It’s the time of the year when a candy bar won’t last 15 seconds outdoors, and housing prices are as high in Memphis as the temperature. We just aren’t going to give in to this buyer’s market and let a dramatic correction happen- wouldn’t be the way we genteel Southerners would handle it. Denial has […]
Foreclosures Almost Equal Home Sale Numbers
The title of this post is the shocking lead headline for the February 16-22, 2007 issue of the Memphis Business Journal.The Memphis Area Association of REALTORS. reported 19,738 home sales in the Memphis MSA in 2006, compared with 18,155 foreclosures for 2006. What in the world is going on? The experts reference the large low-to-moderate […]
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Wide Spread Panic, or Just the Chilly Weather
From this agent’s point of view, the market is slooooow. I have mentioned a market turndown for a while, and I hate to be a doom an gloomer, but not many motivated buyers are stepping up to take a bite of the Memphis market’s over-inflated inventory. There are some great properties out there, priced to […]
