Bill Diebenow Properties

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 ...

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.

Year-over-year multifamily rent growth was up by double digits in nine of 30 U.S. markets. Metro areas that posted the largest year-over-year increases in rents are all Sunbelt metros that are also experiencing the biggest population growth. Asking rents for non-leased apartments grew 6.3% from June 2020 to June 2021. Nashville saw a 7.7% climb. Click to take a look at the article and study produced by commercial real estate data company Yardi Matrix.

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.

Nashville’s surging appeal is demonstrated in both its tourism scene as well as its real estate growth. It’s exciting for me to see the thriving parallels in both of my career industries. Nashville International Airport (BNA) passenger numbers have climbed higher than pre-pandemic levels. Check out this brief Nashville Business Journal article .

New construction has been gaining rapid popularity among buyers as homes for sale grow increasingly scarce. But with so many amenities and finish options to choose from, how do you know which features will return the most value for the money? Real estate tech company Dotloop recently spoke to homebuilding experts to get their input on how buyers can get the most bang for the buck. Here’s their top 10 list of trending, high-ROI new home features. Click here for the report.

Music City USA continues to be a juggernaut of growth. CBRE, where I started my career, published this linked article that highlights Greater Nashville’s flourishing economy. The continued expansion is matched by an outstanding labor pool to support the future workforce needs. Yet to complement the native workforce, thousands of people are flocking to Nashville each year. The author cites that Tennessee ranked No.1 on U-Haul’s 2020 Migration Trends report, recording the highest number of Americans moving here from out-of-state, many from the West Coast and northeastern cities.