Tennessee RealEstateRama

NASHVILLE - August 21, 2012 - (RealEstateRama) -- Tennessee Gov. Bill Haslam announced today the U.S. Small Business Administration (SBA) has granted his disaster declaration request for Washington and its surrounding counties after severe storms and flash flooding occurred Aug. 5, 2012.

MEMPHIS, TN - August 7, 2012 - (RealEstateRama) -- Memphis-area home sales for July rose 7.4 percent from a year ago, with 1,385 total sales recorded in the Memphis Area Association of REALTORS^® MAARdata property records database. Total sales increased 8.5 percent from June. Average sales price year-over-year was up 14.1 percent at $147,373. Inventory was up 1.1 percent, with 7,615 units listed for sale. Sales volume YTD increased 20 percent to $1.1 billion.

WASHINGTON, DC - August 1, 2012 - (RealEstateRama) -- U.S. Senator Bob Corker, R-Tenn., a member of the Banking, Housing and Urban Affairs Committee, made the following statement today in response to a decision by Federal Housing Finance Agency Acting Director Ed DeMarco who rejected a proposal by the Obama administration to use taxpayer dollars to reduce principal on mortgages guaranteed by Fannie Mae and Freddie Mac in which borrowers owe more than their homes are worth. FHFA’s analysis found such a policy would encourage underwater borrowers, most of whom are current, to stop making payments so they can benefit from a taxpayer-funded principal reduction. This outcome would put taxpayers at risk and would not reduce the chances of foreclosure for these borrowers

MEMPHIS, Tenn. - July 4, 2012 - (RealEstateRama) -- Memphis-area home sales for June decreased 2.4 percent from a year ago, with 1,277 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Total sales dropped 11.4 percent from May. Average sales price year-over-year was up 9.4 percent at $146,198. Inventory was up 2.2 percent, with 7,529 units listed for sale. Sales volume YTD increased 16.6 percent to $873.1 million

MEMPHIS, TN - June 11, 2012 - (RealEstateRama) -- Memphis-area home sales for May increased 24.8 percent from a year ago, with 1,441 total sales recorded in the Memphis Area Association of REALTORS^® MAARdata property records database. Total sales jumped 23.6 percent from April. Average sales price year-over-year was up 1.0 percent at $124,736. Inventory was up 3.0 percent, with 7,370 units listed for sale. Sales volume YTD increased 19.3 percent to $684.7 million

MEMPHIS, TN - May 28, 2012 - (RealEstateRama) -- The Memphis Area Association of REALTORS® Commercial Council honored the top performers in commercial real estate for 2011 at the 11th Annual Pinnacle Awards gala held April 24 at the University of Memphis Holiday Inn. Coming away with the evening’s highest honors were Commercial Hall of Fame inductee Michael Lightman, of Michael Lightman Realty Co.; Commercial Broker of the Year Blake Pera, of CB Richard Ellis; and Nike, Inc., winner of the Community Impact Award.

MEMPHIS, Tenn., April, 6, 2012 – Memphis-area home sales for March rose 19.8 percent from a year ago, with 1,281 total sales recorded in the Memphis Area Association of REALTORS MAARdata property records database. Total sales jumped 29.1 percent from February. Average sales price year-over-year was down 7.7 percent at $113,156. Inventory was flat, at 6,897 units listed for sale. Sales volume YTD increased 12 percent to $354.3 million.

MEMPHIS, TN - January 24, 2012 - (RealEstateRama) -- Memphis-area home sales for December fell 10 percent from a year ago, with 898 total sales recorded in the Memphis Area Association of REALTORS^® MAARdata property records database. Total sales for all of 2011 dropped 8.4 percent from 2010, with 12,790 recorded sales. Average sales price year-over-year was down 7.1 percent and for all of 2011 was off 2.9 percent at $125,448. Inventory was down 6.2 percent from the previous month, with 7,194 units listed for sale. Sales volume from 2010 to 2011 fell 11.1 percent to $1.6 billion

MEMPHIS, Tenn. - December 16, 2011 - (RealEstateRama) -- The Memphis Area Association of REALTORS® announced the recipients of its 2011 awards at a luncheon held on Wednesday, Dec. 14: Shorty Watkins of Century 21 Maselle & Associates was named 2011 REALTOR® of the Year. Mindy Creech of RE/MAX on Track was named 2011 REALTOR-ASSOCIATE® of the Year. The 2011 Affiliate of the Year honor went to Wendy Thompson of Patriot Bank Mortgage. Raymond Bursi of Bascom Realty received the Community Service Award. There were two recipients of the Outstanding Leadership Award: Isaac Northern, Jr. of Northern, Inc, and Fontaine Taylor of Crye-Leike, Inc., REALTORS®

MEMPHIS, TN - December 8, 2011 - (RealEstateRama) -- Memphis-area home sales for November jumped 28.4 percent from a year ago, with 1,076 total sales recorded in the Memphis Area Association of REALTORS^® MAARdata property records database. Total sales rose 2.1 percent from October, when there were 1,054 sales. Average sales price year-over-year was down 15.2 percent and year-to-date was also down 2.6 percent at $125,504. YTD total sales declined 8.3 percent. Inventory was down 4.7 percent from the previous month, with 7,673 units listed for sale. YTD sales volume fell 10.8 percent to $1.49 billion.