A little over a week after real estate agents and brokers in the Chicagoland area saw their listings disappear from Zillow after Midwest Real Estate Data (MRED) suspended its data feed to the listing portal giant, real estate professionals in Tennessee are preparing for the same possibility. In an email sent to broker members on […]
Tennessee brokers brace for Zillow listing cutoff amid Realtracs dispute Read More »
Realty of America has expanded into Tennessee with the launch of its first office in the state, marking another step in the company’s national growth strategy. The new operation will be led by veteran broker Kyle Felts and will initially serve the middle Tennessee region, with plans to expand further statewide. The Tennessee launch comes
Realty of America expands into Tennessee Read More »
Realtracs, Tennessee’s largest multiple listing service, is expanding beyond its regional base with new national brokerage participation that will bring listings from Compass International Holdings, the parent company of Compass, the six Anywhere Real Estate brands and @properties Christie’s International Real Estate, and United Real Estate onto its platform. The Nashville-based MLS said in an
Realtracs adds United, Compass International Holdings’ listings Read More »
Proprietary reverse mortgages have gained a lot of traction over the past year and now account for more industry volume than federally insured Home Equity Conversion Mortgages (HECMs). With the help of loan officers Nathan Guerrero and Jackson Matheson, Tennessee will soon join the list of states to allow private-label reverse mortgages. Guerrero, a reverse
How two LOs helped champion proprietary reverse mortgage legislation in Tennessee Read More »
Property taxes can feel like a minor nuisance in some states and a crushing expense in others — a reality detailed in a new WalletHub analysis. The average U.S. household pays $3,119 per year in property taxes, according to U.S. Census Bureau data cited in the report. Even renters are affected. Roughly 35% of households
Property tax burdens vary widely as states debate senior relief Read More »
Data and analytics firm Verisk said that insured losses to property and automobiles from Winter Storm Fern could reach $4 billion, according to an initial analysis released by the company on Tuesday. Another estimate from Karen Clark & Co. (KCC) is even higher. KCC reported that privately insured losses from Winter Storm Fern are estimated
Estimates for insured losses from Winter Storm Fern top $4 billion Read More »
Key insight: Pinnacle took a little over five months to close its merger with Synovus. The combined bank, which is focused on the Southeast, has $117 billion of assets. Why it matters: The transaction is the latest test case for mergers of equals, which have lost favor with investors because some such deals have underformed.
Pinnacle emerges as $117B bank after completing Synovus deal Read More »
Pathway Lending, a Nashville-based Community Development Financial Institution (CDFI), announced on Thursday the launch of the Pathway Housing Fund with $30 million in committed capital to acquire and preserve Naturally Occurring Affordable Housing (NOAH) in Tennessee communities at risk of gentrification. “Over the past two decades, Tennessee’s housing crisis has grown more personal for thousands
Pathway Lending launches $30M housing fund Read More »
Forward look: Home BancShares CEO John Allison said Mountain Commerce Bank will serve as a platform for future Tennessee expansion. Supporting data: Allison ranked Tennessee as one of the most attractive markets in the country along with Texas and Florida, where Home already has a presence. Expert quote: “Given the current regulatory environment, we would
Home ends dry spell with $150M deal for Tennessee bank Read More »
Nashville’s housing market recorded 7,277 active listings during the week ending Nov. 29, with 39.1% of sellers reducing prices as the metro’s inventory climbed to a 3.4-month supply. The median list price held at $594,900 while price per square foot reached $260.8. The Music City market absorbed 663 homes during the week against 354 new
Nashville housing market balances as inventory and price cuts rise Read More »