JANUARY
Volume 85
Recently Sold Listings
Let yours be my next one!


5527 S. Angela
$635,000
East Memphis


155 S. Humes
$327,000
East Memphis


137 Island Shore Drive
$270,000
Harbor Town


401 Leonora
$205,000
East Memphis

For All Your Lending Needs Contact:
 
GREG COOK
Mortgage Specialist

cell: 901-647-2655

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Don't miss this gem in Harbor Town! Backyard with iron fence, patio and backs up to pond ~ Screen porch, Covered fron porch, & Master Balcony ~ New hardwood floors upstairs ~ 5 BRs and 4 BAs ~ Family room, Keeping room, Formal Dining Room, Large entry hall ~ 2 Fireplaces ~ Kitchen w/Granite and SS appliances ~ Wet bar, pantry and buffet station ~ 1 BR down ~ Master bedroom w/walk-in closet & adjoining office/nursery ~ Large Master bath w/separate double vanity, whirlpool tub & walk-in shower ~ 3 additional bedrooms upstairs ~ Laundry room upstairs ~ 9 ft' ceilings & hardwood floors down ~ 2 car garage w/custom built in storage ~ Tons of built-ins throughout the downstairs
2020 Real Estate Outlook
memphis Forbes.com

The 2019 housing market has been one of low rates, high demand and limited supply-particularly on the lower-priced end of the market. 

Will 2020 be more of the same? According to experts, yes and no.

We spoke to six mortgage, real estate, and housing professionals. Here's what they say is in store for the year to come:

Mortgage rates will stay low-or maybe go lower.
Mortgage rates currently sit at 3.75%, according to Freddie Mac's most recent numbers-nearly a 1% difference from the monthly average a year ago. The drop in rates caused a surge in refinancing over the last few months, and purchase activity ticked up as well.

Prices will keep on rising.
Home prices will continue their climb upward, according to experts, largely thanks to tight inventory and high demand.

Inventory will be tight.
Housing inventory is going to remain limited for much of 2020, experts say. And interest rates and record-high homeownership tenures are a big part of the problem.

Millennials will keep up their homebuying streak, while Boomers hold up inventory.
Data from Realtor.com shows Millennials made up a whopping 46% of all mortgage originations in September-up from 43% one year prior. Meanwhile, shares of Baby Boomer and Gen X mortgage activity declined. 

It's no wonder, either. Millennials rank homeownership as one of their top goals in life- higher than even marrying or having kids-and with interest rates low and incomes up, it's the right time to buy a home for many.

The Baby Boomer generation is part of the challenge for this younger cohort, as many are choosing to age in place-keeping more homes off the market than ever before.

The industry will continue to digitize. 
The mortgage and real estate spheres have been moving away from their manual, paper-laden processes in recent years, and 2020 will only see that trend expand further-especially as more tech-savvy Millennials enter the market.

20 Big Memphis Moves Coming in 2020

choose901.com

We celebrated our Bicentennial and 200 years of Memphis history. We won our first AAC Football Championship - Go Tigers!! We also had construction projects popping up on every corner of the city.

Now with 2019 in our rearview, 2020 is on the horizon and it's looking mighty bright. We rounded up some of the biggest Memphis Moves to watch out for in the new year. Here's a look at just some that have us hyped! Click here to read the entire article
 
1. One Beale Street
Phase One of this $225 million dollar development project will be completed in 2020. With multiple buildings that will be home to a hotel, parking garage, retail offices, and apartments, One Beale will dramatically alter the Memphis skyline in the heart of downtown. 

2. Coach Silverfield & The Memphis Tigers
You have to be ride-or-die if you're a Memphis Tiger Fan because every year is a roller coaster of emotion. 2020 will be an interesting year for Tigers football as they usher in a new coach, Ryan Silverfield, and seek to win their second AAC championship. 

3. St. Jude Ironman @ Shelby Farms Park
Shelby Farms Park will host the first-ever  St. Jude IRONMAN 70.3 Memphis triathlon. This inaugural event will draw more than 2,500 athletes from across the world to the Mid-South for an epic competition of running, swimming and cycling. 

4. Renasant Convention Center
The Renasant Convention Center is on track to open in the fall of 2020, with a new name and a new look. We can't say that we'll be sad to see the mammoth cement structure go. It's about time the Convention Center had a sleek, modern makeover. 
 
5. 20 Miles of New Bike Facilities 
Expect to see more folks zipping along on scooters and bikes as the city adds about 20 miles of new bike facilities next year. 

6. South City 
The $250 million South City revitalization projects will still be worth watching in 2020. Phase One has already wrapped and Phase 2 and 3 should be in the works. What's next for the complex? Planners hope to bring a grocery store, green space and senior living by 2022.
 
7. Union Row
Hammers will be swinging over at  Union Row by the summer of 2020. Topping nearly $1 billion dollars, Union Row is the largest redevelopment project in Memphis history. But besides all that, the project is bringing a grocery store to the downtown area! Now, that is something to celebrate!

8. A Bass Pro Pedestrian Bridge & The Pinch District 
The city hopes to  build a pedestrian bridge connecting Front Street to Bass Pro Shops at the Pyramid. Slated to kick-off in Spring 2020, the project will make it easier for visitors to get from the new Renasant Convention Center to Bass Pro and comes with a $3.8 million price tag. 

9. 2020 Census
The Census only comes around every 10 years. So, we'll need to make it count next year - literally. More than 300 programs rely on over $800 billion dollars in public funding across the country. Simply put: if we undercount, we can lose out on thousands of dollars worth of resources and services for communities in need. 

10. The Fairgrounds
Now, y'all know the fairgrounds just haven't been the same since we lost Liberty Land. But  the city has plans to convert 18 acres along Central Avenue into a new sports complex for indoor sporting activities like track, cheerleading, and basketball. Construction crews could start breaking ground as early as January of 2020. 

11. Methodist Le Bonheur and Saint Francis Deal
This year, Methodist Le Bonheur  announced plans to purchase St. Francis Hospitals in Bartlett and Memphis. The $350 million dollar purchase is slated to be completed in 2020 and could totally shake up the city's healthcare scene. 

12. Overton Square Hotel 
The Memphian, a boutique hotel in Overton Square, is set to open by the end of 2020. The planned hotel has its fair share of fans and critics because of its prized location in the middle of Midtown. 

13. First-Ever County Investment in MATA
In 2020, the Memphis Area Transit Authority will finally get an upgrade. Earlier this year, the commissioners approved $2.5 million for MATA. This was the first investment in public transit by the county. THE. FIRST. EVER. In February of 2020, the county commission will vote on  Mayor Lee Harris's plan to allocate an additional $10 million in funding for public transit.

14. Stax Music Academy Celebrates 20 Years in 2020
The Stax Music Academy will  celebrate 20 years  of bringing high-quality music instruction to Memphis youth in 2020. The celebration will span several months and include everything from a live-streamed music marathon to a Summer Music Experience Grand Finale.