Monthly Archives: May 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.