What’s Going on in the Nashville’s Rental Market?

Video Description

Is Nashville on the verge of a housing bust? Landlords across the city are now offering up to 12 weeks of free rent on new apartments and townhomes — a clear sign of stress in the market. According to RealPage, Nashville ranks among the top 10 U.S. markets with the largest year-over-year rent cuts — down 2.6%. So what’s going on in Music City — and when will it finally feel affordable to buy or rent again? Data from Reventure App shows that building permits in Nashville skyrocketed during the pandemic, reaching record highs. All that construction is now hitting the market two to three years later, flooding the city with new supply. The good news? This surge in supply is finally pushing rents down. The rent-to-income ratio in Nashville has dropped to 24%, now below the long-term average. That means Nashville is currently a better market to rent than to buy. And because of that, Reventure’s forecast projects home values in Nashville will continue to decline over the next 12 months. Download Reventure Mobile App in app store now. --- REVENTURE APP: https://www.reventure.app Access Exclusive Data and Videos as a Channel Member: https://www.youtube.com/channel/UCVTQunGrE3p7Oq8Owao5y_Q/join DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship. Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/ Additional stock footage provided by Envato Elements. https://elements.envato.com/