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 […]

We have discussed housing absorption rates in previous posts. The “if you build it, they will come” mindset for Downtown Memphis Condo development has created a glut of units available, currently under development, or in the pre-sale stage. The scrapping of the upscale Mirabella Condo Project (prices starting at $600K) may be only the first […]