Category Archives: Market Research

Housing Supply in Memphis Drops

Posted on February 9, 2011 by Ryan Hinricher

The Memphis Area Association of Realtors reported that 960 units of housing sold in January reducing the inventory to 8,382 total units on the market, a year-over-year decline of 7.3%.  At the current rate the market is absorbing inventory, the supply stands at 8.7 months.  Particularly interesting was the number … Continue reading →

Memphis: Top 5 in Unemployment DECLINE

Posted on February 3, 2011 by Ryan Hinricher

Our Memphis market is seeing an improving unemployment rate.  The unemployment rate dropped from 10.4% in September 2009 to 9.5% in September 2010.  This constitutes the 5th largest reduction in unemployment for a major metro area in the US according to a recent article in Urban Land.  Employment conditions are … Continue reading →

Clear Capital: Memphis Prices to Rise 3.2% in 2011

Posted on January 22, 2011 by Ryan Hinricher

Clear Capital, the California-based BPO sourcing firm released its January 2011 Market Report.  The firm projects nationally that prices will … Continue reading →

Manhattan Prices About to Take Off (Again)

Posted on January 19, 2011 by Ryan Hinricher

Up until 2010, Manhattan prices had risen on average of 10.2% per year going back to 1997.  Manhattan has been somewhat insulated throughout the housing crisis, being buoyed foreign investors capitalizing on a weaker US dollar, and fast comeback of Wall Street. But by In 2010, the median home price dropped from … Continue reading →

Memphis Market Forecast – Year End (Dec ’10)

Posted on December 30, 2010 by Ryan Hinricher

The housing picture in Memphis is improving.  Price forecasts show home values stabilizing over the next 12 months.  At the same time both unemployment vacancy rates are in decline.  The effect of heavy inventory overhang has been a drag on home prices over the last 12 months but we see … Continue reading →

Electrolux Chooses Memphis for 1,200 Job Plant

Posted on December 16, 2010 by Ryan Hinricher

Electrolux announced it was choosing Memphis for a new plant to manufacture cooking products.  The $190 million plant is scheduled to begin construction this year and will be operational in 2012.  The 700,000 square foot facility will employ more than 1200 people and build ovens, ranges, and cooktops. The new … Continue reading →