First Time Home Buyers Find Affordable Housing in the Nashville area

The news story below courtesy of the Tennessean boasts about the affordability of housing in Nashville, Tennessee.  Coupled with the recent news stating that Nashville Real Estate sales rose 25% over last year, it shows that buyers are recognizing the opportunity out there in the current market and capitalizing on it.  People have been saying for a few years now that interest rates are at or near historic lows, and current pricing in the Nashville area is at a 7 year low.  Food for thought.... the current average rate as of February 2012 is roughly 1.70% lower than what it was 7 years ago in February 2005.  That may not sound like a lot, but a difference of 1.7% amounts to roughly $115/mo in your mortgage payment based on a $200,000 loan.

http://tnne.ws/z2JaXp

brought to you by:

Jason Kaczmarski

The Ashton Real Estate Group of RE/MAX Elite