This is a general post to hear investor's insights on what's going to happen in the Nashville market in 2025
This is not a political post, but a lot of people think the market will improve under Trump and more people will be buying. Do you agree or disagree with this?
Again, this is a broad question to engage people's thoughts on the subject matter
Well....there is a lot happening in Nashville at the moment.
The biggest talking point for the better half of the year has been the new Titans stadium and the East bank. The whole East bank is going to be a different universe over the next 10 years. Probably a second downtown Nashville. The last piece of the East Bank puzzle will be the sale of Carl Ichan's scrap yard which is going to auction this month.
The other big piece of news recently was the approval of Metro's transit plan for greater Nashville. Upgraded infrastructure was needed 10 years ago, but at least we are making some progress. Improved transport is an absolute must for Nashville as it continues to grow at the current pace. That plan is obviously going to take 10-15 years to complete and will be obsolete by the time it's done....but something is better than nothing I guess!
In terms of the overall real estate market for 2025, I believe it will continue to remain very strong. Even without any interest rate cuts.
We will continue to have an influx of transplants from high tax, high regulation states like CA and NY.
The business environment remains healthy.
Nashville Yards is set to open in the Spring and the new Pinnacle tower is gaining office tenants like crazy - much to my surprise.
Affordable housing is still a hot topic. I don't think housing will be any more affordable for the next few years than it is now. I believe it will continue to be unattainable for most people entering the work force. I don't see any light at the end of the tunnel for affordable housing. No matter what happens to interest rates. We will have to increase density tremendously to have any sort of chance....but that is a very unpopular option.
Personally, I'm all in on Nashville for 2025 and beyond.
Real Estate Agent · Nashville, TN · Member since 2019 · 376 posts · 181 votes
1y
It's Morning in Nashville, what a great time to witness this city growing up. At only -700k population, it has the lowest unemployment of any top 25 city, and those folks need homes. We just pass a transit referendum too, which will finally allow matching money to flow to the city for the first time.
Zero tax state, no insurance or property tax issues like FL and TX.
Couldn't agree more Luka and Tyler.
Plus: TN is top 3 in net inflows too. COVID was not a fad, folks keep moving here.
And here is the latest BLS report.
On the election: Trump in the WH wont make a difference. I see no causation. Im hopeful we can get some housing supply policies, everything on the campaign trail was net boosting housing demand, which we have enough of.
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