McSquared in Music City July 2024

School's OUT for SUMMER! ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

"School's out for Summer..."

🎶🎵🎶🎶🎶

Welcome back!

Did the past five days seem like a really long weekend?! I hope you and yours had a safe and happy Fourth of July 🇺🇸

Jumping right in, it looks like everyone started summer as soon as school got out! June figures show the number of sold properties off 20% MoM and down 22% from last year at this time for Davidson county, while Williamson County "sold" numbers were flat MoM and off about 12% YoY. Inventory slowly increasing as a result. Before you go all doom and gloom on me, hear me out. Markets need breathers just like you and me. I see these pull backs postively - Market participants naturally working towards finding equillibriium where buyers are comfotably making well educated, researched, transparent purhcases and sellers are having honest conversations about their unique value as it relates to demand and similar inventory. Solid footing from which to grow. This is the time I remind you not to get caught up in  salacious headline news, quick market moves and interest rate speculation. Real estate is hyper local AND BIG picture. It's not a get rich quick scheme.  So don't try to top tick your sale or buy the bottom. Just get in the game. 

One of Charlie Munger's favorite historical tidbits: In ancient Rome, when an aqueduct or bridge was built, the chief engineer had to stand directly under the arch when the scaffolding was removed. Munger called ideas like these "mental models." They're systematic ways of approaching decisions: minimizing bias, maximizing accountability, fighting overconfidence and widening the aperture of your viewpoints.

In the incredibly emotional world of residential real estate, transparency begets that confidence. I argue now is one of the best times to be involved; when both sides have the runway to make informed, objective decisions. I hear so much rate talk from people and speculation about when it will happen, what it will be, how many there will be. Three percent on a 30 year fix is something of the past and something most of us will not see again in our lifetimes. Know your values and objectives, write them down, and if there's capacity, we'll find your opporunity to make a confident investment. One you can stand under! 😉

We'll likely see families doing just that this month as they priortize schooling for their children and make those last minute shuffles to ensure they're in the "right" zoning before the school year begins! Decisions in line with values and needs - BOOM!

❤️ 
Shane

While there is magic in the thick Southern summer air as the heat has setttled in and the fireflies play, I dream of crisp alpine air at our favorite watering hole! (Tahoe)

Nashville Sounds Games

First Horizon Park
Germantown

The Caverns | Taylor Nation Tribute Show

3rd & Lindsley Bar & Grill

Alabama - Roll on North American Tour with Special guests Gary Allan and Dusty Slay

Cornelia Airpark Concerts

Cornelia Fort Airpark

Music in the Vines | Jazz: the Lilliston Effect & Bluegrass: Down River Collective

Def Leppard & Journey

Hootie & the Blowfish

July 26th - July 28th

TENNESSEE'S TAX FREE BACK TO SCHOOL WEEKEND

Notable in Nashville

514 Legends Ridge Court

6 BD   6.5 BA   8423 SF   $3,890,000

Cresting the hill, set within mature landscaping, this stunning French inspired, custom-built home is revealed, presenting a warm ambiance of privacy and exclusivity.  Positioned to maximize a rear facing, Northern exposure & the natural hillside, the home’s three floors offer six thoughtfully placed ensuite bedrooms, serviced by an elevator. The fully fenced rear garden is accessible via a remarkable, newly constructed two story covered veranda, complete with fireplace, Infratech heaters, ceiling fans, TV, outdoor kitchen and grill. Built for entertaining with two wet bars in addition to the world class wine cellar, a two story, coffered ceiling living room elevates an evening to grand scale, while a multitude of spaces including the double island, discerning chef’s kitchen are maintained for the intimate moments of everyday modern life.Sonos speaker system, Central Vacuum, 4 car, WiFi enabled garage, electric Hunter Douglas blinds, Jeld-Wen double pane windows with plantation shutters throughout and 3 fireplaces affirm the consistency commanded from the home’s stewards. 514 LRC presents an unparalleled opportunity of elegance and serenity to call home.

1212 Laurel Street, Unit 509

1 BD   1 BA   798 SF   $750,000

Rarely available, 300+ SqFt of outdoor living space in a luxury high-rise, full-service, doorman building. Soaring ceilings, typically reserved for penthouse living, and a unique Southeastern terrace, enhance the proportions and livability of the home. Positioned on the building’s amenities deck, the residence provides unparalleled access to the pool, fitness facilities, shared grills and fire pits as well as the two guest suites available to residents on a first come basis. Unit 509 represents a distinct opportunity of access and ease for turn-key living in the continually evolving Gulch neighborhood within one of the nation's most vibrant cities. One car assigned parking.

1423 Gartland Avenue

3 BD   2 BA   1780 SF   $949,999

Welcome to your new home, where joy and possibility await! Located in the heart of Lockeland Springs, East Nashville, this newly renovated home features a large front porch overlooking beautiful, low-traffic streets. Enjoy privacy and comfort with a fully fenced backyard. The detached 2-car garage can become your personal gym, creative studio, or stylish DADU retreat. Here you can experience Nashville's vibrant pulse right outside your door! Leisurely stroll to nearby parks, great restaurants, and entertainment venues, immersing yourself in the city's rhythm. This is more than a home; it's a lifestyle filled with excitement and convenience. This property offers a unique income opportunity, currently operating as an owner- occupied short-term-rental. Lockeland Springs invites you to embrace its warmth and character, all for under a million dollars! Don't miss this rare gem in one of Nashville's most coveted neighborhoods that effortlessly blends classic charm with modern comforts.

3 BD   3 BA   3120 SF   $1,599,000

Rare opportunity to own a Victorian bungalow on one of East Nashville’s most sought-after streets - complete with an outdoor oasis, in-ground pool, and income-producing detached garage apartment. The perfect marriage of contemporary upgrades with elevated historic Victorian charm features: soaring 12-foot ceilings, intricate crown molding, wide doorframes, original transom windows, antique fireplace mantles, and more. Downstairs primary bedroom and spacious en suite bath. Three large bedrooms and a full bathroom can be found upstairs in addition to space for a home office or bonus room at the top of the stairs. The crown jewel of this historic property can be found off the back of the house. Enjoy entertaining on the fabulous screened-in, covered porch and in-ground pool: complete with easy-upkeep astroturf grass, and contemporary, lush landscaping. 450 square feet of additional living space is found over the detached garage with alley access and parking pad. Income producing DADU.

In case you missed it

* Five Undeniable Truths from Steve Jobs worth pondering:
  1. Don't educate your children to be rich: educate them to be happy         so when they grow up, they will know the value of things and not the price.
  2. Eat your food as your medicine, otherwise, you have to eat medicine as your food.
  3. The 6 best doctors in the world are:  Sunlight, rest, exercise, diet, self-confidence and friends. Maintain them in all stages and enjoy a healthy life.
  4.  If you just want to walk fast, walk alone, but if you want to walk far, walk together.
  5.  The ones who love you will never leave you. Even if there are 100 reasons to give up, they will find one reason to hold on.

* Activist Elliott Investment Management is seeking to overhaul Southwest Airlines’ leadership to boost its financial and stock performance. (WSJ)

* Costs to charter containerships have at least doubled since December. (Lloyd’s List)

* British security firm Ambrey wrote the potential loss of two vessels within a few days marks “a significant increase in effectiveness” for the Houthis, suggesting no end in sight for the disruptions to global trade flows.

* Electric-vehicle startup Fisker filed for bankruptcy protection and has been winding down operations. (WSJ)

* Want to attract rich people to your area? Tax breaks are the #1 driver: Italy's 2017 flat-tax scheme to lure high-net-worth residents levies a $107,449 per year tax regardless of income if they establish residency in Italy. The tax law has attracted thousands of super-rich people to the country, many to Milan and its outskirts. (MANSION)

* Sony Music bought the Queen music catalog for ~$1.3 billion, making it one of the most valuable rock songbooks

* · The number of American homeowners without insurance has more than doubled to 12% from 5% in 2019. The spike in uninsured homes is being driven by a dramatic rise in the cost of coverage. Higher premiums are putting a strain on households already struggling to afford life’s staples. Some bet that something bad won't happen to them. Some bet that government will rescue them. The fewer people paying into the insurance system the higher rates are bound to go for everyone else? (USA TODAY)

* The number of uninsured Americans dropped by about a fourth from 2019 to 2023 after efforts to bolster coverage during the pandemic. (Bloomberg)

* Private Equity titan KKR paid $2.1 billion for more than 5,200 apartment units across the US....Blackstone paid $10 billion for the landlord Apartment Income REIT, and last month Brookfield bought a portfolio of 7,000 apartments for $1.55 billion.....all are betting rents and home prices will rise as construction starts decline amidst higher financing costs. (WSJ)

* The Biden administration issued mass pardons to US military members who were discharged and court-martialed for being gay under a Cold War-era rule

* Amazon plans to launch a Temu-like service selling cheap items from warehouses in China that ship directly to consumers. (The Information)

* More than 90% of newly issued home loans in recent years were 30-year fixed-rate loans, compared with two-thirds in the run-up to the 2008 housing crash. (WSJ

If you're in the market or know someone who would benefit from an informal conversation with me, please click here and we'll schedule some time together. 

REMEMBER, 
I have established relationships nationwide, likely in in your local markets, with agent colleagues of mine.  Utilize the trust I've established with these high performing men & women to foster smooth dealings on your next transaction. 

See the map below for our broad reaching locations. Thank you!

Shane McCarty

Affiliate Broker
M: 209.601.1957
O: 615.475.5616
shane.mccarty@compass.com

Office: 615-475-5616

Compass RE is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.