New Bill to Stop Corporations from Monopolizing Housing Market?!

Sunday, November 26th, 2023

In this newsletter, you’ll find:

• 📈 Market Updates for 8 different zip codes in The Upper Cumberland

• 🏠 Have you heard of the new prosed Bill that will require corporations to pay an additional $10,000 for every home they buy and put it into a down-payment assistance fund for low-income families??

• 🔥 6 newly listed properties UNDER $400k

• ⭐️ Small business spotlight

• ☀️ Sunset Rock in Sparta. Have you been there yet?

• 💸 9 Price reductions

Let’s dive in! 👇

👉 Don’t see the city and/or zip code you’re looking for? Reply to this email and we will send you a custom report!

Meet Corey, our passionate and knowledgable in-house mortgage officer. Here’s here for all of your mortgage questions!

Have you heard about the new bill proposed by United States Representative Jeff Jackson in North Carolina?

@jeffjacksonnc

Rep. Jeff Jackson (NC): Corporate home-buying is out of control. #fyp #nc #charlotte #raleigh #asheville #politics

According to Jackson, the housing shortage we are seeing exists because many cities have made it illegal to build duplexes, triplexes, and townhomes. Although some cities are working to legalize these multi-living homes, it could take years, and he goes on to say that the problem is becoming more urgent as companies are buying up houses and renting them out, worsening the scarcity.

To tackle this problem, Jackson has introduced a bill that requires large corporations buying multiple homes to contribute $10,000 to a fund. This fund would assist low-income families in making downpayments on their homes. The aim is to create a disincentive for companies to keep purchasing properties, while using the generated funds to support those who are most affected by the housing shortage.

Jackson acknowledges that this solution won't solve the issue overnight, but he claims that it will shift the balance in favor of families looking to purchase their first homes.

We'd love to hear your thoughts on this bill. What do you think about it?

• $224,929 - 819 Double Springs Road, Cookeville, TN: 3 BED, 1.5 BATH, 1,440 SQFT

• $150,000 - 510 Walnut Grove Road, Livingston, TN: 3 BED, 2 BATH, 1,008 SQFT

• $324,929 - 6178 Nashville Hwy, Baxter, TN: 5 BED, 2 BATH, 2,200 SQFT, .97 ACRES

• $104,929- 850 Lewis Street, Cookeville, TN: 2 BED, 1 BATH, 944 SQFT, .85 ACRE

• $289,929 - 599 Pack Circle, Smithville, TN: 3 BED, 1.5 BATH, 1,856 SQFT

• $114,929 - 250 Tommy Dodson Hwy, Cookeville, TN: 3 BED, 2 BATH, 1,232 SQFT, .98 ACRE

View all newly listed properties here!

You can view their website here

Have you been to Sunset Rock in Sparta, TN yet?!

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Sunset Rock is a popular attraction in Sparta, TN.

Located right off of Crossville Highway, it’s easily accessible and you can even enjoy the view from your car! It’s one of our favorite spots that showcases the beauty of The Upper Cumberland.