Nashville and the Best Cities for First-Time Homebuyers – 2021 Edition

Take note that Nashville is recognized as the best city in the country for first-time homebuyers by financial technology company SmartAsset. Middle Tennessee was actually a double real estate winner in the Best Cities 2021 study (click here). Nashville ranked No. 1 (and nearby Murfreesboro No. 5) among the 163 the largest U.S. cities. 12 metrics were analyzed across four major categories: home market favorability, affordability, livability and employment.

Comments

Post a Comment

Popular posts from this blog

Not so fast! What is the Sizzle in Your Location?

Image
Shout out to the Money Guy Show produced right here in Franklin, TN. This isn't the first time I have highlighted the guidance of Brian Preston and Bo Hanson in my communications. I appreciate their common sense advice and easy-to-follow checklists. In the Money Guy Show episode  (click link) produced on March 10, Brian and Bo respond to nationally recognized voices of authority who are in conflict. Harry Dent says a big housing crash is coming. Dave Ramsey maintains a position that now is still the time to buy. Considering and following the Money Guy Home-Buying Checklist is helpful in right-sizing the question of "to buy or not to buy?" to your personal circumstances. What particularly interests me most follows the age-old real estate mantra location, location, location. Brian asks, "What is the sizzle of your location?" It's a mistake to put a blanket projection over the entire country. What are the migration patterns, which companies are driving job grow...
Read more

Tech Talent is Surging in Nashville and other Cities in the Southern US

Image
Tech talent is growing across the country — but especially in the Sunbelt region, including a strong showing in Tennessee. A recent analysis by LinkedIn’s Economic Graph team reveals the 15 U.S. metro areas that have shown the greatest increase in local tech talent over the past three years, and southern cities dominate the list. The top 15 includes both Nashville and Chattanooga in Tennessee. From the remainder of the list, three were hubs in Florida, three more in North Carolina, and two in Texas. This ranking focuses on the fastest three-year growth rates. Bear in mind that the tech sector involves far more than just the high-paying, big-company software engineering roles that command so much media attention. This analysis focuses on the full sweep of information technology skills, as well as roles in mechanical, civil, electrical, chemical and bio engineering. To learn more about the fastest growing tech hubs in the U.S., read the latest edition of Workforce Insights: https://lnkd....
Read more

Homeownership Provides an Alternative to Rising Rents

Image
Rental increases reached a dramatic level in 2021. According to ApartmentList.com  (click for article), “Over the course of calendar year 2021, the national median rent increased by a staggering 17.8%. To put that in context, annual rent growth averaged just 2.3% in the pre-pandemic years from 2017-2019.”  Middle TN's local markets recorded Nashville up 21.3%, Franklin 26.4% and Spring Hill 28% over this past 12-month period. That's stunning! Realtor.com projects prices for vacant units will grow 7.1% in the next 12 months. If you’re a renter facing rising rental costs, you might wonder what alternatives you have. If so, consider homeownership. One of the many benefits of homeownership is it provides a stable monthly cost you can lock in for the duration of your loan. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says, “...fast-rising rents and increasing consumer prices, may have some prospective buyers seeking the protection of a fixed, cons...
Read more