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Slaying Myths About Home Buying [INFOGRAPHIC] - Some Highlights: Interest Rates are still below historic numbers. 88% of property managers raised their rent in the last 12 months! Credit score requirements to be approved for a mortgage continue to fall.
Some Highlights: Interest Rates are still below historic numbers. 88% of property managers raised their rent in the last 12 months! Credit score requirements to be approved for a mortgage continue to fall.
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Memphis Real Estate

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Rents Skyrocket at Highest Rate in almost a Decade - The Consumer Price Index (CPI) was released by the Labor Department last week. An analysis by Market Watch revealed the cost of rent was 3.8% higher than a year ago for the second straight month in June. That’s the strongest yearly price gain since 2007. This coincides with a report released earlier this month in which AxioMetrics announced that rents are continuing to increase in 2016. The report revealed: There was a 3.7% increase in ef...
The Consumer Price Index (CPI) was released by the Labor Department last week. An analysis by Market Watch revealed the cost of rent was 3.8% higher than a year ago for the second straight month in June. That’s the strongest yearly price gain since 2007. This coincides with a report released ea
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3 Questions Every Buyer Should Ask Themselves - If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market. Answering the following 3 questions will help you determine if now is actually a good time for you to buy in today’s market. 1. Why am I buying a home in the first place? This truly is ...
If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market. Answering the following 3 questions
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3 Crucial Questions Most Home Buyers Don’t Know the Answer To...DO YOU?
Whether you are considering the purchase of your first home or trading up to the home your family frequently fantasizes about, there are three crucial questions you must know the answer to: What is the minimum down payment required to purchase a home? What is the minimum FICO score req
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All paints are not created equal. Never, ever try these colors on your walls.
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Have them in circles
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Memphis Real Estate

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Baby Boomers Are On the Move - According to a Merrill Lynch study, “an estimated 4.2 million retirees moved into a new home last year alone.” Two-thirds of retirees say that they are likely to move at least once during retirement. As one participant in the study stated: “In retirement, you have the chance to live anywhere you want. Or you can just stay where you are. There hasn’t been another time in life when we’ve had that kind of freedom.” The top reason to relocate cited was “wanting to...
According to a Merrill Lynch study, “an estimated 4.2 million retirees moved into a new home last year alone.” Two-thirds of retirees say that they are likely to move at least once during retirement. As one participant in the study stated: “In retirement, you have the chance to live anywhere
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A Homeowner’s Net Worth is 45x Greater Than a Renter’s! - Every three years, the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400). In a Forbes article, the National Association of Realtors’ (NAR) Chief Economist Lawrence Yun predicts that in 2016 the net worth gap wi...
Every three years, the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).
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Should I Wait Until Next Year? Or Buy Now? [INFOGRAPHIC] - Some Highlights: The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 4.6% by next year. CoreLogic predicts home prices to appreciate by 5.3% over the next 12 months. If you are ready and willing to buy your dream home, find out if you are able to!
Some Highlights: The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 4.6% by next year. CoreLogic predicts home prices to appreciate
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Would You Qualify for a Mortgage Now? - The widespread myth that perfect credit and large down payments are necessary to buy a home are holding many potential home buyers on the sidelines. According to Ellie Mae’s latest Origination Report, the average FICO score for all closed loans in May was 724, far lower than the 750 or 800 that many buyers believe to be true. Below is a graph of the distribution of FICO scores of approved loans in May (the latest available data): Looking at the chart ...
The widespread myth that perfect credit and large down payments are necessary to buy a home are holding many potential home buyers on the sidelines. According to Ellie Mae’s latest Origination Report, the average FICO score for all closed loans in May was 724, far lower than the 750 or 800 that many
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Find out what a bumwad is, and why architects will ask you about your program.
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This summer, the National Park Service is celebrating 100 years of stewardship over some of America’s most beautiful places. To help you plan a potential visit, we’ve rounded up the best hotels and resorts near 9 of America’s most beloved parks.
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Have them in circles
1,282 people
Ron Aycock's profile photo
CPR Memphis's profile photo
Wohnung Alanya 24's profile photo
My Home L.A.'s profile photo
Mike Williams's profile photo
Molly Heyen's profile photo
Roger A. Johnson, REALTOR's profile photo
Mary Prout's profile photo
Real Property Management Services's profile photo
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901.214.5563
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In-City Realty 2298 Young Ave. Memphis, TN 38104 901.214.5838
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Midtown, Downtown, and East Memphis Real Estate
Introduction
Joe Spake is a Memphis, Tennessee Real Estate Broker and consultant, affiliated with InCity Realty (901.214.5838), representing buyers and sellers of fine homes in Midtown, Downtown, and East Memphis.  His Memphis real estate clients benefit from cutting edge internet and social media marketing as well as straight forward and immediate communication. Joe Spake offers exclusive buyer representation as well as fee-based real estate consultancy.


Joe Spake posts to 2 blogs (Joe Spake's Weblog & Memphis Real Estate Buzz),  consults with small business, individuals on social media and internet marketing, and stays on the cutting edge of real estate technology.

Contact me via Email.