Zillow: Nashville-area negative equity drops to 12%

Negative equity among Nashville-area homeowners finished the first half of the year at 12.4 percent, down from more than 20 percent compared to the figure of 12 months earlier and almost three points better than at year-end 2013. So says housing research and marketing firm Zillow, which puts the total amount of Middle Tennessee negative equity at $2.7 billion and puts the biggest negative equity rates in the region's most rural counties. More than half of the people who still owe more on their mortgages than their properties are worth are less than 20 percent under water.

SEE ALSO: Zillow's release, headlined by a national negative equity number of 17.0 percent

Aug 27, 2014 2:15 PM

Home sales stable in July

Flat month follows gangbusters start to summer
Aug 7, 2014 1:07 PM

Area home price gains slip some more

CoreLogic says Nashville-area home prices, including distressed sales, were up 8.0 percent in June compared to the year before. Take out activity in distressed assets and year-over-year price gains slipped to 6.9 percent. Two months ago, those numbers were 9.5 percent and 7.2 percent, respectively, suggesting the housing market is nearing an equilibrium as large gains in distressed sales are fading.

Aug 5, 2014 10:18 AM

Home-sales video venture looks to raise up to $5M

Six-year-old local company HouseLens, which markets videos to help homeowners market their properties, is on the hunt for growth capital. Milt Capps has the details at Venture Nashville, including the projection by HouseLens founder and CEO Andrew Crefeld that the company should double revenues to $3.6 million in 2015.

The company previously received a $500K equity capital investment plus $500K in licensing fees for rights to develop five markets from Stefan and Inga Wiese, a German couple now living in Middle Tennessee, Crefield said. HouseLens employees also are offered ownership incentives.

Jun 18, 2014 10:59 AM

As forecast, home price gains getting smaller

CoreLogic has published its latest Home Price Index, which suggests that the dour forecasts for 2014 Nashville-area home price gains may come to pass after all. CoreLogic says that, including distressed sales, Middle Tennessee home prices in April climbed 9.5 percent from 12 months before. But take out distressed sales and the year-over-year price gains shrank to 7.2 percent. Two months earlier, they were still in double digits.

SEE ALSO: CoreLogic's national release

Jun 4, 2014 6:59 AM

Freddie Mac index: Nashville's housing health still improving

The Nashville-area housing market is doing pretty well relative to many other cities and the latest version of a Freddie Mac indicator suggests the gap is growing in our favor. A year ago, the mortgage financing agency's index had Nashville's score topping the U.S. number by 0.32 points. Now, we're up by 0.47 points — and almost in Freddie Mac's healthy range.



May 29, 2014 9:36 AM

CoreLogic: Area housing market still growing healthier

Real estate research firm CoreLogic says the health of the Middle Tennessee housing market improved again in March, with the share of delinquent home mortgages falling to 3.23 percent, a full point below last year's number, and foreclosures shrinking to 0.59 percent from 1.17 percent a year ago. The 90-day delinquency rate, which fell 1.05 percentage points in 2012 and another 91 basis points last year, was down 40 basis points through the first three months of this year.

SEE ALSO: Where things stood at the end of 2013

May 27, 2014 7:19 AM

Area home price gains give ground a little

The real estate research team at CoreLogic says Nashville's housing market cooled a bit in March, at least when it came to prices. Including distressed sales, they say home prices rose 10.0 percent versus the figure of March 2013. Take out unusual situations and the year-over-year price increase dips to 8.5 percent, down from 10.4 percent in February and 11.3 percent in January. Nationally, home prices rose 9.5 percent excluding distressed sales. Add those transactions back in and the map looks like this.


May 6, 2014 8:36 AM

In Nashville, buying now better than renting in little more than two years

Rising rents and low mortgage rates are changing the buy-or-rent dynamics for a lot of people. (Then again, so is the relative lack of for-sale inventory.) Research firm Zillow says residents of 95 percent of U.S. cities now need three years at most to make buying a better financial deal than renting. For the Nashville MSA, buying is a better financial decision if you plan to live in the home for at least 26 months — although that number climbs to four years for the 37205 and 37215 ZIP codes.

Here's the national release and an interactive tool here.

Apr 30, 2014 6:35 AM

Nashville home value forecast improves a bit

Housing market research firm Zillow has updated its 2014 home price forecasts for cities across the country and the news for Nashville-area homeowners is a bit more positive than it was three months ago. The company now sees home values in Middle Tennessee climbing 1.3 percent from now until March of next year, up from 0.9 percent in January. Conversely, the national value appreciation forecast has been trimmed to 3.3 percent from 4.8 percent.

The local number incorporates forecasts for individual area cities that vary almost three percentage points. Here are the cities with the greatest projected price growth:

• Thompson's Station: 2.9 percent
• La Vergne: 2.5 percent
• Franklin: 1.8 percent
• Goodlettsville: 1.8 percent
• Dickson: 1.6 percent

And those with the smallest expected changes...

• Gallatin: 0.8 percent
• Springfield: 0.7 percent
• Lafayette: 0.5 percent
• Portland: 0.5 percent
• Westmoreland: -1.0 percent

Check out Zillow's full market report here.

Apr 23, 2014 9:49 AM