Once again Memphis has been named the Number 1 city for foreclosure bargains, the Commercial Appeal reports. This should send new throngs of out-of-town investors scoping the area for new bargains. I guess Memphis is just a rental house kind of town. According to the CA article, “He [Jim Reedy of Memphis Investment Properties] also […]
3 reasons we don’t need another home buyer tax credit
Soon after HUD Secretary Shaun Donovan dropped the hint, in a CNN interview, that there might be another home buyer tax credit on the horizon, the Calculated Risk Blog posted the thoughts of economist Tom Lawler, that rumors of of another credit would hurt the struggling real estate market by causing buyers to hesitate, or […]
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Is your agent doing real estate as a second job?
In the ever-changing world of real estate, it seems that more and more real estate “professionals” are taking additional jobs to supplement their incomes. It’s hard to give up those big bucks you make when you finally get a deal to the closing table. In his post on the 1000 Watt Consulting Blog, The whole […]
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Developers and home builders hatch plan to keep their hands in consumers’ pockets
Even as I read articles in black and white from reputable sources about resale charges and transfer fees, I am still in shock and disbelief that anyone could attempt to perpetrate a 99 year gouge on property buyers. The realtor.org daily news updates reports that protest is rising over resale charges, which are transfer fees […]
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Memphis Music and Heritage Festival
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Professional is as professional does
To paraphrase Forrest Gump: Professional is as professional does. This post was triggered by a link Rick Rabideau, a Telivant colleague, emailed me: The front page lead headline of The Journal News - Real estate licenses rise 23 percent, an article about the reasons for increasing numbers of real estate licensees in New York. Of […]
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Real estate ramblings – what’s going on here?
Just a couple of things I have been thinking about this week: 1. On Wednesday I attempted to make showing appointments on 7 houses. I was denied on 3 of them because the showing was not convenient to the seller. On 2 that I showed, there were spider webs in the keypad area of the […]
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Midtown price and days on market rollercoaster
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 […]
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