News Releases

Tennesseans on 2018 NAR Committees

Congratulations to these Tennesseans who will serve on National Association of REALTORS® (NAR) committees in 2018! NAME COMMITTEE ROLE SCOTT ABERNATHY Federal Technology Policy Committee  Member: Property Management Representative SUSAN BARNETTE Professional

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Home Sales Dip, Prices Rise, Inventory Still Tight

Sept. ’17: Sales -2.7%, Price +14%, Inv. -23.1% 3rd Quarter ’17: Sales +1.5%, Price +10% Single-family home sales in Tennessee decreased a modest -2.7 percent in September (7,021 closings to 6,834), the median price rose +14 percent ($193,000 to $220,000), and available inventory fell -23.1 percent (27,450 to 21,097) over September 2016, according to

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Membership: 26,074, Highest Since Mid-’08

As a Tennessee REALTOR®, you are part of a dynamic network of real estate professionals throughout the state that numbers 26,074, as of the end of September 2017 — an 8% increase over one year ago and the largest number since before the economic downturn in mid-2008. The chart below shows our current membership compared

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Mortgage-Interest Deduction: HUGE Impact in Tennessee

How important is protecting the mortgage-interest deduction (MID) for Tennesseans? Very.  Of approximately 1,660,000 owner-occupied houses, 995,000 or 59.9% had a mortgage in 2014**, while 443,600 Tennessee taxpayers claimed a deduction for mortgage interest. The total deducted was $3,562,440,000. The average taxpayer claiming the MID subtracted $8,050 from taxable income. At a marginal rate of 25%, the average taxpayer saved $2,010. Total tax savings from the MID

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