Posts from October 28th, 2010
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28
Nashville real estates fares better than most - WKRN News 2 (Nashville)
Posted: Oct 27, 2010 5:20 PM CDT
NASHVILLE, Tenn. - While still down, Middle Tennessee's real estate market fared better than larger cities during the recession.
According to the Case-Shiller home price index, home prices are back where they were in 2003 nationwide and over the last year, home values in 20 of the country's largest cities grew 1.7%.
The bad news is that in 15 of those 20 cities, prices dropped between July and August of this year.
In Nashville that's not necessarily true, according to local realtors like Becky Meagher with Crye-Leike.
"Ours has been much more [in the] middle of the road," Meagher explained.
"If you look in areas like Las Vegas, they have had tremendous growth up and then down," she continued.
In Middle Tennessee, according to Meagher, home values are dep...
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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