MEMPHIS, Tenn., – May 12, 2014 – (RealEstateRama) — Memphis-area home sales for April declined 7.6 percent from a year ago, with 1,297 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales increased 8.4 percent from March, when there were 1,197 total sales. Average sales price year-over-year increased 7.3 percent to $146,070. Inventory increased 2.8 percent, with 6,088 units listed for sale. YTD sales volume increased 3.9 percent to $645.3 million. more »
Tennessee State Government and Public Real Estate News
WASHINGTON, D.C. – May 8, 2014 – (RealEstateRama) — Congressmen Steve Cohen (TN-09) and Jim McDermott (WA-07) today introduced the Limiting Investor and Homeowner Loss in Foreclosure Act of 2014 to prevent foreclosures and help struggling families keep their homes. The newly-introduced legislation would encourage debtors and secured lenders to come together to discuss and secure mutually beneficial resolutions of their mortgage difficulties. more »
WASHINGTON, D.C. – April 18, 2014 – (RealEstateRama) — The City of Knoxville will mark National Community Development Week April 21-27 with a series of events showcasing projects of the City’s Department of Community Development and its nonprofit partners across Knoxville.
The theme this year is “40 Years of Building Strong Communities,” in recognition of the creation in 1974 of federal Community Development Block Grants. The CDBG program was created by Congress under President Gerald Ford through the U.S. Department of Housing and Urban Development. more »
MEMPHIS, TN – April 15, 2014 – (RealEstateRama) — Congressman Steve Cohen (TN-09) today announced that $4,368,290 in federal funds has been awarded to the City of Memphis and 13 local non-profit organizations to help end homelessness in the Ninth District. This funding comes through the U.S. Department of Housing and Urban Development’s (HUD) Continuum of Care program, which is designed to promote communitywide commitment to the goal of ending homelessness. more »
WASHINGTON, D.C. – March 31, 2014 – (RealEstateRama) — U.S. Senator Bob Corker (R-Tenn.), a member of the Senate Banking Committee, issued the following statement today after Chairman Tim Johnson (D-S.D.) and Ranking Member Mike Crapo (R-Idaho) announced the committee will markup the Housing Finance Reform and Taxpayer Protection Act (S.1217), a bipartisan bill introduced last year by Corker and Senator Mark Warner (D-Va.) and cosponsored by a bipartisan group of 10 senators, on Tuesday, April 29, 2014 at 10:00 A.M. more »
Memphis-area chronic homelessness has dropped 39% since 2012
MEMPHIS, TN – March 24, 2014 – (RealEstateRama) — Congressman Steve Cohen (TN-09) today highlighted the progress made combatting homelessness in the Memphis area, which has now declined for each of the last two years. The Congressman made his remarks at a news conference with Mayor A C Wharton, Community Alliance for the Homeless Executive Director Katie Kitchin and several other local officials. Congressman Cohen announced more than $150,000 in federal funding for the Alliance last year. more »
WASHINGTON, D.C. – February 20, 2014 – (RealEstateRama) — A 38-year-old Virginia Tech graduate who’s worked as a building inspector and building official in Virginia and Pennsylvania and who ran his own commercial construction company has been hired as the City of Knoxville’s Director of Building Inspections. more »
WASHINGTON, D.C. – February 18, 2014 – (RealEstateRama) — Knoxville Mayor Madeline Rogero and Police Chief David Rausch today named building services employees Michael Mathes and Chris Roberts the Civilian Employees of the Month for October. Mathes has been with the Knoxville Police Department since December 2012 while Roberts has been with KPD since July 2013. more »
MEMPHIS, Tenn., – February 10, 2014 – (RealEstateRama) — Memphis-area home sales for January were down 14.9 percent from a year ago, with 1,083 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were flat from December, when there were 1,088 total sales. Average sales price year-over-year increased 10.9 percent to $139,721. Inventory was down 5.5 percent with 5,849 units listed for sale. January sales volume decreased 5.6 percent to $151.3 million from 2013. more »
WASHINGTON, D.C. – February 4, 2014 – (RealEstateRama) — Mayor Madeline Rogero told City Council members tonight that the remaining McClung Warehouse building on Jackson Avenue will need to be demolished for public safety reasons.
“It’s heartbreaking for all of us to lose these historic structures,” Mayor Rogero said. “But we anticipate that a structural assessment will show that the remaining building is too damaged to safely preserve.” more »