Planned new music venue could impact Nashville housing market
People may purchase one of many homes for sale in Nashville for a variety of reasons, and one of these could include the city's rich music scene. According to The Tennessean, a popular national music and restaurant venue could be making its way to the city, as concert promoter Live Nation has considered opening a House of Blues franchise location there.
"We're constantly looking at great cities with great music around the country for new venues and Nashville is one of those cities," a spokesman for House of Blues Entertainment told the news source.
The fact that the city is being considered for a House of Blues location is a positive sign. US City Data notes that Nashville's music industry grosses more than a billion dollars in record sales each year, and spinoff industries such as promotional firms and trade publications have been successful thanks to this rich music tradition.
A Nashville House of Blues venue could have a significant impact on the city's culture and economy. People would be able to see a vast selection of bands and musicians, which could attract more people to the city. Additionally, the local economy could see a noticeable boost, and this can often positively impact the housing market.
There are foreclosed homes available in Nashville priced around $130,000, and the value of these properties could rise if more people move to the city. Invest in a home now to receive some of the lowest interest rates possible and watch your property value rise as time goes by.