Yearly Archives: 2011

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®

Nashville, TN - December 15, 2011 - (RealEstateRama) -- Cornerstone Commercial Real Estate Services, a Cushman & Wakefield Alliance member, is starting the New Year in a new office. Due to the expansion of the firm, Cornerstone will be moving from their Grassmere location to an office in Maryland Farms.

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.

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.

EUGENE, OR - November 8, 2011 - (RealEstateRama) -- IDX, Inc. is pleased to welcome Broker Lucky Luecke of Red Realty, LCC to the growing network of real estate professionals using the revolutionary IDX Broker software on their websites. Luecke now hosts a dynamic search page, syncing his website with thousands of RealTracs MLS (RTMLS) listings instantly. The innovative search capabilities Luecke now supports on his website have forever changed the way his clients and other Tennessee home seekers search for properties online.

ALISO VIEJO, CA - October 25, 2011 - (RealEstateRama) -- Aliso Viejo, Calif.-based CT/KDF Community Development Partners, a joint venture between CT Realty Investors and KDF Communities, has provided $9.4 million in New Markets Tax Credit (NMTC) financing to develop a new $28.35 million wellness center in Jackson, Tenn. The financing was provided in concert with Wells Fargo Bank, which led a consortium of community development entities including CT/KDF in financing the project.