(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.