Nashville
REAL ESTATE
4,405-Units Of Affordable And Attainable Housing In the Nashville Pipeline.
This year marks the 2nd edition of the CityNowNext Affordable Housing Showcase, a cornerstone of the CityNowNext brand. Affordable and attainable housing is critical to the success of Nashville’s growth, not only as the #1 emerging market in the country, but ensuring that the people who live here can stay here. This year’s feature is sponsored by Nashville-based attainable housing developer Holladay Ventures. Their support allows CityNowNext to continue to provide high quality development news and information without paid subscriptions. Links to recently completed projects are also included in the list this year.
Nashville home buyers will need at least $200,000 for a down payment, Zillow reports
NASHVILLE, Tenn. (WSMV) - Home buyers in the United States will need almost $130,000 for a down payment to afford the average home, according to a Zillow report. To comfortably afford a typical home in the United States, Zillow reported that a home buyer with a median income will need to put down over $127,743, or 35.4% of the home cost.
Top 10 Cities Where Home Prices Are Crashing in 2024 (video)
Nashville is experiencing a significant increase in inventory, with the number of homes for sale rising from 2,000 three years ago to over 7,000 today. This surge in inventory is leading to substantial price cuts, such as one property originally bought for $800,000 last year now listed for $730,000, reflecting a $70,000 loss.
New Housing Fund Aims to Preserve, Build Affordable Units in Nashville
A group of government, financial and philanthropic leaders on Friday announced the establishment of the Nashville Catalyst Fund, a $100 million effort to spur the private sector to preserve or build affordable housing units in the city. The Community Foundation of Middle Tennessee will oversee the fund alongside Forsyth Street...
Investor Scores Refi for Recently Delivered Nashville Rental Community
Woodfield Development secured a $53.7 million senior loan for Margaux Midtown, a luxury apartment community in Nashville, Tennessee. BWE’s provided financing, which was structured by Adam Bieber and Alec Jenkins from BWE’s Washington, D.C. office. Delivered in 2023, Margaux is a luxury mid-rise apartment community located in Nashville’s...
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