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Showing posts from August, 2021

Nashville's five-year tech job growth is biggest in the nation, CBRE study finds

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Cities across the country are jockeying to entice tech companies and bolster that kind of education at their schools and universities, seeing those jobs as a way to future-proof their economies. The race is on in Nashville, as the region gears up for office hubs from Amazon.com Inc. and Oracle Corp. and as the Greater Nashville Technology Council pursues a goal of doubling the region's tech workforce by 2025. CBRE ranks 50 metro areas in North America in its "Scoring Tech Talent" report (Click link), using 13 factors to gauge each area's ability to attract and develop tech talent across 20 types of professions within that industry. Here are the Nashville metro area highlights: > Nashville has 35,190 tech workers — a leap of 36.1% from the tally in 2015. That is the largest percent change of any U.S. market in that time. It's a gain of 9,330 workers, and the pace is accelerating: Two-thirds of those jobs appeared within the last two years.  > Nashville ...

June 2021 Home Price Index gain was the highest year-over-year gain since 1979

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National home prices increased 17.2% year over year in June 2021, according to the latest CoreLogic Home Price Index Report (click) . While affordability challenges intensify, low mortgage rates, rising savings and an improving labor market are helping to keep homeownership within reach for many prospective buyers. CoreLogic projects home price gains may slow over the next 12 months as demand moderates and for-sale inventory rises. Selma Hepp, CoreLogic Deputy Chief Economist, comments: The imbalance between robust demand and dismal availability of for-sale homes has led to a continual bidding over asking prices, which reached record levels in recent months . . . . Nevertheless, with more new listings and new home construction, home price acceleration that has built momentum, and continues to reach new highs, will likely slow later this summer but remain in double digits.