According to a new RealtyTrac report, foreclosures are declining in the Memphis area. As far as foreclosures go locally, they seem to have dropped in occurrence by 34 percent from 2010-2011. By December 2011, foreclosures were at their lowest level in 49 months.
As a whole, Tennessee has 13,562 foreclosed homes on the market. Tennessee is ranked below the national average, where 1 in 634 houses file for foreclosure. In Tennessee, it’s 1 in every 885 homes.
The Memphis movers hope that our city and state keep on the upside of US foreclosures. Currently, the highest foreclosure rates are in California, Nevada and Arizona.
In a recent report by CNBC, Memphis ranked as the second-least expensive city in the United States out of urban areas. Data was gathered from 309 urban places throughout the US on topics such as housing, groceries, utilities, transportation and other factors.
Which city beat Memphis? Harlingen, Texas. Last year, Memphis was recognized by Bloomberg Businessweek as the #18th most fun and affordable cities in the US. The Memphis movers love the Memphis culture, nightlife, and lifestyle–and we think you will too! Come enjoy the perks of a big city without the price tag.
For 2011, housing market reports showed that the Memphis, Tennessee area has had an increase in mortgage applications. The steady pace of building and buying in Memphis makes it the exception to the rule, where many metro areas are burdened with overbuilding and vacancies.
Thanks to a healthy local economy filled with transportation and distribution, as well as the airline industry and a bustling music scene that make Memphis a city that seems to have gotten a lot right when other cities were (and are) floundering.
Interested in moving to Memphis? Strike while the iron is hot! With the surplus shrinking, many parts of Memphis are already started to but more value in their homes and increase sales prices. Check with your friendly Memphis movers and we’ll help guide you through the process. Call today!
Today, sixth graders from The Wilson School in Clayton are enjoying the day off of school in observance of Martin Luther King Day. Your Memphis moving professionals are sure that the kids are enjoying the extended weekend, but these particular sixth graders will surely be paying their respects to the late MLK following a field trip to the Civil Rights Museum. Wilson students visited what was once the Lorraine Motel where Martin Luther King Jr. was assassinated in 1968. Kids were awestruck during the field trip, especially as King’s famous “I See the Promise Land” speech was played on a portable stereo while students gathered below the front porch of room 306 (the sight of King’s assassination.) Your Memphis relocation specialists are glad The Wilson School of Clayton’s sixth graders were able to truly appreciate the meaning of today’s observance. These students definitely earned the day off of school today if you ask your Memphis area movers!
A Memphis non-profit is offering free membership for local citizens who want to help enforce the importance of kindness. The Kindness Revolution teams up with local school programs and sporting events to promote goodwill and citizenship. Anti-bullying is one of its platforms.
The Memphis movers want to encourage everyone to get involved in this great organization that seeks to turn Memphis citizens into optimal charitable and kind people. Benefits include discounts at movies and restaurants, retail stores, auto repair and more. Become a part of the Memphis community by spreading the act of kindness!
Memphis housing development Warren Apartments has had a bit of an unfortunate situation in the past few days—a sewage spill. The South Memphis complex has residents saying the problem has existed for years, but lately the public housing (read: rent-free) complex has a distinct problem. Other than the smell and the overall turn-off of sewage bubbling up from the ground, there is a strong concern for health. With children playing outside and in surrounding yards, who’s to say they aren’t playing in filth?
The Memphis movers agree with the tenants—just because they live in public housing does not mean they have to live in sewage. Garbage and other flushed away items are such a normal sight at the complex, that children actually play with the wadded up toilet paper
The Sterick Building has been a stately and significant building in downtown Memphis for decades. However, that changed about 20 years ago. The building reigned as the tallest and most popular back in the 1930s-1950s, and its future is uncertain.
The Downtown Memphis Commission has made the building a focus—trying to revamp the decrepit and vacant building and to inject it with some downtown Memphis life again. Graffiti, debris, and broken windows are nothing new here. While it isn’t condemned, it isn’t available for occupancy either. Specifically, the building has been vacant since 1986.
The Memphis movers will stay tuned as developments regarding the building come to light. With 13 years left on the lease, one begs to know if remodeling will take place, or if the building will be demolished all together.
The Home Builders Association of Memphis has seen significant developments throughout 2011 that lend hope to the notion that the local real estate market is on the path to a sort of revival. Developments, new construction, house presales, and remodeling were all occurrences in Memphis residential areas that, months ago, seemed unlikely to occur again.
While the numbers for construction and real estate aren’t near what they were prior to the recession, the signs that the market is moving in a positive direction are faintly there. Prices for homes are low, mortgage rates are even lower. Home sales are improving, but with lower costs the justification of sales is less straightforward. Membership in the realtors association has dropped as well—down to 3,825 from 5,400.
Your Memphis movers are optimistic that 2012 will bring luck and successes to the area, and also to the rest of the country.