Real Estate News Round Up: September 27th, 2013

This Week in Tennessee’s Real Estate News:

Home Sales Climb to 6.5 Year High in August

The Tennessean :: Written by Julie Schmit :: September 19, 2013

Home Just Sold ImageExisting-home sales increased 1.7 percent in August as buyers may have closed deals ahead of higher interest rates.

Total existing home sales rose to a seasonally adjusted annual rate of 5.48 million in August from 5.39 million in July, and were 13.2 percent higher than a year ago, the National Association of Realtors said Thursday. That’s the highest level in more than six years.

The market may be seeing a temporary peak, said Lawrence Yun, NAR chief economist…

Read More: Home Sales Climb to 6.5 Year High in August

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Sylvan Heights Mixed-Up Project Moves Forward with Neighbors’ Support

The Tennessean :: Written by Getahn Ward :: September 20, 2013

After getting a favorable response from neighbors in the Sylvan Heights area where it plans to redevelop 7.4 acres into a mixed-use project, H.G. Hill Realty Co. plans to file for rezoning within two weeks and hopes to start construction sometime next year.

“I feel very positive about the reception and desire from the neighborhood … we’re proceeding on,” said Jimmy Granbery, H.G. Hill’s CEO. “But there’s still a lot of work to be done.”

At this week’s meeting with the Sylvan Heights Neighborhood Association and neighbors from nearby Sylvan Park, Granbery and others provided details and renderings and took questions. The site off Charlotte Avenue is bordered by…

Read More: Sylvan Heights Mixed-Up Project Moves Forward with Neighbor’s Support

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Capitol District Enjoys Fast Growth, Redevelopment

The Tennessean :: Written by Bill Lewis :: September 22, 2013

Keely Scott knows firsthand how rapidly the neighborhoods in downtown Nashville’s Capitol District are redeveloping.

When she and her husband Gabe Scott moved into their townhouse in the Hope Gardens neighborhood – off Jefferson Street and Rosa Parks Boulevard – almost a decade ago, their friends believed they were making a mistake.

But when they decided to sell their home in the Ireland 28 development earlier this month, buyers lined up to compete for the opportunity to purchase it…

Read More: Capitol District Enjoys Fast Growth, Redevelopment

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