Investors — Nashville is your place to buy!

(originally posted November 9, 2011 8:01 AM  |     123 views  on trulia)

Viacom, parent of MTV, is opening an accounting office in Franklin according to Nashville Business Journal. The healthcare giant HCA is building a data center on 55-acres they recently acquired near Hickory Hollow in Antioch. Nashville is adding jobs.

Renters now make up more than 40 million households – about one-third of total  U.S. households, according to Freddie Mac Multifamily Senior Vice President David Brickman. For every 1% that the current  homeownership level of 66% decreases, one million individuals become renters.

The changing demographics also show a significant increase in immigrants, 20-34  year olds, and baby boomers entering the rental market.
The number of single family residential closings in WIlliamson County increased by 5.4% compared to October 2010. The median sales price is down from $358,508 in October 2010 to $327,000 in October 2011. Davidson County (Metro Nashville) has seen similar trends.
Nashville is illustrating a growing economy. Residential sales are increasing. Home prices are leveling. A wise investor can find some prime real estate right now in middle Tennessee.


One response to “Investors — Nashville is your place to buy!

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