Mortgage News

Sub-prime Market in Crisis Mode.....

Memphis posted this 2 2,216 Views

    ...and your prospective buyers, among others, may feel the pinch!  While offering Memphis real estate investors another avenue for their over all portfolio. This will and is currently having an immediate impact on the sub-prime market here in Memphis. Memphis has a higher percentage of "credit challenged" buyers than most U.S. cities of similar size. The hardest hit areas are going to be the higher REO areas. These areas will end up having a higher rental...

Memphis among lowest risk for home price declines

Memphis posted this 1,164 Views

 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...

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