Did you know that Memphis was one of the south's largest health care and medical products cities? One in nine jobs in the area is health care related bringing a $10.4 billion annual economic impact along with it. There are 2400 companies with nearly a $2 billion annual payroll.
Memphis is the second largest U.S. medical device manufacturing center.
St. Jude Children's Research Hospital is located here with $1.2 billion expansion in the last 5 years. St Jude is a renowned Nobel prize-winning institution adding over 1200 scientists to it's staff.
University of Tennessee Medical School is also located in Memphis.
Let's not forget to mention 19 area hospitals with over 4100 beds.
The Southern college of Optometry is also located in Memphis.
The Shea Ear Clinic, also world renowned, is located here as well.
So now you can see that along with the other major companies with headquarters or distribution centers located here, where all the Memphis real estate is selling.
Saturday, November 15, 2008
Thursday, November 13, 2008
Memphis...North America's Distribution Center
Did you know this about Memphis...?
Memphis International Airport
____#1 busiest cargo airport in the WORLD...handling 2.5 million metric tons of cargo
____ Economic impact statewide of $20.7 billion annually...largest in the state
____ Local distribution centers account for 1 in 4 jobs in the Memphis area
Memphis a leading intermodal Logistics Center
____#1 in percent of logistics workforce
____#1 busiest cargo airport in the world
____#3 in Class 1 railroad service in the U.S.
____#4 U.S. inland port
____#3 trucking corridor in the U.S.
FedX World Headquarters and World Hub
____ $1 billion expansion in the last 7 years
____30,000 local employees
____Location of FedX World Technology Center
____Flying the largest cargo airplanes in the world..nightly..each able to handle loads
of 30 tractor trailers
Memphis is also a major UPS hub
Source Memphis Regional Chamber of Commerce
Memphis International Airport
____#1 busiest cargo airport in the WORLD...handling 2.5 million metric tons of cargo
____ Economic impact statewide of $20.7 billion annually...largest in the state
____ Local distribution centers account for 1 in 4 jobs in the Memphis area
Memphis a leading intermodal Logistics Center
____#1 in percent of logistics workforce
____#1 busiest cargo airport in the world
____#3 in Class 1 railroad service in the U.S.
____#4 U.S. inland port
____#3 trucking corridor in the U.S.
FedX World Headquarters and World Hub
____ $1 billion expansion in the last 7 years
____30,000 local employees
____Location of FedX World Technology Center
____Flying the largest cargo airplanes in the world..nightly..each able to handle loads
of 30 tractor trailers
Memphis is also a major UPS hub
Source Memphis Regional Chamber of Commerce
Sunday, November 09, 2008
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?
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?
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