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Tennessee is topping another list in the nation, this time as one of the top states in the U.S. with residents on disability. The amount of people on disability has doubled in the last 20 years and Tennessee is certainly contributing to that total. For reference, about 5.2 million U.S. citizens were on disability. In 2011, that number increased to 11.7 million.

Tennessee had more than 6.5 percent of working age residents collecting disability, the Germantown movers have learned. In 2011, Tennessee had more than 260,000 residents collecting Social Security between the ages of 18 and 64 by the end of 2011. The disabled residents of Tennessee collected a total of $261.5 million in government funding in December 2011.

Recently, Kiplinger’s posted a slide show of the 10 cheapest U.S. cities to live in, and Memphis was among the locations named. Most of the cities named were located in the South or Southwest, and the ranking locales were chosen based on the Council for Community and Economic Research’s findings on price levels for housing, utilities, transportation, groceries, health care and more. The full list is as follows:

10. Winston-Salem, N.C.

9. Springfield, Ill.

8. Wichita Falls, Texas

7. Pueblo, Colo.

6. Conway, Ark

5. Temple, Texas

4. Fayetteville, Ark

3. McAllen, Texas

2. Memphis, Tenn

1. Harlingen, Texas

The Memphis local movers have found that the #2 position on this list was found because despite it’s big city Southern stature, Memphis doesn’t have big-city sticker prices. Housing costs are the second lowest of the cities named, and you can actually buy a house in Memphis for roughly $100,000 less than the U.S. average. The city is also a center for shipping and transportation and has academic universities throughout the city, as well as three Fortune 500 companies.

TransUnion, a national credit reporting agency, has released data that shared that the national mortgage loan delinquency has declined almost 21 percent from the first quarter of 2012 to the same time period in 2013, with current numbers boasting 4.56 of all borrowers are delinquent on their mortgages. The term delinquency is characterized by a mortgage 60 days or more past due. The Memphis local movers are informed that the industry professionals predict that the declines will continue as the market strengthens throughout the duration of 2013.

While positive gains were hoped for and expected in the mortgage arena, the amount of growth that the nation has seen for mortgage health has far exceeded the expectations of many. We will keep you posted on the state of local real estate as it emerges.

The mortgage lending rate in Shelby County is rising, according to reports by the National Association of Realtors. At April’s Memphis Area Association of Realtors 2013 Residential Real Estate Summit, it was announced that the local real estate economy is picking up and that better days are ahead for the industry. Banks and other lenders made a 2 percent rise in loans from the first quarter of 2012 in terms of new mortgages alone, not factoring in refinances.

The Memphis area movers have found some additional data that shows the strengthening status of the region’s real estate. The monetary amount of mortgages lent are on average 10.9 percent higher than the same time in 2012 and a 13 percent higher in volume. Thus far, total sales are up 7.1 percent over 2012 and the positive data is predicted to continue throughout the duration of the year.

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 future of Beale Street has been a heavily debated issue by the political figures in Memphis. The idea that private entities could purchase Beale Street has been a worry for many because of the economic stimulation that the tourist area provides. Groups such as Elkington’s Performa Entertainment Real Estate and the Downtown Memphis Commission have both expressed interest in obtaining Beale Street. The Olive Branch movers know that Beale Street attracts about 4 million visitors per year, so the ownership is an essential part of predicting the future of the area.

Beale Street is known as Tennessee’s most visited tourist attraction, even past Graceland. The city would like to maintain ownership of the street and also revamp how the street is governed and managed in the future. Part of these discussions will involve what type of musical acts and entertainers come to the area, as well as other events taking place on Beale Street to attract tourism. Read more about the debates and proposed ideas here.

Shelby County is likely to see property taxes rise in 2014, according to recent reports following the County Commission meeting reviewing the Memphis budget and finances. The Memphis movers have found the tax rate in the proposed budget (created by the Mayor and his staff) would raise property tax rates from $4.02 to $4.35 for Memphis residents and $4.06 to $4.39 for non -Memphis residents. The goal is to balance the area budget and offset $52 million in losses from property tax adjustments.

The budget will need additional work however, as the property tax area of the county is not the only area offset. Reports that the education system will be asking for additional funding have been common discussion, with recent totals for funding totaling around $145 million.

The proposed budget is the first step in determining the county funding that will be allotted to various groups for 2014.

The Quality Inn located at 6068 Macon Cove in Northeast Memphis is undergoing new ownership following a real estate transaction that puts Sycamore View Hospitality LLC as the new official owners of the development. Harsha Patel (who bought the property in 2010 for $1.7 million) sold the property to Sycamore for a reported $1.88 million. The Memphis movers have founded the exact location of this Quality Inn is off of Interstate 40 and is situated on 2.21 acres.

The hotel’s construction dates back to 1986, and there have not been any reports as of yet in regards to potential remodeling or updates to the hotel. The current specs of the hotel have a property that rakes in over 56,ooo square feet.

Property values dropping in the Memphis area known as Shelby County has resulted in a drop of all around revenue drops for the region. Appraisal values are calculated and updated in four year intervals, and this year marked the time for Shelby County reappraisals, in addition to Hickory Hill, Whitehaven, and South Memphis residential and commercial properties.

Re-certified property tax rates are reflective of the property appraised within the area, and the findings seem to reflect the lagging recovery to the market fallout of 2008. Lower tax rates on property will be detrimental in the long term because it will amount to a lesser county revenue collection, and it is the first year in quite a while that the county has failed to see either a maintaining of current rates or a growth in property tax. The overall drop in fee collection will amount to approximately 5 percent less revenue for the county. The Germantown movers have learned that the tax rate specifically dropped to $4.02.