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In this edition of the NAI Nashville Market Report podcast, I spoke with Timothy Downey the President and CEO of the Southern Land Company about their new mixed-use development in the Cool Springs area called McEwen.
On February 4, Southern Exposure Magazine and Franklinis.com held a banquet for all of the 2007 Sizzle Award finalists. Southern Land Company was voted Best Builder/Developer in Williamson County for the second year in a row. With the amount of growth and development in this county, it is a huge honor to be named the best.
Home sales plummeted throughout 2007, with December sales posting the most severe year-over-year drop in nearly 17 years. That did not translate into falling prices for homebuilders and sellers, according to data released Wednesday by the Greater Nashville Association of Realtors.
The jumbo mortgage is like much of the Williamson County real estate market: big, expensive and popular. At least, popular for now.
From 2005-2006, Southern Land Company increased revenues by 72%, jumping from $58 million to more than $100 million. The company is on track to produce revenues of $150 million in 2007 and it currently has $1.25 billion worth of real estate under development.
The company will offer loans up to $6 million for new home purchases as
well as providing refinance programs, construction loans, 100 percent
financing options, interest only loans, and adjustable rate mortgages.
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