Yearly Archives: 2014

April Market Report

Memphis-area home sales for April declined 7.6 percent from a year ago, with 1,297 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales increased 8.4 percent from March, when there were 1,197 total sales. Average sales price year-over-year increased 7.3 percent to $146,070. Inventory increased 2.8 percent, with 6,088 units listed for sale. YTD sales volume increased 3.9 percent to $645.3 million

Cohen, McDermott Introduce Bill to Help Struggling Families Keep Their Homes

Congressmen Steve Cohen (TN-09) and Jim McDermott (WA-07) today introduced the Limiting Investor and Homeowner Loss in Foreclosure Act of 2014 to prevent foreclosures and help struggling families keep their homes. The newly-introduced legislation would encourage debtors and secured lenders to come together to discuss and secure mutually beneficial resolutions of their mortgage difficulties.

Community Development Week April 21-27 Highlights ’40 Years of Building Strong Communities’

The City of Knoxville will mark National Community Development Week April 21-27 with a series of events showcasing projects of the City's Department of Community Development and its nonprofit partners across Knoxville.

Cohen Announces More Than $4.3 Million in Funding to Help End Homelessness in Memphi

Congressman Steve Cohen (TN-09) today announced that $4,368,290 in federal funds has been awarded to the City of Memphis and 13 local non-profit organizations to help end homelessness in the Ninth District. This funding comes through the U.S. Department of Housing and Urban Development’s (HUD) Continuum of Care program, which is designed to promote communitywide commitment to the goal of ending homelessness

Corker Looks Forward to Successful Markup of Housing Finance Reform Legislation

U.S. Senator Bob Corker (R-Tenn.), a member of the Senate Banking Committee, issued the following statement today after Chairman Tim Johnson (D-S.D.) and Ranking Member Mike Crapo (R-Idaho) announced the committee will markup the Housing Finance Reform and Taxpayer Protection Act (S.1217), a bipartisan bill introduced last year by Corker and Senator Mark Warner (D-Va.) and cosponsored by a bipartisan group of 10 senators, on Tuesday, April 29, 2014 at 10:00 A.M

Cohen Highlights Decreased Homelessness Rates in Memphis

Congressman Steve Cohen (TN-09) today highlighted the progress made combatting homelessness in the Memphis area, which has now declined for each of the last two years. The Congressman made his remarks at a news conference with Mayor A C Wharton, Community Alliance for the Homeless Executive Director Katie Kitchin and several other local officials. Congressman Cohen announced more than $150,000 in federal funding for the Alliance last year.

Ahrens Hired as Director of Building Inspections

A 38-year-old Virginia Tech graduate who's worked as a building inspector and building official in Virginia and Pennsylvania and who ran his own commercial construction company has been hired as the City of Knoxville's Director of Building Inspections.

Building Services Employees Honored for Going Above and Beyond Their Assigned Duties

Knoxville Mayor Madeline Rogero and Police Chief David Rausch today named building services employees Michael Mathes and Chris Roberts the Civilian Employees of the Month for October. Mathes has been with the Knoxville Police Department since December 2012 while Roberts has been with KPD since July 2013.

January Market Report

Memphis-area home sales for January were down 14.9 percent from a year ago, with 1,083 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were flat from December, when there were 1,088 total sales. Average sales price year-over-year increased 10.9 percent to $139,721. Inventory was down 5.5 percent with 5,849 units listed for sale. January sales volume decreased 5.6 percent to $151.3 million from 2013

Mayor: McClung Building to be Razed for Public Safety

Mayor Madeline Rogero told City Council members tonight that the remaining McClung Warehouse building on Jackson Avenue will need to be demolished for public safety reasons.



Mercy Loan Fund (MLF), a leading Community Development Financial Institution (CDFI) based in Denver, Colo., has announced it has partnered with National Church Residences (NCR) to help preserve 55 affordable homes for seniors at Hickory Hollow Senior Apartments in Memphis, Tenn.


Announcement of Maximum Effective Rate of Interest on Home Loans

The Federal National Mortgage Association has discontinued its free market auction system for commitments to purchase conventional home mortgages. Therefore, the Commissioner of Financial Institutions hereby announces that the maximum effective rate of interest

October Market Report


June Market Report