Last Week (January 20, 2010) FHA announced policy changes that will impact home buyers beginning in April, 2010, raising costs associated with FHA loans. So, If you are in the market for a home now, and you are planning on using FHA financing, you can save yourself some money by closing before April. Talk with […]
So you want to buy a Short Sale?
Second only to Foreclosures, Short Sales create a lot of buzz among investors and home buyers looking for the almighty good deal. A short sale is a property that is sold for less than is owed on it. Pretty simple concept: you bought a house for $200,000 in 2004, with 10% down. Over the years […]
November 2009 Memphis Real Estate sales stats
Residential sales units were up 8.1% for November , 2009, compared to 2008 for a total of 1147 sales as reported by the Memphis Area Association of Realtors Home Sales Report. Year to date sales remain significantly below (-13.7%) 2008 numbers. It will take a couple of months for the spike, caused by first time […]
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