Good news today for Spring Hill Real Estate Market and employment
As a prior employee of an automobile company and an engineer involved in working with many automotive vendors I can honestly say that I have never been partial to the UAW. I thought that is slowed progress and allowed for automobile prices to escalate in the 90′s, However, now I am reading in The Tennessean today that the UAW union may have just had a big hand in improving the forecast for the Spring Hill Employment and thus the Spring Hill and surrounding cities real estate market. The Spring Hill Assembly plant was closed partially and became an engine assembly plant but the big hit was that about 2000 workers were laid off and many of them have been idle waiting to get back to work. Some of the workers knew that they could not survive on the lay off and there was not enough jobs locally so they relocated to other cities where GM had plants. Those that have waited it out are hopeful that this proposal is agreed upon and that means that next year about 600 people can get back to work in 2012 and another 1100 in 2013 as the plant ramps back to two vehicles being assembled in Spring Hill for GM.
If you are interested or committed to the real estate market and job market in Spring Hill I encourage you to read more of the details of this announcement in The Tennessean and the Nashville Business Journal. The next trigger date is next week when Union Officials vote on this proposal that should put about 6000 workers in this country back to work even though some will sacrifice their future raises and the bulk of thes jobs will be entry level at about $15 an hour.
An average home that these workers can look to buy now in Spring Hill and Thompsons Station.
As a Real Estate Agent in the Williamson County area I have helped several families buy into and sell homes in Spring Hill and Thompson’s Station and I am glad to see that this plant is still being considered fort future development. The increase in stable jobs should help to stabilize that real estate market.
The average Home for Sale in Spring Hill, TN is $249,505 and there are 213 homes for sale in that area right now. The average Sales price over the past 6 months is $228,199. It will be interesting to watch those numbers over the next few months and you can always do that at The Franklin TN Real Estate Blog. To see what the average home sale is visit our website with the premier Williamson County Real Estate Search Engine.
This news will also spark interest in new construction and developers ramping up to meet the need of these new employees. View our site to the listing of the new construction homes for sale in this area. Today the list shows 129 homes, lets see how that grows as this deal is done.
So I never thought I would say that I am on the side of the UAW, but in this case I am for putting workers back to work and I can see how they are working with GM to help do just that.
Earlier I mentioned I was employed at an auto manufacturer. Here is a photo of a few friends of mine and our after hours project car. This is the Pro Rally Team THR (Team Honda Research) that we organized while I was working at Honda Research & Development in Marysville, OH. So if you are interested in Real Estate and also want to talk cars, call The Grumbles Team as I enjoy talking cars more than real estate and it would be a pleasure to talk to you as well as find you a great garage with a home attached.
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The Grumbles Team is our family serving your family with your real estate needs in Franklin, Tennessee 615-587-5843.
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