A couple of interesting charts from Altos Research looking at changes in Median Sales Price (darker line, indexed in the left column) and Average Days on the Market (orange line, indexed by days in the right column), for the prominent Midtown Memphis zips, 38104 and 38112 Well, we can say that days on the market […]
Trustee Deeds are not comps!
Trustee Deeds are not comps! Foreclosure auctions are generally held on the courthouse steps at a designated time. The mortgage holder will set the starting bid, usually the amount owed on the mortgage. If the loan balance is so high that no other bidders are interested, the mortgage holder takes back the property for the […]
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Memphis: June 2010 home sales up from 2009
The Memphis Area Association of REALTORS® (MAAR) reports an 8.5% increase in MLS sales last month compared to June, 2009, with 1152 vs. 1062 residential units. Year to date, the is a 4.2% increase. The June increase was expected due to the time limitation of the homebuyers’ tax credit, which had a closing deadline of […]
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