Tennessee RealEstateRama

The Federal National Mortgage Association has discontinued its free market auction system for commitments to purchase conventional home mortgages. Therefore, the Commissioner of Financial Institutions hereby announces that the maximum effective rate of interest

Memphis-area home sales for December decreased 1.0 percent from a year ago, with 1,433 total sales recorded in the Memphis Area Association of REALTORS®MAARdata property records database. ales were down 5.7 percent from November, when there were 1,519 total sales.

Tennessee Department of Economic and Community Development Commissioner Bob Rolfe and Cabinets To Go officials announced today that the Lawrenceburg-based company will expand its operations in Lawrence County. Cabinets To Go plans to invest $6.5 million and create nearly 70 new jobs in Lawrenceburg.

Starting November 1, families buying homes in seven additional ZIP Codes across Tennessee can apply for $15,000 in financial assistance from the Tennessee Housing Development Agency. With these additions, there will be 61 designated ZIP Codes for THDA’s HHF Down Payment Assistance program, stretching from Memphis to Kingsport.

The Tennessee Department of Mental Health and Substance Abuse Services (TDMHSAS) has announced the recipients of the Pre-Arrest Diversion Infrastructure Grants. “The research indicates people with mental illnesses tend to stay in jail longer and when released, face a higher recidivism rate,” said TDMHSAS Commissioner Marie Williams.

Memphis-area home sales for July increased 4.5 percent from a year ago, with 1,747 total sales recorded in the Memphis Area Association of REALTORS^®MAARdata property records database. Sales were down 7.4 percent from June when there were 1,887 total sales. Average sales price from July-to-July was down 0.7 percent, at $180,432. Inventory increased 0.8 percent, with 4,815 units listed for sale. Year-to-Date sales volume was up 12.7 percent at $1.86 billion.

Memphis-area home sales for June increased 4.2 percent from a year ago, with 1,887 total sales recorded in the Memphis Area Association of REALTORS®MAARdata property records database. Sales were up 6.1 percent from May when there were 1,779 total sales. Average sales price from June-to-June was up 1.6 percent, at $186,626. Inventory increased 1.7 percent, with 4,777 units listed for sale. Year-to-Date sales volume was up 13.3 percent at $1.53 billion.

Today the U.S. Environmental Protection Agency (EPA) recognizes the efforts of the Department of Energy’s East Tennessee Technology Park in Oak Ridge, TN for taking steps to improve efficiency, save resources and reduce costs as part of the Federal Green Challenge (FGC).

U.S. Sen. Lamar Alexander (R-Tenn.) says the Army Corps of Engineers Work Plan for Fiscal Year 2017 includes good news for all of East Tennessee – and everyone who benefits from river traffic passing through the Chickamauga Lock in Chattanoog

Tennessee Department of Environment and Conservation Commissioner Bob Martineau announced today the City of Cleveland as the latest participant in the Tennessee Qualifying Local Program (QLP). The program aims to eliminate the duplicative efforts at the state and local level in the stormwater permitting process