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TN Housing Market Report: April 2021

A trend of tight inventory, rising prices, and increased sales across Tennessee continued in April 2021 compared with the same month in 2020, according to data compiled by Tennessee REALTORS® via REALTORS® Property Resource (RPR). Active listings (inventory) of single-family homes* dropped -56.5% to 29,973, the median sale price rose +14.4% to $284,900, total sales volume leapt

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Legislative Update — May 3, 2021

Update/Memo Please see attached a comprehensive bill report and legislative calendar for the coming week below. The General Assembly has completed its constitutional requirement in passing the Fiscal Year 2021-22 Budget. The $42.6 billion budget includes pay raises for K-12 teachers and state employees, $250 million into a new mental-health trust fund, $100 million

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Legislative Update — April 26, 2021

Update/Memo Please see attached a comprehensive bill report and legislative calendar for next week below. Both Chambers are set to take up the budget this week, which is their only constitutional requirement. Upon passage of the budget, the General Assembly will then consider any bills that have been placed behind the budget before adjourning

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TREC Advertising Rule Update

TREC Rule Update: Authorization to Advertise The Tennessee Real Estate Commission (TREC) proposed a rule change last fall. Tennessee REALTORS® voted to support. The rule recently received a positive recommendation from the Joint Government Operations Committee and will take effect April 22. Advertising listings of another licensee; required permission: Currently, TREC rules require written authorization from the property owner when a licensee

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