Nashville is still riding high on the real estate boom that began over 10 years go. Prices are rising and a number of new constructions are just around the corner.
However, developments over the past few months have suggested a long-overdue market correction may be on the horizon.
After seven years of steady increases, rents have dropped. And while the decrease itself is modest, the trend shift is significant.
As mentioned, housing prices are still increasing steadily, but the rate of that growth has slowed down. The increases remain at historic highs, and the slowing is in keeping with a broader national trend, but they still represent an important marker for how the market should run in the next few years.