Tennessee RealEstateRama

Northbrook, IL - December 2, 2011 - (RealEstateRama) -- The Boulder Group, a net leased investment brokerage firm, has arranged the sale of a single tenant net leased Walgreens property located at 7030 Hacks Cross Road in Olive Branch, MS (Memphis MSA) for $5,175,000.

MEMPHIS, TN - December 2, 2011 - (RealEstateRama) -- Investec Realty Services, a premier Memphis, Tenn. commercial real estate firm, and Sperry Van Ness International, a large and fast-growing franchisor providing training, systems management and marketing support for its network of commercial real estate brokerage firms, today announced Investec Realty Services is now an independently owned and operated franchise of Sperry Van Ness International. The firm will operate as Sperry Van Ness / Investec Realty Services, located at 51 Germantown Ct., Suite 215 in Memphis. This affiliation marks Sperry Van Ness International’s eleventh franchise signing this year.

WASHINGTON, DC - November 17, 2011 - (RealEstateRama) -- U.S. Senator Bob Corker, R-Tenn., a member of the Senate Banking Committee, today called an effort to renew excessive loan limits for mortgages backed by the Federal Housing Administration “unconscionable,” arguing the higher loan limits put taxpayers at risk when Congress should be restoring the private market for housing. A measure being added to an appropriations conference report would raise the FHA’s conforming loan limit to $729,750 after it had fallen to $625,500 in September.

MEMPHIS, TN - November 14, 2011 - (RealEstateRama) -- Memphis-area home sales for October declined 2.9 percent from a year ago, with 1,054 total sales recorded in the Memphis Area Association of REALTORS^® MAARdata property records database. Total sales fell 2.7 percent from September, when there were 1,083 sales. Average sales price year-over-year was down 1.5 percent and year-to-date was also down 1.5 percent at $126,080. YTD total sales declined 10.9 percent. Inventory was down 2.3 percent from the previous month, with 8,053 units listed for sale. YTD sales volume fell 12.3 percent to $1.36 billion.

WASHINGTON, DC - November 14, 2011 - (RealEstateRama) -- U.S. Senator Bob Corker, R-Tenn., a member of the Banking, Housing and Urban Affairs Committee, today introduced the Residential Mortgage Market Privatization and Standardization Act to responsibly unwind government-sponsored enterprises Fannie Mae and Freddie Mac and end dependence on the government for housing finance.

MEMPHIS, TN - July 6, 2011 - (RealEstateRama) -- In its June Board of Directors Meeting, the Memphis Area Association of REALTORS^® voted to give a $7,500 donation to the REALTORS^® Relief Foundation. The action comes in response to a stormy spring in which communities across the Southeast and Midwest were hit by tornadoes, damaging winds and severe flooding

MEMPHIS, TN - July 6, 2011 - (RealEstateRama) -- Memphis-area home sales for June rose 4.5 percent from a year ago, with 1,612 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Existing home sales were up 5.8 percent from 2010. Total sales increased 16.1 percent from May (1,389).

MEMPHIS, TN - June 30, 2011 - (RealEstateRama) -- The Memphis Chapter of the Women’s Council of REALTORS® has been recognized nationally for its outstanding recruitment efforts. The WCR Memphis Chapter won first place in recruitment in the large chapter category by National WCR during the recent National Association of REALTORS® mid-year convention in Washington, D.C.

NASHVILLE, TN - June 22, 2011 - (RealEstateRama) -- Mitigation experts from the Federal Emergency Management Agency are in a Knox County home improvement store this week to answer questions and offer home improvement tips and proven techniques to prevent and lessen damage from future disasters.

Memphis, Tenn. - May 26, 2011 - (RealEstateRama) -- Memphis Area Association of REALTORS® has teamed up with REALTOR® associations across the country for the Nationwide Open House Weekend from Saturday, June 4 through Sunday, June 5.