Editorial Results (free)
1. Winter Drags Down Q1 Building Permits
- Wednesday, April 16, 2014
Shelby County’s homebuilding industry, plagued by poor weather early in 2014, got off to a slow start in the first quarter, with builders filing 14.2 percent fewer permits than in the same three-month period a year ago.
2. Mortgage Market Sees Small First-Quarter Gains
- Tuesday, April 15, 2014
Shelby County’s mortgage market started off 2014 a bit tame, not as chilly as the weather but not exactly bursting with energy either.
Local banks and mortgage lenders made 1,617 purchase mortgages during the first quarter, flat compared with the 1,624 mortgages during first quarter 2013, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.
3. Housing Market Stumbles in First Quarter
- Monday, April 14, 2014
Shelby County home sales slowed in the first quarter when compared to the same three-month period in 2013.
Shelby County recorded 3,270 home sales in the quarter that ended March 31, down 3 percent from the 3,383 homes sold in the first quarter of 2013, according to real estate information company Chandler Reports, www.chandlerreports.com.
4. Experts Highlight Health Care Game-Changers
- Monday, April 07, 2014
Both before the Affordable Care Act became law and after, consumers viewed health care costs differently than they do other costs.
So said Dr. Scott Morris during a panel discussion at The Daily News Publishing Co. Inc.’s Health Care Reform seminar Thursday, April 3, at the Memphis Brooks Museum of Art.
5. Market Mystery
- Saturday, April 05, 2014
Over the last several years, investors ranging from mom-and-pop shops to large hedge funds have been acquiring single-family homes in Memphis at a historic pace.
But determining the long-term impact that investor purchases have made on neighborhoods remains elusive.
6. Caught in the Middle
- Saturday, March 29, 2014
Even before the Affordable Care Act came along, Deborah Casey was living between a logistical rock and an economic hard place. Casey, a 61-year-old widow, draws a monthly Social Security check based on her husband’s earnings. She works part-time for Shelby County (no benefits), and to continue receiving the same amount in that Social Security check, she has to keep tabs on how much she makes. This is exactly how someone who wants to provide for herself winds up on a “fixed income.”
7. Seminar Explores Complicated Details of Health Care Law
- Thursday, March 27, 2014
The Affordable Care Act, more commonly known as Obamacare, became law in 2010.
But the law has grown and changed so much since then that its pages number more than 25,000, and if you stack them one on top of another they are more than 10 feet high, says Tim Finnell, founder and president of Group Benefits LLC.
8. Shelby County Mortgages Jump 12 Percent in February
- Wednesday, March 12, 2014
The latest monthly totals for Shelby County’s mortgage market show homebuying improved somewhat last month, with total mortgage volume up 12 percent compared to February 2013, according to real estate information company Chandler Reports,www.chandlerreports.com.
9. 2014 Home Sales Off to Slow Start
- Wednesday, March 12, 2014
Shelby County home sales were up in February when compared to the same month last year but not enough to overcome January’s sluggish start, according to real estate information company Chandler Reports.
10. Real Estate Road Show Set for March 18
- Saturday, March 08, 2014
Shelby County Trustee David Lenoir has announced the next Shelby County Real Estate Road Show to promote Shelby County’s tax sale and Land Bank will be March 18.
11. Real Estate Road Show Set for March 18
- Thursday, March 06, 2014
Shelby County Trustee David Lenoir has announced the next Shelby County Real Estate Road Show to promote Shelby County’s tax sale and Land Bank will be March 18.
12. Women Progress, But Still Seek Change
- Monday, March 03, 2014
Amy Howell understands the assumptions. Co-author a book with the title “Women in High Gear” and it is easy, she says, to imagine a book that is “anti-male.”
13. Telling Her Own Story
- Saturday, February 22, 2014
Long before she was running her own business and co-writing a book, “Women in High Gear,” Amy Howell was a little girl in overdrive.
14. Seminar to Focus on Importance of Women in Business
- Friday, February 21, 2014
When Amy Howell delivers the keynote address at the Women & Business Seminar Feb. 27 at the Memphis Brooks Museum of Art, she will, rather appropriately, be speaking about the art of appreciating what women can bring to any business setting.
15. Deadline Nears for Pinnacle Awards
- Thursday, February 20, 2014
The deadline for the Memphis Area Association of Realtors Commercial Council’s 13th annual Pinnacle Awards ceremony is fast approaching.
The deadline for Commercial Council members to enter the Pinnacle Awards, an event that brings commercial real estate industry professionals together and honors them for their accomplishments in the previous year, is Friday, Feb. 21, at 5 p.m. Winners will be honored at an April 3 ceremony at Memphis Botanic Garden.
16. 13th Annual Pinnacle Awards On the Horizon
- Thursday, February 13, 2014
Planning is well underway for the Memphis Area Association of Realtors Commercial Council’s 13th annual Pinnacle Awards ceremony, an evening dedicated to bringing commercial real estate industry professionals together and honoring them for their accomplishments in the previous year.
17. New Home Permits See Slight Bump
- Wednesday, February 12, 2014
Despite bitterly cold temperatures that plagued the Memphis area last month, homebuilders pulled slightly more housing permits in January when compared to the same month last year.
Shelby County homebuilders filed 64 permits in January, up from 57 permits filed in January 2013 and 53 permits in December 2013, according to real estate information company Chandler Reports, www.chandlerreports.com.
18. Shelby County Mortgage Market Dips in January
- Wednesday, February 12, 2014
Shelby County’s mortgage market entered 2014 in less of a turbo-charged fashion than it did at the same point last year.
New figures show total mortgage volume in the county was down 5 percent in January compared to January 2013, according to real estate information company Chandler Reports, www.chandlerreports.com. Data for this report did not include refinances.
19. January Home Sales Mirror Temperature
- Tuesday, February 11, 2014
Shelby County home sales plummeted with the temperatures in January, as sales declined 18 percent compared to January 2013, according to real estate information company Chandler Reports, www.chandlerreports.com.
20. Women & Business Seminar to Highlight Achievements
- Friday, January 31, 2014
Leslie Johnson will be one of the panelists at the Women & Business Seminar Feb. 27 at the Memphis Brooks Museum of Art, but she is not nearly as focused on what she might say during the panel discussion as she is what she might hear.
21. Business Leaders Optimistic About Local Economy
- Wednesday, January 22, 2014
As they have for a few quarters now, Memphis-area business leaders continue to acknowledge an incremental sense of optimism about specific aspects of their companies and the economy, according to the results of the third Memphis Economic Indicator.
22. Shelby County Foreclosures Fall 15 Percent in 2013
- Thursday, January 16, 2014
Foreclosures in Shelby County continued to head south in 2013, as they have for most of the past few years.
Over the past 12 months, residential foreclosures in the county fell 15 percent to 3,563 from the 4,189 in 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.
23. Mortgage Market Grows 3 Percent in 2013
- Tuesday, January 14, 2014
The mortgage market in Shelby County ended 2013 with a modest improvement over 2012, with signs pointing to more advances in 2014.
Banks and mortgage lenders made 8,298 purchase mortgages in Shelby County during 2013, a 3 percent improvement from the 8,027 mortgages during 2012, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.
24. Shelby County Posts Most Home Sales in 5 Years
- Monday, January 13, 2014
Shelby County posted a five-year high in home sales and average sales prices in 2013, according to real estate information company Chandler Reports.
The uptick in sales activity and strong pricing increases point to a slow, steady rebound for the industry, which slogged through a five-year slump following the onset of the recession, real estate agents said.
25. Slow Job Growth Yields Dip in New-Home Permits
- Friday, December 13, 2013
Shelby County homebuilding activity continued to cool off in November, with builders filing fewer permits and selling fewer new homes compared to the same month a year ago.
Homebuilders pulled 58 permits in November, down 23.6 percent from 76 permits filed in November 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.
26. Shelby County Home Sales Decline in November
- Thursday, December 12, 2013
Shelby County home sales appear to be in seasonal slowdown mode, with agents selling fewer homes compared to the same month last year, according to real estate information company Chandler Reports.
27. Mortgage Market Up 10 Percent in November
- Thursday, December 12, 2013
Borrowers are still rushing to lock in low rates, take advantage of a seemingly improving economy and get those keys to a new home in their hands.
That’s what the latest monthly mortgage numbers would suggest, as do the mortgage industry professionals who say borrowers kept the phones ringing at pretty much a steady clip in November compared to the previous month and helped November see a 10 percent uptick in the county’s mortgage volume.
28. Shelby County Homebuilding Slows in October
- Thursday, November 14, 2013
Shelby County homebuilding activity cooled in October, with builders filing fewer permits and selling fewer new homes compared to October 2012.
Homebuilders pulled 54 permits in October, down 38.6 percent from 88 permits filed in October 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.
29. Shelby County Foreclosures Drop 10 Percent in Quarter
- Thursday, October 17, 2013
Regina Hubbard has clients regularly calling her asking about the availability of what she describes as “deal of a lifetime” foreclosure buys.
The clients who call with those homes in mind tend to want them in otherwise out-of-reach neighborhoods such as Collierville and Germantown.
30. Shelby County Mortgages Up 7 Percent in Third Quarter
- Tuesday, October 15, 2013
The gas tank of Shelby County’s mortgage market continues to be powered by the fuel of low interest rates and more of a willingness from lenders to make new loans.
Banks and mortgage lenders made 2,521 purchase mortgages in Shelby County during the third quarter, a 7 percent improvement from the 2,364 mortgages during the third quarter of 2012, according to the latest data from real estate information company Chandler Reports,www.chandlerreports.com.
31. September Home Sales Show Slight Increase
- Monday, October 14, 2013
Shelby County home sales cooled off in September, with a meager increase in homes sold compared to September 2012 and a decline from August.
There were 1,288 homes sold in Shelby County in September, up 1 percent from 1,273 homes sold in September 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.
32. Shelby County Home Sales Climb 12 Percent in Quarter
- Monday, October 14, 2013
Shelby County’s housing market continued to show signs of improvement in the third quarter, posting double-digit increases in several key areas over the same period last year.
The county netted 4,686 home sales in the third quarter, a 12 percent increase from 4,176 in the third quarter of 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.
33. Shelby County Building Permits ‘Stable’ in August
- Tuesday, September 17, 2013
Shelby County home building activity was relatively flat in August, with builders pulling slightly more permits while selling fewer new homes compared to August 2012.
Homebuilders pulled 72 permits in August, up 9 percent from 66 permits filed in August 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.
34. Shelby County Home Sales Trending Upward
- Friday, September 13, 2013
Shelby County home sales continued to gain momentum in August, with all key indicators posting double-digit percentage increases over the same month last year.
The county netted 1,709 home sales in August, up 15 percent from 1,483 sales in August 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.
35. Mortgage Market Rises 22 Percent in July
- Wednesday, August 14, 2013
The month of July may help buoy expectations among optimistic participants in the mortgage industry that a housing recovery is taking hold in Shelby County.
Mortgage volume for the month was up almost 22 percent in July, climbing to almost $173 million last month from $142.2 million in July 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.
36. Building Permit Activity Cools in July
- Tuesday, August 13, 2013
Shelby County home building activity cooled in July, with builders pulling fewer permits and selling fewer new homes compared to July 2012.
Homebuilders pulled 77 permits in July, down 6.1 percent from 82 permits filed in July 2012, according to real estate information company Chandler Reports, www.chandlerreports.com. The average permit in July measured 2,958 square feet and $225,199 compared to 3,080 and $229,633 in July 2012.
37. Lot Shortage Challenge to Builders
- Tuesday, July 30, 2013
Memphis-area homebuilders are facing a host of issues – rising materials costs, increased labor costs and regulatory issues – that could act as a drag on the industry.
But the shrinking number of available lots might be the industry’s biggest challenge.
38. Real Estate Trends Focus of ‘Master Your Market’
- Tuesday, July 23, 2013
Real estate industry professionals will have the opportunity this week to learn more about major trends in the local real estate market, including residential and commercial sales, new housing, foreclosures and lending practices.
39. Shelby County Foreclosures Drop 10.6 Percent in Second Quarter
- Thursday, July 18, 2013
Through various mitigation efforts, the lending giant Wells Fargo has helped some 5,200 Memphis homeowners avoid foreclosure since 2009.
Those numbers come from Wells itself, which currently services the mortgages of about 45,000 families and individuals in the city. Despite progress the lender has made, though, a Wells spokesman said foreclosures remain a “persistent problem” in Memphis.
40. ‘Transition Period’
- Wednesday, July 17, 2013
The number of permits pulled by homebuilders in the second quarter was flat with the same period last year. Shelby County homebuilders filed 269 permits during the second quarter of 2013, the exact same number they filed in the second quarter last year, according to real estate information company Chandler Reports, www.chandlerreports.com.
41. Shelby County Mortgages Show Nearly 4 Percent Gain
- Tuesday, July 16, 2013
The mortgage market is starting to get interesting, in a manner of speaking. Earlier this month, interest rates for mortgages rose in what was described as the largest one-day jump in at least 10 years, according to Mortgage News Daily. That in large part stemmed from the Federal Reserve, which has been snatching up $85 billion worth of mortgage-backed securities a month.
42. ‘Good News’ for Housing in Second Quarter
- Monday, July 15, 2013
Shelby County’s housing rebound continued in the second quarter, with key indicators showing improvement over the same period last year.
Shelby County netted 4,226 home sales in the second quarter, an 11 percent bump from 3,821 in the second quarter of 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.
43. Avoiding a Tailspin
- Saturday, June 29, 2013
Memphis, Nashville feels your pain.
When Delta announced earlier this month it would no longer use Memphis International Airport as a hub – cutting 230 jobs in the process – it brought back bad memories for the Music City.
44. Five Years in the Life
- Saturday, June 22, 2013
Delta Airlines and Northwest Airlines has just merged with more than 150 flights a day at Memphis International Airport shifting to the Delta brand. And Delta’s CEO, Richard Anderson, said Memphis would be an integral hub with more traffic.
45. Data Point to Improving Housing Market
- Thursday, June 20, 2013
The average number of days a home in the Memphis area stayed on the market for the month of May dipped to a seven-year low for that month, providing more evidence of a housing market in recovery.
According to the Memphis Area Association of Realtors, the average market time for a home in May was 86 days, a 16.5 percent dip from 103 days in April and the lowest market time total for May since 2006.
46. Mortgage Activity Sees Small Increase
- Wednesday, June 19, 2013
Mortgage activity was a bit lackluster in Shelby County last month compared to the same time in 2012, judging by the latest data.
Looking forward, though, bankers say the demand is there, the busy season for lenders is well underway and that the purchase mortgage business is at times far outpacing demand for refinances.
47. June 14-20: This week in Memphis history
- Saturday, June 15, 2013
2012: The project to build a pedestrian and bicycle boardwalk on the Harahan rail bridge across the Mississippi River won a $15 million grant from the U.S Department of Transportation. The key to winning the TIGER grant – Transportation Investment Generation Economic Recovery – from the Obama administration was to combine the boardwalk with a separate application for funding to upgrade Main Street from Uptown to the South Main district including the Main Street Mall.
48. Shelby County Building Permits Increase 5 Percent
- Thursday, June 13, 2013
Editor's Note: The original story that ran in the June 13 issue of The Daily News contained inaccurate building permit data. The story has been corrected and appears below. The Daily News regrets the error.
49. Shelby County Home Sales Climb 15 Percent
- Tuesday, June 11, 2013
May home sales jumped 15 percent from the same month last year, while the average sales price increased 9 percent.
Shelby County netted 1,457 home sales in May, up from 1,381 sales last May, according to real estate information company Chandler Reports, www.chandlerreports.com.
50. Chandler Reports Launches Online Storefront
- Wednesday, June 05, 2013
A leading provider of real estate news has opened a new online storefront. Chandler Reports, which is owned by The Daily News Publishing Co., launched the store, store.chandlerreports.com, because of the high demand for detailed reports on local foreclosures, lending, and residential and commercial sales.
51. Mortgages Near $107 Million in April
- Friday, May 10, 2013
From where he sits, Renaissance Realty’s Jeff Jenkins is optimistic that 2013 will be a fruitful one for the local real estate industry.
52. Foreclosures Drop 17 Percent
- Thursday, April 18, 2013
Regulators and major lenders are still on the hot seat over flawed and sometimes abusive foreclosures that were carried out in recent years.
On Main Street, the ebbs and flows of foreclosure patterns – things like the public notice of a sale and the actual foreclosure transaction – still haven’t returned to a predictable or natural rhythm.
53. Market Stability
- Wednesday, April 17, 2013
Home permit activity held stable for the first quarter of this year compared with the same period last year, and local builders expect to see continued gradual improvement through this year and into next.
54. Shelby County Mortgage Market Up 2 Percent
- Tuesday, April 16, 2013
Someone let out a cheer earlier this month at the Memphis Area Association of Realtors 2013 Residential Real Estate Summit as MAAR President Regina Hubbard gave her optimistic forecast for the local housing market.
55. Signs of Life
- Saturday, April 13, 2013
Home sales activity picked up in the first quarter of this year across the Mid-South, and brokers believe the market recovery is gaining traction.
Shelby County home sales rose 6 percent during the first quarter, with 3,382 sales from January to March compared to 3,179 during the first quarter of 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.
56. Mortgage Activity Slows in February
- Monday, March 18, 2013
Mortgage activity in Shelby County began 2013 by shifting into a higher gear, but someone tapped the brakes in February.
Total mortgage volume countywide had started the year showing double-digit percentage growth over the same period one year earlier. But in February, volume was up just 1 percent over the same month in 2012.
57. Downtown Investment
- Thursday, March 14, 2013
Downtown’s housing market is seeing more sales, less time on the market, lower price points and inventory shortages.
There were 51 home sales year to date through February for Downtown’s 38103 ZIP code, a 104 percent increase from the 25 sales through the first two months of 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.
58. Shelby Home Permits Stagnate, Sales Decrease
- Wednesday, March 13, 2013
New home permits were flat in February compared to the same month last year.
Shelby County homebuilders filed 70 permits in February averaging 3,142 square feet and $222,975, according to real estate information company Chandler Reports, www.chandlerreports.com. That compared to 72 permits filed in February 2012, averaging 3,520 square feet and $294,109.
59. Mortgages Jump 38 Percent in January
- Monday, February 25, 2013
Mortgage banking isn’t looking as dreary right now as it has in recent years. In Shelby County, mortgage activity began the year bouncing strongly off totals from the first month of 2012.
60. Pinnacle Awards Entries Due Friday
- Thursday, February 14, 2013
The deadline for local commercial real estate brokers to enter the 12th annual Pinnacle Awards is Friday, Feb. 15.
The Memphis Area Association of Realtors Commercial Council will honor those top producers in the industry at an April 25 ceremony at the Memphis Country Club, 600 Goodwyn St.
61. Cost Increase
- Tuesday, February 12, 2013
New housing permits were unchanged in January year over year, but pricing saw a healthy increase.
Shelby County homebuilders filed 50 permits last month, the same amount filed in January 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.
62. January Home Sales Up 46 Percent
- Thursday, February 07, 2013
January home sales increased 46 percent from the same month last year, and pricing and new-home transactions improved year over year as well.
Shelby County recorded 1,344 home sales last month compared to the 921 sales during January 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.
63. Seminar to Tackle Reappraisal, Consolidation
- Tuesday, February 05, 2013
Real estate industry professionals will soon have the opportunity to learn more about two ongoing issues that will affect every homeowner and taxpayer – the 2013 Shelby County reappraisal and the school consolidation.
64. ‘Stable’ Foreclosures
- Thursday, January 17, 2013
The Crowne Plaza Hotel at 300 N. Second St. sits on a little less than two acres near Interstate 40. The Shelby County Assessor of Property’s 2012 appraisal for the 11-story, 244-room hotel was $6.6 million.
65. Deadline Fast Approaching for Pinnacle Awards
- Tuesday, January 15, 2013
The Memphis Area Association of Realtors Commercial Council is well under way in planning the 12th annual Pinnacle Awards ceremony, a night dedicated to showcasing commercial real estate industry professionals in the area.
66. Mortgage Gains Point to Solid 2013
- Tuesday, January 15, 2013
Shelby County’s mortgage market made decent strides during the past 12 months, posting gains over 2011 and foreshadowing a healthy 2013.
Banks and mortgage lenders made 8,028 purchase mortgages in Shelby County during 2012, a 17 percent improvement from the 6,862 mortgages during 2011, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.
67. Shelby County Home Sales Up 19 Percent in 2012
- Monday, January 14, 2013
Shelby County had the most home sales recorded in 2012 since 2008 when the housing market started drastically declining.
There were 14,946 home sales last year, up 19 percent from 12,600 unit sales during 2011, according to real estate information company Chandler Reports, www.chandlerreports.com. And industry professionals say the outlook for 2013 is continued modest improvement.
68. Builder Permits Rise 10 Percent in November
- Monday, December 24, 2012
The National Association of Homebuilders said Tuesday, Dec. 18, that sentiment across the homebuilding industry rose to its highest level since the middle of 2006.
National housing permits in November posted a 26.8 percent increase from November 2011. And while they’re not up quite that much, local starts are seeing increases as well.
69. County’s Mortgage Market Up 7 Percent
- Monday, December 24, 2012
If they had any worries about next year’s taxes, the fiscal cliff and economic uncertainty, the local mortgage market saw borrowers brush them aside during November.
Continuing a pattern that’s been more the rule than the exception this year, Shelby County’s mortgage market keeps growing at a steady clip, and continued doing so through last month. Total mortgage volume countywide in November was up 7 percent over November 2011, climbing to almost $93 million in November 2012 from about $87 million during the same period last year, according to real estate information company Chandler Reports, www.chandlerreports.com.
70. Home Sales Up 16 Percent
- Tuesday, December 11, 2012
The Shelby County housing market continued to improve last month with year-over-year increases in home sales and average prices, and industry experts say those are just two of the signs that local residential real estate has stabilized.
71. Permits Up 89 Percent in October
- Thursday, November 29, 2012
Local homebuilders filed 89 percent more new home permits during October compared to October of last year.
Shelby County homebuilders filed 83 permits last month, a healthy boost from the 44 filed during October 2011, according to real estate information company Chandler Reports, www.chandlerreports.com. October permits also posted a 6 percent increase from the 78 permits filed during September.
72. Shelby County Mortgages Up in October
- Wednesday, November 14, 2012
The Federal Reserve has signaled its intent to buy mortgage-backed securities for much of the near future to try and goose the economy, which means mortgage rates are liable to keep skating along the bottom, as they are now.
73. October Home Sales Rise 36 Percent
- Tuesday, November 13, 2012
The Shelby County housing market continues to improve with 1,407 home sales recorded in October, up 36 percent from the 1,034 sales tallied in October 2011.
And year-to-date home sales activity is up 18 percent, with 12,585 sales recorded through October, according to real estate information company Chandler Reports, www.chandlerreports.com.
74. Expert: Investors Confound Housing
- Monday, November 12, 2012
The role of investor-driven neighborhoods in Memphis is growing, and the impact on different kinds of neighborhoods is largely unstudied and unknown.
For instance, what does it mean that going into 2012, 54 percent of residential property sales were accounted for by investor purchases from the Real Estate Owned (REO) inventory of foreclosing lenders?
75. Great Outdoors University Hits Milestone, Eyes Expansion
- Tuesday, November 06, 2012
The Tennessee Wildlife Federation’s Great Outdoors University program is fulfilling its goal to connect inner-city children with nature in meaningful, life-changing ways.
The youth conservation education and outdoor experience program recently surpassed the 12,000 meaningful experiences milestone and now prepares for expansion into North Carolina and Missouri, as well as growing in Tennessee.
76. Rise of House Flipping Focus Of Seminar
- Wednesday, October 31, 2012
The impact of the foreclosure crisis on Shelby County home values is intricate and far-reaching.
Recent estimates by real estate information company Chandler Reports suggest that nearly a quarter of Memphis’ total housing stock are non-owner occupied.
77. Seminar To Tackle Commercial Conditions
- Tuesday, October 23, 2012
While many commercial real estate professionals would like to forget about 2011 altogether, celebrating increases in 2012 is necessary for morale.
Shelby County experienced the most second-quarter sales this year since the second quarter of 2008, and the highest quarterly sales revenue since the second quarter of 2007.
78. Foreclosures Continue Rise in Third Quarter
- Thursday, October 18, 2012
At a public gathering at Calvary Episcopal Church last week, the city’s Housing and Community Development director Robert Lipscomb lamented the pervasiveness of poverty in Memphis.
79. Building Permits Show Little Change
- Wednesday, October 17, 2012
Local homebuilders didn’t change much the amount of new home permits they filed during the third quarter compared with the same period last year.
Shelby County homebuilders filed 218 permits during the quarter (July to September), compared with 216 filed during the same period in 2011, according to real estate information company Chandler Reports, www.chandlerreports.com. Third-quarter permits marked a 12 percent drop from the 249 permits filed during the second quarter of this year.
80. Mortgage Market Sees Gains in Third Quarter
- Tuesday, October 16, 2012
With the Federal Reserve taking steps to keep financing costs at extreme lows across the economy, it’s probably not surprising to hear an economist say he’s getting an earful from community banks and credit unions around the country.
81. Homes Sales Jump 17 Percent
- Monday, October 15, 2012
Shelby County home sales in the third quarter increased 17 percent compared to the third quarter last year, and local professionals say there’s a feeling of optimism among buyers and those in the business.
82. Local Mortgage Market Up 25 Percent
- Wednesday, October 10, 2012
Chris Low, chief economist for First Horizon National Corp.’s capital markets division FTN Financial, has been on the road in recent days.
83. Law School Celebrates 50 Years
- Thursday, October 04, 2012
At the end of this month, the University of Memphis Cecil C. Humphreys School of Law will celebrate half a century of preparing young legal minds for the future challenges they’ll face in the field of law.
84. Local Mortgage Market Up 22 Percent
- Wednesday, September 19, 2012
It’s been an old story for several quarters – for a few years now, in fact: Rates are low, and homebuyers keep tiptoeing back into the market.
That’s especially liable to be the case going forward, in light of the Federal Reserve’s steps last week to keep interest rates low for an indefinite period of time. Indeed, the local mortgage market continues to feel the effects of those low rates.
85. August Home Sales up 21 Percent
- Tuesday, September 11, 2012
Home sales in August were up 21 percent year over year, representing the eighth consecutive monthly increase from 2011.
Shelby County saw 1,487 home sales last month compared to the 1,228 homes sold in August 2011, according to real estate information company Chandler Reports, www.chandlerreports.com.
86. Commercial Sales Drop 36 Percent
- Tuesday, August 28, 2012
Local commercial real estate sales in July posted a 36 percent decrease from the same period a year ago.
Shelby County saw 41 sales last month, down from 64 sales in July 2011, according to the latest information from real estate information company Chandler Reports, www.chandlerreports.com.
87. Local Mortgage Market Up In July
- Wednesday, August 22, 2012
Spurred by interest rates that look to stay at record lows for the near future, local homebuyers keep coming out of the woodwork.
The trend manifested itself in a healthy pickup in mortgage activity last month. Total mortgage volume throughout Shelby County was up almost 30 percent over July 2011, climbing to $143 million in July 2012 from $111.7 million during the same period last year, according to real estate information company Chandler Reports, www.chandlerreports.com.
88. Shelby Co. Home Sales Up 13 Pct.
- Tuesday, August 14, 2012
July’s home sales report marked the seventh consecutive month with improvements over 2011 totals and the most sales filed during a single month this year, but pricing year to date is still troublesome.
89. Literacy Mid-South Seeks New Volunteers
- Monday, August 13, 2012
Literacy Mid-South is in dire need of volunteers to accommodate the influx of adult students who’ve responded to the organization’s outreach efforts.
The mission of the nonprofit, based at 902 S. Cooper St., is to maximize the impact of child and adult literacy and learning through advocacy, research, family literacy workshops and resource development.
90. Q2 Foreclosures Up 5 Percent
- Thursday, July 19, 2012
Shelby County’s real estate market is still feeling the effects of foreclosure activity, with a second quarter increase in activity following an even larger one in the first quarter.
91. Active Builders
- Wednesday, July 18, 2012
Local homebuilders filed 54 percent more new home permits during the second quarter compared with the same period last year.
Shelby County homebuilders filed 247 permits during the quarter (April to June), compared with 160 filed during Q2 2011, according to real estate information company Chandler Reports, www.chandlerreports.com.
92. Q2 Mortgages up 14 Percent
- Tuesday, July 17, 2012
Shelby County’s mortgage market is continuing to turn a corner, with more buyers during the second quarter signing on the dotted line and bankers handing over a shiny new set of keys.
During the second three months of 2012, banks and mortgage lenders in Shelby County made 2,149 purchase mortgages, up 14 percent from the 1,878 mortgages during Q2 2011, according to real estate information company Chandler Reports, www.chandlerreports.com.
93. Q2 Home Sales Up 11 Percent
- Monday, July 16, 2012
Local home sales saw an 11 percent boost during the second quarter of 2012 from the same period last year, and real estate professionals say it’s likely units and sales volume will continue to increase for the remainder of the year.
94. Homebuilding Permits Rise During May
- Wednesday, June 13, 2012
May’s new home permit totals saw a significant upswing year over year, and homebuilders attribute the improvement to low inventory levels and low interest rates.
Shelby County homebuilders filed 91 permits in May – a 78 percent increase from the 51 filed during May 2011 – according to real estate information company Chandler Reports, www.chandlerreports.com.
95. Homes Sales Continue Upswing
- Thursday, June 07, 2012
Shelby County home sales increased 25 percent in May compared to last year, as the historically busiest buying season kicked into full swing.
The Memphis area and its 34 ZIP codes registered 1,383 home sales last month compared to 1,109 recorded in May 2011, according to real estate information company Chandler Reports, www.chandlerreports.com.
96. Calif. Firm Finds Niche With ‘Premium Properties’
- Wednesday, May 23, 2012
Investment firms nationwide are snatching up single-family real estate-owned (REO) properties, renovating and renting them, and then selling them to other investors.
This “house flipping” is seen as especially opportunistic in Memphis, where median asking prices are dwarfed by national averages and vacancies are widespread.
97. JA Turns Students Into Entrepreneurs
- Tuesday, May 22, 2012
A group of Germantown High School students recently harnessed the power of entrepreneurship to make a positive impact on the lives of children thousands of miles away.
The students, participants of Junior Achievement’s Company program, teamed up with Nations Member Church’s Project 101, a program dedicated to saving the lives of young children in Africa who are suffering from acute malnutrition.
98. ‘New Enthusiasm’ Yields Permit Rise
- Monday, May 14, 2012
While new-home sales remain low, average new-home sales prices are increasing, along with the number of permits and permit amounts.
Shelby County homebuilders filed 75 permits in April – up 36 percent from the 55 filed during April 2011 – according to real estate information company Chandler Reports, www.chandlerreports.com.
99. Home Sales Improve Just 2 Pct.
- Thursday, May 10, 2012
Shelby County home sales in April saw little change year over year, and more than half of total sales were valued at $100,000 or less.
Memphis and its 34 ZIP codes registered 1,116 home sales last month, up 2 percent from 1,094 recorded in April 2011, according to real estate information company Chandler Reports, www.chandlerreports.com.
100. Mortgages Up 10 Pct. in April
- Wednesday, May 09, 2012
T.S. Eliot described April as “the cruelest month” in his classic poem “The Waste Land” – but for Shelby County’s mortgage market, April turned out to be a bit more positive than that.