Monday, July 03, 2017 05:35 PM

REAL ESTATE BOOM IN NASHVILLE LEAVES HIGH DEMAND FOR AFFORDABLE HOUSING - WKRN.COM

NASHVILLE, Tenn. (WKRN) The growth in Nashville affects almost all of ussome in a positive way, but for others its quite the opposite.

Organizations like Habitat for Humanity are struggling to keep up with the demand for affordable housing.

If you already own a home in Nashville, the rest estate boom is good news. The value of your home is probably going way up.

But thats not the case for everyone, especially those who are trying to buy their first home.

It is kind of a bad side. People are being left behind, said Danny Herron, President and CEO of Habitat for Humanity in Nashville.

Thats the challenge the organization is facing right now: too many people need affording housing, and theres just not enough to go around.

Their payments are going up, property taxes are going up, and their income is not going up to the same level, explained Herron.

Danny Herron, President and CEO of Habitat for Humanity in Nashville (Photo: WKRN)

And theres no relief in sight.

Greater Nashville real estate numberswe have 1.2 months of inventory in housing. Usually in a market, a year to 18 months is normal. Nashville is 1.2 months of inventory. We basically have almost every house filled, Herron ...

News source: GOOGLE NEWS Nashville

See also: Steven Enrich