Now is the time to invest in Nashville!
As Greater Nashville Realtors reported this month, Nashville buyers continue to be frustrated by a very competitive market, resulting in widespread bidding wars. A new obstacle, inflation, has reared its head and is further driving up home prices. It’s climbed 6.2% since October 2020, thanks in large part to supply chain issues, building costs, inventory and home prices. The Federal Housing Finance Agency (FHFA) has raised its loan limit to $647,200 for conventional loans in 2022, up almost $100,000 from this year. This is likely a sign the FHFA believes that home prices will continue to rise for the foreseeable future. It’s true that investors will pay more now than they did two years ago, but Nashville is still on a strong upward trajectory. Don’t wait around, now is the time to invest in Nashville real estate. The real estate experts at Omni are eager to help you get your foot in the door! See an overview of our real estate investment services HERE.