Real estate Sales Nashville Tennessee

Dec. 27, 2012 - PRLog -- Despite three million homes in foreclosure in the U.S., a steady trend is growing among retiring baby boomers that are downsizing and locating closer to urban areas that are accessible to public transportation. By 2016, over 72 million baby boomers will have retired many requiring medical care for diabetes, cancer treatment and dementia. I’ve seen a lot of homes “for sale by owner” that can be a great way to save as few thousand dollars on closing costs if you find the right opportunity.  

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Real estate housing outlook for 2013 and beyond:

The housing recovery is accelerating for the next 3-5 years.
Expect a rise in home sales, construction, remodeling and real estate prices that will help boost GDP.
Investor demand for foreclosed properties is high.
A new generation of Americans is growing up to create households and families. Need to create family legacy will drive up the demand for home sales.
New home construction in places like Ridgetop Tennessee just 23 minutes from downtown Nashville are booming with strong economies based on small business growth.
Home prices are expected to rise in many business friendly towns across America like Ridgetop Tennessee about 7% annually through 2016. The healthy real estate values are a better yield than most bonds.

For the next 3 - 5 years, expect better home sales, improved housing construction and increased trends by investors to buy homes and land. Don’t forget that land is often a nice investment to park cash with much lower tax burdens says James Rickman, CEO of Tennessee Estate Sales & Business Liquidation.