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Memphis, Tennessee Real Estate Keeps Rollin'

Memphis, Tennessee real estate is rollin' on the river, say local Realtors.

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"If professional sports, Broadway productions, festivals, museums, zoos, parks, educational opportunities, spiritual growth, culture, history and just great living are what you love, then Memphis is the place to live," say Realtors Ken and Vicky Presley, "What a great place to live! The culture and history abound!

The Presleys explain, "Housing opportunities run the full spectrum! Memphis has some of the nation's finest older established communities and many new communities that cater to young families, first-time homebuyers or empty nesters or busy professionals! If downtown life or a view of the river is what you're looking for, the many older commercial buildings currently under renovation along the Main Street Mall or the riverfront community of Harbor Town will fit right in.

"Buying a home in Memphis certainly requires the knowledge and expertise of a professional," they continue. "The Memphis housing market can swing drastically from a strong buyer's market to a strong seller's market, depending on the type housing and location, even within the same general area."

Says Realtor Danny Freeman, "From its fine history as a riverfront city on the Mississippi river, to its professional sports teams, Memphis has much to offer to anyone that might consider a move here. Rich in history, Memphis has a wide array of museums, horticulture societies, year-round festivals, plenty of entertainment and food galore. Home of the NBA Grizzlies and the Triple A farm club Memphis Redbirds, there is plenty of sports, as well as world famous Beale St, and the Peabody Hotel. You will never be lacking in things to do and explore in Memphis."

Freeman explains, "Being a riverfront city, Memphis has grown from the West, with fine homes being built on the downtown side, such as Harbor town, to midtown, rich in southern charm and history, to out east, with its more suburban feel, and further still further out East, for homes with acreage and the country setting you might be looking for. If your considering buying in Memphis, have a knowledgeable professional is very important. Memphis is always changing and knowing the growth patterns is very important when your considering making an investment in a home here. Our construction cost are very reasonable compared to most parts of the country."

"In-city properties continue a strong trend as buyer desire increases for homes near the central city and downtown," says Realtor Joe Spake. "Values continue to appreciate overall, and inventories in all price ranges are fairly low, with fierce competition for high quality properties."

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Published: August 31, 2004

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Mortgage Rates
30 Year Fixed: 3.83%
15 Year Fixed: 3.05%
1 Year Adj: 2.73%
(U.S. Weekly Averages)

Today's Headlines 08/31/2004


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