Mortgage News

...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 property rate than even before. Anothe... 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