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Nashville At Risk Of Home Price Slump, Firm Says

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A new report elevated Nashville's risk for a decline in home prices. Credit: Tony GonzalezWPLN
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A new analysis puts Nashville as one of two cities most at risk for seeing home prices decline, elevating the threat level for Nashville’s housing market.

Arch Mortgage Insurance just released their
housing report and it says Nashville has a “moderate” risk of home prices declining in the next two years. In 2016 it ranked Nashville as “low” risk.  

And while home sales are subject to seasonal swings, prices look to be softening already. In the past three months,
median home prices have steadily declined from $294,000 in June to $280,000 in September.

The only other metro area with such a high risk was Fort Lauderdale, Florida. The report says Nashville was elevated mostly due to home prices growing faster than incomes, which hurts affordability. 

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Meribah Knight, Senior Reporter/Producer of Special Projects

Meribah Knight is a senior reporter and producer at Nashville Public Radio. She’s the host and creator of the Peabody Award-winning podcast, The Promise as well as Serial’s recent podcast The Kids of Rutherford County.

Her reporting on race and inequality in public schools prompted a wholesale shift in enrollment and attitudes toward school choice in one Nashville neighborhood. And her reporting on the juvenile justice system in Rutherford County, Tenn., led to the retirement of its juvenile judge and new oversight of its juvenile detention center.

Knight has received numerous national awards for her reporting, including the George Foster Peabody Award and the George Polk Award. Knight was also a finalist for the Pulitzer Prize, the Goldsmith Award, and twice a finalist for a National Magazine Award. Knight received her master’s degree in journalism from Northwestern University.

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