Real Estate Investor Charged in 14-Count Indictment Alleging Bank and Mail Fraud, Money Laundering

A real estate investor has been charged in a 14-count indictment that alleges he defrauded three banks and a mortgage lending business. Edward L. Stanton III, U.S. Attorney for the Western District of Tennessee, announced the indictment today

MAAR Members Elect Board of Directors for 2017-2018

At the Memphis Area Association of REALTORS® Annual Meeting and Election September 8, MAAR members elected six individuals to the 2017-2018 Board of Directors.

IMPROVED OVERSIGHT OF FEDERALLY SUBSIDIZED HOUSING PROPERTIES NEEDED

During a hearing today on oversight of the U.S. Department of Housing and Urban Development (HUD) inspection process, U.S. Senator Bob Corker (R-Tenn.), a member of the Senate Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development, expressed the need for improved oversight of federally subsidized housing properties and thanked Senators Marco Rubio (R-Fla.) and Bill Nelson (D-Fla.) for highlighting the problem of neglectful landlords at HUD-subsidized facilities, including some owned by the Cordova, Tennessee-based Global Ministries Foundation (GMF).

JLL Selected by Schneider Electric to Design and Manage interior office project in Franklin,...

JLL has been hired by Schneider Electric, the global specialist in energy management and automation, to provide project management services for its new office space located at Two Franklin Park, 6700 Tower Circle, just outside Nashville

THDA Launches Interactive Map of Affordable Rental Housing

Tennessee Housing Development Agency has launched a new interactive map with details on every active or under-construction apartment community in the state built or rehabbed with the assistance of federal tax credits.

Intunity Secures THDA Grant to Assist Adults with Special Needs

The Tennessee Housing Development Agency has announced a $287,500 grant to help Intunity, formerly known as the Housing Foundation of West Tennessee (HFWT), acquire and renovate eight homes in Madison County for the needs of individuals with intellectual and developmental disabilities

TNECD Announces Five Counties Chosen to Participate in Select Tennessee Property Evaluation Program Fall...

Counties chosen for industrial inventory assessment program  NASHVILLE — The Tennessee Department of Economic and Community Development announced today the five counties chosen to participate in the fall round of the Select Tennessee Property Evaluation Program (PEP)

August Market Report

Memphis-area home sales for August increased 12.6 percent from a year ago, with 1,738 total sales recorded in the Memphis Area Association of REALTORS®MAARdata property records database. Sales were up 7.2 percent from July, when there were 1,621 total sales. Average sales price from August-to-August was up 6.0 percent, at $175,423. Inventory decreased 1.2 percent, with 5,666 units listed for sale. YTD sales volume increased by 10.8 percent, at $1.95 billion.

Foreclosure Odds Drop 42% with THDA Homebuyer Ed

A first-of-its-kind study uses THDA home loan data to identify the impact of homebuyer education classes on default and foreclosure rates. The new study shows the odds of foreclosure were 42 percent lower among participants in THDA’s down payment assistance program who completed a homebuyer education (HBE) class compared to participants who did not.

President and Mrs. Carter spend one week building homes with Habitat for Humanity in...

Former U.S. President Jimmy Carter and former first lady Rosalynn Carter today kicked off a week of working alongside Habitat for Humanity homeowners and hundreds of volunteers in Memphis, Tennessee, to build and repair homes during Habitat’s 33rd Jimmy & Rosalynn Carter Work Project.

Popular

MERCY LOAN FUND PARTNERS WITH NATIONAL CHURCH RESIDENCES TO PRESERVE MUCH-NEEDED...

Mercy Loan Fund (MLF), a leading Community Development Financial Institution (CDFI) based in Denver, Colo., has announced it has partnered with National Church Residences (NCR) to help preserve 55 affordable homes for seniors at Hickory Hollow Senior Apartments in Memphis, Tenn.

Recent

August Market Report

Memphis-area home sales for August increased 10.3 percent from a year ago, with 1,942 total sales recorded in the Memphis Area Association of REALTORS®MAARdata property records database. Sales were up 11.2 percent from July when there were 1,747 total sales. Average sales price from August-to-August was up 4.4 percent, at $183,175. Inventory decreased 2.1 percent, with 4,713 units listed for sale. Year-to-Date sales volume was up 13.7 percent at $2.24 billion.