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    According to Forbes.com, Nashville Is One of the Best Markets to Invest in a Home in 2017 – Here’s Why.

    nashville_skyline_before_earth_hourUnless you’ve been living under a rock for the past few years, you’re probably aware that Nashville is one of the top, if not THE top housing market in the United States right now. Housing sales in Nashville at the end of 2016 topped housing sales in 2007 and Zillow.com just named Nashville as its top pick for places to move in 2017. And now this month, Forbes.com has named Nashville as one of the best markets to invest in a home in 2017.

    Because of the recent explosion in population and employment opportunities and because of the relatively home prices, Forbes named Nashville as the eighth-best market in the United States to buy a home in this year. The rankings were created by a company called Local Market Monitor who tracked over 300 housing markets in the U.S. The company ranked the cities based on various housing market indicators and also future growth trends in order to project each city’s 3-year growth potential.

    Based on the work by Local Market Monitor, Nashville is projected to grow more than 24 percent over the next three years. They also calculated that the Nashville housing market is under-priced by 7 percent as compared to other similar markets. The 3-year growth percentage is forecast to be 24% for Nashville as compared to 17% as the average of the United States. Currently Nashville has a population of almost 1.8 million and that is expected to grow 6% over the next three years. Currently the average home price in Nashville is $249,000.

    Nashville made an appearance on this same list in 2014, but had been missing from the list for the past 2 years. In the rankings, Dallas took the first place spot with projections of a 31% growth potential by 2020. In addition to Nashville and Dallas, the top 10 was heavy on other southern cities as well. To read the full Forbes.com article and see the other cities that took the top spots, click here.

    Whether you’re looking to purchase rental property or you’re wanting a place for your own family, if you are interested in entering the Nashville housing market in 2017, it’s essential that you have an experienced real estate agent familiar with the market and its trends who can help to navigate you through this hot market!

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