I found this great news article at Forbes.com that I thought everyone should read as soon as possible to get an insight into what is continuing to take place in the housing market.  There is a sense of relief being perpetrated in the media including right here in Memphis that the worst of the housing crisis is behind us.  Let's hope that is true, the worst is over. 

Do you read the daily articles in Yahoo real estate news?  How about DSNews.com?

These are two great real estate sites for keeping up with the everyday news and I happened across two articles today that I thought everyone should know about.  I will link them at the bottom of the page.

Last week I dove into the subject of pricing and how you can buy high quality investment properties at price points that would have been impossible two or three years ago.  However, that’s not the only reason now is the time to jump in the water whether it’s your first or fifth property; in the last 3 months we have seen investment property financing open back up from several of our lending partners.

Ryan Flannery has been running the Memphis Invest rehab teams in Memphis, Tennessee for the last 3 years and continues to a fantastic job rehabbing distressed, discount investment properties into beautiful cash flow investment properties.  While we wouldn't call rehabbing an art, it definitely takes skill, knowledge and a little flare to make properties shine on a budget.

It's not often that I let Marq out of his office and on an even more rare occasion that I let him write a blog!  But, I thought what the heck, he makes some good points and is actually writing in complete sentences.  I am actually kidding around here.  Marq is very intelligent and has helped hundreds of Memphis invest clients with building their Memphis investment property portfolios.  I trust him implicitly to take care of all of our clients and I think this blog post is a great illustration of how far he has come!

About 8 months ago, the owners of MemphisInvest.com recognized a trend taking place in the investment real estate market and moved to capitalize as soon as possible.  That trend has bore out over time to be a new marketplace, a new investor that wasn't taking part in the real estate buying frenzy of 2008 and 2009.    We even developed a whole new strategy and business model to help us take advantage of that trend.

I am a big believer in keeping yourself up to date with the latest news from the real estate world.  I have been reading the DSNews everyday and I have begun to link to articles form the site and even re-print when I think they are news worthy to real estate investing in Memphis.  This article definitely defines one reason we are having so much trouble getting a housing recovery to take hold and gain traction.

DSNews writer, Carrie Bay published an article today citing Barclays' bank analysts pointing toward a continued drop in pricing around the country, but a slowing of the foreclosure process and eventual bottoming of pricing.

This is a trend we have been seeing in Memphis foreclosures as the number filings slows and inventory reduces.  The number of properties in Memphis in pre-foreclosure notice status and behind on payments continues to remain high, but is expected to level off and be reduced over time.