Blog has moved to www.GrantHammond.com

So I began using Blogger way back in 2005 and was very, very loyal until I finally could not optimize this blog platform any further. I found that I was not able to give my readers all of the tools they needed in order to make the best investment decisions.

I am excited to say that this entire blog has moved to www.GrantHammond.com where you will find all of these old posts, tons of news ones and several excellent tools to help you make better purchase, sale and investment decisions in Nashville.

Be sure to follow this link to Nashville's Best Real Estate Blog

Mortgage Rates Eased Last Week in Tennessee

Interest rates on 30-year fixed mortgages, 15-year fixed loans, five-year adjustable-rate mortgages, and one-year ARMs all fell this past week...read the rest of this Nashville mortgage story

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Whetstone Subdivision in Brentwood Foreclosed

A Brentwood housing development with million-dollar homes, Whetstone, is in foreclosure.

Developers say this is the first major development in Brentwood to go into foreclosure...read the rest of the Brentwood Whetstone foreclosure story

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Buying a Condo in the Encore Condos?

If you are thinking about buying a condo in the Encore condos building in the SoBro area of Nashville, you need to speak with me now. If you are buying a condo or loft in any building in downtown Nashville...read the rest of the Encore condos story

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Buying a Condo at the Icon in the Gulch?

If you are considering buying a condo at the Icon in the Gulch, you need to speak with me first. If you have a pre-construction contract on a condo in the Icon that you would like to renegotiate, you need to speak with...read the full Icon in the Gulch story here

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Music City Center Hotel Build Team Chosen

Phelps Portman Nashville, LLC Selected to Develop, Design and Build 1,000-room Convention Center Headquarters Hotel in Nashville, Tenn.

NASHVILLE, Tenn. and ATLANTA, June 19 /PRNewswire/ - The Nashville Metropolitan Development and Housing Agency (MDHA) announced that it has selected Phelps Portman Nashville, LLC to develop, design and construct a 1,000-room hotel adjacent to the planned new Music City Center in downtown Nashville...read the full Nashville convention center story

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New Nashville Convention Center Already Booking

Two large associations representing 40,300 booked room nights in all have signed on to hold their conventions at the yet unbuilt Music City Center...read the entire Nashville convention center booking story

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Steve McNair House in Green Hills area Nashville

This is the current home of murdered Titan's quarterback Steve McNair. The home is located at 2430 Bear Road in the Green Hills area of Nashville...read the full Steve McNair home story

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Mortgage Loan Rates Unchanged in Nashville

Interest on 30-year fixed mortgages settled at an average of 5.40 percent this past week, reports Freddie Mac, up from 5.38 percent in the previous week and much lower than the prevailing rate of 6.45 percent a year ago. Five-year, hybrid adjustable-rate mortgages...read the entire Nashville mortgage rates update

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Nashville Rental Properties are Scarce

NASHVILLE, Tenn. - While the real estate market remains a tough sell, the rental market in Nashville is red hot. According to local real estate experts, owners of luxury condominiums and million dollar houses may not be able to sell their homes but they can rent them for top dollar...read the full Nashville rental properties story

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The Rhythm Sues Cash Strapped Buyers

The Rhythm at Music Row has become the latest new Middle Tennessee condo development to sue buyers who try to back out of their purchases.

Rhythm Partners LLC, the Brentwood-based developer of the 14-story, 105-unit condo building that came online this spring, filed suit Friday against four buyers who would not or could not close on their units...read the entire Rhythm sues condo buyers story

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Pictures of Velocity in the Gulch in Nashville

The entrance to the Velocity is located on the Pine Street side of the building. This side of the building is currently 95 percent complete and looks quite modern....see dozens more Velocity condo pictures

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Fixed Rate Mortgages Settle After Sharp Gains

Coming down from a seven-month high of 5.59 percent a week ago, rates on 30-year fixed home loans lowered to 5.38 percent last week. Freddie Mac reports that interest on 15-year fixed mortgages was lower as well, slipping to 4.89 percent from 5.06 percent over the same period...read the entire Nashville mortgage rates article

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Real Living Properties Caught in Clarksville Fraud

When hiring a property management company you need to do your due diligence to be sure that you are dealing with a reputable company.

'CLARKSVILLE, Tenn. - A woman was hired to collect rent checks, but police said she pocketed the money instead of delivering thousands of dollars to property owners...read the full Real Living Properties fraud story

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Freddie Mac Reports Rising Mortgage Rates

Rising mortgage rates put the brakes on mortgage refinancing last week, according to Freddie Mac. The firm’s weekly survey pegged interest on 30-year fixed mortgages at an average of 5.59 percent - up from 5.29 percent last week and the highest rate since November 2008...read the entire Freddie Mac mortgage rates article

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5th and Main Condos in Nashville Survive

It is rumored that the 5th and Main condos in Nashville have endured receivership and will be placed back on the market any day. From what I understand, Wachovia Bank continues to be involved in the project as the primary construction lender and has actually already resumed construction in phase II...read the full 5th & Main condo story

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Is Crye-Leike The Next Company to Fold?

Not likely. This appears to be an isolated case where Harold Crye happens to be the defendant. Although, I have spoken with a few people close to the situation who are quick to point out that Mr. Crye did build quite a few commercial developments over the past decade and that his commercial real estate division seems to be in trouble. I have no way to confirm these claims except to agree that I have seen quite a few vacancies in Crye-Leike anchored strip centers...read the entire Crye-Leike article here

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May 2009 Nashville Real Estate Market Stats

The Middle Tennessee MLS (Realtracs) just released May 2009 stats. The following graph and analysis are based upon the residential single family homes and condos market. As you may recall in April, closings were up almost 65% from January. Did May continue breaking our expectations?

Inventory levels continued a slight rise in May, up 1.2 percent from April and 10.8 percent since January. There were a total of 17,626 active homes and condos in Nashville last month...read the full Nashville real estate market analysis

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Nashville, TN Mortgage Rates Surge

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Rolling Mill Hill to Enter Receivership

Nashville, TN Mortgage Rates Surge

Freddie Mac reports a surge in the 30-year fixed mortgage rate to a 25-week high of 5.29 percent during the week ended June 4, up from 4.91 percent the prior week. This is the second straight week of significant rate jumps, up almost 10 percent in just 2 weeks...read the complete Nashville, TN mortgage rate story

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The Gulch Racks Up Another Honorable Mention

For a century the Gulch was just a barren railroad corridor, then redevelopment brought it back from the dead. It also created the first LEED Neighborhood Development certification in the South - all while preserving some history. Don’t miss the Station Inn, the mother church of bluegrass, now flanked by new condos and sushi bars...read the full Nashville Gulch awards story

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