FROM BUD GEORGE, Bob Parks Realty, LLC
Subject: Nashville Low Risk of Future Home Price Declines
PMI corporation just released a study showing the likelihood of price
depreciation in the next two years for the top 50 metro areas. While there
are several markets in AZ, CA, FL, NV that the chances are nearly 100%,
Nashville is at 1.6%. This is more news that points to a lack of a bubble
in our market. While the short-run has some excess inventory and
foreclosure issues that will put downward pressure on prices, I am very
bullish on the long-run!! See the link for the full article and chart:
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=109&STORY=/www/story/10-01-2008/0004895767&EDATE=
Remember . . . Don’t spend a PENNY ‘til you call JENNY!
Hendersonville Luxury & Lakefront Realtor® |
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| Office: | 615-826-4040 Ext. 159 | | Fax: | 615-822-2027 | | Address: | 1517 Hunt Club Blvd. | | City: | Gallatin - Hendersonville | | State: | Tennessee 37066 |
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