APRIL 2026

SINGLE FAMILY OPERATIONS NEWSLETTER

WHAT'S INSIDE THIS MONTH

Lender Renewals

Single Family Staff Updates

Lender Notices

Lender Training

Realtor Training

Tennessee Housing Trends

Lender Rankings

LENDER RENEWALS

Friendly reminder: Lender renewals are due by April 24!

If you haven’t had a chance to complete your renewal application in Comergence yet, please do so as soon as possible. We appreciate your prompt attention!

SINGLE FAMILY STAFF UPDATES

Please join us in congratulating the following new hires and agency transfers into Single Family! We’re excited to welcome each of them to the team.

They bring a wealth of knowledge and experience to their new positions, and we’re confident they’ll make a great impact.

Congratulations to all!

Katina Brewer transitioned from our Final Docs team and is now a Mortgage Loan Closer-Post Closing.
Jennifer Carpenter transitioned from our Closing Team into the Mortgage Coordinator- Loan Underwriting position.
Bridget Forman is new to our agency and is the new Mortgage Loan Closer
William Hereford transitioned from our Servicing Department and is our new Investor Delivery Coordinator.

LENDER NOTICES

LENDER TRAINING

Great Choice & HFA Advantage Operations Training

Live via WebEx

This training covers all the basics of the Great Choice Loan Program and is required for all newly approved lenders, as well as serving as a refresher course for experienced staff. Topics include Eligibility Criteria, Homebuyer Education Requirements, Rate Lock & Loan Submission, Underwriting, Closing & Funding Requirements, and processes for each. While this is a prepared presentation, we will still leave plenty of time at the end for questions.

Click Here for Additional Lender Training

Morning Sessions 9:00 AM-10:30 AM Central/ 10:00 AM-11:30 AM Eastern

May 13 Topic: Great Choice

Afternoon Sessions 1:00 PM- 2:30 PM Central/ 2:00 PM- 3:30 PM Eastern

May 13 Topic: HFA Advantage

Please email rbicknell@thda.org for a monthly calendar invitation

REALTOR TRAINING

We are happy to announce our 2026 THDA Virtual Training Sessions for Realtors.

April 22nd at 9:00AM CT

Topic: Great Choice 101 Basics Training, 1 hour CE

May 12th at 6:00PM CT

Topic: Great Choice 101 Basics Training, 1 hour CE

May 27th at 9:00AM CT

Topic Freddie Mac HFA Advantage Training, 2 hour CE

Click to Register

TENNESSEE HOUSING TRENDS

As part of my role as one of THDA’s Real Estate Industry Advisors, I try to keep up with state housing sales data in some of our biggest markets. The national, state, and local Realtor associations do an incredible job of pulling together this information and making it available to their members and the public at large. I thought that it might be beneficial to have some of this data complied together in one place. I’ve included the credits for this information below; please check in with these organizations to learn more about housing sales in their markets.

National Housing Trends: The NAR Housing Affordability Index “measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national and regional levels based on the most recent price and income data.” Learn more about the index here.

Credit to the National Association of Realtors

Contracts Tick Up, Risks Remain
National Market Snapshot for March 2026:
- 98 million units sold (-1% Y/Y or Year-over-Year)
- Median Price: $408,800 (+1.4% Y/Y)
- 36 million Homes for Sale (+3% Y/Y)
- 1 Months of Inventory (4 months in March 2025)

State Housing Trends: Credit to Tennessee Realtors

Market Snapshot for March 2026:
- Months of Inventory: 5.77 (-0.6% Y/Y)
- Closed Home Sales: 7,289 (-5.5% Y/Y)
- Listings: 46,021 (+0%Y/Y)
- Median Home Sales Price: $375,000 (+0.3% Y/Y)

Chattanooga: Credit to Greater Chattanooga Realtors

March 2026:
- Listings: 3,506 (+21.8% MTD or Month to Date)
- Days on Market: 64 (+28% MTD)
- Median Sales Price: $340,250 (+2.5% MTD)
- Pending: 1,132 (+5.9% MTD)
- Closed Sales: 940 (+13.8% MTD)

Knoxville Area: Credit to East Tennessee Realtors

February 2026:
- Median Sales Price: $370,000 (+2.7% Y/Y)
- Total housing inventory has increased 10% from the previous year.
- Home Sales: +15.3% Y/Y
- New Listings: 3,935 (-3% month over month)
- Days on Market: 51 days (up from 42 days a year ago)

Memphis: Credit to the Memphis Area Association of Realtors

March 2026:
- Closings: 1,206 (-1.7% Y/Y)
- Median Sales Price: $223,000 (-0.9% Y/Y)
- Average Sales Price: $276,266 (+1.9% Y/Y)
- Single Family Listings: 4,017
- SF Average List Price: $362,311
- Pending SF Sales: 1,381
- Pending SF Average Sale Price: $356,511

Nashville: Credit to the Greater Nashville Realtors

March 2026:
- Closings: 2,752 (-3% Y/Y)
- Inventory: 13,694
- Months of Inventory: 6
- Median Price: $491,525 (Condo: $349,990)
- Pending Sales: 2,752 (-3% Y/Y)
- Days on Market: 62

Northeast Tennessee: Credit to the Northeast Tennessee Association of Realtors

March 2026:
- Existing Home Sales: 617 (+6.2% Y/Y)
- Inventory: 2,206 (+5.3% Y/Y)
- Average Sales Price: $313,575 (-0.2% Y/Y)
- Median Sales Price: $285,000 (+5.6% Y/Y)
- Median Days on Market: 84 (80 in March 2025)
- New Listings: 1,043 (+0.8% Y/Y)