Memphis Real Estate Market Sales Down

An article in today’s Wall Street Journal talked about the worst Real Estate glut since the 1980’s. I have attached the article for your review in the link above. If you continue to read on. You will note that some experts are predicting 2009 for the market to bottom out. They have several reasons to blame the causes but I see the biggest reason to be the freewheeling loans that took place in the last five years.


Looking at Memphis Area Association of Realtor's Septembers numbers below, it shows that the Memphis market sales dropped 25% as compared to last year’s September's sales. Timing is everything and the market is prime to get involved as an investor. We are seeing median price sales figures compare to the 2001 median prices. Please go to my Website and contact me to discuss your options further.

YouTube Ride on a Real Estate Roller Coaster

Found this on youtube this morning, thought I would share it with you. How far will the next drop be is the big question? Watch it and give me your opinion.

Real Estate in Memphis is a whole different ride with very little drops as compared to the Coastal states.

Lenders Continue to Change Policies

An article posted in today’s Wall Street Journal discussed the rise in delinquency rates and how it is affecting or changing policies for the lending industry. The article was written to talk about certain counties with rising delinquency rates coupled with depreciating property values to tighten restrictions on specific loans.

What was interesting in the article was that Tennessee was ranked 10th in the country in late payments. The article did not state that the Shelby County was the reason Tennessee was so high, but is has been mentioned in previous stories that Shelby County is the highest county in the state with delinquencies.

The full story can be read in today’s Wall Street Journal.

Tools for working the numbers!

Everytime you run the numbers does it comes up different?

We can help! I would like to remind all investors and feature investors that we at www.MemphisTNRealEstate.com have the tools to help you run the numbers and make decisons based on factual numbers. Technology is alot easier with spreadsheets than doing it the old fashion way with a calculator and pen. Here are a couple of tools you will want to help you cruise the the numbers faster.

1. We have an Amorization Schedule so that you can find out what your P&I payment will be.
2. Investment Forecast to help you determine CAP rates, Cash on Cash, Etc.....

Please feel free to call or e-mail me with any questions and we would be happy to send you what I have.

New Investors Web Site Coming Soon

I am putting together a new website that will allow investors to quickly identify occupied rentals in the memphis real estate market. This site will easily be accessed by a link through my Website .

The website will show rented properties available along with properties that have been rehabbed and that need to be rehabbed.

The website will allow access to tools that will help clients determined ther Cash on Cash return and to see what ther Equity Build Up will look like over the next five years.

We should launch this website in the next 30 days.

Memphis Is #6 in the Country for Investing!

Posted in the Memphis Business Journal on Sept 28, 2007

Memphis ranked No. 6 on the list of the best cities for real estate investments.

Business 2.0 worked with Moody's Economy.com to identify 10 cities that have "just about hit rock bottom -- and offer opportunities for savvy investors to get in while the getting's good," the magazine wrote.

Memphis' projected median sales price for a single-family home in the first quarter of 2008 is $143,550, and $150,730 in the fourth quarter of 2009.

"Memphis' housing market should hit bottom within the next few months, and the average home bought in 2003 still managed to sell for 12 percent more last year," according to Business 2.0. "Even better, prices have held steady this year, although the average number of days that homes sit on the market has grown larger."

The PMI Risk Index ranks Memphis as one of the nation's least vulnerable markets and a survey by Global Insight and National City Corp. has listed Memphis as one of the most undervalued markets in the country, according to Business 2.0.

Dallas-Fort Worth topped the Business 2.0 survey, followed by Indianapolis, New Orleans, Atlanta and Montgomery, Ala.