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September Market Report

MEMPHIS, Tenn., Oct. 7, 2016 – Memphis-area home sales for September increased 11.4 percent from a year ago, with 1,616 total sales recorded in...

Rutledge Statement Following Oral Arguments Challenging EPA’s Power Plan

Arkansas Attorney General Leslie Rutledge released a statement today after the conclusion of oral arguments in West Virginia v. EPA, the court challenge to the Environmental Protection Agency’s Clean Power Plan

Perrey Elected NCSHA Vice President

Executive directors from all 50 state housing agencies have cast their votes, and Tennessee’s Ralph M. Perrey has been elected vice president of their national organization. The National Council of State Housing Agencies (NCSHA) is hosting its annual conference in Miami this week. Elections for the organization’s five-member executive committee were held Sunday, Sept. 25. Perrey, who leads the Tennessee Housing Development Agency (THDA), previously served two terms as secretary/treasurer of the organization

Real Estate Investor Charged in 14-Count Indictment Alleging Bank and Mail Fraud, Money Laundering

A real estate investor has been charged in a 14-count indictment that alleges he defrauded three banks and a mortgage lending business. Edward L. Stanton III, U.S. Attorney for the Western District of Tennessee, announced the indictment today

MAAR Members Elect Board of Directors for 2017-2018

At the Memphis Area Association of REALTORS® Annual Meeting and Election September 8, MAAR members elected six individuals to the 2017-2018 Board of Directors.

IMPROVED OVERSIGHT OF FEDERALLY SUBSIDIZED HOUSING PROPERTIES NEEDED

During a hearing today on oversight of the U.S. Department of Housing and Urban Development (HUD) inspection process, U.S. Senator Bob Corker (R-Tenn.), a member of the Senate Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development, expressed the need for improved oversight of federally subsidized housing properties and thanked Senators Marco Rubio (R-Fla.) and Bill Nelson (D-Fla.) for highlighting the problem of neglectful landlords at HUD-subsidized facilities, including some owned by the Cordova, Tennessee-based Global Ministries Foundation (GMF).

THDA Launches Interactive Map of Affordable Rental Housing

Tennessee Housing Development Agency has launched a new interactive map with details on every active or under-construction apartment community in the state built or rehabbed with the assistance of federal tax credits.

Intunity Secures THDA Grant to Assist Adults with Special Needs

The Tennessee Housing Development Agency has announced a $287,500 grant to help Intunity, formerly known as the Housing Foundation of West Tennessee (HFWT), acquire and renovate eight homes in Madison County for the needs of individuals with intellectual and developmental disabilities

TNECD Announces Five Counties Chosen to Participate in Select Tennessee Property Evaluation Program Fall...

Counties chosen for industrial inventory assessment program  NASHVILLE — The Tennessee Department of Economic and Community Development announced today the five counties chosen to participate in the fall round of the Select Tennessee Property Evaluation Program (PEP)

August Market Report

Memphis-area home sales for August increased 12.6 percent from a year ago, with 1,738 total sales recorded in the Memphis Area Association of REALTORS®MAARdata property records database. Sales were up 7.2 percent from July, when there were 1,621 total sales. Average sales price from August-to-August was up 6.0 percent, at $175,423. Inventory decreased 1.2 percent, with 5,666 units listed for sale. YTD sales volume increased by 10.8 percent, at $1.95 billion.

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MERCY LOAN FUND PARTNERS WITH NATIONAL CHURCH RESIDENCES TO PRESERVE MUCH-NEEDED...

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.

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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

MAAR

June Market Report