Market changes in May For TN Housing by Sandra C Brown, GRI
June 15, 2020
Housing Market Changes For may 2020 In Tennessee by Sandra C Brown, GRI Broker
TN Realtors reported in May inventory was down by 14%
TN Realtors also reported sales were off by 20%
Inspite of this however the median price per square foot rose 6%
Currently Fannie Mae, Freddie mac and FHA are offering forecloure forebearance.
Portfollio loans - Jumbo and non noconforming lenders are offering limited forebearance depending on the lender.
Some Realtors are now using Zoom for virutal tours and are using virtual staging as well.
These must be disclosed.