The Tennessean recently published the article, Nashville property values increasing at ‘historic’ clip. Each year, the city assesses the housing market. The last appraisal in 2013 was 5.3% higher than in 2009. Because of the on-going growth and construction in Nashville, experts say that another big increase will be seen in 2017 when the city completes the next appraisal. The jump in real estate is estimated to be between 33-37%. This increase in the property values will undoubtedly put Nashville ahead of the curve. Those older neighborhoods near Nashville’s center have the highest property values. There are thirty-five metro council districts that have been impacted by the property values increasing. The Top properties include Inglewood, Cleveland Park, Wedgewood Houston, parts of West Nashville, and Lockeland Springs. Because of the booming market, Nashville is looking to establish new policies about retaining and creating more affordable housing.
In the Nashville area, one of the leading real estate giants is Scott Lumley, who is a principal member of Resolve Commercial LLC. A former rodeo champion, Mr. Lumley received his education at the University of Tennessee at Martin. He is the prior president for Large-Lots, Incorporated. His entrepreneur experience has also made him the current President of Resolve Financials, LLS and Resolve Commercial LLC. He specializes in purchasing and remodeling older commercial buildings, which in Nashville gives the city a new, modern life. Mr. Lumley has a strong consciences and stellar work ethic. His skills and attributes can be seen in his many achievements.
Mr. Lumley not only wants to assist Nashville’s real estate but at one point wanted to encourage a new professional basketball team. In 2008, he started up a basketball franchise and to this day, it is the only ABA franchise to be sold for a profit. Nashville previously had Nashville Rhythm representing the state in the American Basketball Association. Mr. Lumley brought the team back. After training the team and preparing for games, he later sold the team. Mr. Lumley’s passion for enhancing the community stretches on every level. He wants the best for Nashville and strives for that success.