New Homes Slow, Historical Coming on Market

Parts of the housing market in middle Tennessee have dropped by about 25%, most notably in the housing starts.  As a result, builders have begun layoffs.  The Daily News Journal published an article today stating that Ole South has laid off part of its work force since their usual 700 homes p/year has dropped to about 500.  In reality, that 25% drop is about what I’ve seen in our local market, though Smyrna remains strong. 

Speaking of Smyrna, I heard at our meeting today about a fantastic old home about to come on the market.  It’s called the “Coleman House” and could be described as Smryna’s first bed and breakfast.  Back when farmers would bring in cotton, the one hotel in town filled up so the owners of the Coleman House would rent the three upstairs bedrooms.  It was built in the early 1900’s and has more than 3,000 square feet.  This gorgeous 5-bedroom home has all hardwood (under carpet in some rooms), oak handrails on the stairs, a covered deck, a kitchen that could be remodeled, new roof, new siding, and a front porch that’s over 40×10 in size. 

If you’re interested in historical homes, please comment with your email (that’s not published) and I’ll arrange a tour!  I’ll post a photo once online!