According to Zillow: “According to the latest Zillow Real Estate Market Reports, home values in Brentwood decreased 3.50% in the third quarter of 2008, compared to the third quarter of 2007. Nationally, home values decreased 9.7% during this same period.”
Thankfully the Brentwood and Nashville economies have not been hit as hard as the rest of the country. One reason is due to the fact that so much revenue is generated from the Health Care industry and that industry is rather resilient to economic down turns.
In fact: Nashville-based health care companies accounted for $45 billion in revenue in 2007 and 310,000 jobs globally. Wow – no wonder Nashville is doing so well!
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