Archive for the ‘Memphis moving company’ Category
A recent report by RealtyTrac, Inc. has shared that the Memphis area is one of the best regions for investors looking to purchase homes as rental investment properties. The Top 20 list features Memphis, seven Florida cities, and 12 other metros nationwide. The Memphis movers have found specific data pertaining to our metro as we have the top position on the list, with median prices at $72,605 for a three bedroom home and an average rental rate of $1,047 for a home of the same specs.
The data was compiled by examining predicted cash flow thanks to capitalization rates, rental rates and home prices. Occupancy rates for the included regions were not a factor used to determine a market’s overall ranking.
The report also shares that rental investments were a popular aspect of the 2012 real estate market, but there are still plenty of properties to be snatched up by interested investors at quite reasonable prices.
A new dining option will be coming to the popular downtown Memphis area, according to reports by BizJournals. A famed dining place from nearby New Orleans called DeJaVu will be opening a location in downtown Memphis next month. An existing location is already here in Memphis, located at 936 Florida Street, and the soul food/vegetarian restaurant will open the second location at 51 S. Main Street.
The Germantown movers have found that the new location will encompass 4,000 square feet–a huge jump from the existing Memphis location that contains about 1,200 square feet. It is planned to seat 85 guests indoors and have an additional 20 seats on the patio. Employment opportunities will be open for about 20-25 new employees. The other Memphis location employs about 10 people. Additional proposed plans have discussed adding an area for the brand’s growing catering business.
The hopes are high for the Memphis area community banks who have placed a lot of faith in the real estate market and the mortgage arena. Community banks in the Memphis metro area have taken the recent real estate trends as an upturn for the local real estate industry. Low interest rates, residential gains, and lower lending competitors have created an ideal platform for smaller, independently owned community banks to offer desirable mortgage rates for local residents wishing to buy in Memphis.
The Germantown movers have found that banks who were once predominantly signing auto loans are now reaching into the mortgage arena, such as Independent Bank of Memphis, who aims to become one of the top 10 mortgage originators in the area. As long as the consumer confidence remains high, it should be a positive year for the Memphis area real estate market.
January was a fruitful month for residential realtors in the area, according to a report produced by the Memphis Area Association of Realtors. Final numbers showed an increase over January 2012 homes in January 2013 by about 46 percent. A total volume of 1,259 homes were sold in January at a median price of $88,000, which marks a rise in median pricing by 17 percent from 2012.
The average sales price also grew in the region, with monthly sales volume rising significantly–57 percent over last year! Even as recently as December 2012 there has been growth, with figures rising 9 percent over the 1 month period. The Germantown movers have found that existing sales specifically felt quite a significant surge of growth on their own, with existing sales showing 50 percent growth in sales volume compared to January 2012–impressive! Neighborhoods seeing the benefit and boost in sales have been targeted as: East Memphis, Downtown, Frayser, Cordova, Germantown, Arlington, Millingon, and Parkway Village/Oakhaven.
Lately, Memphis news outlets have reported fires and other household distress in the area. Here at the Memphis movers, we wanted to share a few tips on preventing a fire in your home, which could spread and incinerate your belongings in a matter of seconds. Preparation is key, and we want to make sure you are informed on how to react in the face of a home emergency such as a fire. Smoke alarms and a fire extinguisher are important tools to utilize, but it’s also good to know what sources can cause fires and how to prevent them.
Cooking-related fires. Cooking in the kitchen is a common source of house fires. Whatever you have on the stove or in the oven needs your attention, because neglecting the food and remembering it later only to come upon a fire in your kitchen is certainly less than ideal.
Heaters catching fire. Electric space heaters and heating units that get within a close distance of linens and curtains can also be a source of house fire. Be sure to place heaters with at least 3 feet of space on each side of the unit from any obstructions. Also, each season you should have your HVAC inspected to make sure there are no leaks, loose cables, or other endangering items.
Smoking indoors. Smoking is a bad habit in its own right, but smoking inside is a common cause of house fires. If you must smoke, go outside.
Electrical fires. One of the hardest to put out and to spot in its early stages is in electrical fire. Overloading circuits is a common way to short circuit your home, and frayed or deteriorated cables can be a source of electrical spark that can ignite with flammable surfaces. Make sure cords are in good shape.
Candles. We all love candles, but leaving them lit when you aren’t home or in another room can lead to a house fire. Consider purchasing battery operated candles or make sure you blow out candles when you leave the room.
The Memphis Area Association of Realtors has reported that total sales for the region have increased for 9 out of the 10 months. The economy and local real estate market are poised for success and better times ahead, according to industry insiders in the Memphis market. Concerns for the well being of the industry have to do with potential banking regulations that would stifle the mortgage market. A proposed Basel III provision would make lending extremely expensive for homeowners, despite low interest rates.
The Memphis movers are hopeful that the expert opinions about an improving market are on point. The market is still in a state of recovery, and also susceptible to floundering again. We hope the rest of 2012 and into next year is fruitful for the local economy.
According to figures shared by the Memphis City Council this week, the amount of foreclosures in our area has continued to rise at about the same pace as the second quarter of 2012. The Memphis movers have confirmed there was 965 foreclosures in the area from July to September of this year, up from 932 foreclosures during the same time frame of 2011.
The prevalence of vacant properties and poverty in Memphis are both strong contributors to the state of the real estate industry. It is estimated that 160,000 people in Memphis are living in poverty, and the unemployment rate is at 8.9 percent. The number of filings is a 4 percent increase for the year, which is certainly not something to be taken lightly. To resolve the poverty and work on unemployment would be crucial in recovering the housing market.
Shelby County has posted positive numbers for home sales in the third quarter, according to real estate reporting company Chandler Reports. Shelby County saw 4,176 homes sell from July 1-September 30–a figure that’s up from 3,556 homes in 2011 at the same increment. So far for 2012, a total of 16 percent more homes then sold to this point in 2011. The Memphis movers are optimistic that buyer confidence is picking up again, and that the economy and added jobs are fueling home buying desires. Home prices and total revenue are also both up in comparison to 2011.
The highest activity was generated this past quarter by Collierville county. Our of Memphis neighborhoods, Germantown East performed the best. The only area under-performing in the region is new home construction sales, where the change year over year was relatively flat.
Memphis employer Logical Systems, LLC is planning to consolidate their locations into one 30,297 square foot building in Memphis, at 2756 Appling Center Cove to be exact. Along with the consolidation, 14 new jobs will be added. The Memphis movers have decided to research this corporate change and also find out more about the specific positions that are underway.
The company currently has three offices totaling 11,000 square feet, and the move would allow for all operations under one much larger roof.The company is buying the property for $1.17 million and will spend about $800,000 for improvements and remodeling.
The new positions will pay around $90,000. They will add to the company’s existing 58 employees.
Utah based SkyWest Airlines is expected to lay off almost two dozen employees this fall according to a report by the Tennessee Department of Labor and Workforce Development–however, they will transfer employers rather than see unemployment. Delta Air Lines has a unit they manage called the DAL Global Services LLC, and they will be taking over ground operations for the Utah airline.
The Memphis movers have learned that SkyWest handles nine regional flights for Delta and three regional flights for United Airlines out of the Memphis hub. Those Delta flights will now be transferred to DAL Global Services.