Rates

Freddie Mac Reports Rising Mortgage Rates

noreply@blogger.com (Grant Hammond) — Tue, 16 Jun 2009 04:22:00 +0000

Rising mortgage rates put the brakes on mortgage refinancing last week, according to Freddie Mac. The firm’s weekly survey pegged interest on 30-year fixed mortgages at an average of 5.59 percent - up from 5.29 percent last week and the highest rate since November 2008...read the entire Freddie Mac mortgage rates article

If you liked this mortgage info, you might also like:
Nashville, TN Mortgage Rates Surge
Mortgage Rates Rise - HASP Program Fixed?
Nashville Mortgage Rates Still Under 5%
Nashville Mortgage Rates on the Rise

5th and Main Condos in Nashville Survive

noreply@blogger.com (Grant Hammond) — Sun, 14 Jun 2009 04:05:00 +0000

It is rumored that the 5th and Main condos in Nashville have endured receivership and will be placed back on the market any day. From what I understand, Wachovia Bank continues to be involved in the project as the primary construction lender and has actually already resumed construction in phase II...read the full 5th & Main condo story

If you found this post helpful, you may also like:

May 2009 Nashville Real Estate Market Stats

2 Year Analysis of Nashville Condo Prices

Rolling Mill Hill to Enter Receivership

First Major Condo Project Is Seized

Is Crye-Leike The Next Company to Fold?

noreply@blogger.com (Grant Hammond) — Sat, 13 Jun 2009 02:16:00 +0000

Not likely. This appears to be an isolated case where Harold Crye happens to be the defendant. Although, I have spoken with a few people close to the situation who are quick to point out that Mr. Crye did build quite a few commercial developments over the past decade and that his commercial real estate division seems to be in trouble. I have no way to confirm these claims except to agree that I have seen quite a few vacancies in Crye-Leike anchored strip centers...read the entire Crye-Leike article here

If you found this information helpful, you may also like:
May 2009 Nashville Real Estate Market Stats
Rolling Mill Hill to Enter Receivership
First Major Condo Project Is Seized
2 Year Analysis of Nashville Home Prices

May 2009 Nashville Real Estate Market Stats

noreply@blogger.com (Grant Hammond) — Wed, 10 Jun 2009 13:27:00 +0000

The Middle Tennessee MLS (Realtracs) just released May 2009 stats. The following graph and analysis are based upon the residential single family homes and condos market. As you may recall in April, closings were up almost 65% from January. Did May continue breaking our expectations?

Inventory levels continued a slight rise in May, up 1.2 percent from April and 10.8 percent since January. There were a total of 17,626 active homes and condos in Nashville last month...read the full Nashville real estate market analysis

If you found this article helpful, you may also enjoy:

2 Year Analysis of Nashville Home Prices

2 Year Analysis of Nashville Condo Prices

Nashville, TN Mortgage Rates Surge

Real Estate Market Trends in Nashville

Rolling Mill Hill to Enter Receivership

Nashville, TN Mortgage Rates Surge

noreply@blogger.com (Grant Hammond) — Tue, 09 Jun 2009 13:59:00 +0000

Freddie Mac reports a surge in the 30-year fixed mortgage rate to a 25-week high of 5.29 percent during the week ended June 4, up from 4.91 percent the prior week. This is the second straight week of significant rate jumps, up almost 10 percent in just 2 weeks...read the complete Nashville, TN mortgage rate story

If you found this information helpful, you may also like:
Mortgage Rates Rise - HASP Program Fixed?
Mortgage Rates in Nashville Lower Again
Nashville Mortgage Rates Still Under 5%
2 Year Analysis of Nashville Home Prices

The Gulch Racks Up Another Honorable Mention

noreply@blogger.com (Grant Hammond) — Mon, 08 Jun 2009 22:09:00 +0000

For a century the Gulch was just a barren railroad corridor, then redevelopment brought it back from the dead. It also created the first LEED Neighborhood Development certification in the South - all while preserving some history. Don’t miss the Station Inn, the mother church of bluegrass, now flanked by new condos and sushi bars...read the full Nashville Gulch awards story

If you liked this post, you might also like:

The Gulch in Nashville Featured in USA Today

Video of the Condos in the Gulch

The Terrazzo Gains Commercial Office Tenant

Nashville: The 20th Century in Photographs

noreply@blogger.com (Grant Hammond) — Sun, 07 Jun 2009 15:25:00 +0000

I just caught the first hour of "Nashville: The 20th Century in Photographs" on NPT and cannot wait to see the next few hours! It was strange to learn that Nashville was the center of banking for the South and was even known as the Wall Street of the South until the Great Depression...read the full Nashville article here

If you found this post helpful, you may also enjoy:
2 Year Analysis of Nashville Condo Prices
2 Year Analysis of Nashville Home Prices
GM Received $19.4 Billion in Bailouts Still Bankrupt
Medical Trade Center May Come to Nashville

2 Year Analysis of Nashville Home Prices

noreply@blogger.com (Grant Hammond) — Fri, 05 Jun 2009 13:33:00 +0000

The above graph shows a median price analysis compared to the average inventory held for the Nashville single family home market since the first quarter of 2007 through the second quarter of 2009. This is market information that I have collected using the official home sales numbers from GNAR and are deemed to be accurate...see the entire analysis of Nashville home prices

If you found this post interesting, you may also like:

2 Year Analysis of Nashville Condo Prices

Federal Tax Credit Used as Down Payment

The Healthiest Housing Markets for 2009

January Home Sales Numbers For Nashville

Rolling Mill Hill to Enter Receivership

noreply@blogger.com (Grant Hammond) — Thu, 04 Jun 2009 21:25:00 +0000

It is not my habit to speculate, although I have privately for some time, that the Rolling Mill Hill project is going to enter receivership, but I have it on good accord that this will come to pass. Should this project enter receivership, it will be the third condo development in Middle Tennessee to do so since February 5, 2009. The previous two projects were the 5th and Main building in East Nashville and The Braxton project in Ashland City, 25 miles from downtown...read the entire Rolling Mill Hill receivership posting

If you liked this article, you may also like:
2 Year Analysis of Nashville Condo Prices
Metro Council agrees to Fund Convention Center
The Terrazzo Gains Commercial Office Tenant
The Gulch in Nashville Featured in USA Today

Mortgage Rates Rise - HASP Program Fixed?

noreply@blogger.com (Grant Hammond) — Tue, 02 Jun 2009 21:44:00 +0000

Freddie Mac reports that interest on most long-term mortgages rose this past week. According to the firm, 30-year fixed loans came in last week at an average rate of 4.91 percent, up from 4.82 percent a week earlier; while 15-year fixed mortgages settled at 4.53 percent compared to 4.50 percent over the same period. Interest was also higher on five-year adjustable-rate mortgages, which bumped up to 4.82 from 4.79; but the one-year ARM slipped down to 4.69 percent from 4.82 percent. Read more about Nashville mortgage rates and HASP

Past information on Nashville mortgage rates:

Mortgage Rates in Nashville Lower Again

Nashville Mortgage Rates Still Under 5%

Nashville Mortgage Rates Inch Upward

Nashville Mortgage Rates Continue Record Fall

2 Year Analysis of Nashville Condo Prices

noreply@blogger.com (Grant Hammond) — Mon, 01 Jun 2009 16:40:00 +0000

The above graph shows a median price analysis compared to the average inventory held for the Nashville condo market since the first quarter of 2007 through the second quarter of 2009. This is market information that I have collected using the official condo sales numbers from GNAR and are deemed to be accurate. See the full Nashville condo price analysis

If you found this post helpful, you may also like:

The Terrazzo Gains Commercial Office Tenant

Upcoming Condo Foreclosure in The Enclave

The Gulch in Nashville Featured in USA Today

Downtown Nashville Condos Sold in 2009

Nashville Real Estate Market Report February 2009