Around the Nation -- Residential Real Estate Update - Tennessee

By Jeff Adolph

State-by-state

Situated in the Southern region of the U.S.A, this state is ranked as the 36th largest by land mass and the 16th largest by population with 5,689,283 people residing in this region.

This states economy relies heavily on cattle, textiles, cotton, electrical power, and soybeans. It's largest corporations include FedEx, AutoZone and International Paper.

there is no income tax in this state on wages or salaries, however income from stocks, bonds ans shares is taxed at 6%. this state has a 6% sales tax, and residential property is taxed at 25% of fair market value.

Memphis

Homes are typically sitting on the market for 60-90 days in this region with the median home price hovering around $150,000. The market trend in this area is said to be stable with no changes recorded and prices are remaining consistent with last years figures.

with more sellers than buyer in the region, buyers are getting 85-90% of their asking price and the hottest valued market in this region is based on population growth.

Local interest rates are good and the market is stable here which makes for good investment opportunities.

LGBT Real Estate Facts: There are approximately 10,189 same-sex couples residing in Tennessee making this region the 18th gayest state in America. The gayest zip codes in this locality are 38104 Crosstown, Memphis; 37013 Antioch; 37211 Woodline, Nashville; and 37206 East Nashville. -- gaydemographics.com

Main Story Source: House Hunt (2008) Real Estate Market Trends; available online at http://www.househunt.com

Picture Source: wikipedia.org

-----------------------------------------------------------------

*RealQuestions RealAnswers*

Click on Comments below and share your thoughts and opinions, ask a real estate question or offer story suggestions...

-----------------------------------------------------------------

© 2006+ Jeff Adolph GayRealEstate USA

Proudly Sponsored By:

By Jeff Adolph

State-by-state

Situated in the Southern region of the U.S.A, this state is ranked as the 36th largest by land mass and the 16th largest by population with 5,689,283 people residing in this region.

This states economy relies heavily on cattle, textiles, cotton, electrical power, and soybeans. It's largest corporations include FedEx, AutoZone and International Paper.

there is no income tax in this state on wages or salaries, however income from stocks, bonds ans shares is taxed at 6%. this state has a 6% sales tax, and residential property is taxed at 25% of fair market value.

Memphis

Homes are typically sitting on the market for 60-90 days in this region with the median home price hovering around $150,000. The market trend in this area is said to be stable with no changes recorded and prices are remaining consistent with last years figures.

with more sellers than buyer in the region, buyers are getting 85-90% of their asking price and the hottest valued market in this region is based on population growth.

Local interest rates are good and the market is stable here which makes for good investment opportunities.

LGBT Real Estate Facts: There are approximately 10,189 same-sex couples residing in Tennessee making this region the 18th gayest state in America. The gayest zip codes in this locality are 38104 Crosstown, Memphis; 37013 Antioch; 37211 Woodline, Nashville; and 37206 East Nashville. -- gaydemographics.com

Main Story Source: House Hunt (2008) Real Estate Market Trends; available online at http://www.househunt.com

Picture Source: wikipedia.org

-----------------------------------------------------------------

*RealQuestions RealAnswers*

Click on Comments below and share your thoughts and opinions, ask a real estate question or offer story suggestions...

-----------------------------------------------------------------

© 2006+ Jeff Adolph GayRealEstate USA

Proudly Sponsored By: