Tennessee RealEstateRama

WASHINGTON, DC - January 31, 2013 - (RealEstateRama) -- U.S. Senator Bob Corker, R-Tenn., a member of the Senate Banking, Housing and Urban Affairs Committee, said today he is pleased the Federal Housing Administration is following through on steps Corker requested to get FHA back to solvency

Memphis, TN - January 28, 2013 - (RealEstateRama) -- Real estate leaders will offer their reviews and insights for the Memphis-area commercial market at the 10th annual Commercial Property Forecast Summit. Event activities begin at 8 a.m. on Thursday, Feb. 7, at the Germantown Performing Arts Centre. The program is presented by the Memphis Area Association of REALTORS® (MAAR) Commercial Council.

WASHINGTON, DC - January 22, 2012 - (RealEstateRama) -- In a letter today, U.S. Senator Bob Corker, R-Tenn., a member of the Senate Banking, Housing and Urban Affairs Committee, urged federal banking regulators to simplify and synchronize underwriting standards for new mortgage lending rules to avoid permanently regulating the private sector out of the housing finance business. The qualified residential mortgage (“QRM”) being implemented under the Dodd-Frank Act currently exempts loans sold to Fannie Mae, Freddie Mac, and the Federal Housing Administration

WASHINGTON, D.C. - December 13, 2012 - (RealEstateRama) -- The Homeownership Preservation Foundation (HPF), an independent national nonprofit dedicated to helping distressed homeowners navigate financial challenges and avoid mortgage foreclosure through its Homeowner’s HOPE™ Hotline, and Tennessee Attorney General Bob Cooper announced today that they have partnered on a statewide hotline to facilitate distressed homeowners’ access to available mortgage relief programs.

MEMPHIS, TN - December 12, 2012 - (RealEstateRama) -- Memphis-area home sales for November increased 8.5 percent from a year ago, with 1,180 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Total sales decreased 13.9 percent from October. Average sales price year-over-year was up 6.2 percent at $128,339. Inventory declined 4.4 percent, with 6,805 units listed for sale. Sales volume YTD increased 19.3 percent to $1.79 billion.

WASHINGTON, DC - November 16, 2012 - (RealEstateRama) -- U.S. Senator Bob Corker, R-Tenn., today made the following statement regarding reports that the Federal Housing Administration has exhausted its reserves and may draw on taxpayer resources.

MEMPHIS, TN - October 9, 2012 - (RealEstateRama) -- Several members of the Memphis Area Association of REALTORS® received recognition at the recent Tennessee Association of REALTORS® 93rd annual convention in Kingsport, Tenn.

MEMPHIS, TN - October 8, 2012 - (RealEstateRama) -- Memphis-area home sales for September rose 17.1 percent from a year ago, with 1,287 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Total sales decreased 15 percent from August. Average sales price year-over-year was up 1.6 percent at $128,971. Inventory declined 2.1 percent, with 7,392 units listed for sale. Sales volume YTD increased 17.6 percent to $1.46 billion

WASHINGTON, DC - September 20, 2012 - (RealEstateRama) -- U.S. Senator Bob Corker, R-Tenn., a member of the Senate Banking Committee, today sent a letter to Federal Reserve Governor Daniel Tarullo, head of Bank Supervision and member of the Federal Open Market Committee who voted last week for the Fed’s latest effort to stimulate the economy (known as quantitative easing or “QE3”), arguing activism at the Federal Reserve and flawed mortgage rules being written in accordance with the Dodd-Frank Act are counterproductive. Corker said a more thoughtful approach would be to fix the regulations instead of ballooning the Fed’s balance sheet and risking future inflation

MEMPHIS, TN - September 10, 2012 - (RealEstateRama) -- Memphis-area home sales for August jumped 14.2 percent from a year ago, with 1,514 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Total sales increased 9.3 percent from July. Average sales price year-over-year was up 1.5 percent at $128,472. Inventory declined 1.2 percent, with 7,522 units listed for sale. Sales volume YTD increased 18.2 percent to $1.3 billion.