At a Glance

• The March jobs report added 178,000 positions, well above the 65,000 economists forecast, but the data was collected before the Iran conflict's full economic impact set in
• The unemployment rate edged down to 4.3%; the 10-year Treasury yield settled around 4.31%
• Gas crossed $4 a gallon nationally for the first time since 2022, sitting at $4.09 Friday with diesel at $5.53
• The OECD is projecting inflation at 4.2% for 2026; markets are pricing in a 31% chance of a rate hike by year's end
• The 30-year fixed mortgage rate sits at 6.51%, near a six-month high
• British Airways landed an Airbus A350-1000 at BNA, the largest scheduled passenger aircraft ever to arrive at Nashville International Airport
• BDG Partners has 6 properties under contract and 4 just closed across Middle Tennessee

Nashville Market Snapshot

Markets got a rare piece of good news Friday when the Labor Department reported 178,000 jobs added in March, well above the 65,000 economists had forecast and a meaningful reversal from February's revised loss of 133,000 positions. The unemployment rate edged down to 4.3%, and the report temporarily lifted sentiment across a market that has been searching for footing since the Iran conflict began. Treasury yields ticked up modestly on the news, with the 10-year settling around 4.31%. Major indexes were closed for the Good Friday holiday, so the full market reaction is still ahead.

The optimism, though, comes with an asterisk. The jobs data was collected in the first half of March, which means it almost certainly predates the full economic impact of the war. Most economists are treating the number as a pre-conflict baseline rather than a signal of resilience. The hiring rate in February hit its lowest level since the depths of the pandemic, and the pattern that has defined the labor market for much of the past year, strong job retention but weak new hiring, is still very much intact. Comerica Bank's chief economist said it plainly: the Fed will hold rates steady for at least the next several meetings while it waits for the war's effects to fully surface.

On the energy side, the story has not changed. Gas crossed $4 a gallon nationally for the first time since 2022, sitting at $4.09 Friday with diesel at $5.53. The OECD is now projecting inflation at 4.2% this year, and markets are pricing in a 31% chance of a rate hike by year's end, a striking shift from just a month ago when multiple cuts were still on the table. The 30-year fixed mortgage rate sits at 6.51% today, near a six-month high after briefly dipping below 6% in late February before the conflict sent rates climbing again.

Closer to home, Nashville made a quiet kind of statement this week when British Airways landed an Airbus A350-1000 at BNA, the largest scheduled passenger aircraft to ever arrive at Nashville International Airport. The 350-to-480-seat wide-body is also the most fuel-efficient plane flying commercially today. It is a small but telling signal that Nashville's growth trajectory is attracting the kind of attention that does not pause for geopolitical uncertainty.

Lifestyle Home Spotlight

Because the right property can change how you live.

5425 Franklin Pike, Oak Hill, Nashville TN 37220 | New construction by Urban Development Group on 2.15 private acres | Listed with BDG Partners at Compass

Some homes are designed to impress. Others are designed to disappear into their surroundings and let you breathe.

Tucked behind a private gated entrance in the heart of Oak Hill, this new construction residence by Urban Development Group sits on 2.15 wooded acres just minutes from Nashville's most sought-after corridors. The mature tree canopy and thoughtful siting create a sense of genuine retreat, the kind that is increasingly rare this close to the city.

Inside, the kitchen is built for the way people actually live. A 48-inch professional range, dual dishwashers, a 64-inch commercial refrigerator and freezer, walk-in wine cellar, butler's pantry, and expansive quartz surfaces make the space equally at home for a quiet Tuesday dinner or a full gathering. Wide plank white oak flooring, two gas fireplaces, a glass wall office, and a floating staircase carry that same level of intention through every room.

The primary suite functions as its own wing, with a spa-caliber bath featuring dual rain heads, a freestanding soaking tub, backlit mirrors, and an LED-lit custom closet built to a scale that has to be seen to be appreciated.

Outside, a fully automated infinity-edge pool and spa, rooftop composite decking, expansive paver terraces, and a four-bay garage round out a property that offers both the drama of arrival and the comfort of staying put.

For buyers who want privacy without sacrifice, Oak Hill continues to deliver what very few Nashville neighborhoods can: seclusion at five-minute proximity to everything.

View 5425 Franklin Pike on Compass

Nashville Unplugged: Events With a Vibe

🐣 The Great Spring Art Hop at Cheekwood

Cheekwood's annual Spring Art Hop is back this Friday and Saturday, April 3-4, from 9:00am to 5:00pm. The grounds are taken over with 48 egg hunts across every age group, 36,000 treat-filled eggs, and a scavenger hunt for oversized bunny murals painted by Nashville artists. Add food trucks and live music to the mix and you have a full day outside with good reason to wander. Egg hunts kick off at 9:45am and run every hour through 3:45pm, so there is plenty of flexibility to make it work for your crew.

🌊 Fridays by the River

Fridays by the River kicks off its spring season this Friday, April 3, at Shelby Park near the Riverview Pavilion in East Nashville, Tennessee, from 3:00pm to 8:00pm. It's free, all ages are welcome, and the lineup includes a pop-up beer garden from East Nashville Beer Works, food trucks, yard games, and live music. A portion of beer and food sales benefits the Friends of Shelby Park and Bottoms, so it's a good excuse to grab a drink for a good cause. If you like it, it runs every Friday through May 8.

🥚 Grown Up Egg Hunt at White Limozeen

If the kids-and-chaos version of Easter is not really your thing, White Limozeen has you covered. The Grown Up Egg Hunt hits the rooftop patio on Sunday, April 5, starting at noon, with an adults-only egg hunt, DJ Chase Akers spinning, and drink specials from Bacardi and Patron. Admission is free, so it's an easy yes for a Sunday afternoon.

Team Success

Under Contract

505 Community Ct, Unit 101, Nashville, TN 37209 1 BD | 1 BA | 727 SF | $275,000

1621 B Northview Ave, Nashville, TN 37216 5 BD | 3.1 BA | 3,224 SF | $925,000

1623 A Northview Ave, Nashville, TN 37216 5 BD | 3.1 BA | 3,367 SF | $869,900

411 Acklen Park Dr, Nashville, TN 37205 4 BD | 4.2 BA | 3,743 SF | $1,699,500

304 54th Ave N, Nashville, TN 37209 4 BD | 4.1 BA | 3,863 SF | $1,999,500

1013 Chelsea Dr, Goodlettsville, TN 37072 3 BD | 2 BA | 1,236 SF | $315,000

Just Closed

535 Gladeville Rd, Mount Juliet, TN 37122 2 BD | 1.1 BA | 1,252 SF | $324,000

1402 Pillow St, Unit 302, Nashville, TN 37203 2 BD | 2 BA | 1,026 SF | $474,900

97 Lucile Street, Nashville, TN 37207 4 BD | 3.1 BA | 2,090 SF | $925,000

206 36th Avenue N, Nashville, TN 37209 3 BD | 3 BA | 1,205 SF | $479,900