Fixed mortgage rates in the U.S. set new record lows again this week, with the average on the 30-year loan dropping to 3.62 percent, down from 3.66 percent last week. Again, that percent is the lowest since long-term mortgages began in the 1950s. The historically low rates may help provide incentive for buyers in a recovering housing market.
The 15-year mortgage average fell too, down to 2.89 from last week’s record of 2.94 percent. The dropping rate on the 30-year loan has fallen or matched record low levels in the past 10 of 11 weeks and has stayed below 4 percent since December. Low mortgages have helped provide stability and a boost to the housing market which has long-suffered, however numbers this year show it strengthening slowly but surely with each passing month, with home prices rising in most markets and builders seeing more home builds starting at a faster pace.
Today’s featured waterfront in our Nashville Waterfront blog series is the Tennessee River. The Tennessee River, which is the largest tributary of the Ohio River, has been known by many names and is present through much of history, which makes it a very interesting river to take a deeper look into!
The Tennessee River appears on French maps from the 17th century by the names “Capquinampo,” or “Kasqui.” Later maps from the 18th century see it called “Cussate,” “Hogohegee,” “Callamaco,” and “Acanseapi.” A British map dated 1755 calls the river the “River of the Cherokees.” By the late 18th century, it had been dubbed “Tennessee,” a name derived from the Cherokee village, Tanasi.
Today, the river is an important part of the Great Loop, the recreation circumnavigation of Eastern North America by water. It is 652 miles long and used more and more for recreational boating and fun, as well as fishing, camping and picnicking around its shores. A fun fact about the Tennessee River is that is is home to over 100 species of mussels!
The Kentucky Lake is a reservoir of the Tennessee River located in Kentucky and Tennessee.It was created in 1944 by the Tennessee Valley Authority’s impounding of the Tennessee River by Kentucky Dam.Today’s featured waterfront in our Nashville Waterfront blog series is the Tennessee River. The Tennessee River, which is the largest tributary of the Ohio River, has been known by many names and is present through much of history, which makes it a very interesting river to take a deeper look into!
The Tennessee River appears on French maps from the 17th century by the names “Capquinampo,” or “Kasqui.” Later maps from the 18th century see it called “Cussate,” “Hogohegee,” “Callamaco,” and “Acanseapi.” A British map dated 1755 calls the river the “River of the Cherokees.” By the late 18th century, it had been dubbed “Tennessee,” a name derived from the Cherokee village, Tanasi.
Today, the river is an important part of the Great Loop, the recreation circumnavigation of Eastern North America by water. It is 652 miles long and used more and more for recreational boating and fun, as well as fishing, camping and picnicking around its shores. A fun fact about the Tennessee River is that is is home to over 100 species of mussels!
The Kentucky Lake is a reservoir of the Tennessee River located in Kentucky and Tennessee.It was created in 1944 by the Tennessee Valley Authority’s impounding of the Tennessee River by Kentucky Dam.
The developer who holds plans to build townhomes in Nashville’s Hillsboro Village neighborhood recently altered his plans in an attempt to cater towards area residents’ concerns about its impact on traffic.
The townhome development, currently named Blakemore Village, are planned to be located across from the Vanderbilt Practice field on 31st Ave. S., were originally planned to be built with 11 total units. The developer recently cut back on those plans and reduced that number to eight, which, while is less than originally planned, is still thought to be too many by area residents, who worry about the size of the lot, two-thirds of an acre, and its shape, which is triangular. The revised proposal will require a zone change and an update to the area’s community plan.
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Davidson’s neighboring county, Williamson, has seen residential construction rise this year, another positive sign of a strengthening Middle Tennessee real estate market.
Taxes collected on new construction over the past six months is currently at a five year high and median sales prices have been rising. Building permits are rebounding, too, as more and more are issued each month.
In the past three or four months, Williamson County has seen more building starts than sales, a very positive sign for the market. Contrast that with Davidson County, which has a more equal number of both.
The first Nashville-area location of Einstein Bros. Bagels opened this morning at 5:30 a.m., and the first 250 people who made it in line this morning received free bagels and schmear.
The new Einstein Bros. is located at 1020 Riverside Dr., in the former site of the Jack in the Box restaurant near Starbucks. This location is the first of four locations coming to the area to be opened by franchisee Phil Rice.
Located 75 miles southeast of Nashville in Winchester, Tenn., Tim’s Ford Lake is another popular Middle Tennessee lake.
Tim’s Ford Lake is located within Tim’s Ford State Park and offers all of the recreation treats that make any lake fun: boating, water skiing, wakeboarding, fishing, picnicking, hiking and biking. The state park also has 20 cabins available for rent as well as a 52-site campground with water and electric, 50 individual tables and grills and two picnic shelters. The state park is also home to a large L-shaped swimming pool featuring a 12-foot diving pool and children’s wading pool. A lifeguard is on duty during daytime swimming hours and the pool is open from Memorial Day through mid-August.
Tim’s Ford Lake was created by the damming of the Elk River and covers 10,700 acres. A marina on the lake has boats for rent as well as boating and fishing equipment. The lake is said to be prime for bass fishing.
A proposed construction and demolition landfill in Bellevue is causing quite a stir for residents in the neighborhood, who are trying to halt its existence.
The landfill, which would be in conjunction with a Metro Public Works recycling center, is said to have plans to be eco-friendly and accommodating to West Nashvillians as it will help clean up the area. It would be located just 300 feet from some homes in the neighborhood. A convenience center accepts household waste and recyclable material such as mattresses, carpets, aluminum, glass and more. A construction and demolition landfill, however, can process large quantities of commercial debris, crush concrete, chip wood, and manage waste steel products…
Breakfast: Frothy Monkey
Frothy Monkey bills itself as “A neighborhood coffeehouse and so much more.” Their breakfast menu consists of organic foods and local ingredients prepared fresh daily. It’s tempting to order based only on the names of the plates: The Bill, The Bob, The Plain Jane, The Fancy Jane, or Tennessee French (Toast That Is).
Activity: Percy Priest Lake
Take a walk through the woods or stay in the car – there are plenty of trails for either preference with amazing scenic views. Expect to see horses walking through the trails, locals getting away from city life to sunbathe or enjoy a picnic, dogs chasing Frisbees and kids playing.
A 350-unit apartment development is being planned for the popular Cool Springs area in Franklin, Tenn.
Spectrum Properties/Emery has plans to build the apartment community as part of developing a 71-acre tract south of Nissan’s North American headquarters and east of Interstate 65. The project could exceed $50 million, sure to help boost the economy by way of construction jobs.
Today on our Nashville Waterfront series we are featuring the Caney Fork River. The 143 mile-long Caney Fork is one of the major streams draining the Cumberland Plateau and a major tributary of the Cumberland River.
The Caney Fork rises in Cumberland County and flows northwest to the Cumberland River where it rises in Cumberland County, about six miles west north-west of Crossville. At the confluence of the Caney River, Collins River and Rocky River is Great Falls Lake – a beautiful area where canoes and kayaks are often found.
A fun fact is that the Caney River played a large role in the development of DeKalb County, by providing drinking water, power and transportation. It is also a river with rich history… click here to continue reading
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