As we move into the 4th Quarter, many prospective home buyers are beginning to realize some important facts about the Memphis market: 1. Prices haven’t tumbled. Many, many homes have had prices reduced, and in the areas I monitor a number of listings expire and are not renewed. This indicates that sellers would rather hold […]

Whether you are buying a home or selling one, a home inspection is an essential part of the process. It may identify the need for major repairs or uncover builder oversights, as well as highlight the importance of maintenance tokeep the home in good shape. The inspection typically will takeplace after the contract or purchase […]

The news keeps trumpeting the soft housing market: “Worst slump in 16 years,” “July sales down 10%,” “Fewer buyers qualifying for loans,”………. I have predicted a shake out for a while now, and while we agents constantly portray the bright side of real estate, when the going gets tough, the cynics get going.Here are 2 […]

One of the early lessons for the real estate agent is that the Market (not the property seller, or agent) determines the price of a property. The market spoke, albeit softly, today at the much touted auction of units at the Park Terrace Condos, across Poplar from Overton Park. The promised absolute auction of 9 […]

The Memphis Area Association of REALTORS (MAAR) has taken a proactive step to deal with the mixed messages consumers are receiving about the stability of the real estate industry nationally and the associated effect on the Memphis area Market.MAAR has initiated a multi-media campaign which includes advertising, press releases and information stressing the postives of […]

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 […]

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 […]

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 […]