Our Mortgage Expert and active Real Estate investor!

See what he has to say about the current housing market!

“We are finally seeing enough housing inventory come on the market that people feel good about selling then buying a home that more appropriately fits their family and themselves.  The transactions are not as frenzied, with moderate Seller concessions for closing costs becoming normal. 

The excellent economy and very low unemployment rate, both nationally and especially in Middle Tennessee, create an economic platform for sustained healthy growth. 

While the price to pay for good things in the economy is higher mortgage rates, payments relative to income are still a low percentage compared to other parts of the country.

We anticipate BOTH housing prices and rates to further increase soon, so whether buying a first home, buying up, or buying down, the sooner you act, the more money you will likely save. 

Also for the first time in over a decade, we are seeing clients consider loans that are fixed for a portion of the 30 year mortgage, typically 3-5-7-or 10 years, as most people change houses every 4-7 years.  Additionally,  we are seeing new “niche” products, such as low down payment loans, creative investor loans, marginal credit loans, etc.

If you would like to learn how to integrate an effective mortgage strategy into your short, medium- and long-term goals, or discuss the math and strategy to enable building additional wealth via rental properties, please schedule a FREE 45-minute session with me, Scott Layden.”



You contact Scott at 615-224-8851 or scott.layden@myccmortgage.com


This content is not the product of the National Association of REALTORS®, and may not reflect NAR's viewpoint or position on these topics and NAR does not verify the accuracy of the content.