Memphis Area Real Estate Home Sales

Memphis Area Real Estate Sales

Sales for the Memphis area picked up in September and then slowed down a bit in October. But that did not stop the lookers and those testing the waters. Interest in the Memphis real estate market is one of the fastest growing in the nation, according to Realtor.com.
During September, search activity for real estate listings in the Memphis MSA rose 17.5 percent compared to September 2007, which makes Memphis “one of the nation’s markets where search activity by potential homebuyers has grown the fastest,” according to the official Web site of the National Association of Realtors.
These searches were a combination of investors, local buyers and sellers, and out of the area buyers who are hoping to sell their homes soon. The election is over now. Banks have capitol provided by the bailout package. Let’s hope they start using those funds provided by this package to begin funding loans for home buyers. No one wants any more bad loans…but it’s time to loosen up and get this market started again. Any questions?