Home prices in Nashville, Tennessee, showed an increase from last year. A number of factors are leading to the thought that potential buyers could be calling in the first half of 2012. Mortgage rates have reached record lows and this comes at a time when Nashville apartments are continuing to rise in rental rate. The area has experienced a 16 percent increase in rental average in only a year’s time. This increase is a cautionary warning to those who are deciding between continuing to rent and buying that first home.

Home sales for 2011 numbered 20,624; an increase of 1.8 percent from 2010. While a 1.8 percent increase may not seem very large, it is important to note that it is the first time the local market has shown an increase – all without tax credits or other incentives.

Foreclosure rates, which have never been over 3 percent for the Nashville area, are down as well. Again, local factors such as the closure of the Saturn plant had much to do with these figures. The recent announcement of the plant’s reopening is welcomed news for 2012 real estate sales. Better than national average figures on unemployment also indicate healthy home sales in 2012.

At the beginning of 2012, inventory for homes in Nashville had declined by 8 percent and distressed homes entering the market remained at 2 percent. What does this all mean? For buyers, this means there are still homes for sale in Nashville at affordable prices and incredibly low mortgage rates for those who qualify. For sellers, less inventory, more job seekers relocating, means more competitive bidding among buyers.

The good news for sellers is that even though home prices are still dropping, they are not plummeting as they had been previously. As inventories decline, demand among buyers will increase along with home value. The good news for buyers is that low home prices and enticing mortgage rates, could make 2012 a great time to purchase a home.

The article in the Murfreesboro Post mostly focuses on the housing market in Rutherford County, but, as one of the 11 counties in the greater Nashville area, it is pretty safe to say the same housing trends can be found throughout metro Nashville. Feel free to read the full article for specific details and quotes from Edsel Charles, a real estate market analyst.

“We go beyond the gimmicks and special incentives that are common in today’s market to give our buyers what they really want – a home that exactly fits their lifestyle,” said Richard Bell, President of Turnberry Homes. “Being a nimble, customer driven company with hands on management, we let homebuyers tailor finished homes to ‘live’ the way they want at little or no charge.”

Turnberry’s approach is vital in today’s market, where many homebuyers move on a quick schedule related to relocations or fast closings on their existing homes. By choosing to work with Turnberry’s structural and interior designers to custom tailor an existing home, buyers get the custom experience without having to wait for months to move.

Also on the page are a few photos of homes built by Turnberry, including interior shots of the model homes. At this facebook page, you’ll be able to get a true grasp of the level of luxury attained by living in a new home in Nashville built by Turnberry Homes. Be sure to check them out!

At Stags Leap many homesites are currently available, providing the homeowner with complete creative freedom for customizing your new home. However, if a more immediate move-in is what you had in mind, there are standing inventory homes currently available as well. Stags Leap offers many of the most popular options and features available on the market today, like master-on-main, bonus rooms, two-story family rooms and foyers and three-car side-entry garages.

To help you get a true idea what your new home in Nashville will look like, we encourage you to visit the community and tour the fully decorated model home. It is here that you will see many fine finishes first hand, like hardwood floors, vaulted and trey ceilings, intricate molding packages, wrought iron railings and more. By looking at the model home, you will get a better idea of what you want and don’t want in your new home. Also, be sure to take notice of the community swimming pool during your visit.

Turnberry Homes builds in multiple communities throughout the Nashville area.