Real Estate Again Seen as Best Investment

We are almost back to ‘pre-housing crash’ home values. The inventories of distressed properties (foreclosures & short sales) are shrinking dramatically. The economy is improving. The job numbers are headed in the right direction.

The big question that still remains: Have Americans regained their confidence in real estate as a worthy investment?
According to a survey conducted by Princeton Survey Research Associates, Americans have put real estate back into first place as the best of all investments.

Here are the results of the survey:

Bottom Line

Homeownership never lost its place as a key component of the American Dream for a host of financial and non-financial reasons. It is good to see that it has regained the top spot as best overall investment. more...

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July 2015 Market Report for the Memphis Area

The Memphis Area Association of Realtors (MAAR) has released the July 2015 Market Report. The report shows July 2015 sales compared to July 2014 for the overall Memphis area (which includes sales in Shelby, Fayette, and Tipton counties) increased by 12.6%. Sales were up 1.3% from June, when there were a total of 1,663 sales. The average sales price from July-to-July was down 3.3% at $162,773.  Inventory increased 1.0 percent, with 6,539 units listed for sale. Monthly sales volume YTD increased 7.2 percent to $1.48 billion.

Foreclosure Sales continue to decrease. Year-to-date 2014 there were 1,419 bank sales as compared to 1,297 this year – an 8.6% decline. Even the bank sales showed an increase in the average sales price of 3.3% over 2014. This news may not be good news for investors; however, it is good news for the Memphis housing market.  

 

For an in-depth report of Market trends for the Memphis area, click on the link below.

July 2015 Market Report