Recent Publications

  • THDA Mortgage Report: Calendar Year 2024

    The high mortgage rates of 2023 strained housing markets and slowed down home sales, and the expectation that the Federal Reserve Bank would cut interest rates in 2024 did not manifest. Unexpectedly, 2024 ushered in fluctuating mortgage rates that created widespread uncertainty in the broader housing market. THDA’s Great Choice

    VIEW DETAILS
  • 2023 Home Loan Trends in Tennessee (using HMDA Data)

    This report offers a comprehensive analysis of data collected as a part of the Home Mortgage Disclosure Act. The 2023 market was characterized by a significant decline in refinance lending and a marked reduction in home purchase loan origination, primarily attributed to elevated home prices and interest rates. The overall

    VIEW DETAILS
  • 2023 Investments and Impacts Report

    This report develops a comprehensive framework to estimate the economic impact of THDA activities in providing safe, sound, affordable housing options to households of low- and moderate-income. We reviewed THDA programs, including loans and grants to determine the scope and monetary flows of each program’s activities.

    VIEW DETAILS
  • An Analysis of Investor Purchases of Single-Family Homes in Davidson County, 2018-2022

    Nationally, the phenomenon of investor purchases of single-family homes has received great attention. This research note explores the extent of this phenomenon within Davidson County utilizing data from the Davidson County Assessor’s Office on home sales from 2018 – 2022.

    VIEW DETAILS
  • 50 Years of THDA’s Single Family Homeownership Program

    Financing mortgages for first-time homebuyers of moderate/middle incomes, primarily, was the founding purpose of the Tennessee Housing Development Agency and it remains our principal business. Since we financed the first THDA mortgage loan in 1974, we have financed over $10 billion in mortgages and helped over 134,000 Tennessee households acquire

    VIEW DETAILS
  • 2023 Tennessee Housing Market at a Glance

    Safe, sound, affordable housing options are essential for Tennesseans’ quality of life, including expanded education opportunities, stronger health outcomes, and increased economic mobility. In the four years since the release of the last Housing Market at a Glance Report, Tennessee has experienced a great deal of change in how and…

    VIEW DETAILS
  • Mortgage Costs by Race/Ethnicity in Tennessee: Analysis from 2018-2021 HMDA Data

    This brief utilizes HMDA data from 2018 to 2021 to better understand how the costs of mortgages as measured by interest rates, rate spread, high-priced mortgages, and total loan costs have changed over this period and how they vary for borrowers of different racial and ethnic backgrounds. We find that…

    VIEW DETAILS
  • Refinance Loan Trends in Tennessee: Analysis from 2018-2021 HMDA Data

    This brief utilizes HMDA data from 2018 to 2021 to better understand how refinance loans were utilized by Tennesseans before and during the COVID-19 pandemic. Despite the benefits of refinancing one’s mortgage, we find that, in Tennessee, refinance loan originations were significantly lower for Black and low or moderate income…

    VIEW DETAILS