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Hot on the heels of a report that revealed the dire state of many rental properties in the area, there has been a wave of inspectors fanning throughout the local neighborhoods entering rental properties and inspecting for health code violations, among other problems. Random inspections are not going to be announced but will be during the normal operation hours of the city of Memphis. Code enforcement is something that has fallen lax in recent times as there haven’t been many complaints from tenants, who likely direct any complaints they do have to their landlords. However, in a recent report, Memphis ranked at the rock bottom of a study by the National Center for Healthy Housing, placing dead last among the 45 included metro areas.

Moving to a rental property in Memphis certainly has some cautionary tales, such as mice, mold, water leakage, roof issues, and other health and safety hazards that can deem a home as unlivable. Communities, local housing authorities, property managers and individuals need to be aware of these housing issues. They end up costing us in the form of an array of health problems, including asthma, lead poisoning and cancer. These environmental-related diseases are estimated to cost the U.S. $70 billion a year.  The good news is that relatively simple repairs can correct many problems. The inspections will be a beneficial process that will help enhance the quality of living for renters throughout Memphis and beyond.

The real estate market in Memphis is certainly a mixed bag, and while residential sales are up for the year, one area where the real estate has given way is in permits for new construction. Builders filed just under 200 permits in the third quarter within Shelby County, which is a decrease from the 229 of the same time in 2012. That results in a fourteen percent decrease from 2012 to 2013, and that isn’t the only way they decreased—the size of the homes that were being proposed is 1.5 percent smaller than the homes applying for permits in 2012.

The Germantown local movers have found that there is a variety of reasons why prospective builders are deciding to build slightly smaller and in fewer amounts. For one, many of the lots that are sitting undeveloped are scarce, and those who have some of the available land are not necessarily in a huge hurry to build something just for the sake of building. Additionally, continued worries about the economy, the government shutdown, budget battles and the Affordable Care Act have encouraged builders and developers to temporarily pause and see what effect it has on the economy, both locally and nationally.

Year to date, home builders have pulled 681 permits, down 2.6 percent from the 699 permits pulled in the first nine months of 2012, according to Chandler Reports. Builders have sold 604 homes thus far in the year, up 5 percent from the 574 sold in 2012.

The housing market in Tennessee’s Shelby County is growing significantly as the months go by, with the latest proof in the third quarter findings which show there are double-digit increases in many key real estate areas compared to the same time in 2012. The Collierville movers have found that the local market is definitely strengthening, and the data backs that belief. Almost 4,700 homes sold in the third quarter, which is a 12 percent increase from 4,176.  Total sales volume was also up 12 percent from last year with $682.8 million in sales. And sales price? That rose 11 percent to an average of $131,615.

So far this year, Shelby County has reported almost 13,000 homes for sale—which is a 10 percent gain over the same length of time in 2012. Total sales went up to $1.68 billion, which is a 22 percent gain. As we close out 2013, inventory is undeniably tight for new prospective buyers, and interest rates remain at consistently low levels. If you are debating a home purchase in Memphis, we highly recommend that you go ahead and go for it! Collierville is leading within the county with the highest amount of sales, as well as the highest revenue.

The number of existing home sales increased 13 percent, to 4,475 in the third quarter from 3,961 in 2012. The average sales price for an existing home in the third quarter was $139,943, up 12 percent from $125,011 last year. New home sales totaled 211 in the third quarter, down 2 percent from 215 over the same period last year. The average sales price for a new home was $267,836, up 6 percent from $253,272 last year.

Following the real estate market crash, it was a common sight to see homes foreclosed, sitting abandoned, stripped of appliances, and with boarded up windows. In some areas, investors have come in and rehabbed these houses to bring new life back into these neighborhoods that have fallen into blight. In Memphis, however, there are still many properties that are in need of help. The Memphis movers have found that neighborhoods can have entire rows of houses with boarded up windows, a problem that contributes to increases in squatters, drug use, violence, and also brings down the value of surrounding homes and neighborhoods.

Since 2006, Memphis police have boarded up over 250 homes throughout the metro area following undercover investigations and other efforts focused on reducing crime in the city, but that’s a miniscule amount compared to the 80,000 abandoned homes throughout Memphis. Empty buildings, boarded up homes, and overgrown lots are all eyesores that keep growing in the area.

Cleaning up some of these lots is an essential step in trying to sell them, or to having the community revamp them as public spaces such as community gardens. Currently, there is a $7 million budget for blight mitigation, an issue that Mayor Wharton finds crucial to the growth and strengthening of the community.

According to a new report by Kiplinger’s, Memphis is ranked number 7 among other big cities like Dallas, Texas and Las Vegas, Nevada throughout the nation as ideal places for renters to live well. The average rent in Memphis is about $711, which is quite affordable compared to other nationwide markets. This is arguably quite affordable for being a big city like Memphis. These rental rates are averaged out by homes and apartments in the area. Memphis is an area with a diverse population and cultural activities, and it is also a thriving business scene.

The Memphis local movers have found that the livability in Memphis is certainly desirable for both families and individuals and it is incredibly affordable if you are looking to rent a home or an apartment in the Memphis metro area. Memphis is touted as a big city without big city prices, and the cost of living is 15.3 percent below the national average. Also, the living experience in Memphis is a great one, and commuters spend about 23 minutes in the car, which is 6 percent below the national average.

This month marks the second annual Best Memphis Burger Fest, which will be held September 22, 2013 at the Minglewood Hall on 1555 Madison Avenue. The festival will run all day long, from 10:30am to 6pm. The event will have live music, eating challenges for attendees and a variety of burger creations from some of the best local burger restaurants and chefs. Last year’s burger was a NY strip and short rib blended patty with a fried egg, avocado, and Benton’s bacon.

In addition to sampling burgers from around the Memphis area, there will be burger crowned BEST among them all, based on votes from the official event judges. While the Burger Fest is a free event, a $5 donation is appreciated at the entry, and it will benefit the Mid-South Spay & Neuter Services. The Memphis movers have learned there will be 27 teams competing this year for best burger, so come out and sample some of the best grilled goodness that he Mid-South has to offer. Vegetarian burgers will also be at the event, and a Best Veggie Burger category means the entries will be delicious as they vie for the top spot.

August was a strong month for real estate residential sales in Shelby County, netting 1,709 home sales in August, which is up 15 percent from the 1,483 sales in August 2012. The data was compiled and shared by Chandler Reports, a real estate reporting firm. The number of home sales this August also grew from July’s numbers, which were 1,695 homes sold. Rising prices and interest rates have pushed fair-weather sellers to put their homes on the market, and prospective buyers are anxious to take advantage of still-competitive pricing and still-low mortgage rates.

Inventory is continually tightening up in the improving market, so individual sales are a welcome addition to the already competitive market. Owners who are above water have been considering selling homes to add to the tight market, and homeowners who are underwater are forced to hold on to their homes, keeping the low inventory market tightly under wraps. The highest increases in the county were in Collierville, where there were 106 sales, and a total sales volume $32.6 million. The highest average sales price was $3379,526, which was the average in Germantown East. The Collierville local movers have found that despite still being in the midst of a recovery, Memphis and surrounding areas in Shelby County are growing in the right direction, and 24 of the 33 zip codes in the county showed sales increases for August.

Building activity was relatively flat in August 2013, but there were slightly more permits filed for new construction projects compared to August 2012. The exact percentage leap from the month over month permit filing was 9 percent. The average permit in August was a little smaller than the ones filed in August 2012, and the August amount of permits was about 7 percent less than July 2013 permits. Despite the small gain, the monthly amount puts the Memphis area closer to the 1000 permit mark, which industry insiders feel the county can hit before the year ends. This will be the first time since 2007 that many permits were filed, if so.

The Memphis local movers have found that home builders did not sell as many homes in August as they did last year. The year to date thus far is at 629 permits, which is slightly higher than the 2012 number of 618 permits. There is still a limited supply, which is good for the market because it keeps a tight ship as far as what is available and what comes next for new construction. Memphis is certainly an area that can benefit from new construction, and the limited supply can benefit from a few new developments to liven up the market availability.

Residential real estate has taken a swift turn back into the land of the living, thanks to a building boom of new construction. Suburbs are growing on the outskirts of Memphis and particularly growing in the Arlington area. Kensington, a suburb inside of Arlington, is an example of the booming construction rebirth. Despite laying dormant for years, the development is finally putting up homes and building new properties. The Arlington local movers have also found that our area has been named as one of the fastest growing communities in Tennessee.

Before the homes were beginning in the area, the development was mostly cleared land ready for construction and roads paved that led to nowhere in particular. Property values across Shelby County are rising and that trend has led to more home sales, more development, and more home building.

The University of Memphis has increased enrollment for the pending school year, and in conjunction with a larger student population comes the need for more student housing options. Currently, there are several projects underway to offer additional new housing for students moving to the area. One complex is the $9.35 million four-story development just across from campus, and another complex that will be officially part of the University of Memphis which will cost $43.5 million.

The abandoned Highland Row area might undergo revitalization as well as the need for quality apartments continues to grow. The Memphis student movers have learned that last month, the state proposed a complex that would encompass several blocks, including Highland Row, for residential and retail tenants.