David Saks: January 2014

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

November New Housing and Builder Activity for Memphis

New Housing & Builder Activity

 

New home sales were up 11% in November with 83 sales recorded compared to 75 recorded in November 2012.

 

The average sales price of a new home was down 7% from last year to $273,994.

 

Year-to-date new home sales are up 8% and average new home sales prices are up 4%. 

 

Collierville (28), Arlington (16) and Cordova-South (14) had the most new home sales recorded for the month.  

  

747 new home permits have been filed through the end of October, down 5.7% from last year. Arlington has had the most new home permits filed through the first 10 months of the year with 164 total averaging $250,112. 

 

Regency Homebuilders is currently ranked as the top builder with 186 new home sales and 191 new home permits filed through October.




David Saks



Time&Temp Memphis

Legal Disclaimer
Please be advised that:

 The information and notices contained in this blog are intended to summarize recent developments and news. The posts are presented as general research and information. These posts are not intended, nor should be regarded, as legal advice. Some blog posts concern allegations made in civil lawsuits and in criminal indictments in United States Courts. All persons are presumed innocent until convicted of a crime and proven guilty. Readers who have particular questions or who believe that they need legal counsel should seek the advice of a qualified attorney. It is neither the editor's or author's intention to create a confidential relationship or any broker-client relationship via communication from this site at any time. Please consult with your state real estate board if questions & answers in the education section conflict with the laws of your region or if you need clarification regarding their applicability or how they may govern the services that you provide.

By entering this web site, you understand the following:
When you select a link to an outside Web site, you are subject to the privacy, copyright, security, and information quality policies of that Web site. David Saks:
1.DOES NOT control or guarantee the accuracy, legality, relevance, timeliness, or completeness of information contained on a linked Web site;
2.DOES NOT endorse linked Web sites, the views they express, or the products/services they offer unless linked web sites, the views they express, or the products/services they offer endorse or support David Saks in accordance with the standards of the Tennessee Real Estate Commission and the Federal Government's laws regarding commerce and the application, solicitation and transmission of internet-related concerns, commerce or social networking;
3.CANNOT authorize the use of copyrighted materials contained in linked Web sites;
4.IS NOT responsible for transmissions users receive from linked Web sites;
5. That DavidSaks.Com is biographical & real estate related. Some links within will leave this site.
6. http://activerain.com/profile/davidsaks is internet-compliant & abides by the rules & regulations of the Tennessee Real Estate Commission, Eve Maxwell, Executive Director.
7. Unless indicated otherwise, ActiveRain does offer listings, or IDX and is provided for licensed salespersons, brokers, buyers & sellers of real property as a community & professional service.
8. David Saks is a retired / licensed real estate broker in the State of Tennessee, license #290452, and an independent contractor.
9. Information is believed to be accurate, but not guaranteed, at any realty link or document connected to the World Wide Web & viewable by anyone connected to the internet who has a web browser.
10. Brokers, buyers, sellers, agents & anyone should independently verify any information prior to submitting any offer to purchase goods & services from any link.
11. Please Visit The American Real Estate Alliance or Memphis.8k.Com for additional information regarding property issues for real estate professionals and consumers.

 

Photos © & Licensed by Nova Development

All Content Protected © 
Before you even think about
committing a real estate crime
click this red button.
Real Estate Crimes

© All Rights Reserved.

 

 

 

 

"Information generated by the Department of Justice is in the public domain and may be reproduced, published or otherwise used without the Department’s permission. Citation to the Department of Justice as the source of the information is appreciated, as appropriate."

Department of Justice Legal Policies


 

  Real Estate Crimes

 

Click "HERE" For Today's Question

 

 

TheListen Now!

David Saks Show

Saturday Nite

9pm-12am Central

University of Memphis

WUMR

 

Support
America's Hobby

Click Elvis

Mr.Saks' participation in ActiveRain ended April 13, 2015.

His blog archives will remain online.

May God bless you.

Comment balloon 2 commentsDavid Saks • January 07 2014 01:06AM
November New Housing and Builder Activity for Memphis
share
New Housing & Builder Activity New home sales were up 11% in November with 83 sales recorded compared to 75 recorded in November 2012. The average sales price of a new home was down 7% from last year to $273, 994. … more
November Residential Foreclosure Analysis for Memphis
share
Residential Foreclosure Analysis Residential foreclosures were down 18% in November with 225 recorded compared to 274 last year. The average amount of a foreclosed property was $82, 829 and the average tax appraisal value… more
November Commercial Market Report for Memphis
share
Commercial Sales October commercial sales were up 34% with 94 sales recorded compared to 70 in October 2012. Average commercial sales prices were up 11% to $1 million compared to $938K last year. Through… more
November Residential Market Report for Memphis
share
November Home Sales November home sales were down 5% from the prior year with 1, 124 recorded compared to 1, 183 recorded in November 2012. Average home sales prices were up 12% to $139, 110 compared to $124, 101 last year. &… more
Real Estate Agents Settle Allegations That They Engaged in RE Fraud
share
Colorado Springs Real Estate Agents Settle Allegations That They Engaged in Real Estate Fraud U. S. Attorney’s Office January 03, 2014 District of Colorado (303) 454-0100 … more
California Real Estate Investors Guilty of Bid Rigging at Auctions
share
Three Northern California Real Estate Investors Agree to Plead Guilty to Bid Rigging at Public Foreclosure Auctions Investigation Has Yielded 43 Plea Agreements to Date U. S. Department of Justice January 02, 2014 &… more
Real Estate Practice : Lesson 2520
share
#2520 A developer subdivided and made some improvements to a 150 acre parcel of land. The developer created several restrictions, which, by design, were placed in the deed to affect the subdivision. These restrictions affect all of… more
Real Estate Practice : Lesson 2519
share
#2519 Once the underwriter has been able to verify the amount of a borrower's stable monthly income, the underwriter will then use a process which will employ gross multipliers to determine whether or not the income is adequate enough to… more
Real Estate Practice : Lesson 2518
share
#2518 The quality of a loan applicant's income generally depends on whether or not it's taxable income in the decision making process for the underwriter, and not as much the dependability of the income. Is this fact true or false &… more
Real Estate Practice : Lesson 2517
share
#2517 Stacy is a college student that is buying her first home. She doesn't have enough money for the closing table so her parents have graciously offered to give her 4000 dollars to close with as a gift. In this situation… more