Real Estate News Round Up: September 20th, 2013

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

Home Construction ImageHomebuilder confidence remained at the highest level in nearly eight years last month, unchanged from July’s reading, which was revised lower, according to the National Association of Home Builders.

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…

Read More: Homebuilder Confidence at Eight Year High

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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…

Read More: Sylvan Heights to Get Redevelopment Boost

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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

Nashville Downtown CityscapeRon Gobbell’s commute to work takes five minutes. Less if he jaywalks. Gobbell, a longtime Nashville architect, has called downtown home for more than a decade.

“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…

Read More: Downtown’s Success Serves as Model for all of Nashville’s Growth

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