As the market still struggles to regain stability after the housing crash in 2008, some markets are still geared towards investors due to the large amount of homes priced affordably for flipping and selling or for retaining as rental properties. The Memphis real estate market is one of these strong markets, according to Realty Biz News, which shares that the area still boasts inventory priced well below the national average, and the market has remained relatively stable thanks to a strong local job market. As of recent years, FedEx, AutoZone, and International Paper, along with other Fortune 1000 companies that utilize the central location of Memphis that benefits from railroads, highways, the Mississippi River, and the international airport.
In addition, Memphis is a large banking center, and it is also home to major science and technology businesses. Many investors from outside the state and from foreign countries are making the move to invest in Memphis while this real estate market is still very attractive. The money is coming from everywhere but is most notably from California and New York. Among the reasons is that Memphis is 19th largest city in the United States and the 3rd largest in the Southeast. With its diverse and strong economy, it continues to attract new people to the city and suburbs. Of course, that means more renters for investors.
Buying a home in Memphis is a smart move, as recent reports have shown that trends over the past few years have helped Memphis see property value appreciation to the level that Memphis is the top market for growth from 2011 to today, and future increases are predicted at 18.8 percent over the next few years.