September 27, 2013
Here’s a collection of Real Estate News in Nashville today. Check these out and be updated of the recent events in the real estate world.
Another week, another dip in mortgage rates
Federal Reserve said long –term mortgage rates would not yet start winding down it bond buying program, but unfortunately it fell again this week.
According to Freddie Mac 30-year fixed-rate mortgages averaged 4.32 percent in the week ending Sept. 26, down from 4.50 percent last week. In the past years, 30-year rates were averaging 3.40 percent.
Unfortunately,report said that a 15-year fix fell to 3.37 percent, from 3.54 percent and that 1 year adjustable-rate mortgages averaged 2.63 percent this week, down from 2.65 percent.
According to a separate report last Thursday from the National Association of Realtors, cited rising mortgage rates and strict lending standards for a small decline in pending sales of existing homes in August.
Presently, the number of contracts signed was down 1.6 percent from July, though pending sales were still up 5.8 percent from August 2012.
Davidson County building permits
These are the lists of Davidson County building permits as of today.
• Construct a 9100-square-foot Dollar General Market Store, 7200 Whites Creek Pike, $927,836
• Rehab existing Taylor Street warehouse for future retail use, 1401 Fifth Ave. N., $2,200,000
• Rehab space in shopping center for Planet Fitness,5714 Charlotte Pike, $525,000
• Rehab tenant space for East Nashville Community Acupuncture, 805 Woodland St., $60,000
• Renovate a 4,100-square-foot space for an80-seat Mexican restaurant, 1433 Robinson Road, $85,000
• Rehab suite at Mill Creek Town Center forFantastic Sam’s, 6688 Nolensville Pike, $32,000
• Rehab suite at Suntrust Plaza for Iroquois Capital Group, 401 Commerce St., $70,000
• Rehab two picnic shelters at Percy Warner Park, 1723 Chickering Road, $52,000
• Rehab patient rooms and nurse station at Summit Medical Center, 5655 Frist Blvd., $2,290,495
• Rehab first floor lobby office area for Blue Cross Blue Shield of Tennessee, 3200 West End Ave., $120,953
Wallace Cartwright - Keller Williams Realty 