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VOL. 40 | NO. 16 | Friday, April 15, 2016
SPECIAL EMPHASIS: RESIDENTIAL REAL ESTATE

Homebuyers feel pinch of higher prices, low inventory

Williamson’s average home price jumps $125K in 5 years

When Will Burns bought his condo along a once-blighted stretch of Nolensville Pike near the Fairgrounds, he thought it would be a good investment. It turns out he was right.

Middle Tennessee construction can’t meet demand

When it comes to residential real estate around Middle Tennessee, there are plenty of buyers but not nearly enough sellers, says Heather Benjamin with Reliant Realty’s Benjamin McConnell Group. And new construction just can’t keep up with the demand.

Go Build Tennessee’s goal: Fill state's construction worker shortage

The building boom in and around Nashville has led to a well-documented shortage of construction workers, as well as skilled professionals in welding and multiple related fields.

Middle Tennessee real estate trends for March 2016

March 2016 real estate trends for Davidson, Williamson, Rutherford and Wilson counties, as compiled by Chandler Reports.

Local Weather
Currently
Nashville, TN
51.0°F
Overcast
Wind: Northeast at 5.8 mph
Humidity: 86%

EVENTS

Nolensville Area Business Council Luncheon. Providence Baptist Fellowship Church, 1668 Sunset Road, Brentwood, Thursday, 11:30 a.m.-1 p.m. Join your colleagues in a casual networking opportunity to develop relationships with other Chamber members. Martin’s Bar-B-Que available. $16 for members and guests. Register: williamsonchamber.com

more events »

Middle Tennessee real estate trends for first quarter 2016

First quarter 2016 real estate trends for Davidson, Williamson, Rutherford and Wilson counties, as compiled by Chandler Reports.

Top Middle Tennessee residential transactions for March 2016

Top residential real estate sales, March 2016, for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.

RICHARD COURTNEY: REALTY CHECK

Sleuthing aside, market will ultimately set house’s value

Sherlock Holmes has some competition. Buyers and sellers alike are making use of the Internet to investigate the backgrounds of the people buying and selling homes.

DAVID CLIMER: OUT OF LEFT FIELD

How does UT have a Hall of Fame without Neyland?

His name is on the football stadium, where a twice-life-size statue of him is displayed between gates 15A and 17.

SPORTS

Big deal: Titans to trade No. 1 overall draft pick to Rams

NASHVILLE (AP) — The Tennessee Titans have traded the No. 1 overall selection in this month's NFL draft to the Los Angeles Rams for a collection of picks in one of the biggest deals in league history.

SAM STOCKARD: VIEW FROM THE HILL

Legislators playing expensive game with LGBT issues

The silly season is in full swing on Capitol Hill, but the “bathroom bill” and any jokes surrounding it are no laughing matter anymore. It’s getting downright expensive.

LEGISLATIVE PROFILE

Parkinson: It's OK to ‘go a little bit extreme’ to get job done

With U.S. Marine Corps training, Rep. Antonio Parkinson knows how to grab people’s attention.

BEHIND THE WHEEL

Toyota Land Cruiser gets upgrades, keeps durability

$84K price, low gas mileage are negatives

Toyota has done a nice job of updating the Land Cruiser for 2016, giving its priciest vehicle some new lines to go with upgrades under the hood and behind the wheel while retaining the durability that has given the SUV near-cult status with its owners over the years.

GUERRILLA MARKETING

Aim high: How to reach C-Level decision makers

Getting a meeting with C-level decision makers is no easy task, but it can be done. As with any true success, it all starts with doing your homework.

CAREER CORNER

Social media can help, hurt job search

Job seeking today feels much more complicated than it did in years past. In addition to your resume, cover letter and business suit, there’s a new layer to consider: social media.

I SWEAR

Keeping your brain fit will pay off in later years

Mental agility has been defined as “cognitive and psychological adaptability, or the ability to think rapidly and creatively under stress.” A site called “Mind Fitness Training Institute” says that “an agile mind … can anticipate or quickly adapt to uncertain or changing situations ….”

KAY'S COOKING CORNER

Forecast: Sunny, a chance of lemon burst

If you have children (or grandchildren), I’m sure you have heard of or seen the Disney movie “Cloudy with a chance of Meatballs.” Today my recipe is “Sunny with a chance of lemon burst,” and it’s anything but hot.

MUSIC INDUSTRY

American Country Countdown Awards to honor Merle Haggard

NASHVILLE (AP) - Singer and songwriter Toby Keith will perform a tribute to the late legend Merle Haggard during the American Country Countdown Awards on May 1.

STATE LEGISLATURE

Lawmakers fail to conclude Tennessee legislative session

NASHVILLE (AP) — A lengthy debate over a proposed veto override, partisan squabbling and a disagreement over a tax cut have delayed the planned conclusion of the legislative session.

AUTO INDUSTRY

Volkswagen reaches judge's deadline for diesel car fix

SAN FRANCISCO (AP) — Time is up for Volkswagen to meet a federal judge's deadline to detail how it will make nearly 600,000 diesel cars rigged to cheat on emissions tests comply with clean air laws.

GM profits more than double on record N. America earnings

DETROIT (AP) — General Motors' first quarter profit more than doubled as all of its business units posted improved numbers including record pretax earnings in North America.

REAL ESTATE

US mortgage rates remain low as home-buying season starts

WASHINGTON (AP) — Mortgage buyer Freddie Mac says average long-term U.S. mortgage rates stayed near 2016 lows this week, potentially good news for the housing market as the spring home-buying season begins.

More Americans are expected to remodel their homes this year

WASHINGTON (AP) — A rising number of Americans are preparing to renovate their homes this year, a potential boost for the economy, according to projections released Thursday by Harvard University's Joint Center for Housing Studies.

NATIONAL/INTERNATIONAL BUSINESS

US applications for jobless aid fall to four-decade low

WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell to a four-decade low last week, a sign that employers are unconcerned about weak economic growth in the first three months of 2016.

Mixed open on Wall Street; indexes waver

U.S. stock indexes edged lower in early trading Thursday as investors pored over the latest crop of company earnings news. Telecom services and consumer staples companies were down the most. Oil prices were also headed lower. The stock market is coming off a three-day winning streak.


WEDNESDAY, APRIL 20
STATE LEGISLATURE

Lawmakers scramble to conclude Tennessee legislative session

NASHVILLE (AP) - Tennessee lawmakers are scrambling to try to conclude their business for the year on Wednesday.

Veto of Bible as official Tennessee book survives challenge

NASHVILLE (AP) - Tennessee has a state reptile, a state rock and a state song in the moonshine-themed "Rocky Top." For now, though, the Bible will not be its official state book.

Clock could run out on efforts to defund UT diversity office

NASHVILLE (AP) — Opposing approaches could sink a legislative effort to defund the Office of Diversity and Inclusion at the University of Tennessee.

Tennessee passes resolution to sue feds over refugees

NASHVILLE (AP) — A resolution that would direct Tennessee to sue the federal government over its refugee resettlement program passed Tuesday in the state Legislature.

Senate OKs bill to allow gun carry on Tennessee campuses

NASHVILLE (AP) — The Tennessee General Assembly passed a law Wednesday that would allow teachers and other employees with handgun carry permits to be armed on the campuses of the state's public colleges and universities.

NASHVILLE AREA

Settlement approved in corrections officer wage lawsuit

NASHVILLE (AP) - The Metro Council has approved a $2.1 million settlement to end a legal dispute about how corrections officers are paid.

MIDSTATE

Columbia among 6 cities getting grants to spur downtown businesses

NASHVILLE (AP) — State officials say six Tennessee cities will each receive $50,000 grants to encourage business growth in their downtown areas.

REAL ESTATE

US home sales rebounded in March after February dip

WASHINGTON (AP) — U.S. homebuyers crowded back into the market in March, kicking off a solid start to the spring buying season after sales had slumped in February.

Missing ingredient for millennials: Down payment savings

WASHINGTON (AP) — Short of savings and burdened by debt, America's millennials are struggling to afford their first homes in the face of sharply higher prices in many of the most desirable cities.

AUTO INDUSTRY

Source: VW, gov't ink deal to pay owners of cheating diesels

DETROIT (AP) — A person briefed on the matter says Volkswagen has reached an agreement with the U.S. government to spend just over $1 billion to compensate owners of diesel-powered cars that cheat on emissions tests.

Japan's Mitsubishi Motors finds falsified fuel mileage tests

TOKYO (AP) — Mitsubishi Motors Corp., the Japanese automaker tarnished by a massive recall cover-up 15 years ago, owned up to another scandal Wednesday, saying employees had intentionally falsified fuel mileage data for several vehicle models.

NATIONAL/INTERNATIONAL BUSINESS

US stocks end modestly higher as oil price recovers

Financial and energy companies led a modest increase in U.S. stocks Wednesday, giving the stock market its third gain in a row.

Banking woes easing for some legal pot businesses

SALEM, Ore. (AP) — In a once-empty office in Oregon's Department of Revenue headquarters, officials have created a mini-fortress.

EU expands battle with Google with Android antitrust probe

BRUSSELS (AP) — The European Union is broadening its battle with Google, alleging that the technology giant rigs the global market for mobile apps by making its Android operating system give preferential treatment to its own products.

NATIONAL POLITICS

Senate OKs bill to promote wide variety of energy sources

WASHINGTON (AP) — The Senate approved a wide-ranging energy bill Wednesday that would promote a variety of energy sources and speed federal approval of projects to export liquefied natural gas to Europe and Asia.


TUESDAY, APRIL 19
STATE LEGISLATURE

GOP leader vows retribution for transgender 'blackmail'

NASHVILLE (AP) - The Republican leader in the Tennessee House vowed retribution Tuesday for companies that spoke out against a transgender bathroom bill, suggesting that lawmakers should consider limiting tax incentives and grants to them.

Legislature passes online voter registration bill

NASHVILLE (AP) - The General Assembly passed legislation Tuesday that would allow Tennesseans to register to vote online.

Fantasy Sports Tax Act ready for Haslam signature

NASHVILLE (AP) - Tennessee's Legislature passed a bill that would make clear that fantasy sports betting is legal, but would also regulate it and put a tax on it.

House passes resolution directing state to sue over refugees

NASHVILLE (AP) — A resolution that would order Tennessee to sue the federal government over its refugee resettlement program passed Monday in the state House. Senate counterparts previously approved the resolution and would only have to agree to a change that would allow a private law firm to sue on behalf of the state before the measure becomes law.

Bid to override Haslam veto on Bible bill announced in House

NASHVILLE (AP) — The sponsor of bill seeking to designate the Bible as the official book of Tennessee has formally announced his bid to override Republican Gov. Bill Haslam's veto of the measure.

Transgender bathroom bill fails in Tennessee legislature

NASHVILLE (AP) — A transgender bathroom bill in the Tennessee legislature failed Monday after the House sponsor said she was withdrawing the legislation while waiting to see how legal challenges play out in other states that have passed similar measures.

MIDSTATE

Alabama Sen. Jeff Sessions to headline Rutherford GOP event

MURFREESBORO (AP) - Alabama Sen. Jeff Sessions, the chairman of presidential candidate Donald Trump's national security advisory team, is scheduled to headline a Rutherford County Republican Party fundraiser next month.

STATEWIDE

Tile maker expanding facility in East Tennessee

LOUDON (AP) — An Italian tile maker says it is expanding its manufacturing operation in East Tennessee, investing $30 million and adding 40 jobs.

AUTO INDUSTRY

VW owners seek trial if there's no fix in emissions case

DETROIT (AP) — Lawyers representing thousands of people who own diesel Volkswagens that cheat on emissions tests are asking a judge to order repairs and compensation if the company and government regulators don't agree to a fix by Thursday.

COURTS

High court tie benefits Nevada inventor in tax dispute

WASHINGTON (AP) — A tie vote from the Supreme Court means California officials can be hauled into a Nevada state court to face allegations in a long-running tax dispute with a Nevada inventor.

REAL ESTATE

US home construction tumbled in March

WASHINGTON (AP) — Construction of new homes fell in March by the largest amount in five months, with weakness in all regions of the country except the Northeast.

TECHNOLOGY

Visa: new technology for chip cards to speed checkout times

NEW YORK (AP) — Visa says its improving its smart chip-embedded cards, which have been the source of grumbling from businesses and customers forced to wait for transactions to go through.

NATIONAL/INTERNATIONAL BUSINESS

US stock indexes close mostly higher; oil price rebounds

U.S. stocks closed mostly higher on Tuesday, led by gains in energy, mining and financial companies.

Yahoo deterioration deepens as company mulls possible sale

SAN FRANCISCO (AP) — Yahoo has hung out a "for sale" sign without doing much to improve its curb appeal.

Intel to cut 12,000 jobs as it confronts decline in PCs

SAN FRANCISCO (AP) — Intel says it will cut 12,000 jobs — about 11 percent of its workforce — as it reorganizes to confront a decline in sales of personal computers.

NATIONAL POLITICS

In Kansas, lawmakers lose patience with governor's tax cuts

TOPEKA, Kan. (AP) — After he became Kansas governor in 2011, Sam Brownback slashed personal income taxes on the promise that the deep cuts would trigger a furious wave of hiring and expansion by businesses.

Co-founders of Ben & Jerry's arrested at US Capitol

WASHINGTON (AP) — The co-founders of Ben & Jerry's have been arrested at the U.S. Capitol as part of ongoing protests in Washington about the role of money in politics.


MONDAY, APRIL 18
STATE LEGISLATURE

Tennessee transgender bathroom bill dead for session

NASHVILLE (AP) — A Tennessee transgender bathroom bill has failed after a sponsor pulled the measure until next year.

Pastors urge lawmakers to stand firm on bathroom bill

NASHVILLE (AP) - Religious conservatives are urging Tennessee lawmakers to ignore what they say are "false prophesies of economic doom and gloom" and to stand strong in the face of opposition to a transgender bathroom bill.

NASHVILLE AREA

To curb violence, Nashville expands youth summer jobs

NASHVILLE (AP) - As part of a plan to reduce violence, Nashville's mayor is pushing for employers in both the Metro government and the private industry to hire more teenagers for summer jobs.

STATEWIDE

Lottery sets record for education funding in first quarter

NASHVILLE (AP) — The Tennessee Lottery says it returned a record $119 million for education funding during the first quarter of the year, a 27 percent increase over the previous quarterly record.

Jimmy Haslam fighting deposition order in civil suit

NASHVILLE (AP) — Cleveland Browns owner Jimmy Haslam is fighting a court order for him to testify in a civil lawsuit against the Pilot Flying J truck-stop chain owned by Haslam and his brother, Tennessee Gov. Bill Haslam.

REAL ESTATE

US homebuilder sentiment held steady in April

U.S. homebuilders' confidence held steady in April, reflecting an overall optimistic outlook in the market for new homes even as a gauge of current sales fell slightly.

TECHNOLOGY

It's on ... Amazon's stand-alone streaming targets Netflix

NEW YORK (AP) — Amazon.com Inc. is taking on Netflix and Hulu with its own stand-alone video streaming service, just weeks before Netflix raises prices for longtime subscribers.

Oculus reacts to virtual reality privacy questions

BURBANK, Calif. (AP) — An executive from virtual reality company Oculus says consumers shouldn't be concerned about an invasion of their privacy when using the Oculus Rift.

NATIONAL/INTERNATIONAL BUSINESS

US stocks recover from an early slump and close higher

Energy companies led a broad rally in U.S. stocks Monday as investors shrugged off another slide in crude oil prices.

Lower US supply to underpin oil price despite talks failure

LONDON (AP) — The failure by oil-rich nations to agree to freeze production sent crude prices lower Monday.


FRIDAY, APRIL 15
STATE LEGISLATURE

Tennessee governor vetoes bill making Bible official book

NASHVILLE (AP) — Republican Gov. Bill Haslam on Thursday vetoed a bill seeking to make Tennessee the first state to designate the Bible as its official book.

Muslim video issued by GOP lawmaker draws ire from Democrats

NASHVILLE (AP) - Three Democrats are demanding that a Republican state lawmaker be disciplined after she distributed a video on Muslims that the General Assembly's legal offices have said is so inflammatory that it could be viewed as religious discrimination.

Senate passes $35B Tennessee spending plan; House up next

NASHVILLE (AP) - Tennessee lawmakers have approved a nearly $35 billion annual spending plan for the budget year beginning July 1, sending the measure to Republican Gov. Bill Haslam's desk.

House approves Fetal Remains Act

NASHVILLE (AP) - Legislation that would put new restrictions on the transfer of fetal remains is close to getting to the governor.

MUSIC INDUSTRY

Singer Zac Brown was in hotel room where 4 arrested

NASHVILLE (AP) - Country singer Zac Brown says in a statement that he was "in the wrong place at the wrong time" last week in a Palm Beach hotel room where four people were arrested for drug possession.

Singer Kelly Clarkson gives birth to a baby boy

NASHVILLE (AP) - Pop singer Kelly Clarkson has announced the birth of her second child, a boy named Remington Alexander Blackstock.

NASHVILLE AREA

Nashville airport adding 2nd cell phone waiting lot

NASHVILLE (AP) - Nashville International Airport is adding a second parking lot for people waiting on cell phone calls from arriving travelers.

Plane crash near YMCA caused by loss of engine, airspeed

NASHVILLE (AP) - A small plane crash that killed four members of a Kansas family while narrowly missing a Nashville, Tennessee, YMCA during peak afternoon hours was caused by the pilot's failure to maintain airspeed after an engine lost power.

MIDSTATE

Hendersonville lawyer sentenced to prison for scheme

NASHVILLE (AP) - Federal prosecutors say a Hendersonville attorney has been sentenced to more than 2 ½ years in prison for his role in a real estate closing scheme.

STATEWIDE

Officials seek moratorium on Achievement School District

NASHVILLE (AP) - Metro Nashville Public Schools has joined Shelby County officials in calling for the Achievement School District to discontinue takeovers of struggling schools.

REAL ESTATE

Average US rate on 30-year mortgage slips to 3.58 percent

WASHINGTON (AP) — Average long-term U.S. mortgage rates edged down this week to their lowest levels of the year, offering a continued incentive for purchasing during the spring home-buying season.

AUTO INDUSTRY

Scandal-hit VW brand sees sales drop in German market

FRANKFURT, Germany (AP) — German automaker Volkswagen AG saw sales fall in its home market as it struggles to overcome a scandal over cars that cheated on diesel emissions tests.

TECHNOLOGY

Obama backs effort to give consumers options on cable boxes

WASHINGTON (AP) — President Barack Obama threw his weight Friday behind an effort to give consumers more choice when it comes to the cable boxes that control which television channels they watch.

NATIONAL/INTERNATIONAL BUSINESS

US stocks dip as oil prices skid ahead of OPEC meeting

NEW YORK (AP) — U.S. stocks fell slightly as a dip in oil prices dragged energy companies lower, but for the week stocks ended sharply higher.

US factory output fell again in March

WASHINGTON (AP) — U.S. factory output dropped in March for the second straight month as manufacturers churned out fewer cars, metal parts and machinery.

Global finance officials seeking ways to boost growth

WASHINGTON (AP) — Facing a shaky world economy and political attacks on free trade, global finance leaders meeting in Washington are searching for ways to increase cooperation to battle a variety of economic threats.

Low rates, troubled loans send bank profits lower

PHOENIX (AP) — 2016 is getting off to a lousy start for major U.S. banks. Energy loans are turning bad, low interest rates are making it hard to make profitable loans, and markets have been volatile.

World Bank head warns of weak economy, bemoans tax evasion

WASHINGTON (AP) — The president of the World Bank on Thursday lamented the weak state of the global economy and warned that the kind of tax evasion exposed in the Panama Papers investigation is fueling poverty around the world.

Still need more time? How to file a tax extension

Procrastinators rejoice: tax day is a bit later this year and if you still can't make that, there's still time to file for an extension.

Microsoft suit is latest tech clash with US over privacy

SAN FRANCISCO (AP) — As we live more of our lives online, the companies we trust with our digital secrets are increasingly clashing with authorities who want access to the messages, pictures, financial records and other data we accumulate in electronic form.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0