Nashville proving its resiliency in residential market

September 2020

Good news for the Greater Nashville area, as reported recently in the Nashville Business Journal - the housing market is proving to be very resilient despite an overall uncertain economy. "Greater Nashville quarter-over-quarter MLS data report new listings increased nearly 9% and the number of homes sold over the same period grew by 17%.", according to the results from Compass's Nashville Residential Real Estate Market Report. The Greater Nashville area continues to draw new residents with its appealing quality of life, relatively low cost of living, and opportunities for economic expansion. Adding to those benefits are the state's tax advantages over most other states. Tennessee is one of only seven states that does not impose an income tax and one of two that doesn't collect tax on earned income. Nashville remains a prime option for real estate investors, and according to local residential real estate agents, this momentum is likely to continue. Click HERE to learn more about Omni's real estate investment services. We would love to hear from you!