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MAAR’s Commercial Council Earns ACE Award

The Memphis Area Association of REALTORS® Commercial Council has been honored with a 2013 ACE Award, for Accredited Commercial Excellence

KCDC to Hold Second Five Points Master Plan Public Workshop, Gather Feedback on Conceptual...

Knoxville's Community Development Corporation (KCDC) will hold its next public workshop for the Five Points Master Plan process at the Walter P. Taylor Boys and Girls Club, 317 McConnell St., on Thursday, Dec. 5, from 5:30 to 7:30 p.m

Public Meeting Dec. 5 for Community Development Dept. Annual Action Plan

The City of Knoxville's Community Development Department is developing its 2014 Annual Action Plan for use of Community Development Block Grant (CDBG), HOME Investment Partnerships Act, and Emergency Solutions Grant (ESG) funds during the fiscal year that begins July 1, 2014

City Takes Control of McClung Warehouse Property

On Wednesday, Nov. 13th, the City of Knoxville formally assumed control of six properties on West Jackson Avenue, including the historic McClung Warehouses. Under an agreement signed by the bankruptcy trustee for the properties, the City paid $1.45 million to settle an outstanding lawsuit and acquire the land and buildings

October Market Report

MEMPHIS, Tenn., - November 14, 2013 - (RealEstateRama) -- Memphis-area home sales for October were flat from a year ago, with 1,378 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Total sales were up 5.3 percent from September. Average sales price YTD rose 10.7 percent to $143,200. Inventory was down 0.9 percent with 6,615 units listed for sale. Sales volume YTD increased 20.6 percent to $1.99 billion

HUD APPROVES $7.5 MILLION DISASTER RECOVERY PLAN IN TENNESSEE

WASHINGTON, D.C. - November 6, 2013 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today approved a disaster recovery plan totaling nearly $7.5 million to help Shelby County, Tennessee to recover from severe storms, tornadoes, straight line winds, and flooding in May of 2011. These disaster plans will rely on grants provided earlier this year through HUD’s Community Development Block Grant (CDBG) Program.

September Market Report

MEMPHIS, Tenn., - October 8, 2013 - (RealEstateRama) -- Memphis-area home sales for September increased 1.0 percent from a year ago, with 1,309 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Total sales were down 23.1 percent from August. Average sales price YTD rose 10.2 percent to $142,738. Inventory was up 1.2 percent with 6,678 units listed for sale. Sales volume YTD increased 21.1 percent to $1.78 billion.

Home searching made simple in Texas with easy-to-use IDX synced real estate website

EUGENE, OR - October 7, 2013 - (RealEstateRama) -- Monte Davis, of Davis Company Real Estate in Austin, Texas, has adopted the innovative IDX Broker software from IDX, Inc. to create a simplified online property search not available on any other real estate search site. Austin MLS (ACTRIS) listings are seamlessly integrated onto the website Davis supports, giving her clients and countless other home seekers a thorough and complete list of properties to begin their real estate search with. Never before has such a unique tool been so widely accessible, especially in the online real estate world

Cohen Announces $720,000 in Federal Funds for Memphis Housing Authority

WASHINGTON, D.C. - September 30, 2013 - (RealEstateRama) -- Congressman Steve Cohen (TN-09) today announced that the Memphis Housing Authority has been awarded $720,000 in grant funding to coordinate supportive services designed to help residents achieve economic and housing self-sufficiency

City, County Propose Support for South Waterfront Development

WASHINGTON, D.C. - September 27, 2013 - (RealEstateRama) -- A planned $165 million development on the former Baptist Hospital site along Knoxville's South Waterfront is moving forward, and the City of Knoxville and Knox County are proposing a tax-increment financing (TIF) transaction to support it. The proposed TIF would be authorized by an amendment to the existing Knoxville South Waterfront Redevelopment and Urban Renewal Plan, and would cover the property running along both sides of Blount Avenue from the Gay Street Bridge to just west of the Henley Bridge. A public hearing on the TIF proposal has been set for 4 p.m. on Thursday, Oct. 10th, at the KCDC offices at 901 N. Broadway.

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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