Friday, October 9, 2015

Foreign Cash Buyers Buying up Real Estate in the U.S., from your Local Realtor, Natalie Harper

Hello Everyone !

LAST WEEK w/NATALIE:
Fall is Here and there has been just a slight slow down in the Market. School starting, cold weather coming and last minute vacations to enjoy the summer weather have played it's part. Don't be discouraged though! Mortgage rates are still below 4% and its a great time to buy and sell with a limited number of homes for competition! I am still waiting to list my house, lots of last minute things to do, hopefully I will have a few listings next week to tell you all about!

UPCOMING SPRING HILL NEWS:

Learn more about the town center proposal

A local developer has proposed a massive mixed-use development that would transform the Tennessee Children's Home into a true town center/downtown area. City officials have agreed to study the concept. See the latest details of the project.
CLICK HERE FOR FULL STORY


LOCAL MARKET NEWS:
In Spring Hill, TN the average list price of a single–family home is $270,823. The average price per square foot is $114. There are currently 207 homes for sale with 126 new listings added in the last month.
CLICK HERE FOR FULL REPORT

In Nashville, TN the average list price of a single–family home is $391,670. The average price per square foot is $163. There are currently 1,231 homes for sale with 697 new listings added in the last month.
CLICK HERE FOR FULL REPORT



NATIONAL MARKET NEWS:

Chinese Buyers Sink More Cash Into U.S.

Chinese buyers now make up the largest segment of foreign purchasers in the U.S. real estate market, and they predominantly pay in cash. "Foreign cash buyers have helped to accelerate U.S. home-price appreciation over the past few years, given that these buyers are often not as constrained by income as local, traditionally financed buyers."



Natalie Harper
Crye-Leike Realtors

Cell: 615.364.9378
Office: 931.487.0070
5407 Main St. Suite 100
Spring Hill, TN 37174

http://natalieharper.crye-leike.com/

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