The Urban Land Institute has released it’s yearly “Emerging Trends in Real Estate” report which is in it’s 41st-year of publication and it is nothing but great news for the city of Nashville.
Real estate experts are expecting big things out of Nashville which was ranked as the #3 U.S. Market to Watch in 2020, up two spots from last year.
Top 10 U.S. Markets to Watch in 2020
What they had to say about Nashville:
“Considered a leading 18-hour city, moved up to number three overall in real estate prospects from fifth place a year ago, although it slipped from first to fourth place in the homebuilding outlook. The local mood is ebullient, with expectations strong for continued investment and development.”
What this means for you
I remember talking to clients three years ago who thought that Nashville’s real estate market had topped out and they were going to wait until home prices came down.
Surely things would slow down. Not quite.
It is impossible to predict the real estate market but this latest report is a clear indication that big-money investors are betting big on the future of Nashville, so if you’re waiting to buy a home until home prices drop, you may be waiting much much longer than expected. On the flip side, if you currently own a home, this new data should give you confidence that you own property in one of the top markets in the U.S.