It continues to be a sellers real estate market in Nashville. New figures from July show high demand and low supply of homes.
Nearly 30 home sales in Tennessee have been disrupted by letters making bogus claims on property titles. Tennessee’s Secretary of State Tre Hargett says it’s not clear what motivation is behind the letters, but his office is treating them as a possible new scam.
The struggling Hickory Hollow Mall has been sold at the fire-sale price of $1 million. The buyer was interested in a small space for a medical clinic. The property’s owner threw in the rest of the mall for the same price.
Real-estate agent Rob Wagner had to downsize his lifestyle and take on a second job after the bottom dropped out of the real estate market. But he’s happy wth the change and feels fortunate to have a second source of income.
Sales of high-end Nashville homes are up 24 percent from last year. Meanwhile, home sales in general continue to increase, following an eight-month trend of improvement from last year.
Home sales in the Nashville area continued to improve in January. That’s after last fall marked the end of a three year slide. Sales are up six percent compared to January of last year, thanks largely to the extended first-time homebuyer’s tax credit.
The number of midstate home sales declined again in April.