Tennessee RealEstateRama

WASHINGTON, D.C. - June 26, 2013 - (RealEstateRama) -- U.S. Senators Bob Corker, R-Tenn., Mark Warner, D-Va., Mike Johanns, R-Neb., Jon Tester, D-Mont., Dean Heller, R-Nev., Heidi Heitkamp, D-N.D., Jerry Moran, R-Kan., and Kay Hagan, D-N.C., all members of the Senate Banking, Housing and Urban Affairs Committee, today introduced legislation to strengthen America’s housing finance system by replacing government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac with a privately capitalized system that preserves market liquidity and protects taxpayers from future economic downturns

WASHINGTON, DC - June 25, 2013 - (RealEstateRama) -- U.S. Senators Bob Corker, R-Tenn., Mark Warner, D-Va., Mike Johanns, R-Neb., Jon Tester, D-Mont., Dean Heller, R-Nev., Heidi Heitkamp, D-N.D., Jerry Moran, R-Kan., and Kay Hagan, D-N.C., all members of the Senate Banking, Housing and Urban Affairs Committee, are introducing legislation today to strengthen America’s housing finance system by replacing government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac with a privately capitalized system that preserves market liquidity and protects taxpayers from future economic downturns. The bill is drawing broad support from stakeholders and industry experts

NASHVILLE, TN - June 25, 2013 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) announced last Tuesday they will provide $40 million in additional funding to housing counseling agencies across the country. The HUD grants ensure housing counselors are available to help individuals and families make informed housing decisions through prepurchase and foreclosure counseling.

MEMPHIS, Tenn. - June 10, 2013 - (RealEstateRama) -- Memphis-area home sales for May increased 1.6 percent from a year ago, with 1,473 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Total sales increased 6.3 percent from April. Average sales price year-over-year rose 10.6 percent at $139,779. Inventory was flat with 6,483 units listed for sale. Sales volume YTD increased 18.9 percent to $825.6 million

NASHVILLE, TN - June 4, 2013 - (RealEstateRama) -- Saturday marked the beginning of National Homeownership Month- an annual recognition of the important role housing plays in creating jobs, maintaining viable communities, providing stability for families, and contributing to the economy

MEMPHIS, TN - June 3, 2013 - (RealEstateRama) -- Congressman Steve Cohen (TN-09) announced today that HUD will provide $358,506 in grants to the Memphis VA Medical Center to offer permanent supportive housing to homeless veterans.

MEMPHIS, TN - April 29, 2013 - (RealEstateRama) -- The Memphis Area Association of REALTORS® Commercial Council honored the top performers in commercial real estate for 2012 at the 12th Annual Pinnacle Awards gala held April 25 at the Memphis Country Club. Coming away with the evening’s highest honors were Commercial Hall of Fame inductee Henry W. Morgan, of Boyle Investment Company; Commercial Broker of the Year Andy Cates, of Colliers International Asset Services; and International Paper, winner of the Community Impact Award.

Washington, D.C. - April 29, 2013 - (RealEstateRama) -- Today U.S. Representative Stephen Fincher (R-Frog Jump) introduced the Preserving Access to Manufactured Housing Act – a bipartisan bill to protect the availability of financing for affordable manufactured housing, a critical resource for low and moderate-income families across the United States. Specifically, the bill would amend the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) to change the criteria by which home loans are classified “high-cost” while keeping in place strong consumer protections.

MEMPHIS, TN - April 8, 2013 - (RealEstateRama) -- Memphis-area home sales for March dropped 9.8 percent from a year ago, with 1,164 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Total sales increased 24.6 percent from February. Average sales price year-over-year rose 8.8 percent at $133,240. Inventory was up 2.9 percent, with 6,327 units listed for sale. Sales volume YTD increased 18.1 percent to $422.8 million

NASHVILLE, TN - April 3, 2013 - (RealEstateRama) -- In response to reports of increased income at mortgage finance agency Fannie Mae, U.S. Senator Bob Corker, R-Tenn., a member of the Senate Banking, Housing and Urban Affairs Committee, reiterated his call that these profits not become an excuse for inaction and expressed the need for long-term reform of our housing finance system.