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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.

The National Association of Realtors have reason to celebrate as the number of contracts signed by new-home-buyers in the U.S. is at its highest point in over a year and a half! Slowly but surely, the real estate market is showing hope for a nearby recovery, which moving companies nationwide are surely celebrating for obvious reason. The pending home-purchase index has risen nearly 8% from October until now and is about 6% higher than November of 2010. The housing market hasn’t seen numbers this healthy since April last year when a soon-to-expire tax credit stimulated potential buyers. Though the spike in pending contracts does give movers and realtors reason to rejoice, pending contracts are not final, and the National Association of Realtors has also noticed a higher-than-normal percentage of failed contracts as well. Recovery hasn’t fully set in, but it is believed that many of the newer contracts are a result of buyers who have recommitted to previously-voided contracts after repairing the financial issues that caused initial cancelations. Your moving and storage professionals are confident that the housing market will resurface soon, and we can’t wait!

According to real estate information company Chandler Reports, 91% more home permits were filed (compared to last October) by local homebuilders. This past month’s 107 permits were a significant increase from October 2010’s rather dismal 56.

The Memphis movers are excited to see growing faith in the local real estate and new construction industries. The average permit was for a 2,700 square foot home, which runs about $250,000. Local experts and industry professionals say that a recent surge of ready to build & buy customers has been going on for the past 6 months approximately.

If you’re still on the fence about buying or building, be sure to check out the current inventory. Interest rates are still at a historic low, and the opportunities are there for customers ready to take the plunge. Happy moving!

Just in time for the holidays, the Memphis Goodwill is opening a new retail store on Winchester. The retail space will be located at 7114 Winchester Road, and it will occupy the old Best Buy store in the Market shopping center.

The store will open on December 1st, and once the new store opens the old branch on Shelby Drive will be priced at 50% off. The new location will be the 9th Goodwill store in the Memphis area.

The Memphis movers want to remind you that this is the season to give! Rather than throw anything out, you should donate your gently used clothing, furniture, toys and other household items to your nearest Goodwill.

For the fourth consecutive month, home prices have dropped in the Memphis area. The Memphis movers, along with other industry professionals, hope that these falling figures help urge potential buyers to move to the area. Currently, the average listing price for a Memphis home is between $82-101k.

Despite the dropping prices, Forbes magazine actually ranked Memphis #4 on a list of real estate markets expected to raise home prices. If you’re considering a move to Memphis, now is certainly the time! The city is growing and developing, and the central location makes it convenient to travel throughout the United States.

For the fourth consecutive month, home sales in Memphis have gone up in comparison to figures from same months in 2010. This past October, for example, there were 1,073 homes sold–versus last year’s 1,011. Also, the October 2011 figures were slightly up from September 2011, which came in at 1,069 sales.

The average price for homes in the area remained the same as 2010’s median, $121,191. Throughout the county, there were three homes valued greater than $1 million, which was up from 1 home last year. While the real estate market seems to be growing slowly, the Memphis movers hope that things not only continue in the right direction but also begin to really gain momentum.

Today is the first time in thirty-five years that Memphis locals were able to enjoy the seasonal delight of outdoor ice skating. The Memphis Zoo unveiled its 5,400-square-foot rink today which has given many local residents reason to celebrate. Your Memphis movers are cheerful that the ice skating rink has become available to the public; what a fun way to spend a winter afternoon in Memphis with the family? Admission to the zoo plus a six-dollar-ticket equals a fun-filled day of ice skating and entertaining animals in Memphis!

In Memphis, foreclosure rates seem to be increasing in the local metro area, but it’s still lower than the national average foreclosure rates. Local real estate and economy experts feel that the foreclosure rate is closely linked to the lack of job creation.

Basically, until the job market sees jobs created, the foreclosures will not only continue, but possibly increase. The local rate is up to 2.6 percent, and the national average is 3.43. The mortgage delinquency rate, however, showed a decrease–9.16% to 8.73%.

The Memphis movers have faith that the economy can slowly begin to restore itself, and therefore allow for more families to keep their homes. In the meantime, we want to encourage you to exhaust all possible outlets for staying in your home–banks often have counseling programs and with a little research on the internet you may find programs offering financial aid.