The Book

A MESSAGE FROM BOB

Nashville and Middle Tennessee had a tremendous 2015, ranking #1 in destination travel in the U.S. and making the Hottest City List in the U.S. It was also an outstanding year for our area’s real estate market, with indicators that 2016 will continue on the same course. This past year was one of the best our industry has seen in over 10 years with sales up 18% from 2014. The employment rate is a leading indicator of real estate activity by 12 to 18 months, with Middle Tennessee’s unemployment rate lowering to 5.6% in 2015. 2016 shows that the future is bright with the job market continuing to grow, consumer confidence strong and more growth in monthly home sales. Millennials made up one-third of homebuyers in 2015. Persons aged 25 to 35 are becoming more confident about buying a home; and with a strong economy and job market, they will be a big portion of the first-time homebuyers in 2016. Many potential sellers will enter the market, but with strong buyer demand, it will take some time for the market to reach a preferred inventory level. New construction combined with existing homes sales will help fulfill buyer demand, but buyers should be ready to act quickly. When I began this journey over 40 years ago, I never imagined Parks would be what it is today. We are truly blessed to live in Middle TN and have the best jobs in the world! The culture that each office has created and our momentum in the Nashville market is amazing; It’s so special to be at this place with you - to have the friendliest and most welcoming offices, a culture that feels like family and to see how much we give back to the communities we live in. It’s all important and makes Parks what it is today.

Thank you for being a part of Parks!

God Bless,

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