Steve Jolly - The REO Expert for Greater Nashville

Foreclosure, Bank-Owned and REO Homes for Sale
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  • Foreclosure Activity Drops 9% in April

    RealtyTrac® reported for April 2010, which shows that foreclosure filings had a 9 percent decrease from the previous month and a 2 percent decrease from April 2009. One in every 387 U.S. housing units received a foreclosure filing during the month. “There were two important milestones in the April numbers that show ...
    Posted to Steven Jolly (Weblog) by 602095 on May 17, 2010
  • Prices Not Following the Increasing Sales Activity

    There were 2,145 home closings reported for the month of April, according to figures provided by the Greater Nashville Association of REALTORS®.  This represents an increase of 33.7 percent from the 1,604 closings reported for April 2009.Year-to-date closings are up compared to last year with 6,337. That is an 18 percent increase compared ...
    Posted to Steven Jolly (Weblog) by 602095 on May 11, 2010
  • New EPA Rules Drive Up the Cost of Renovations

    The U.S. Environmental Protection Agency announced that repairs of pre-1978 housing must now be conducted using new practices to further protect people from exposure to lead-based paint.  The new work rules became effective in April 2010.  Renovations that distrub more than 6 square feet of ...
    Posted to Steven Jolly (Weblog) by 602095 on April 24, 2010
  • Tax Credit Deadline Drives Nashville Area Home Sales

    There were 1,851 home closings reported for the month of March 2010, according to figures provided by the Greater Nashville Association of REALTORS®. This figure represents a 21.6 percent increase compared with 1,521 closings in March of 2009.  Numbers for the first quarter of 2010 were 4,192 closings, up 11.4 percent from the 3,762 ...
    Posted to Steven Jolly (Weblog) by 602095 on April 17, 2010
  • Greater Nashville Home Sales Information for January 2010 Activity Has Mixed Results

    There were 1,033 home closings reported for the month of January, according to figures provided by the Greater Nashville Association of REALTORS®. This figure is up 6 percent from the 974 closings reported for the same period last year. “The year has started with positive news for home sales in Greater Nashville,” said GNAR ...
    Posted to Steven Jolly (Weblog) by 602095 on February 9, 2010
  • HUD awards $30 million to MDHA for Foreclosure Rehab & Affordable Housing.

    The U.S. Department of Housing and Urban Development has announced that the Metropolitan Development and Housing Agency, in a consortium established with The Housing Fund, Urban Housing Solutions, the Woodbine Community Organization and Pinnacle Financial Partners, has been awarded nearly $30.5 million in new funding. Nashville was the only ...
    Posted to Steven Jolly (Weblog) by 602095 on February 1, 2010
  • New Incentive for Buyers Purchasing Fannie Mae REO

    Fannie Mae is offering an incentive for buyers purchasing and closing on a Fannie Mae REO between January 28 and April 30, 2010. The incentive’s goals are to encourage buyers to purchase REO properties and increase the sales volumes to help manage the higher levels of inventory anticipated this year. The incentive is a total of 3.5% of the ...
    Posted to Steven Jolly (Weblog) by 602095 on January 28, 2010
  • Tax Credit Continues to Stimulate Home Sales in November

    First-time homebuyers taking advantage of tax credit continue to stimulate sales There were 1,973 home closings reported for the month of November, according to figures provided by the Greater Nashville Association of REALTORS®.  This figure is up 58.7 percent from the 1,243 closings reported for the same period last year. Year-to-date ...
    Posted to Steven Jolly (Weblog) by 602095 on December 17, 2009
  • Nashville Home Sales Increase Due to Tax Credit

    There were 2,145 home closings reported for the month of October, according to figures provided by the Greater Nashville Association of REALTORS®.  This figure is up 22.7 percent from the 1,748 closings reported for the same period last year. This is the first time since October of 2006 that Greater Nashville home sales have recorded and ...
    Posted to Steven Jolly (Weblog) by 602095 on December 7, 2009
  • Nashville Posts Third Straight Month of 2000 Closings

    There were 2,064 home closings reported for the month of August, according to figures provided by the Greater Nashville Association of REALTORS®. This represents an 9.2 percent decrease from the 2,273 closings reported for the same period last year. Year-to-date closings for the Greater Nashville area have decreased 23.8 percent. There were ...
    Posted to Steven Jolly (Weblog) by 602095 on September 17, 2009
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