This Week in Tennessee’s Real Estate News:
Homebuilder Confidence at Eight Year High
The Nashville Business Journal :: Written by Jeff Clabaugh :: September 17, 2013
The Washington-based trade group sees rising mortgage rates as a potential bump in the road for the housing market’s continued recovery.
“Many [builders] are reporting some hesitancy on the part of buyers due to the sharp increase in interest rates,” said NAHB Chairman Rick Judson. “Home buyers are adjusting to the fact that, while mortgage rates are still quite favorable on an historic basis…
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Sylvan Heights to Get Redevelopment Boost
The Tennessean :: Written by Getahn Ward :: September 13, 2013
H.G. Hill Realty Co. has plans to redevelop 7.4 acres it owns in the Sylvan Heights area into a mixed-use project that observers expect to further transform the Charlotte Avenue corridor.
“It’s a corridor that’s on the upswing, and we just felt like it was a good time to move on it,” said Jimmy Granbery, CEO of H.G. Hill, a major Nashville-area landowner that began assembling land for the site decades ago.
Next week, the company will present its plans to neighbors. Those plans call for more retail off Charlotte Avenue that wraps around the corner at 40th Avenue. Also planned are residential and single-family cottages…
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Downtown’s Success Serves as Model for All of Nashville’s Growth
The Tennessean :: Written by Duane W. Gang :: September 13, 2013
“It is exciting. There is always something going on,” Gobbell said. “When I think I might want to move, I can’t think of a place I would enjoy as much.”
Gobbell lives in the Church Street Lofts, an 1850s-era brick building that his firm redeveloped into 17 residential units. But living downtown and developing the lofts would not have been possible without key public policy decisions…