The Memphis Area Association of Realtors has reported that total sales for the region have increased for 9 out of the 10 months. The economy and local real estate market are poised for success and better times ahead, according to industry insiders in the Memphis market. Concerns for the well being of the industry have to do with potential banking regulations that would stifle the mortgage market. A proposed Basel III provision would make lending extremely expensive for homeowners, despite low interest rates.

The Memphis movers are hopeful that the expert opinions about an improving market are on point. The market is still in a state of recovery, and also susceptible to floundering again. We hope the rest of 2012 and into next year is fruitful for the local economy.