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 […]

Seeing more For Sale Signs? Well maybe not yet, but you will notice more once the visual overload of the political campaign signs come down in a week or so. Inventories of homes continue to grow, and few buyers out there are looking for good deals. Competition is about to accelerate. For many home sellers […]

More in other real estate markets than in this market, we hear the term absorption rate used as an indicator of market strength. The absorption rate is simply the number of units sold in a given period in a given area, ie: in the last year, x units were sold in zip 38104. To look […]