Memphis area Home Values

Memphis real estate historically offers a steady, more measured return on investment.
Unlike some other U.S. home markets that have seen huge increases in real estate prices followed by equally large decreases, Memphis real estate has enjoyed a more measured rate of appreciation (see chart). So although overall sales prices are lower in the Memphis area, those declines have been much smaller as compared to other markets and should be quicker to recover. And keep in mind that a decline in average sales prices doesn’t necessarily translate into a decline in your home’s value – a much larger percentage of lower-priced and smaller homes are being sold as compared to the historical norm. Sales of foreclosed homes have also had a huge effect in the decline in the average sales prices.

Springtime in Memphis...Memphis in May Music Festival

Hopefully the groundhogs prediction is now over, and spring weather will start to fill our days. Trees have already started blooming and it won't be long before our dormant lawns will green up again. This means Memphis in May and the Music Festival are just around the corner. Times may be difficult, but let's not forget to have a party to lighten the load...if you know what I mean.
This year, head liners like Elvis Costello, Bonnie Rait and Al Green will appear and perform at the festival. The Steve Miller Band is also scheduled to perform at Tom Lee Park on May 1-3rd. There will be over 60 acts and all will be released today at the Memphis Hard Rock Cafe on Beale. The list of performers will also appear on www.memphisinmay.org web site for your convenience. Local well known music stars such as Jerry Lee Lewis and the Bar Kays will also make the stage.
For those that did not know, the music festival started way back in 1977, when it was on Beale Street...but due to its size, is now held at the nearby Tom Lee Park right on the Mississippi River. The music fest is just the beginning of Memphis in May, which this year is dedicated to the country of Chile. The International Bar-B-Q contest will also be taking place on Tom Lee Park as well as the Sunset Symphony and an international cultural exchange. Tickets for the music festival go on sale today at all ticketmaster outlets.
So, if you are not from Memphis...but plan to be in Memphis...don't miss out on these great events; all held right by the mighty Mississippi River in downtown Memphis.

Memphis Weather & The Drop of A Hat

One thing about Memphis that is really true, and that is; if you don't like Memphis weather, just wait a few minutes. We surely have four seasons, but in between, we have such a variety you would not believe. I am sitting here right now, looking out of my window of my
Memphis Home, at at least 12 inches of snow drifts and at least 8 to 10 inches everywhere. Well, it's winter you say....so what's so odd about that. Well, let's remember Friday morning...two days ago...at this same time....it was 71 degrees outside. Trees have started blooming and lillies are breaking ground in the flower beds.
That is real change....no political agenda intended here.
The best part about this snow, is that it is wet snow ...and by the afternoon hours, there will be snowmen everywhere. There are already photos on Facebook from midnight last night of snowmen already standing through the wee hours of the morning.
The worst part about this snow, at least for students....is that it will be all gone by tomorrow am and they did not get a snow day from school....oh well.
Hey...going out to play now. Don't forget to stop and smell the roses if you can find them.