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WASHINGTON, D.C. - February 14, 2013 - (RealEstateRama) -- The following is Mayor Madeline Rogero's statement on legislation proposed by State Sen. Stacey Campfield requiring the sale of state property at the former Lakeshore Mental Health Institute. (The bill can be read at http://www.capitol.tn.gov/Bills/108/Bill/SB1243.pdf.)

MEMPHIS, TN - February 11, 2013 - (RealEstateRama) -- Memphis-area home sales for January increased 46.1 percent from a year ago, with 1,259 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Total sales rose 8.9 percent from December. Average sales price was up 7.3 percent at $123,696. Inventory declined 6.3 percent, with 6,070 units listed for sale. Sales volume for the month year-over-year increased 56.6 percent to $155.7 million

WASHINGTON, D.C. - February 5, 2013 - (RealEstateRama) -- A public meeting on State Street Garage construction will be held on Thursday, Feb. 7 at 5 p.m. in the East Tennessee History Center located at 601 S. Gay St.

WASHINGTON, DC - January 31, 2013 - (RealEstateRama) -- U.S. Senator Bob Corker, R-Tenn., a member of the Senate Banking, Housing and Urban Affairs Committee, said today he is pleased the Federal Housing Administration is following through on steps Corker requested to get FHA back to solvency

Memphis, TN - January 28, 2013 - (RealEstateRama) -- Real estate leaders will offer their reviews and insights for the Memphis-area commercial market at the 10th annual Commercial Property Forecast Summit. Event activities begin at 8 a.m. on Thursday, Feb. 7, at the Germantown Performing Arts Centre. The program is presented by the Memphis Area Association of REALTORS® (MAAR) Commercial Council.

WASHINGTON, DC - January 22, 2012 - (RealEstateRama) -- In a letter today, U.S. Senator Bob Corker, R-Tenn., a member of the Senate Banking, Housing and Urban Affairs Committee, urged federal banking regulators to simplify and synchronize underwriting standards for new mortgage lending rules to avoid permanently regulating the private sector out of the housing finance business. The qualified residential mortgage (“QRM”) being implemented under the Dodd-Frank Act currently exempts loans sold to Fannie Mae, Freddie Mac, and the Federal Housing Administration

WASHINGTON, D.C. - December 13, 2012 - (RealEstateRama) -- The Homeownership Preservation Foundation (HPF), an independent national nonprofit dedicated to helping distressed homeowners navigate financial challenges and avoid mortgage foreclosure through its Homeowner’s HOPE™ Hotline, and Tennessee Attorney General Bob Cooper announced today that they have partnered on a statewide hotline to facilitate distressed homeowners’ access to available mortgage relief programs.

MEMPHIS, TN - December 12, 2012 - (RealEstateRama) -- Memphis-area home sales for November increased 8.5 percent from a year ago, with 1,180 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Total sales decreased 13.9 percent from October. Average sales price year-over-year was up 6.2 percent at $128,339. Inventory declined 4.4 percent, with 6,805 units listed for sale. Sales volume YTD increased 19.3 percent to $1.79 billion.

WASHINGTON, DC - November 16, 2012 - (RealEstateRama) -- U.S. Senator Bob Corker, R-Tenn., today made the following statement regarding reports that the Federal Housing Administration has exhausted its reserves and may draw on taxpayer resources.

MEMPHIS, TN - October 9, 2012 - (RealEstateRama) -- Several members of the Memphis Area Association of REALTORS® received recognition at the recent Tennessee Association of REALTORS® 93rd annual convention in Kingsport, Tenn.