Who is Right About the Housing Market?



Shout out to The Money Guy Show produced here in Franklin, TN. Hosts Brian Preston and Bo Hanson ask, "Who’s Right About the Housing Market? (Dave Ramsey vs. Graham Stephan)."

Well, it depends! Brian and Bo offer 5 practical steps as we come through this transitional period. Check out the video linked above, it's informative and entertaining. The first step is to assess where home prices are going. They turn to financial expert Dave Ramsey who proclaims that prices aren't going down and to buy now. And then YouTube sensation Graham Stephan, who states that location matters and certain markets are overvalued.


Location Matters

For Middle TN, both words of advice happen to be correct and positive. Residential real estate trends are best viewed from both national and location-specific perspectives. Brian and Bo reference the long-term trajectory of our Middle TN market. I have included an appreciation graph that maps out the 5.9% historic annual gain. Nobody expects a repeat of the 25.4% jump we experienced locally in 2021. But moderation and sustainability are healthy outcomes. For homeowners, price appreciation will continue, though less accelerated. And in relief for buyers, rising inventory is enabling sensible choices.




A Healthy Outcome

Greater Nashville will continue to absorb available inventory even while active listings in our region have grown 73% over August 2021. 12 days on market is the norm. And we still only have 2.8 months of inventory, (# of listings divided by units sold per month). Compare current monthly inventory back over 15 years.




RE Portfolio Review

I like to prepare an annual RE Portfolio Review for my friends and clients. If you would like clarity about recent residential activity and pricing trends in your neighborhood, please reach out. BillDiebenow@parksathome.com, 615-337-3660



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