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Editorial Results (free)

1. Homes Sales Continue Upswing -

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.

2. Colvett Named Greenscape President -

Frank Colvett Jr. has been promoted to president of GreenScape Inc.

Colvett previously was executive vice president and corporate treasurer. He has been at GreenScape since 1992 and has served in various capacities including project manager, estimator and vice president of marketing.

3. A subtle improvement -

From declining sales to falling prices, the housing industry has been hammered recently, and nowhere is that more evident than in Memphis Area Association of Realtors membership numbers.

MAAR, the local trade organization for real estate professionals, has seen its membership dwindle steadily since its high point in August 2007, when it boasted 5,406 members. The latest numbers show membership at just 3,797, a 29.8 percent decline from its pinnacle two and a half years ago and the lowest point since 3,943 in February 2004, the last time it sat below 4,000.

4. Local Home Sales Improving -

For 25 of his 30 years as a Realtor, Terry Stonebrook has sent clients, colleagues and other contacts a real estate newsletter called the Stonebrook Letter, which chronicles the latest stats and news from the industry.

5. Archived Article: Real Briefs - 03-19 Real briefs Mid-America Apartment Communities Inc. has completed the purchase of the 416-unit Lakeside Apartment Community located in Jacksonville, Fla. The company now owns five apartment communities in Jacksonville, totaling 1,322 units. The...