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 »
A proposal aimed at providing full property tax reimbursements for senior citizens in Tennessee — with the state’s substantial budget surplus cited as justification for the plan — was recently unveiled by a local official. Rob Mitchell, the property assessor for Rutherford County, said the Tennessee Golden Homeowners Tax Relief Program would cover the
Tennessee official floats full property tax reimbursement for seniors 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 »
The sales division of Historic & Distinctive Homes LLC, along with its owner Karen Hoff, will join Coldwell Banker Southern Realty in Nashville. “This is an alignment of two incredible brands that combine deep local market history with the power of the Coldwell Banker Global Luxury network,” said Jason Nagy, executive sales manager for Coldwell
Coldwell Banker affiliate adds sales division of Tennessee agency 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 »
A $7 million settlement agreement with Greystar Management Services was announced by California Attorney General Rob Bonta — part of a coalition of nine state attorneys general pursuing antitrust claims tied to RealPage software. The settlement requires Greystar to stop using software that employs competitively sensitive information to align rents and to cooperate in the
Greystar reaches $7M settlement in rent-setting lawsuit Read More »
The Memphis housing market shifted further into buyer-favorable territory this week, with 45.2% of active listings taking price reductions while homes sat on the market for a median of 84 days. The metro’s 4,455 active single-family listings represent a 17.6% increase from the same period last year, creating the region’s strongest negotiating position for buyers
As other markets tighten, Memphis remains a bargain for buyers Read More »
Mosaik — a real estate client experience platform — has launched three new collaborations aimed at bringing its technology to a wider network of agents, brokerages and associations. The company has joined the Solutions Group preferred vendor program of Leading Real Estate Companies of the World (LeadingRE). It also entered into an exclusive agreement with
Mosaik expands reach with three real estate partnerships Read More »