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A Massachusetts Investment firm has begun the process of acquiring and developing a Midtown apartment complex for conversions in to quaint 1 and 2-bedroom condos. Peach Properties Real Estate Development LLP of Massachusetts will convert the Watergarden Apartments on Galloway in the historical neighborhood of Evergreen in to upper scale condominium units. The process will start this spring with the first units available in June of 2007. They have plans on offering two-bedroom floor plans with... Read Full Post

2006 Tax Burden and Cost of Living Comparison between Shelby & DeSoto: Research conducted by the Memphis Regional Chamber indicates that it was $3,214 less expensive in 2006 to live in Shelby County than DeSoto County. The comparison is based on $100,000 household income with two children and standard deductions. For a full break down on all the numbers in the report, view it here. Read Full Post

Tennessee Markets Are Low Risk: In the most recent U.S. Market Risk Index report, by PMI Mortgage insurance company, the only two Tennessee markets included in their study -- the Nashville and Memphis SMSAs -- were among the LOWEST risk real estate markets (for home price declines) in the country. Of the 50 largest Standard Metropolitan Statistical Areas (SMSAa) studied, nineteen (19) markets face greater than a 50 percent chance that home prices will decline within the next two years. These ... Read Full Post

POSITIVE ECONOMIC NEWS PUSHES MORTGAGE RATES HIGHER 30-Year Fixed Rate Mortgages Highest In Almost Four Months Nationwide, 30-year fixed-rate mortgages averaged 6.34%, for the week ending February 1, up from last week's 6.25%. Last year at this time, the 30-year FRM averaged 6.23%. The 30-year FRM has not been higher since the week ending October 26, 2006, when it was 6.40 percent. The average for the 15-year FRM this week is 6.06%, up from last week’s 5.98%. One-year “T”ARMs were up at... Read Full Post

Our Logo....Had to experiment. Read Full Post

Memphis Interest Rates | Memphis Mortgage Rates Freddie Mac's Primary Mortgage Market Survey showed the 30-year fixed-rate mortgage (FRM) averaging 6.25 percent with an average 0.4 point for the week ending January 25, 2007, up from the prior week when it averaged 6.23 percent. Last year at this time, the 30-year FRM averaged 6.12 percent. The 15-year FRM this week averaged 5.98 percent with an average 0.4 point, unchanged from the previous week when it also averaged 5.98 percent. A year ago,... Read Full Post

The Greater Nashville Association of REALTORS released a study last week that indicates typical home buyers and sellers in Middle Tennessee are older but more high-tech than the rest of the nation. GNAR commissioned the research through the National Association of REALTORS. The research showed 69 percent of recent home buyers used the Internet frequently to search for homes. That compares to the national average of 59 percent. In Nashville, the typical Internet searcher was 40 years old and v... Read Full Post

We are going to have continual articles pertaining to Memphis real estate and surrounding communities; such as Collierville and Germantown. Should you have any suggestions on subjects pertaining to Memphis homes for sale or related issues, please feel free to contact us. The real estate market in Memphis, Tennessee has eased up slightly from 2005 in recent months, but not nearly to the levels that a great many other cities have. January 2005 through September of 2005, total homes sold in 2006... Read Full Post

The Shrine Building was built in 1923 and is on the National Register of historical Buildings where it has been hailed as "One of our Nation's Most Important Buildings." Offering everything from studios to town homes and prices from around $125,000 to $925,000. Located in the heart of downtown on Monroe, you are within walking distance or a short trolley ride to many attractions including the FedEx Forum, Beale Street, Peabody Place, banks, restaurants, Tom Lee park and one of Memphis' best r... Read Full Post

The development that has been put in to the River Tower Condominiums is remarkable. A complete overhaul of the old building with amenities and upgrades all done in first class. The North building was demolished to enhance the view of the North side units. The exterior was redone and painted; they have installed new elevators, done massive improvements to the landscaping over looking Tom Lee Park & the Mississippi river. Wonderfully located at the South End near the South Bluffs and adjace... Read Full Post