Real Estate

3 tips for navigating changing real estate market conditions in NASH

Presented by a NASHtoday Partner

Aerial photo over a Sacramento, CA home, driveway, and street.

While you can’t always count on a hot housing market, you can count on the certainty of a cash offer from Opendoor. | Photo provided by Opendoor

Location, location, location — that’s been the name of the real estate game for decades. These days, though, you may be hearing more: recession, economy, inflation… terms that definitely have less appeal.

The real estate market is cyclical, and today’s market is currently trying to find out where it will land (albeit a bit dramatically). The difference? Unlike big market turns of the past, this time we’ve swayed quickly from one extreme to the other.

In just two short years, we’ve seen outsized home price appreciation in most US markets (like right here in NASH), followed by a swift decline in housing demand. The whiplash of these fluctuations (and the uncertainty about what happens next) can be hard to wrap your head around.

The good news is, even though none of us can predict what will happen next, that’s okay. If you’re a seller or a buyer (or both) currently stuck in the loop of dreaming, hoping, anticipating + dreading, the experts at Opendoor have three tips to help ride the wave.

Wide-angle view of a woman walking a dog in front of a row of brick townhomes in Dallas, TX. — In the absence of bidding wars, you have time to get to know a neighborhood, look at different housing options, and narrow in on your “must-haves”.

Tip No. 1: Don’t worry about finding the “perfect” time to sell or buy.

Hint: It doesn’t exist. The perfect time is what works best for you and your life. Some factors, like a growing family or a new job in another state, are an easy call. But other reasons require you to dig deep. Think:

Will a move improve your day-to-day life?
Will you gain more time, be closer to friends and family, or be nearer to activities that bring you joy?

Tip No. 2: Research your financing options.

The good news: You’ve got options. Whether you’re getting a new loan, refinancing, or looking to lower your payment, a mortgage calculator can help you figure out how much you can afford in minutes. There are also rate buydowns, which can help you lower your rate. Pro tip: A lender can help you figure out what your options are.*

TIP NO. 3

This content was created in partnership with Opendoor and written by Garcelle Vierra Erdie.*

If you’re house hunting (or considering it within the next 6 months), would the state of the economy cause you to stop or pause your search?

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Today, Dec. 5

Happy Christmas Tour | Monday, Dec. 5 | 7 p.m. | City Winery, 609 Lafayette St. | $18+ | The show will be filled with original and classic holiday tunes as well as bluegrass favorites.

Tuesday, Dec. 6

Vision Board Workshop + Creation with Maria Maldonado Smith | Tuesday, Dec. 6-Wednesday, Dec. 7 | 5:30-8 p.m. | Kenect Nashville, 800 19th Ave. S. | $50 | Join Maria Maldonado for an evening of goal setting, accountability, and bringing the life you envision to fruition.

Wednesday, Dec. 7

Full Cold Moon Night Hike | Wednesday, Dec. 7 | 4:30-6:30 p.m. | Beaman Park, 5911 Old Hickory Blvd., Ashland City | Free | Embark on a 3.2-mile hike beginning at the Nature Center.
Al Jardine and His Endless Summer Band | Wednesday, Dec. 7 | 7 p.m. | City Winery, 609 Lafayette St. | $40+ | See a performance by one of the founding members of The Beach Boys.

Thursday, Dec. 8

11th Annual Winter Concert | Thursday, Dec. 8-Sunday, Dec. 11 | Times vary | Oz Arts Nashville, 6172 Cockrill Bend Cir. | $15 | This show features a mix of pop and musical theater songs, as well as comedy and dance.

Friday, Dec. 9

A Sperry Merry Christmas | Friday, Dec. 9 | 8:30 p.m. | The 5 Spot, 1006 Forrest Ave. | $10 | Jam out to holiday tunes at the second annual event — plus, bring non-perishable food items to donate to a food drive for Second Harvest Food Bank.

We have a calendar filled with events and activities you can plan for in advance. Click the button below to bookmark ideas for upcoming date nights, family outings, and time with friends.

100+ MORE EVENTS

Weather

53º | Rain | 80% chance of rain

Coming Soon

The space formerly home to Pomodoro East — 701 Porter Rd. — is slated for a new restaurant. Asian-inspired, wood-fired restaurant Noko will open in early 2023 and feature dishes like Wagyu brisket, gochujang hot wings, and a variety of cocktails and mocktails. 🍽️ (Nashville Scene)

Closing

Tomacco has closed in Germantown. The restaurant, which specialized in tacos and tequila, opened in fall 2021 and was known for its “Saint Dolly” mural. Patrons can visit Tacos Aurora, the restaurant’s sister eatery, inside Hunters Station.

Sports

Get ready for a New Year’s Eve showdown. The Kentucky Wildcats (SEC) and the Iowa Hawkeyes (Big Ten) will face off at the TransPerfect Music City Bowl. Kickoff is scheduled for 11 a.m. on Saturday, Dec. 31 at Nissan Stadium, and the game will be televised on ABC. Tickets are on sale.
The Tennessee Titans fell to the Philadelphia Eagles 35-10 yesterday afternoon — giving them a 7-5 record for the season. The Titans return to Nissan Stadium on Sunday to take on the Jacksonville Jaguars. Score tickets. 🏈

Real Estate

Sold... for $12 million. After going up for auction this fall, several parcels of Whites Creek estate Fontanel have been purchased by multiple entities. The largest parcel sold for $6.1 million and includes the Fontanel mansion and amphitheater. (Nashville Business Journal)

Announced

Hold on to your banjo. Bluegrass Nights at the Ryman will return in 2023. The annual music series will feature performances by Sierra Hull, Sam Bush, Jerry Douglas, and others. New season passes go on sale Monday, Dec. 12, and single tickets go on sale Friday, Jan. 20. 🪕

Health

Ascension Saint Thomas Rutherford announced the forthcoming construction of a $60 million multi-story, multi-specialty building that will house a new cancer center in partnership with Tennessee Oncology. (Murfreesboro Post)

Plan Ahead

Tickets are on sale for the 2023 Nashville Boat Show set for Thursday, Jan. 5-Sunday, Jan. 8 at the Music City Center. The event will feature hundreds of new boats and marine accessories, as well as indoor activities for all ages. Tickets are $14 for ages 13 and up. 🚤

Shop

DYK the Tennessee Titans were the first NFL club to launch a team wine club? The Tennessee Titans Foolish Club offers high-end Napa Valley wines to Titans fans across the country. Typically only available with a Foolish Club membership, these exclusive offerings are open to the public now through Saturday, Dec. 10. Christmas gift, anyone? 🍷*

Seasonal

Your Monday morning holiday gift inspiration, courtesy of Etsy: For the person who loves bread. For the person obsessed with their pet. For the person who can take a joke. For the kid who loves to color. Plus, all you need is popcorn or all you need is marshmallows. 🎁*

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Skate through the holidays

Holiday public ice skating in Nashville

Bundle up before heading to the ice skating rink. | Photo via @fordicecenter

If you’re looking for something fun to do with friends or family in December, check out upcoming holiday public skates at Ford Ice Center locations in Antioch and Bellevue + Centennial Sportsplex.

All three rinks have designated public skate hours throughout the month, but be sure to check each website for the most up-to-date calendar.

⛸️ Ford Ice Center

Sessions are ~$10 and include rental skates if needed. Participants must register online in advance. Bonus: Every public skate purchase comes with a free hot chocolate.

⛸️ Centennial Sportsplex

Skate sessions range between $6-$7 (free for children age 4 and under), and skate rentals are $3. Sessions are typically held on Wednesdays, Fridays, and Saturdays.

Ready to hit the ice? The temperature inside the rink is about 58 degrees, so it’s recommended to wear a jacket or sweater as well as calf-height socks for well-fitted skates. Read up on a few more skating tips before you lace up your ice skates.

THE WRAP

Today’s issue was written by Dylan.

Editor’s pick: In case you missed Nashville’s tree lighting ceremony on Friday, stop by Public Square Park to view it in person (see the before and after). Looking ahead, the annual Menorah Lighting ceremony is set for Monday, Dec. 19 at the Metro Courthouse.

Missed Friday’s newsletter? Get a sneak peek of Harriet’s Rooftop before it opens on Friday.

Connect with us.

Editorial: Dylan Aycock, Skylar Webb, Dayten Rose, Josh Kranzberg, Emily Shea | Send us a scoop, question, or feedback.

Sales: Sarah Edwards | Advertise with us.

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