Category Archives: Memphis Market Data

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 →

Memphis Ranked 3rd Most Affordable College Town in the US

Posted on December 2, 2010 by Ryan Hinricher

A new report by Coldwell Banker Real Estate ranks Memphis as the 3rd most affordable college town in the US.  The average price of a 4 bed / 2 bath with proximity to the university being $135,000.   The survey finds a growing trend among parents of students buying homes … Continue reading →

Memphis MSA – Investor Market Report, Nov ’10

Posted on November 3, 2010 by Ryan Hinricher

The macro level fundamentals of the Memphis housing market are improving for investors. While there’s been a large backlog of bank owned property, the lack of building permits in the single-family sector is helping to absorb the inventory overhang. Builder permits are down 22% in the MSA comparing August 2010 … Continue reading →

Memphis 1 of 5 Cities Seeing Rents Rising More Than 1%

Posted on April 12, 2010 by Ryan Hinricher

Real estate analytics firm, REIS released their first quarter report showing asking an effective rents rose in 60 out of the 79 markets they track. Of the 60 markets only 5 of them saw both advertised and effective rents rise more than 1%. Memphis was one of those 5. The … Continue reading →