🎉🎉🎉 Hi 👋🏼 Mr. Ethan 😊 You know that I love your data and what you bring to us. But would you ever consider doing some “Boots on the ground” videos for us? It’s one thing to see the numbers but it feels so much stronger when you actually show us the houses in person. Please don’t get me wrong, you know how much I appreciate your channel. It also breaks up the monotony (sorry if I spelled that wrong). But I hope that you know what I mean. This Nashville market has been one very interesting places in the U. S. that keeps me on my toes. I lived in Middle Tennessee for about 20 years and it just blows my mind how the prices keep going up 😮❗️ Some of the prices in Mount Juliet are right there in line with some of our cities here in California. It’s just silly 😜. Thank you very much Ethan and can’t wait to see you next Saturday. Blessings,Carlos ✝️🙏❤️😊🇺🇸
Always appreciate the ideas Carlos! I was just thinking how hard it is to do one video a week 😂. I seriously don’t know how some of these youtubers do it.
Hi Carlos. I am a new construction realtor from Redondo Beach, California now living in Franklin. You are spot on..Prices here in Williamson County are more expensive than Southern California.
Absolutely right on the rates - Zandi knows it is complicated but he choose to mention the employment and inflation only.... It has to be high enough to auction off the T-notes
Do you think prices will ever drop dramatically? Just curious, I bought in 2021 and am looking to sell/move but don't want to buy if things are going to drop alot.
I don’t know. They could drop 20-30%. Or I can think of several reasons they could go up. Foreclosure moratorium. Universal basic income. Stimulus checks like 2020-21. Chances are it will be a mix but seriously have no idea. 🤷♂️. Bottom line. Rents don’t match historical with where mortgage payments are. I suspect they will drop some but rents will continue to increase.
@@user-rw8zj1td9v the problem is when you give up your 3% mortgage rate. The fair market value of that debt is likely 30% less than what you owe. So if you have a $300K mortgage then you are literally cashing out of a mortgage bond that is on a bank balance sheet somewhere at $200K. You are bailing out the bank and handing them a thank you card with $100K in it.
The process server here again. This week Aa driving around in Davidson and Wilson county. Homes are popping up everywhere for sale. And prices are being cut. 2 more homes went up for sale in my hood too. Crash is coming
Manufacturing and small businesses are struggling more than I've seen since 2010. Nissan and GM are in shutdown, big corporations with the cash to weather this uncertainty are essentially paused. A spike in unemployment will not surprise me.
GM added an extra week of shutdown to reduce the line speed. They claim parts but it is because no one actually wants ev's. After the election they will most likely lay off a shift in spring hill
@@BCFC954 I hear you. But housing demand in Nashville is up for the first time since April. Any drop in rates will spur demand a lot more than in the past. Just my opinion. I hope I’m wrong. $8T in money printing and it’s still sloshing around. Inflation will soar at the first sign in cuts. It’s why the stock market is going vertical right now.
@@BCFC954 couldn’t agree more with your sentiment. The inventory build in Davidson specifically is alarming and the Condo / Airbnb market is very high risk right now. In Williamson County however, inventory is flat year over year and demand is up. Pretty wild contrast.
I think a lot of people are looking for a house on 5 acres at a reasonable price. We bought a brand new home 2 years ago in Middle TN for 600K 3000 sq/ft 5.5 acres Maury County. Now the same property is well over 800K but there is no inventory. Prices are still crazy in TN.
I’ve talked to several people moving to Sumner that started in Williamson. The Rutherford is just a guess as the contract volume picked up there from a much lower place a few weeks ago.
@@EthanFlynn Yes but why? The only reason I can think that people would want to move from the best locations to a worse one is because they were forced out. (Unaffordable taxes, 2022 buyers 2-1 buydown expired etc.)
Interesting clarification. Bloomberg is suggesting it’s bonds. But if it is Bills that’s still additional US debt that has to be absorbed in a short amount of time. No? Would be curious to get your thoughts on this.
43 percent small businesses can’t pay their rent. Everything is historically over leveraged. We don’t have to speculate on where interest rates are going. They are going to 0 (hopefully not below). There is no alternative 😢.
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🎉🎉🎉 Hi 👋🏼 Mr. Ethan 😊
You know that I love your data and what you bring to us. But would you ever consider doing some “Boots on the ground” videos for us? It’s one thing to see the numbers but it feels so much stronger when you actually show us the houses in person. Please don’t get me wrong, you know how much I appreciate your channel. It also breaks up the monotony (sorry if I spelled that wrong). But I hope that you know what I mean.
This Nashville market has been one very interesting places in the U. S. that keeps me on my toes. I lived in Middle Tennessee for about 20 years and it just blows my mind how the prices keep going up 😮❗️
Some of the prices in Mount Juliet are right there in line with some of our cities here in California. It’s just silly 😜.
Thank you very much Ethan and can’t wait to see you next Saturday.
Blessings,Carlos ✝️🙏❤️😊🇺🇸
Always appreciate the ideas Carlos! I was just thinking how hard it is to do one video a week 😂.
I seriously don’t know how some of these youtubers do it.
Hi Carlos. I am a new construction realtor from Redondo Beach, California now living in Franklin. You are spot on..Prices here in Williamson County are more expensive than Southern California.
@@kimbrown8745 hi Kim. Are you saying avg/med prices are higher or comparable houses (size/quality) are more expensive in Williamson?
Absolutely right on the rates - Zandi knows it is complicated but he choose to mention the employment and inflation only.... It has to be high enough to auction off the T-notes
Up they will go. There’s too much.
Do you think prices will ever drop dramatically? Just curious, I bought in 2021 and am looking to sell/move but don't want to buy if things are going to drop alot.
I don’t know. They could drop 20-30%. Or I can think of several reasons they could go up. Foreclosure moratorium. Universal basic income. Stimulus checks like 2020-21.
Chances are it will be a mix but seriously have no idea. 🤷♂️.
Bottom line. Rents don’t match historical with where mortgage payments are. I suspect they will drop some but rents will continue to increase.
@@EthanFlynn For sure. If I just transfer my equity built since 2021 then it's just monopoly money anyways right? lol
@@user-rw8zj1td9v the problem is when you give up your 3% mortgage rate. The fair market value of that debt is likely 30% less than what you owe. So if you have a $300K mortgage then you are literally cashing out of a mortgage bond that is on a bank balance sheet somewhere at $200K. You are bailing out the bank and handing them a thank you card with $100K in it.
4 new listings in my neighborhood in last week
Plus builder inventory
We going lower $
The process server here again. This week Aa driving around in Davidson and Wilson county. Homes are popping up everywhere for sale. And prices are being cut. 2 more homes went up for sale in my hood too.
Crash is coming
I have two college degrees and getting a white collar job is not easy anymore
College degrees aren’t what they used to be.
I feel a sense of entitlement. Degrees are just a piece of paper
Manufacturing and small businesses are struggling more than I've seen since 2010. Nissan and GM are in shutdown, big corporations with the cash to weather this uncertainty are essentially paused. A spike in unemployment will not surprise me.
Nissan and GM shutdown? Can you elaborate? Are they reducing their hours?
GM added an extra week of shutdown to reduce the line speed. They claim parts but it is because no one actually wants ev's. After the election they will most likely lay off a shift in spring hill
Don’t forget the inflation reduction act passed Oct of 22
Fed will not drop the rate. We will plug along flat until 2025, IMHO.
Very possible
@@BCFC954 I hear you. But housing demand in Nashville is up for the first time since April. Any drop in rates will spur demand a lot more than in the past. Just my opinion. I hope I’m wrong. $8T in money printing and it’s still sloshing around. Inflation will soar at the first sign in cuts. It’s why the stock market is going vertical right now.
@@BCFC954 couldn’t agree more with your sentiment. The inventory build in Davidson specifically is alarming and the Condo / Airbnb market is very high risk right now.
In Williamson County however, inventory is flat year over year and demand is up. Pretty wild contrast.
I think a lot of people are looking for a house on 5 acres at a reasonable price. We bought a brand new home 2 years ago in Middle TN for 600K 3000 sq/ft 5.5 acres Maury County. Now the same property is well over 800K but there is no inventory. Prices are still crazy in TN.
Good call out
Why would people move to Rutherford and Sumner from Wilson and Williamson?
I’ve talked to several people moving to Sumner that started in Williamson. The Rutherford is just a guess as the contract volume picked up there from a much lower place a few weeks ago.
@@EthanFlynn Yes but why? The only reason I can think that people would want to move from the best locations to a worse one is because they were forced out. (Unaffordable taxes, 2022 buyers 2-1 buydown expired etc.)
Japan sells treasury bills not bonds to support yen
Interesting clarification. Bloomberg is suggesting it’s bonds. But if it is Bills that’s still additional US debt that has to be absorbed in a short amount of time. No?
Would be curious to get your thoughts on this.
43 percent small businesses can’t pay their rent. Everything is historically over leveraged. We don’t have to speculate on where interest rates are going. They are going to 0 (hopefully not below). There is no alternative 😢.
I disagree. But you might be right!
The Franklin and Brentwood housing markets are crashing
Can you give me specific areas or price ranges you are seeing?
Secundus
The also don’t have new Airbnb properties do he to zoning in the downtown cire
Really? Don’t they make a lot exceptions? I.e second avenue just got approved.
Leave TN.
Go bsck to wherever.