More Accolades for Nashville

[markhollin]

Nashville expected to remain in Top Ten Housing Markets in 2018:

https://www.bizjournals.com/nashville/news/2017/11/29/nashville-expected-to-be-a-top-10-housing-market.html

[markhollin]

Nashville now boasts the lowest unemployment rate of any large metro area in the nation — adding to the litany of stats highlighting the region's economic growth and the escalating recruiting battles among companies competing for talent.

Unemployment in the Nashville metro area, which includes Williamson, Rutherford and other neighboring counties, stood at 2.3 percent in October. That's according to data the U.S. government released on Nov. 30.

It's the second time this calendar year that Nashville has claimed the lowest unemployment rate among the 51 metro areas that have populations of 1 million or more. The other time came in May, when Nashville tied with the Denver metro area.

https://www.bizjournals.com/nashville/news/2017/11/30/how-low-can-you-go-nashvilles-unemployment-rate.html?ana=twt

[markhollin]

Home sales in Nashville were up nearly 7 percent last month (over Oct. of 2016), new numbers released by the Greater Nashville Realtors show. Average prices were also up compared to last year. The median price for a single-family home last month was $285,000 in Greater Nashville, compared to $259,900 for the same month last year (a 9.6% growth).

https://www.nashvillepost.com/business/development/residential-real-estate/article/20985162/home-sales-up-nearly-7-percent-last-month

[Flatrock]

Nashville came in at #2.

"Forget New York - millennials are flocking to 10 US cities to get a job, buy a home, and start a life"

http://www.businessinsider.com/best-housing-markets-2018-millennial-home-buying-2017-12

[bigeasy]

1 hour ago, Flatrock said:

Nashville came in at #2.

"Forget New York - millennials are flocking to 10 US cities to get a job, buy a home, and start a life"

http://www.businessinsider.com/best-housing-markets-2018-millennial-home-buying-2017-12

22.9% of the population is my age and I am still single.....wtf.....

 

[Binbin98]

Every time I see an article about how nashville’s Housing market is supposedly slowing down another statistic pops up about how it’s actually still growing faster than I thought. It’s strange. I actually HOPE it slows down in the future a little and constantly absorbs and then builds again instead of exploding and fizzing out. I also think that if there is a slowdown here, there is bound to be a slowdown everywhere else as well.  The inherent qualities of life here don’t seem to be going away anytime soon (I hope), and so therefore people will probably be coming here for a long long time.

[NashvilleObserver]

2 hours ago, Binbin98 said:

Every time I see an article about how nashville’s Housing market is supposedly slowing down another statistic pops up about how it’s actually still growing faster than I thought. It’s strange. I actually HOPE it slows down in the future a little and constantly absorbs and then builds again instead of exploding and fizzing out. I also think that if there is a slowdown here, there is bound to be a slowdown everywhere else as well.  The inherent qualities of life here don’t seem to be going away anytime soon (I hope), and so therefore people will probably be coming here for a long long time.

All of the "Nashville is slowing down" articles I've seen are usually opinion pieces from the view of one person. Also, I think if there is a housing market slowdown here, it may take effect everywhere else first before it's really felt here.

Personally I hope Nashville rides this wave for a long long time until we're above and beyond Austin, Charlotte, Atlanta... etc.

[Pdt2f]

Having just bought a house in October (and able to vouch for the insanity of Nashville’s housing market), I hope Nashville’s housing market keeps skyrocketing, up to right after we sell in 5 years or so, then collapses long enough for us to get a bigger and beautiful place in like Germantown or 12 South, then keeps right on skyrocketing  

[tragenvol]

17 hours ago, NashvilleObserver said:

All of the "Nashville is slowing down" articles I've seen are usually opinion pieces from the view of one person. Also, I think if there is a housing market slowdown here, it may take effect everywhere else first before it's really felt here.

Personally I hope Nashville rides this wave for a long long time until we're above and beyond Austin, Charlotte, Atlanta... etc.

Have heard that folks at LSU's "Banking School" continue to contend Nashville has a hotel bubble ready to burst.....50,000 foot view....

[Rockatansky]

1 hour ago, tragenvol said:

Have heard that folks at LSU's "Banking School" continue to contend Nashville has a hotel bubble ready to burst.....50,000 foot view....

We should find out if that is true next year. 9k+ units expected to be delivered.

[smeagolsfree]

If we hit a recession I will guarantee it. But with prices where they are now, the hotel's need more competion for the prices to drop.

Fifty thousand hotel rooms is not out of site for a city the size of Nashville. Before the building boom, I looked at other cities and the amount of hotels within a couple of miles of their CC. We were behind cities like St Louis and Indianapolis. NoLa was way ahead, but there are a lot more tourist there. I am not sure where we are now.

But, we have a lot of business travelers,  convention goers and tourism has been on the rise. We have a good mix of travelers here. Thats always good for the hotel industry.

[Guest]

Top New Year’s Eve Party....

 

Ring in the new year

[jmtunafish]

Readers of USA Today named Nashville the best place to ring in the new year:

http://www.10best.com/awards/travel/best-place-to-ring-in-the-new-year/

1. Nashville
2. Santa Fe
3. Key West
4. New York City
5. Las Vegas
6. San Antonio
7. Orlando
8. Lake Tahoe
9. Honolulu
10. New Orleans

[MidTenn1]

Not so much an accolade, but a statement on how powerful Nashville's brand is around the country (and the world). From Fansided, 6 months ago. Imagine what the ratings would be in 2018 for a Nashville vs. Las Vegas Conference Final!!!

Quote

The national overnight rating for the broadcast on Sunday night came out to a 4.76, a 28 percent increase on the Penguins’ clincher in San Jose, California in 2016. Continuing on the national rankings, it’s the fourth-highest overnight number for any Stanley Cup Final game on NBC. Additionally, the 4.76 is the highest ever on NBC for a Stanley Cup Final game that didn’t feature the Blackhawks.

The Nashville brand and it's appeal to the nation is probably a big reason we were selected for the MLS. 

[nashvillwill]

22 hours ago, PHofKS said:

Not so much an accolade, but a statement on how powerful Nashville's brand is around the country (and the world). From Fansided, 6 months ago. Imagine what the ratings would be in 2018 for a Nashville vs. Las Vegas Conference Final!!!

The Nashville brand and it's appeal to the nation is probably a big reason we were selected for the MLS. 

There is no doubt in my mind that we now have an MLS team as a direct result of the Preds cup run. The latter would not have happened without the former. 

[nashvylle]

47 minutes ago, nashvillwill said:

There is no doubt in my mind that we now have an MLS team as a direct result of the Preds cup run. The latter would not have happened without the former. 

As well as the two strong attendances at the soccer games this summer at Nissan Stadium (over 100K for 2 matches within a month). 

[jmtunafish]

Nashville is one of the country's "best cities for beer drinkers."  This is based on the concentration of microbreweries and bars, the average Yelp scores, and the cost of a pint.

https://smartasset.com/mortgage/best-cities-for-beer-drinkers-2017-edition?utm_source=second-street&utm_medium=email&utm_campaign=Beer+Blog+Newsletter

[markhollin]

Comedian Rich Hall selling Brits on coming to Nashville in the London Times:

https://www.thetimes.co.uk/article/rich-hall-on-nashville-tennessee-82bzf5n0r#_=_

 

[jmtunafish]

48 minutes ago, markhollin said:

Comedian Rich Hall selling Brits on coming to Nashville in the London Times:

https://www.thetimes.co.uk/article/rich-hall-on-nashville-tennessee-82bzf5n0r#_=_

 

Best line from the article:

"Lower Broadway is like Amsterdam if all the hookers in the windows played instruments."

[markhollin]

 

https://www.bizjournals.com/nashville/news/2018/01/08/with-attendance-boost-bridgestone-arena-moves-up.html
 

[CenterHill]

19 hours ago, markhollin said:

 

https://www.bizjournals.com/nashville/news/2018/01/08/with-attendance-boost-bridgestone-arena-moves-up.html
 

Wow!      And to clarify the numbers: 

"The data only includes tickets sold for concerts and other performances; it does not include tickets sold for sporting events, such as the Nashville Predators' historic Stanley Cup run last year."

 

[bigeasy]

That is a huge increase YoY. Were there just bigger names playing there, or were there just more concerts? Wonder how many days of the year they have something going on there?

[markhollin]

Nashville AND Franklin named among top 30 cities in the U.S. to visit by TripAdvisor.com:

https://www.tripadvisor.com/VacationRentalsBlog/2018/01/02/top-usa-cities-to-visit/

[Flatrock]

From Curbed magazine:
9 Real Estate Markets to Watch in 2018

https://www.curbed.com/2018/1/9/16868250/2018-real-estate-markets-to-watch

Yep. We're in there along with the likes of Denver, Dallas, Seattle, Austin, Raleigh, etc.  A strange reference to the River North development; suggesting that tenants were already lining up. Did I miss something?

[MidTenn1]

1 hour ago, Flatrock said:

From Curbed magazine:
9 Real Estate Markets to Watch in 2018

https://www.curbed.com/2018/1/9/16868250/2018-real-estate-markets-to-watch

Yep. We're in there along with the likes of Denver, Dallas, Seattle, Austin, Raleigh, etc.  A strange reference to the River North development; suggesting that tenants were already lining up. Did I miss something?

And another shout out to our Urban Planet page.....

From CURBED..

Quote

Observers counted more than 50 cranes hovering above Nashville last year.

Which links to the Nashville Post;

Quote

For the past few years, Nashville-based manmade environment enthusiast Mark Hollingsworth has documented the city’s explosive growth by compiling lists of large-scale projects (buildings of five stories or more) in Davidson County.