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VOL. 41 | NO. 15 | Friday, April 14, 2017
SPECIAL EMPHASIS: RESIDENTIAL REAL ESTATE

From tough sells to rising stars

Smart buyers find instant equity in soon-to-be-hot neighborhoods

Racquel Martin has lived in her newly built East Nashville condo for just a few weeks and has no plans to sell it any time soon. But if she did, she could make a tidy profit.

Williamson woe: Where to go once you’ve cashed in

In Williamson County, homes are selling so fast and for so much money that some owners are refusing to sell.

‘Bargain’ real estate shoppers look to Rutherford County

With Nashville housing prices going through the roof, homebuyers continue to look at Rutherford County as an affordable way to work and live near Nashville despite increasing gridlock along the I-24 corridor.

Home buyers ‘priced out of Nashville’ flock to Sumner, Wilson

Alan and Laurie Bechler could have purchased a home in Williamson County, but they found a better value in Sumner County.

Local Weather

Weather in Nashville, TN

EVENTS

Business Studio. Beyond the Buzzword: Getting Intentional About Diversity. Guest speaker Aerial Ellis will provide a thorough discussion about today’s most pressing issues of cultural diversity and inclusion in the world and the workplace. Discover the benefits of emphasizing diversity and inclusion within your business. Learn how to improve workplace culture and strengthen relationships with consumers through cross-cultural competence. Overcome common challenges that keep businesses from unlocking the potential of teams, customers, and communities. Microsoft, 8 City Blvd., Nashville. Thursday, 4-6 p.m. Parking in OneC1ty garage on P2. Information and to register: http://web.nashvillechamber.com/events/eventdetail.aspx?EventID=1873

more events »

Realtors survive tech advances that have hurt other professions

Technology has a way of devastating industries, and as early as 1997 a national journal predicted a dire future for the real estate profession.

Middle Tennessee real estate trends for March 2017

March 2017 real estate trends for Davidson, Williamson, Rutherford and Wilson counties, as compiled by Chandler Reports.

Middle Tennessee real estate trends for first quarter 2017

First quarter 2017 real estate trends for Davidson, Williamson, Rutherford and Wilson counties, as compiled by Chandler Reports.

Top Middle Tennessee residential transactions for March 2017

Top residential real estate sales, March 2017, for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.

Average 30-year mortgage rate falls to 2017 low of 4.08 pct

WASHINGTON (AP) — Long-term U.S. mortgage rates fell for a fourth straight week, with the benchmark 30-year rate marking a new low for the year.

RICHARD COURTNEY: REALTY CHECK

Settle or stretch: Market’s a killer for the indecisive

The residential real estate battlefield is littered with settlers and stretchers scattered across the neighborhoods in the Nashville theater. Troops of families relocating have invaded by land and air and have besieged the entire city.

SAM STOCKARD: VIEW FROM THE HILL

Mistreated GOP legislators only want to be heard

Word has it extra tissue will be placed on the desks of some House members in the coming weeks so they can dry their tears of pain.

DAVID CLIMER: OUT OF LEFT FIELD

Look for Shoop to improve Vol defense

The most unexpected development during Tennessee’s 2016 football season wasn’t three straight losses in October or the disappearing act at Vanderbilt.

BUSINESS BOOK REVIEW

How to deal with that schmuck in your office

Your co-worker is an idiot. All day long, he’s blah-blah-blah, telling you how great he is, the coolest guy ever. If you’ve done something, he’s done it better. Twice.

BEHIND THE WHEEL

Long road trip: Accord Hybrid gets 758 miles between fill-ups

Honda’s Accord Hybrid has returned for 2017 as a roomy, comfortable mid-size sedan that’s the most fuel-efficient gas-electric hybrid four-door car in its class.

GUERRILLA MARKETING

Avoid ‘me’ trap with social media promotion

It’s official – you are on the social media bandwagon. Your company has a presence on the major platforms because you want to drive traffic to your website, engage customers and learn their insights, build brand loyalty, deliver better customer service and manage your reputation.

CAREER CORNER

Your career path will take many unexpected turns

The job market often offers twists and turns you’d never expect. My first twist happened during college.

STATE LEGISLATURE

House to vote on permit 23-hour alcohol at 2 Nashville bars

NASHVILLE (AP) — The Tennessee House is scheduled to vote Thursday on a bill that would allow two Nashville bars to serve alcohol for 23 hours a day.

STATEWIDE

University of Tennessee newspaper to print twice weekly

KNOXVILLE (AP) — The student-run newspaper at the University of Tennessee is cutting its print edition to twice weekly.

COURTS

Commission will meet to interview 6 applicants for judge

NASHVILLE (AP) — The Trial Court Vacancy Commission will meet on May 1 to consider six applicants to fill the seat of retiring Sullivan County Circuit Court Judge R. Jerry Beck.

AUTO INDUSTRY

General Motors says it's stopped business in Venezuela

CARACAS, Venezuela (AP) — General Motors announced Thursday amid Venezuela's ongoing protests that it was no longer doing business in the country after authorities seized its only factory in the South American nation.

NATIONAL/INTERNATIONAL BUSINESS

Gains for industrial and materials companies lift US stocks

NEW YORK (AP) — U.S. stocks are off to another strong start Thursday morning as solid earnings from railroad operator CSX and paint and coatings maker Sherwin-Williams send companies that make and sell basic materials higher. Banks are also gaining ground after more of them report solid earnings and as bond yields rise, which allows banks to charge higher interest rates on loans.

Applications for US jobless aid rise but remain at low level

WASHINGTON (AP) — More people sought U.S. unemployment benefits last week, yet total applications remained at a historically low level that suggests workers are enjoying solid job security.


WEDNESDAY, APRIL 19
STATE LEGISLATURE

Tennessee House, Senate pass Haslam's gas tax proposal

The House and Senate are nearly ready to send the IMPROVE Act to Gov. Bill Haslam, passing it with relatively wide voting margins after months of debate.

Tennessee Senate committee passes abortion bill

NASHVILLE (AP) — A bill that would ban some abortions at 20 weeks passed in a Senate committee Wednesday, despite Tennessee's attorney general previously calling the measure "constitutionally suspect."

Gas tax bill heads for Wednesday showdown in Tennessee House

NASHVILLE (AP) — Republican Gov. Bill Haslam's road and bridge funding bill is headed for a showdown in the Tennessee House on Wednesday.

Gilmore to run for Harper's state seat in Tennessee Senate

NASHVILLE (AP) — State Rep. Brenda Gilmore has announced she will run for the Nashville seat currently held by longtime Sen. Thelma Harper, a fellow Democrat.

MIDSTATE

Williamson County Schools to eliminate class rank

FRANKLIN (AP) — The Williamson County School board has approved the district's decision to eliminate class rank in the face of its declining importance in college admissions.

AUTO INDUSTRY

Ford unveils 1st gasoline-electric hybrid

SHANGHAI (AP) — Ford Motor Co.'s luxury brand, Lincoln, has unveiled its first gasoline-electric hybrid, a version of its MKZ midsize sedan, at the Shanghai auto show.

Volvo announces plans to export China-made electric car

SHANGHAI (AP) — Volvo Cars, the Chinese-owned Swedish automaker, said Wednesday it plans to make electric cars in China for sale worldwide starting in 2019 amid pressure by Beijing for global auto brands to help develop its fledgling industry in alternatives to gasoline.

NATIONAL/INTERNATIONAL BUSINESS

Wage worries sink stocks late; energy sector and IBM skid

NEW YORK (AP) — U.S. stocks gave up a promising start and finished mostly lower Wednesday as investors continued to worry about lagging wages and energy companies dropped with the price of oil.

O'Reilly out at Fox News Channel

NEW YORK (AP) — Bill O'Reilly has lost his job at Fox News Channel following reports that five women had been paid millions of dollars to keep quiet about harassment allegations.

Fed survey finds moderate economic growth in spring

WASHINGTON (AP) — The Federal Reserve says the U.S. economy kept expanding in the early spring, with tight labor markets and many businesses reporting rising wages.

Major changes coming to how your credit score is calculated

NEW YORK (AP) — The math behind your credit score is getting an overhaul, with changes big enough that they might alter the behavior of both cautious spenders as well as riskier borrowers.

When small stores go out of business, owners ask: Now what?

NEW YORK (AP) — When small or independent retailers post "Going Out of Business" signs, many ask themselves, now what? That may mean trying again — or forging ahead on a completely different career path.

Newspaper decline continues to weigh on AP earnings

NEW YORK (AP) — Earnings at The Associated Press shrank substantially last year compared with 2015, when the news organization enjoyed a large tax benefit that skewed its results. Revenue also edged downward, reflecting continued contraction in the newspaper industry and a stronger U.S. dollar that reduced the value of overseas sales.

Morgan Stanley posts strong 1Q profit, helped by trading

NEW YORK (AP) — Wealth management and investment banking firm Morgan Stanley saw profits rise 74 percent in the first quarter, helped by the firm's well-regarded trading desks.

NATIONAL POLITICS

Utah Rep. Chaffetz says he won't run for re-election

WASHINGTON (AP) — Utah Rep. Jason Chaffetz, a Republican who chairs the House Oversight Committee, says he won't for re-election or any other office in 2018.

China says Ivanka Trump trademark requests handled properly

BEIJING (AP) — China is defending its handling of trademark applications from President Donald Trump's daughter Ivanka and her company, saying that all such requests are handled fairly.

China, EU push message of free trade, engagement

BEIJING (AP) — Top diplomats from China and the European Union pledged closer cooperation Wednesday, highlighting their common interests in peace and security and pushing a message of free trade and open engagement in contrast to fears that the U.S. is turning inward under President Donald Trump.


TUESDAY, APRIL 18
STATE LEGISLATURE

Mayors urge passage of Haslam road funding bill

NASHVILLE (AP) — The Middle Tennessee Mayors Caucus is urging state lawmakers to approve Republican Gov. Bill Haslam's transportation funding proposal that would include the state's first gas tax hike since 1989.

Bill to reduce fine for carrying guns without permit fails

NASHVILLE (AP) — A bill seeking to reduce penalties for carrying a handgun in public without a state-issued gun permit has failed for the year.

Legislature curtails Metro's ability to fight gas compressor

Legislation putting a damper on Nashville’s efforts to stop natural gas pipeline compressor projects in Cane Ridge and Joelton is on its way to the governor’s desk.

School bus safety measures advance in the Legislature

NASHVILLE (AP) — In the first legislative session after a school bus wreck in Chattanooga killed six children, Tennessee lawmakers are advancing bills to improve safety, including one measure that would require seat belts on new buses.

Study: Tennessee road woes cost drivers $6B yearly

NASHVILLE (AP) — A national transportation research group's study says deterioration, congestion and lack of safety features on Tennessee roads and bridges cost the state's drivers $6 billion annually.

Harwell to GOP: Show civility in gas tax debate

NASHVILLE (AP) — Speaker Beth Harwell is calling on her Republican colleagues to show civility as the Tennessee House prepares for a contentious vote Wednesday on Gov. Bill Haslam's transportation funding proposal.

Effort to ban open alcohol containers in cars dead for year

NASHVILLE (AP) — Republican Gov. Bill Haslam's proposal to ban open alcohol bottles or cans in vehicles traveling on Tennessee roads has failed for the year.

Tennessee Senate to vote on optional 'In God We Trust' tags

NASHVILLE (AP) — The full state Senate is poised to vote on a bill that would allow Tennessee drivers to choose license plates with the phrase "In God We Trust" on them.

STATEWIDE

Tennessee tourism officials launch vacation planning website

NASHVILLE (AP) — State tourism officials have launched a new personalized website to help travelers plan their trips to Tennessee.

COURTS

Restaurant group joins suit against Trump over business ties

NEW YORK (AP) — An organization that advocates for restaurant workers has joined a New York lawsuit claiming President Donald Trump is violating the constitution by letting his businesses accept money from foreign governments.

More women join lawsuit over Memphis rape kits

MEMPHIS (AP) — More women are joining a lawsuit against the City of Memphis over the accumulation of thousands of untested rape kits.

REAL ESTATE

US housing starts fell in March; still stronger than in 2016

WASHINGTON (AP) — U.S. builders broke ground on fewer homes in March, but the pace of construction so far this year remains stronger than in 2016.

AUTO INDUSTRY

Volkswagen profit jumps on new vehicles, cost controls

FRANKFURT, Germany (AP) — German automaker Volkswagen has reported better-than-expected earnings for the first quarter thanks to cost controls and a stronger contribution from its core brand, which was boosted by new models including the Tiguan SUV.

Volkswagen plans all-electric car for China next year

SHANGHAI (AP) — Volkswagen, Europe's biggest automaker, plans to launch its first pure-electric car in China next year as Beijing steps up pressure on the industry to promote alternatives to gasoline.

NATIONAL/INTERNATIONAL BUSINESS

Johnson & Johnson, Goldman sneeze and stocks catch a cold

NEW YORK (AP) — U.S. stocks fell Tuesday after weak first-quarter reports from Johnson & Johnson and Goldman Sachs frustrated investors who hope that company earnings are on the rise. Health care companies lost the most.

Trump targets visa program for highly skilled workers

KENOSHA, Wis. (AP) — President Donald Trump hopes to revive the economic populism that helped drive his election campaign, signing an order Tuesday in politically important Wisconsin to tighten rules on technology companies bringing in highly skilled foreign workers.

Ex Microsoft CEO Steve Ballmer offers facts on government

NEW YORK (AP) — Former Microsoft CEO Steve Ballmer has created a new organization to analyze government spending and revenue to make it easier to understand.

IMF foresees global economy accelerating to 3.5 pct. in '17

WASHINGTON (AP) — A resilient China, rising commodity prices and sturdy financial markets are offering a sunnier outlook for the global economy and helping dispel the gloom that has lingered since the Great Recession ended.

Bank of America profits jump, helped by interest rates

NEW YORK (AP) — Bank of America's first quarter profits grew nearly 40 percent, the bank said Tuesday, helped by higher interest rates as well as a strong performance in its investment banking division.

Ivanka's biz prospers as politics mixes with business

SHANGHAI (AP) — On April 6, Ivanka Trump's company won provisional approval from the Chinese government for three new trademarks, giving it monopoly rights to sell Ivanka brand jewelry, bags and spa services in the world's second-largest economy. That night, the first daughter and her husband, Jared Kushner, sat next to the president of China and his wife for a steak and Dover sole dinner at Mar-a-Lago.

NATIONAL POLITICS

Trump rallies Georgia Republicans ahead of special election

WASHINGTON (AP) — President Donald Trump is rallying voters in Georgia's 6th Congressional District to "get out and vote" Republican ahead of Tuesday's special election.


MONDAY, APRIL 17
MUSIC INDUSTRY

Film producer takes aim at tech giants in new book

NASHVILLE (AP) — The executive producer of a documentary hailed as one of the best rock films of all time is coming to Nashville to discuss his new book that accuses tech giants of threatening the future of the music, film, television, publishing and news industries.

STATE LEGISLATURE

House short of votes to needed to pass Haslam's gas tax/tax cut

Votes aren’t adding up in the House of Representatives for passage of the governor’s gas tax/tax cut legislation.

Legislators renew push for veterans’ property tax relief

Members of the Legislature’s Veterans Caucus are renewing a call to increase property tax relief statewide for veterans and the elderly in a measure separate from the governor’s IMPROVE Act.

Tennessee joins states urging court to reinstate travel ban

NASHVILLE (AP) — Tennessee is joining more than a dozen other states in urging an appeals court to reinstate President Donald Trump's revised travel ban.

STATEWIDE

Democrat Mackler announces bid for Tennessee US Senate seat

NASHVILLE (AP) — Nashville attorney and former Army helicopter pilot James Mackler says he is running for the Democratic nomination to represent Tennessee in the U.S. Senate.

NASA invest $9.9M in University of Tennessee-led team

KNOXVILLE (AP) — A research team led by the University of Tennessee Knoxville has received a $9.9 million grant from NASA toward the development of a more aerodynamically capable aircraft.

REAL ESTATE

US homebuilder sentiment slips, but overall outlook positive

U.S. homebuilders are feeling slightly less optimistic about their sales prospects, even as their overall outlook remains favorable.

COURTS

Lawsuit: Wells Fargo banker fired for not scamming customers

NEW BRUNSWICK, N.J. (AP) — A New Jersey woman has sued Wells Fargo Bank, saying she was fired for refusing to participate in a scheme to manipulate accounts and sell products that weren't in customers' best interest.

TECHNOLOGY

Netflix on the verge of hitting 100 million subscribers

SAN FRANCISCO (AP) — Netflix is on the verge of surpassing 100 million subscribers, a testament to how much the video streaming service has changed the entertainment landscape since its debut a decade ago.

NATIONAL/INTERNATIONAL BUSINESS

Led by banks, stocks jump after strong report from China

NEW YORK (AP) — U.S. stocks bounced back from recent losses Monday after the Chinese government said that country's economy grew at a slightly faster pace in the first quarter. Banks jumped as interest rates recovered.

Absences, fitness, atmosphere: New ways to track schools

Absences, fitness, atmosphere _ new ways to track schools

Which state sends most taxes to DC? Hint: It's not a state

WASHINGTON (AP) — As Tax Day approaches, show some love for the good people who live in the nation's capital.

NATIONAL POLITICS

Trump to sign bill extending veterans' health care program

WASHINGTON (AP) — President Donald Trump plans to sign legislation to extend temporarily a program that gives veterans access to private-sector health care.


FRIDAY, APRIL 14
MUSIC INDUSTRY

Glen Campbell's last studio album to be released in June

NASHVILLE (AP) — Grammy-winning guitarist and singer Glen Campbell is releasing his final studio album, recorded shortly after his Alzheimer's disease diagnosis in 2011.

STATEWIDE

Gas tax, health care complicate Tennessee governor's race

NASHVILLE (AP) — Unexpected twists in a state gas tax bill, a presidential nomination and the failure of congressional effort to repeal former President Barack Obama's health care law are complicating the Republican campaign to succeed term-limited Gov. Bill Haslam next year.

AG agrees Tennessee will stop enforcing 2 abortion limits

NASHVILLE (AP) — Tennessee's attorney general has agreed that the state will drop two abortion limits similar to Texas laws struck down by the U.S. Supreme Court, according to federal court filings Thursday.

STATE LEGISLATURE

Tennessee cities blocked in push to ease marijuana penalties

NASHVILLE (AP) — Republican Gov. Bill Haslam has signed legislation stripping Nashville and Memphis of ordinances to ease criminal punishment for marijuana possession.

Harwell 'leaning' toward support of governor's gas tax bill

NASHVILLE (AP) — House Speaker Beth Harwell, whose support of efforts to strip a gas tax hike out of Republican Gov. Bill Haslam's transportation funding proposal had cast doubt about the bill's prospects, said Thursday that she is now 'leaning' toward voting for the proposal.

Senate supporter of more fundraising had to return donations

NASHVILLE (AP) — A state lawmaker who supported doubling the amount of money that senators could raise during their four-year terms was required to return nearly $60,000 in donations that he over-collected in 2016.

Tennessee Senate OKs cellphones, selfies while voting

Legislation stemming from the infamous voting-booth selfie by pop star Justin Timberlake sailed through the Senate Thursday.

Tennessee House passes free community college bill

NASHVILLE (AP) — The Tennessee House has passed a bill that lets older adults without a college degree or certificate attend community college free of charge.

Tennessee Senate backs age limit for school bus drivers

NASHVILLE (AP) — After a deadly school bus crash in Chattanooga, the Tennessee Senate has passed a bill requiring school bus drivers to be at least 25 years old without serious traffic violations in the last three years.

NASHVILLE AREA

Patsy Cline Museum, Madame Tussauds open

NASHVILLE (AP) — Two new attractions opening this month in Nashville will give fans a chance to get closer to some of their favorite country music icons.

HEALTH CARE

Insurers say Trump must do more to stabilize 'Obamacare'

WASHINGTON (AP) — "Obamacare" is proving more of a challenge than the Trump administration bargained for.

House chairman skeptical of conservatives' health care idea

BEND, Ore. (AP) — A House committee chairman who's a leading author of the mired Republican health care bill said Thursday he's skeptical about proposals the Trump administration and conservative GOP lawmakers have discussed in hopes of breathing life into the legislation.

AUTO INDUSTRY

Tesla set to unveil electric semi-truck in September

DETROIT (AP) — Tesla Inc. CEO Elon Musk says the company plans to unveil an electric semi-truck in September.

Toyota plans $10M visitor and training center in Mississippi

BLUE SPRINGS, Miss. (AP) — Toyota Motor Co. says it will build a $10 million center for visitors and interactive training at its northeast Mississippi assembly plant.

Auto show: High-priced, high-power super cars; a Tesla rival

NEW YORK (AP) — Thursday at the New York International Auto Show was a day for automakers that sell to the wealthiest of car buyers to show their high-powered stuff. Prices for these cars range from hundreds of thousands of dollars to the millions. A potential competitor for Tesla also made its auto show debut with an electric sedan.

VW US chief says sales will recover, announces new SUV

NEW YORK (AP) — Volkswagen of America's CEO says he's confident the brand's sales will recover from a diesel emissions cheating scandal as it rolls out new SUVs for the U.S.

NATIONAL/INTERNATIONAL BUSINESS

J.C. Penney delays closing of 138 stores by several weeks

NEW YORK (AP) — J.C. Penney says it is delaying the closure of 138 stores by several weeks to take advantage of better-than-expected sales at those locations.

Facebook targets 30,000 fake France accounts before election

PARIS (AP) — Facebook says it has targeted 30,000 fake accounts linked to France ahead of the country's presidential election, as part of a worldwide effort against misinformation.

Asian markets fall as investors fret over tensions in Koreas

SEOUL, South Korea (AP) — Asian shares fell Friday as investors fretted over rising geopolitical tensions, especially the situation on the Korean Peninsula. Many markets around the world were closed for Good Friday holidays.

US retail sales fall in March, second straight monthly drop

WASHINGTON (AP) — Americans pulled back on their spending at auto dealers and restaurants in March, causing retail sales to drop despite signs of a healthy job market.

Consumer prices down 0.3 percent in March

WASHINGTON (AP) — Consumer prices fell in March by the largest amount in more than two years, pushed lower by another sharp decline in the price of gasoline and other energy products.

Lawyer: Dragged passenger will need reconstructive surgery

CHICAGO (AP) — United Airlines and the city of Chicago may find themselves the target of lawsuits by the man who was dragged off a United plane in Chicago last week after refusing to give up his seat.

Deadline for filing tax returns is Tuesday this year

WASHINGTON (AP) — Hey, procrastinators: Don't freak out if you haven't finished your taxes. The IRS is giving you a reprieve until Tuesday.

Buffett foundation unveils $90M plan to help girls of color

NEW YORK (AP) — In the 15-year existence of her girls' empowerment organization, Joanne Smith has dealt with funders and donors but never quite like this: a foundation putting $90 million toward helping girls of color by letting them determine their needs instead of being told what the funds have to be used for.

Pork producer's venture aims to grow skin, organs for humans

SMITHFIELD, Va. (AP) — The world's largest pork producer is entering the business of trying to grow skin and organs for humans.

Lawyer: Dragged passenger 'poster child' for airline abuses

CHICAGO (AP) — Dr. David Dao was trying to return home from a California vacation with his wife when he refused to give up his seat to an airline crew member on a full United Express flight.

Be careful if you're betting tax changes will boost stocks

NEW YORK (AP) — Investors have pinned high hopes on President Donald Trump's tax reform proposals, and that's one of the reasons stocks have soared since Trump's election in November.

US wholesale inflation slid in March as energy prices fell

WASHINGTON (AP) — Inflation at the wholesale level slid last month, pulled down by plummeting energy prices.

Teachers cash in, big time, by putting lessons up for sale

Miss Kindergarten is in the million-dollar club. So are Lovin Lit, the Moffatt Girls and about a dozen other teacher-entrepreneurs who are spinning reading, math, science and social studies into gold by selling their lesson plans online to fellow teachers around the world.

NATIONAL POLITICS

Trump declares US-Russia relations may be at 'all-time low'

WASHINGTON (AP) — Laying bare deep and dangerous divisions on Syria and other issues, President Donald Trump declared that U.S. relations with Russia "may be at an all-time low." His top diplomat offered a similarly grim assessment from the other side of the globe after meeting with Russian President Vladimir Putin in Moscow.

Trump boasts of hiring only the best, but picks haunt him

WASHINGTON (AP) — President Donald Trump likes to boast that he hires only the best people. But his personnel choices keep coming back to haunt him.