Thread: real estate
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Old Oct 18, 2007 | 02:31 PM
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V-12
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From: Belle Meade
Default real estate

Real estate has always been a hobby of mine (I am not a realtor) and I was curious if members around the country, that follow it as well,
would give a brief and "uneducated" market condition of their local market.

Nashville is definitely slowed but prices are holding up - however I do not think that will last. Surrounding bedroom communities are not doing as well - but nothing like Vegas or S. Florida. The downtown condo boom has really slowed. Mcmansions in the new suburbs/golf developments are not pretty. The worst hit are in surrounding communities where there are developments, built up, but still with many lots to sell. My gut feeling is that the worst is yet to come and unfortunately, Nashville is one of the bankruptcy capitals of the country. Though I don't know why - I welcome anyone with a different opinion of this area.

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