"Time is on my Side,

Yes it is"

🎶🎵🎶🎶🎶

Where has November gone?! These last several months of any year seem to go by so quickly! I am reminded of the well known and often overused adage, "time is the last luxury." Aint that the truth! It goes faster the older we get...

My read of today's economy can make me feel like a bit of a curmudgeon. Idk, maybe I am! Volatility is rising - just take a look at the VIX index - a result of wider swings in the equity markets. The pendulum at it's extremes as a result of risky actions and uncertain results, equivalent to swinging for the fences - hoping for the homerun win with just as much likelihood of an out. When I see a property sell that I thought was wildly aspirational priced by it's seller, I'm perplexed. What is making the buyer comfortable to make such a large, dare I say risky swing in such a soft market?

Putting myself in his shoes, I am assured by the greatest transfer of wealth from Baby Boomers to their heirs is in it's infancy, interest rates stabilizing, Trump's OBBB allowing for some generous tax savings, and Nashville being in it's infancy of a tremendous growth trajectory. Tennessee will likely continue to be a tax haven for down-sizers who swap their child-rearing familial homes for luxuriously amenitized condominium/community living. I venture to guess Marriott has the same thesis with the forthcoming Ritz Carlton, Edition and St. Regis hotels and residences. Why not swap your Southern California 5k SqFt home for a new doorman building with valet parking, grocery storage, a pool, gym and restaurant, providing walkability and a lock-and-leave lifestyle with a 13% tax savings? More time and money for trips and experiences. Easy access to the Eastern Seaboard, Florida beaches, and with continued expansion of the airport and international routes, direct access to Europe (and shorter flight times!).

With a young workforce focused on healthcare, technology and entertainment, we continue to see young families putting down roots in Middle TN. Their parents are following suit so they can spend time with grand-babies and their kiddos alike. Historically, families lived close to one another. Are we getting back to that, just in new locations? As a family man myself and in the spirit of Thanksgiving togetherness, I'd like to hope so!

This market could definitely use some more grandparents and homerun hitters as October's numbers show new escrows opened were off by 9% and 14% versus the prior month for Davidson and Williamson counties, respectively. Closings were flat versus this time last year for Davidson County (Nashville). A bright spot in the data, Williamson County (Franklin/Brentwood) saw an uptick in sales versus the prior month and versus the prior year. Maybe some grandparents heading to Westhaven's 55 and up community to be closer to family? 😉

Remember, we rarely know we're in the bottom of a cycle. It's almost always hindsight when we're playing catch up to get our piece of the action. Are we on the upswing? Time to play ball!?!? What's your take on this market?

Wishing you all beautiful Thanksgiving holiday season,

❤️

Cheers,

Shane

* FAMILY TIME at it's best with our new little nephew nugget, Henry! ❤️👶

** Showing off Lower Broadway at Compass Mid-States Conference

*** TWENTY YEAR SMU College Reunion 🐴

****SMU Boulevard with friendships that stand the test of time

Development Spotlight

FOCUS DESIGN BUILD

The MONROE

Twenty-nine homes will sit on the centrally located, gently rolling topography formerly home to Monroe Harding, the 128+ year old orphanage turned Children’s House in Green Hills. I recently spent an afternoon with Lindsay Argo of Focus Builders – a custom and spec home developer in Nashville she and husband, Seth established 10+ years ago – who, along with Barlow Builders and Hidden Valley Homes have been tasked to masterfully repurpose twenty-two serene acres into a community worthy of its namesake. Sitting in a kitchen of distinction, with warm Southern hospitality, Argo is deliberate as she explains their process from ideation through execution.  When creating an everlasting contribution to our burgeoning Nashville community she and Seth apply their cooperative experience, education, and personal life experiences toward each project.

Full article & more information here.  

If you, or anyone you know may be interested, please send them my way for more information.

Please contact me for more information.

Listed by our friends, Lindsay Argo

The Focus Group of TN, LLC.

Local Events

November 1st

Nashville SC

- Nashville v Miami

GEODIS PARK

ALL MONTH LONG!

TITANS FOOTBALL

- Chargers vs Titans

- Texans vs Titans

- Seahawks vs Titans

- Jaguars vs Titans

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- Gardner-Webb vs TN State

Nissan Stadium

ALL MONTH LONG!

HOCKEY BABY

- Preds v Calgary Flames

- Preds v Vancouver Canucks

- Preds v Philly Flyers

- Preds v Dallas Stars

- Preds v Colorado Avalanche

- Preds v Florida Panthers

- Preds v Winnipeg Jets

Bridgestone Arena

November 2nd | 8pm

MAROON 5

LOVE IS LIKE Tour with special guest Claire Rosinkranz

Bridgestone Arena

November 4th | 7pm

SABRINA CARPENTER

Short n' Sweet Tour with special guests Olivia Dean & Amber Mark

Bridgestone Arena

November 6th | 8pm

PAUL MCCARTNEY

GOT BACK

The Pinnacle

November 11th -16th

Disney's

BEAUTY & THE BEAST

Disney on Broadway recommends its productions for ages 6 and up

TPAC

November 29th - Dec 28th

NASHVILLE'S NUTCRACKER

TPAC

November 13th - Feb 8th

ZOOLUMINATION

Zoolumination®, presented by Stella Artois, transforms Nashville Zoo into a glowing wonderland with over 1,000 handcrafted silk sculptures. Wander among giant illuminated creatures, dazzling scenes, and glowing walkways that will leave you in awe.

Nashville Zoo

November 19th | 7pm

The 59th Annual

CMA AWARDS

Bridgestone Arena

November 21 - Jan 4th

CHEEKWOOD

HOLIDAY LIGHTS

Holiday LIGHTS

Nov 21, 2025 - Jan 4, 2026 4:30 PM - 10:00 PM

Cheekwood

November 22nd | 7;30PM

THE LONE BELLOW

with Kaitlin Butts and Caroline Spence

Ryman Auditorium

November 23nd | 7;30PM

BOZ SCAGGS

The Pinnacle

November 28th | 8PM

BRETT ELDREDGE

with Steven Rogers

Ryman Auditorium

Notable in Nashville

In case you missed it

* LOCAL: 

* Bastion, Locust and The Catbird Seat each received a coveted Michelin Guide One Star distinction, placing them among just 10 new Star recipients across the South. Congratulations Chef!

* Nashville Yards opens 1.31-acre Ascension Saint Thomas Landing park downtown. Park features dog park, bar, food containers and urban farm. Dinkville Under Broad offers pickleball courts and mini golf course. [NBJ]

* Shorenstein Investment Advisors paid $217.75 million for 1222 Demonbreun office building. The sale is Nashville's second-highest office building transaction ever recorded. The 20-story building is 97% leased, offering 330,000 square feet. [NBJ]

* A Metro permit reveals news details on Ritz-Carlton's Gulch hotel and condo tower. The development will include 182 hotel rooms and 140 condos across 40 floors.

* The Pendry Nashville will offer 180 hotel rooms and 146 condos. Condo units start at $1.25 million with exclusive amenities. The $364 million tower is slated for completion in 2027.

*AJ Capital Partners unveils new details for Belle Meade Village, a 15.5-acre mixed-use development. Luxury condos in the development start at $2.5 million. The project includes retail, a massive park and a historic carousel.

* Dolly Parton's SongTeller Hotel secures lease agreement with Metro

* Walker Brothers to open kombucha-focused saloon in East Nashville's Cleveland Park

* Lodge2A, a members-only club with shooting simulations, reveals renderings. The 16,000-square-foot facility will have eight simulated shooting bays and social spaces. Lodge2A will open an experience center on Nov. 13 for prospective members. [NBJ]

* Detroit-based steakhouse Prime + Proper will bring the state’s largest restaurant dry-aging room to Nashville Yards.

* Tuscan steakhouse Bacco, inspired by the Roman god of wine and revelry, Bacchus, will check-in to the Four Seasons in spring 2026.

* Christie Cookie Co. will open new retail location at Nashville Yards. Company closed its last Nashville store in April. YAY!

*Fido cafe in Nashville will close on June 1, 2028.😢

* Eleven11 is a Vietnamese-inspired bar, discotheque and eleven-seat restaurant located in the renovated Piggy Wiggly at 913 Dickerson Pike.

NATIONAL:

* California is taking a lead in regulating the A.I. industry, that till now has remained pretty open to doing exactly as they please..... One law requires that chatbots disclose they are AI and tell minors to take breaks every 3 hours. Another requires that device makers, like Apple and Google, implement tools to verify user ages. California isn’t the first jurisdiction to pass laws like these, but these laws carry significance due to the size of California’s population and the fact that many tech companies are based in the San Francisco Bay Area. Utah and Texas have also signed laws implementing AI safeguards for minors. (CNBC)

* Roughly 40,000 acres of powered land, almost 2 billion square feet, are needed to support current projections for data center growth over the next 5 years....the big challenge for developers of this and ALL classifications of construction is.....adequate infrastructure, specifically power! The demands on the construction industry - including labor and material costs and supplies for the next decade - is quite staggering. (CNBC)

* Developer Related Companies - known for high-end residential real estate development - will build a $7 billion-plus data-center campus on farmland outside Detroit, one of the largest deals yet for this burgeoning real estate class that powers AI.  About 13 miles from Ann Arbor and the University of Michigan campus, it's designed to deliver more than one gigawatt of computing capacity, roughly equivalent to the electricity needed to power more than 750,000 homes. Global data-center investment surpassed $60 billion in 2024.

* Confidence among US homebuilders rose this month by the most since early 2024, boosted by lower mortgage rates. An index of market conditions increased 5 points in October to 37, the highest since April, with components of the index all rising. Builders have been slowing their pace of construction and trying to lure buyers with a mix of price cuts and sales incentives, with 38% of builders reported cutting prices in October. (BLOOMBERG)

* The real estate industry makes up anywhere from 14 -18% of the US’s GDP. A coming boom could have an enormous impact on the U.S. economy. Sellers, builders, contractors, lawyers, accountants, brokers, insurers, retailers and countless other small- and mid-sized businesses that are both directly and indirectly connected to this industry will benefit. For this to happen mortgage rates will have to fall below 5.5%: almost two-thirds of mortgage holders have rates between 3 - 6%. (THE HILL)

* The Federal Reserve slashed rates by a quarter point to a range of 3.75% to 4.00%—their lowest level in three years.

* Hurricane Melissa left at least dozens of people dead as it traveled across Cuba, Haiti, and Jamaica causing destruction.

* October left a trail of joblessness in its wake. Companies said they laid off 153,074 employees last month, the most since 2003, according to a report the consulting firm Challenger, Gray and Christmas. That’s nearly triple the number of jobs cut in September, and it puts the total for the year through October at almost 1.1 million jobs lost—44% more than in all of 2024

* Florida-based Magnifica Air is aiming to launch scheduled flights between key U.S. destinations in 2027 (New York, Houston, Dallas, Los Angeles, etc) using Airbus planes that will be a unique hybrid experience — a cross between first-class commercial travel and a private jet experience

If you're in the market or know someone who would benefit from an informal conversation with me, please click here and we'll schedule some time together.

REMEMBER,

I have established relationships nationwide, likely in in your local markets, with agent colleagues of mine. Utilize the trust I've established with these high performing men & women to foster smooth dealings on your next transaction.

See the map below for our broad reaching locations. Thank you!

Shane McCarty

Affiliate Broker

M: 209.601.1957

O: 615.475.5616

shane.mccarty@compass.com