Bill Diebenow Properties

The many exciting intersections of real estate and tourism! Southwest Value Partners has drawn attention for compiling 17 acres north of the Union Station hotel for its Nashville Yards project. Two towers for Amazon.com employees have marked the site’s biggest news. Additionally, a 25-story Grand Hyatt opened in October, and Anschutz Entertainment Group is working on a four-acre entertainment district. Nashville Union Station Renovations and Nashville Yards Development

Fun to highlight a hospitality story. Nashville and the Graduate Hotel’s White Limozeen rooftop - celebrating Dolly Parton - is gaining national acclaim. Opened in July 2020, the indoor/outdoor venue is one of 27 U.S. bars recognized by Esquire Magazine in its annual “Best Bars in America.” Nashville rooftop bar cracks Esquire’s ‘Best Bars in America’

This Goldman Sachs study and Business Insider article states that the supply-demand imbalance will persist in the years ahead. Primary reasons are the millennials aging into a homebuying time of life and the limited availability of construction materials and workers.

A consistent performer! Residential property has provided residents of Greater Nashville a solid return on appreciation (averaging 4.7% growth annually). This study spans 40 years. Even the dip during the Great Recession from 2008-2011 wasn’t as pronounced here as in other parts of the country. But are we facing a bubble scenario? The Realtrends author says no, and supports the position with a macro viewpoint across the US housing market. Even more so, Greater Nashville has extraordinary strength from multiple resources including the relocation draw from industry as well as the Work from Home phenomenon. People simply want to live here. Realtrends May 18, 2021 Article - 7 Reasons we’re not in a real estate bubble

So many of us love the flexibility to work from home and the lifestyle choices or relocation opportunities this enables. However, as this Nashville Business Journal article states, employers and employees need to be mindful of local and state tax laws in order to avoid pitfalls. Click NBJ

That’s a 17% year-over-year gain. It’s fueled by a combo of record-low mortgage rates and a wave of migration made possible by remote work. Almost two-thirds (60%) of people expect to continue working from home at least part time after the pandemic. The South is expected to lead the way with $1.09 trillion of home sales forecast for 2021.The region has attracted scores of out-of-town homebuyers who are in search of affordability and space. Nashville is among top 10 U.S. metros with the biggest net inflows in the first quarter. Click to read the Redfin article.