A Year of Opportunity
I am a believer that opportunities are everywhere and it is up to us to open our eyes and ears and learn to recognize them. Once they are recognized, then action must be taken to make the most of the favorable circumstances. When I look around, I see opportunities in every direction around Clarksville, TN.
In Clarksville, attitudes are upbeat with the hopes that 2017 will be the best year we have seen in many years. There is talk about more job openings and new businesses moving into the community. I believe this will happen as small business grows and economic confidence continues to strengthen. We will likely see wages increase allowing those in the home buying market to buy up and improve their situations. There is likely to be some more slight rises in long term interest rates that will be a result of a healthier economy. Lending guidelines will relax some as investors gain more confidence that borrowers have more stability.
We have been blessed with lots of new construction and new neighborhoods. In fact, building continued in Clarksville when the rest of the country had home values declining. Our real estate market is much more stable with an overall appreciation of 3-4% a year. Builders see this and interpret it to mean that more homes are needed so I expect to see new homes continuing to pop up. They do not linger on the market long as builders are willing to help subsidize the home purchase by paying buyer closing costs.
I see relocation into the area increasing as more and more retirees find this to be an excellent location to settle in as a home base for those senior years. With Nashville only 45 minutes away and buying costs in that area so high and out of the reach of many buyers, I see a commuter population choosing to buy in Clarksville, especially first time home buyers. Our population will continue to increase. More homes will be needed in Clarksville so it will be a good time for sellers to put their homes on the market and sell them quickly and at solid prices.
2017 will be the year of opportunity for improved jobs, new business start ups and buying and selling a home. When you are ready for real estate assistance, contact The Real Debbie Reynolds at 931-320-6730. These are my predictions for 2017.