Amazon Announces Continued Growth in Greater Nashville

Amazon.com Inc. has signed a lease for another distribution facility in Greater Nashville. The Nashville Business Journal counts this as Amazon's 14th facility in Middle Tennessee, pushing the retailer's total footprint in the region beyond 8 million square feet of industrial real estate. What this means of course for Greater Nashville...more jobs! Click here for the NBJ Amazon article.

Comments

Post a Comment

Popular posts from this blog

Nashville Yards - The Transformative Project shapes Nashville and Middle TN

Image
Nashville Yards lead developer Southwest Value Partners and its co-developer, Anschutz Entertainment Group (AEG) — which is handling the project’s entertainment portion — have released an updated master plan, plus details and renderings for at least a half-dozen proposed buildings.  The mixed-use development is slated for 7 acres of green space, according to an attached letter from architect Gresham Smith. Nashville Yards is one of the city’s biggest, most transformative projects. Situated at an entrance to downtown, the development has already secured tenants like Amazon, Pinnacle Financial Partners and Bass, Berry & Sims — with others expected to follow suit.  The master project was spearheaded by lead developer Cary Mack, who said that his property will contain at least eight residential towers by the time it's complete. If approved, the following two projects — which would add to the district’s planned or completed development that currently includes two Amazon-leased ...
Read more

Build a Proper Real Estate Context

Image
Build a proper context and gain a clear perspective. Volatility in the financial markets can cause anxiety.  It's understandable.  Especially with the speed of change brought on by the Fed tackling inflation through the hikes in interest rates. But consider these 2 points in proper context across time. It Remains a Seller's Market Housing has cooled but equity-rich homeowners are still in the driver's seat. Why? Years of tighter mortgage lending standards and sharp home appreciation mean homeowners have less debt and substantial amounts of equity. Because of this, we are unlikely to see the domino effect of an over-leveraged environment and price instability like we experienced at the outset of the Global Financial Crisis over a decade ago. That will keep inventory constrained. Low inventory means buyers’ options will remain limited. Check out the insightful article (click link) penned by the senior economist at Zillow Group. Yes, listings are up and sales have slowed. Bu...
Read more

Homebuyers Can Save Over $15,000 in Five Years with an Adjustable-Rate Mortgage

Image
Adjustable-rate mortgages are making a comeback. The rise in rates on the 30-yr mortgage is driving this renewed attention. But don't let the stigma that ARMs were to blame for fueling the 2008-09 financial crisis cause you to dismiss them today. Strict borrower qualifications on these loans carry much higher requirements than 15 years ago. And approved buyers have an average credit score of 750. Check out the WSJ report, ARMs are Back . What's the reward? An estimated savings of $15,582 over five years (roughly $260 per month) for the typical homebuyer, according to Redfin. The average interest rate on a 5/1 ARM was 3.98% during the week ending May 12, while the average rate on a 30-year fixed mortgage was 5.3%—a spread of 1.32 percentage points. What's the risk? Well, what's your time horizon to outgrow or want to move from your home? The average lifespan of a 30-year mortgage is under 10 years, and frequently well below that, according to Rocket Mortgage. That’s not ...
Read more