I was reading an article in the Daily News about Memphis as an investor Mecca, because rental properties thrive in tough economic times. This may be especially true for single family houses, since families who may have lost their homes would probably tend to rent houses rather than moving to apartments or other multi-family buildings. […]
Memphis area real estate sales – January 2011
The Memphis Area Association of Realtors® has released home sales numbers for January, 2011. Total unit sales showed a 1.4% decrease from 2010, with media sales price dropping 9.7% to $83,500 Of the total 960 sales, 924 were existing homes; 36 were new construction. 664 were non-bank sales; 296 (30.8%) were bank sales. (note: “Bank sales” […]
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Memphis area home prices trending up
Are home prices in the Memphis area recovering? Can we expect an uptrend in coming months and years? According to a Forbes-MSNBC piece Where Home Prices will Rise, Fall Most in ’11, Memphis ranks 4th among markets where prices will rise in 2011, with a projected 3.2% average year over year increase in property values. […]
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