News

September 2018

The time has come.  After many years, the Greater Nashville Area is experiencing an abrupt slowdown and prolonged time on market for single family rental homes.  Omni Realty Nashville has been experiencing an incremental shift, and testament to this issue is the overal quality of the applicant pool.  While there is still signifcant interest in our available properties, we have seen numerous applications that we, unfortunately, have had to deny at an alarming rate.  There also seems to be a strong supply "creep", as evidenced by the blob of available properties that...

August 2018

While supply is up a bit from a year ago (a good thing for a healthy market), the appreciation rate over the last year in Nashville, TN was still over 7%.  That's better than virtually any stock I've seen recently.  The increased supply should serve to minimize competition a bit and offer home buyers a smidge more selection as well.  It should also help prevent the notion of a bubblier market.  See the August 2018 data from the Greater Nashville Realtors here.

July 2018

Nashville, TN has so many things going well.  One of the lowest employment rates in the country, reasonable cost of living, awesome people, great jobs and weather, and the list goes on.  A recent analysis by Trip Advisor utilizing an algorithm that considers booking volume, reviews, etc. based on all food tours and food-related experiences through their website, yields Nashville ranking in the top 10 for most booked food experiences.  Check out the full list as well as some other cool Nashville food stuff ...

June 2018

An increase in inventory has been a long time coming, and for many in the Nasville Area a relief considering the tight real estate supply and the issues that go along with it.  There was a decrease in closing volume over the past year, which could be considered by some "normalization."  We saw an increase in unit volume to market of almost 11% which many view as healthy.  It certainly will help all those people who are having a hard time finding the right location along with affordability.  See all the data provided by Greater Nashville Realtors...

May 2018

TN is ever-vigilant when it comes to laws governing rental properties.  Of note:

Currently, The TN Uniform Residential Landlord and Tenant Act applies only to counties having a population of 75,000 or greater. There is a now a bill making the Act applicable statewide, regardless of population.  We feel this will streamline many facets and create more efficient mechanisms for leasing and managing rental property.

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