Nashville Climbs to No. 6 on Emerging Trends in Real Estate Report
Nashville’s real estate market is hot! The annual Emerging Trends in Real Estate report is out and Music City is continuing to climb the list.
The Emerging Trends in Real Estate report has been released for 2017 and Nashville has jumped a spot from No. 7 to No. 6 in the nation. The report is a “trends and forecast publication” compiled by Pricewaterhousecoopers and the Urban Land Institute. The report’s purpose is to provide “an outlook on real estate investment and development trends, real estate finance and capital markets, property sectors, metropolitan areas, and other real estate issues throughout the United States and Canada.”
Nashville continues to jump on the list of hot cities for real estate investment, as well as on the list of cities to watch thanks to its “hip factor.” The hip factors include: Music City college and university graduates, diverse economy and the ability to create more jobs in 2017.
The report states that, “Nashville is an example of a market that has transitioned to an upper-tier secondary market. The increased level of investor interest in Nashville increases the perceived liquidity of the market, which only makes it more attractive to nonlocal investors. Debt and equity capital continues to be available from both local and national sources.”
Nashville will continue to climb the list year after year which means there’s no better time to invest in real estate in Music City than now. Contact a Synergy Realty Network agent today!
You can download the full Emerging Trends in Real Estate report on the ULI website.