Nashville area home showings on rise in March

Nashville Area Home Showings for March 2009

Nashville’s largest Realtor, Crye-Leike Realtors, Inc. reported Nashville area homes  have begun to show again. Stretching back to August of 2008 monthly home showings  in the Nashville area had fallen at first below 3,000 showings and then to just barely 2300 in December.

‘These numbers are going to make a lot of Nashville area home sellers very happy” said Crye-Leike’s  Cathy Wood.   Cathy went on to share three reasons for this rebound in Nashville home showings.

First- The Governments new Tax Rebate program for first time buyers.  “$8,000 is a lot of money to first time buyer and with the new THDA  rules, many  Nashville area home buyers can even use it as a down payment”.

Second- Cathy noted the current Interest rates available to buyers. ” We’re seeing mortgage rates at 5% or lower.”  To the first time buyer that means a $100,000 mortgage for about $500 + Insurance and Taxes. “You can’t rent a home in Nashville for that”.

Lastly- The inventory.  “with over 20,000 homes available on the  Nashville MLS, there is something for everyone no matter what their taste or budget. Even here in Mt. Juliet we have almost 700 homes available for sale today