Memphis Real Estate News!

Does it ever seem to stop?  This week we saw the former Chairman of Fannie Mae, Jim Johnson, have to resign as a member of the Obama VP vetting team because of preferential loan terms at a certain mortgage lender. Now we are finding out this week that apparently there was a group at this lender w...

For two days this week I was at the Buffini Seminar in Philadelphia!  It rocked!  I'm not a new person to Buffini but I found the change in information in the Turning Point Retreat to be so wonderful and great.  I've always had a little problem with the dialogs that Buffini recommends that you ut...

I have been pondering the unlicensed practice of real estate for the past week or so.  Recently I was out with a client and saw a home for sale and listed by an agent that I knew was not licesned in a jurisdiction.  In this area we have the wonderful thrill of being licensed in 3 jurisdictions (r...

Well.... we thought things were getting better (and they are in one sense) but the foreclosure crisis is still looming for us. CNN is reporting that compared to notices (e.g. default notices, foreclosure,sheriff sales) filed in May 2007 that the number rose 158%.  That is incredible.  They also r...

I attended this week an amazing seminar for members of the real estate community.  It was a wonderful time to spend with about 3000 other REALTORS, Lenders, and others.  While I walked away with so much information from the seminar, the most important thing I learned during those 20 hours was to ...

Well, as if we thought things were finally getting a little more normal in the lending world. Interesting article this morning in the WSJ that talks about the newest problems that banks are having. It seems that with the market down, that lenders aren't making as many loans as they used to.  So i...

I just read an interesting article sent to me by the Broker of another firm regarding the bottom of the market.  In essence, the article, Wall Street Jounral (May 6, 2008) states that we have hit the bottom of the market. One thing the author is very clear in saying is that the market resurging i...

I just got a phone call from the mother of a family I helped get into a rental about 6 months ago.  Ok, I keep on telling everyone that I don't do rentals, but I meet some people who want a rental so I help them!  They just got a notice that they need to vacate the property within the next 30 day...

With the market like it is (slow) and then issues at home with a family member being elderly and experiencing problems, the breakup of a relationship that was extremely significant for me ... my stress levels have been off the chart! I have a client that I help about 2 years ago find a rental.  I...

Good news yesterday.  Apparently there has been an investigation for the past 6 months into the out of control upward spiral of oil prices.  In this area this morning I noticed that gas prices began to start going down a little bit. Some of the news reports this morning attributed the slight decr...