The Mall at Green Hills in Nashville will welcome Burberry, Lacoste, and Juicy Couture this year as these luxury retailers open their first stores in Tennessee. Burberry will open a 4,500 square foot store in April 2008. Lacoste's March 2008 opening will showcase its 1,703 square foot boutique. Juicy Couture's 3,074 square foot store is scheduled to open in September 2008. Banana Republic and Brooks Brothers, which are also located in The Mall at Green Hills, will be moving to larger mall locations in 2008 as well.
Just as Nashville continues to grow by leaps and bounds, so does the number of information technology jobs. According to the Nashville Technology Council, information technology job vacanies have more than doubled. IT job openings have also increased each year, up 529% in the last five years. There were more than 1,200 IT job openings in Nashville in 2007. The technology council is speading the word among the area universities that the curriculums need to be retooled toward the job areas where there is the greatest shortage - business analysis, project management, and dot-net development.
The Nashville residential market has seen the number of foreclosures more than double in the past year. From the third quarter of 2006 to the third quarter of 2007, there were 2,118 foreclosures in the eight-county metropolitan Nashville area. This is up a little more than double from the 1,045 foreclosures in the third quarter of 2006. These numbes were also up 12 percent from the second quarter of 2007. Tennessee ranks 12th in the nation for foreclosures. Williamson County has the lowest foreclosure rate with one filing for every 530 families while Rutherford County (with the largest concentration in Lavergne, TN) has the highest rate of foreclosure with one filing for every 189 families. The Center for Responsible Lending estimates that nationally 19% of the loans made in 2005 and 2006 will lead to foreclosure.
Tax collections in Smyrna are expected to increase by $500,000 by mid 2008 as numerous new businesses open shop in Smyrna. The list includes:
PetSmart will open in the Colonial Town Park shopping center on February 18th. Services include adoptions, the Banfield Pet Hospital, pet grooming and training classes.
SuperTarget which will also be located in Colonial Town Park, will open on March 5th. Services include a grocery store, optical center, pharmacy, photo lab, and a Starbucks.
First Tennessee Bank is building a new branch at 551 Sam Ridley Pkwy West near Kroger's.
Staples office supplies store will also be located in the Colonial Town Park shopping center.
Buffalo Wild Wings will be located on Sam Ridley Pkwy next to Raz'z restaurant.
Demos' Steakhouse is coming to Team Blvd near the Sonic.
Applebee's is coming to the corner of Team Blvd and Industrial Blvd.
IHOP is coming to the corner of Grammer Drive and Team Blvd.
Ross Dress for Less will also be located in the Colonial Town Park but no date for the opening has been announced yet.
Red Robin is coming Industrial Blvd next to Famous Dave's.
A new Publix Supermarket is under construction at the corner of Almaville Road and Lee Victory Pkwy.
A 14-screen Malco/Roxy Theatre will be built behind the Starbucks on Sam Ridley Pkwy.
Here is the current market report for (37013) Antioch, Tennessee reflecting December 2007 sales figures:
Don't believe the media hype - correctly priced homes are still selling everyday. If you are planning on selling your home, please visit our site for a free neighborhood sales analysis.
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www.RealtyWorldNashville.net Certified Short Sale Specialist serving all of the middle Tennessee communities.
Nashville Real Estate, including Antioch, LaVergne, Smyrna, Murfreesboro, Mount Juliet, Brentwood and Franklin
In today's market, you need a reliable and knowledgeable real estate professional. Rhonda Burgess is a Tennessee real estate broker who services the Nashville real estate market including Antioch, Lavergne, Smyrna, Murfreesboro, Franklin, and Mount Juliet. As a native Nashvillian and with more than 12 years experience in the Nashville real estate market, Rhonda has the knowledge and skills to benefit everyone from first-time buyers to experienced investors.
Visit Rhonda's website where you can search the Nashville MLS. Whether you a first-time buyer, or relocating to middle Tennessee, or just looking for Nashville area information, you can find what you are looking for on her website.
Contact Rhonda for all of your real estate needs.
Nashville Real Estate Communities
Rhonda Burgess is a Certified Short Sale Specialist. Rhonda has had extensive training from the Harris Real Estate University on how to effectively and quickly perform a short sale. Bad things happen to good people everyday, from a job loss to health issues to a divorce. These things do not define who you are. Or maybe because of the current market conditions, you are able to pay your mortgage but your neighborhood has severely depreciated in value and you are now "under water" in your property - owing much more than the property is worth. There are solutions to help you.
If you qualify, a loan modification can adjust change the terms of your mortgage, such as the interest rate and the number of years of the loan. These changes can make your monthly payment much more affordable. Most of the time if you are behind in your payments, a repayment plan can be included with your modification, allowing you to get back on track with a lower payment. With a modification, you have to have the ability to make the new mortgage payment. If you are unemployed or do not the income that you previously had, you may not be eligible for a modification.
With a short sale, you are selling the property for less than what is owed on it. Your mortgage company(s) agree to accept less in order to avoid foreclosure. A typical foreclosure costs the mortgage company anywhere from $30000 to $60000 depending on the circumstances. During the time that the property is in foreclosure and awaiting sale, the mortgage company is having to pay for the lawn maintenance and utilities as well as risking the chance of the property being vandalized while it is vacant. The banks and mortgage companies prefer a short sale because even though they are losing money, a short sale loss is less than the foreclosure costs. With a properly done short sale, the sale can be completed and closed in less time than the foreclosure process.
Short sales have a less devastating effect on your credit. With a foreclosure, credit scores normally drop anywhere from 200-300 points. A short sale shows on your credit report as "paid in full" or "paid in full for less than full amount". Either way, your score is not affected near as much as the damage a foreclosure does. With a successful short sale, you can be eligible to purchase another home in as little as 24 months. With a foreclosure on your credit report, you are looking at a minimum of 3-5 years before you are eligible to purchase another home.
When you are working with a Certified Short Sale Specialist like Rhonda, the process is full explained to you. Rhonda will handle all of the bank/mortgage company negotiations. Rhonda will price your property to sale, effectively market your property, and get the deal to closing in a very timely manner. You will be kept "in the loop" along every step of the way. At the same time that your property is being marketing, Rhonda can help you secure a new rental property or even purchase a new home if you are in the position to do so. Rhonda strives to make the process as painless and stress-free as possible. All of your information is kept confidential and the transaction is handled with the utmost diginty and respect.
For a free confidential consultation to go over all of your options, please give Rhonda a call at (615) 751-6234 or email her at Rhonda@RealtyWorldNashville.com
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