Rates are very low and it's a great time to buy!

Memphis market is a very stable one when it comes to real estate. Since we have not seen the major appreciations such as 15 to 20% a year that other areas of the country have experienced, we have not seen the major slowdown or decrease in value. Memphis has been ranked as one of the top 10 places to invest due to affordability. Rates are extremely low floating between 5.75 percent to 6.25 percent; depending on the loan program and discount points.

Our inventory of homes have increased a little, which makes it a great time to buy in the Greater Memphis area. The surrounding areas included suburbs such as Germantown, Collierville, Bartlett, Lakeland and Arlington. Desoto County (MS) and Fayette County are also good investment areas.

For more updated real estate information and to see all the active listings in our market area, visit our website at http://www.weichertchapman.com/.