Wednesday, April 16, 2008

Foreclosures in Nashville Up 6.9% Quarter to Quarter.

While the report below from Southeast Title of Tennessee, Inc. reports a 20.6% increase in foreclosures for the Nashville MSA, the numbers for Davidson County show an increase of 6.9%. It is my opinion that this is showing that Nashville is weathering the sub-prime crisis much better that the balance of the country.

Tuesday, April 15, 2008

PRESS RELEASE

Foreclosure Index

Nashville, Tennessee

Subject: Foreclosure Sales – Nashville/Davidson County Metropolitan Statistical Area

For the 1st quarter of ’08, actual foreclosure sales in the Nashville MSA increased 20.6% year over year to 743 compared to 616 in 2007. Wilson County led the pack with a whopping 166% increase. Surprisingly affluent Williamson County was right behind with a 150% increase. Davidson County increased only 6.9 % for the same period while foreclosure sales in Cheatham County actually decreased by 13.3%.

The County by County breakdown is as follows:

County:

1q ‘08

1q ‘07

+/-

% change

Cheatham

13

15

-2

-13.3%

Davidson

509

476

+33

6.9%

Dickson

17

11

+6

54.5%

Robertson

26

21

+5

23.8%

Rutherford

84

56

+25

50%

Wilson

24

9

+15

166%

Williamson

70

28

+42

150%

The preceeding information has been compiled by Southeast Title of Tennessee, Inc., Brentwood, Tennessee and is based on the actual recordings of foreclosure deeds in the register of deeds offices for the 7 counties encompassing the Nashville/Davidson County Metropolitan Statistical Area.

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