The Tennessean reports "The median price of a single-family home in the Nashville area rose 8 percent in June from the month before to $181,312, the first time prices have been this high since June 2008, the Greater Nashville Association of Realtors reported Thursday."
Well kids, I'd love to tell you all this was because the market is making a huge comeback, prices will stay up and someone will buy you an ice cream. I wish I could. This is the final ripple of the tax credit. Don't get me wrong, as government hand outs go...I liked this one. However, I wished it would have been a lower amount for more time. Like 4 years. That would have truly "stimulated" the housing market instead of jabbing it in the ribs. This credit was a sudden spike and now its gone.
Oh well...we will be fine. It's just a long, narrow road out of this place. There are still tons of great houses on the market (see below) and the rates are great. Call me up and I'll promise not to lecture you on stimuli.
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