Memphis, TN Real Estate News

By David Saks
((retired))
                                                                #2323 Appraisal, financing, property management, and real estate developement are all specializations directly linked to state and governmental finance policies. Is this true or false ? Take your time. The solution is posted below the wildlife photo. A. False Financing, property management, appraisal and developement are considered separate professions within the real estate industry.
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By David Saks
((retired))
                                                      #2322 When the population of a town suddenly increases demand for housing will start to decrease and so will real estate prices. Is this true or false ? Take your time. The answer is posted below the wildlife photo. A. False The opposite is true. The demand for housing will begin to increase and home prices will start to follow the trend. Prices will increase.
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By David Saks
((retired))
                                                           #2321 When someone advises a client regarding a real estate matter and is advising this client for purchase of investment purposes this person is called a mortgage broker ? True or false ? Take your time. The answer is posted below the wildlife photograph. A. False A mortgage broker assists a client in the search to finance the property. The person we're referring to is known as a real estate counselor.
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HUD AND CENSUS BUREAU REPORT NEW RESIDENTIAL SALES IN JULY             Sales of new single-family houses in July 2013 were at a seasonally adjusted annual rate of 394,000, according to estimates released jointly today by the U.S. Department of Housing and Urban Development and the Census Bureau.  This is 13.4 percent (±14.5%)* below the revised June rate of 455,000, but is 6.8 percent (±18.6%)* above the July 2012 estimate of 369,000.             The median sales price of new houses sold in July 2013 was $257,200; the average sales price was $322,700. The seasonally adjusted estimate of new houses for sale at the end of July was 171,000. This represents a supply of 5.2 months at the current sales rate.             New Residential Sales data for August 2013 will be released on Wednesday,...
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HUDHomestore Mobile Search The HUDHomestore search app is incredible ! It'll help you find a HUD home. FAST ! It was made for your smartphone. It's very quick and will return listings instantly showing you available HUD homes for sale throughout the nation. You can search for homes by street, city, state and ZIP code. The listings include photos of the property and include information that details. bed/bath, the year built, listing agent, square footage, and who may bid on the property. Maps are included and show you how to get to the listing location.     HUDHomestore Mobile Search App Features   1. You can locate HUD homes anywhere in the US quickly   2. You can search by street address, county, city, state, or ZIP code   3. You can perform instant searches for nearby homes, and can m...
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By David Saks
((retired))
    My Sweet Little Home In Memphis (circa 1952) This Is Where I Live My Backyard The Heart-Shaped Rose Bush On the Fence The Little Porch (must be Java-enabled to see) It's Small, It's Warm, It's Cozy It's All Mine (not the bank's) Been Here 13 Years I Don't Need Another I'm Satisfied What does your home look like ? Include a Picture With Your Comment If You Like   -David-  
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I was up early Sunday morning.     The rains were coming down in the southeast of the county and I suppose the churches were still in session.         I was excited. It was the day of the ActiveRain MeetUp in Memphis. But only handful of friends came by Starbucks. There were four who listen to my radio program on Saturday night from 9 till midnight. They know that I talk about ActiveRain on my show.       Three women who wanted to chat about how to get a license, and mortgages.   I didn't take any pictures.  There were no ActiveRain members. Just me.     And it was the last day of "Elvis Week" !       Some just partied too hard Saturday night and couldn't get out of bed ?   The next meet-up will be better. We'll have strawberry pancakes, Southern Style, Ya'll !        
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By David Saks
((retired))
                                                           #2320 When we talk about retail space and office buildings we're usually speaking of examples of special use real estate and commercial property. Please take your time. The answer is posted below the wildlife photo. Is this true or false? A. False When we speak about office builkdings or any type of retail space we're referring to commercial property or commercial real estate. Industrial real estate is real estate that includes factories and warehouses. Special use real estate includes churches of housing facilities for the homeless. 
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By David Saks
((retired))
                                                             #2319 When we talk about REALTORS® we're talking about professionals that are members of the National Association of Real Estate Brokers. Is this true or false ? This is a very tough question, so please take your time before you scroll down below the wildlife photo for your solution.   A. False When we talk about members of the National Association of Real Estate Brokers we're referring to Realists. When we talk about REALTORS® we're talking about members of the National Association of REALTORS®.   All wildlife photos are royalty free.
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By David Saks
((retired))
                                                 #2318 Power plants, warehouses and factories are considered examples of commercial property when the various classes of real estate are applied to identify such properties. Is this true or false ? Take your time. The solution is posted below the wildlife photo. A. False Power plants, warehouses and factories are not commercial properties. They're classified as industrial properties because of the nature of the businesses they house.
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By David Saks
((retired))
                                                          #2317 When we consider the supply of labor and the cost of construction we also consider that supply of labor and cost of construction will impact the demand for real estate in any market region. Is this consideration true or false ? Please take your time. The solution is posted below the wildlife photo. A. False Cost of construction and the supply of labor impact the supply of real estate in any market region. Job opportunities and relocation, such as the opening of a military installation, can impact the demand for real estate or housing in all of it's aspects.
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By David Saks
((retired))
                                                 #2316 There are five classes of real estate. They are commercial, residential, agricultural, rental, and special purpose. Is this characteriztion of the five classes of real estate true or false ? Take your time. The solution is posted below the wildlife photo. A. False The five classes of real estate are commercial, residential, agricultural, industrial and special purpose. Rental is not considered a class of real estate. Rental property could find it's way into an investment category.
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By David Saks
((retired))
                                                             #2315 When something has the quality of being of uniform throughout in it's composition or structure or has the quality of being similar or comparable in kind or nature we call it homogenoeous. Land has some of this quality. Land is indestructable and immobile. Parcels of land share some of this homogenous quality. But when land has a lack of uniformity, when it is considered unlike other parcels of land, dissimilar so to speak, there is another term which describes land of this nature. What is the term that describes this lack of uniformity ? Please take your time. The answer is posted below the wildlife photo. A. Non homogeneity Real estate is said to be nonhomogenous because no two parcels of real estate are consisdered to ...
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By David Saks
((retired))
                                                              #2314 A man is building a deck on the rear patio slab of his new home. He has just purchased the lumber which he needs to build the deck. The lumber has just been delivered by the trucking company and left in the driveway for him. Is the lumber considered to be real property (property to be affixed to the existing structure), or personal property ? Remember to take your time. The answer is posted below the wildlife photo. A. Personal property because it isn't affixed to the property. By converting personal property (the lumber) into an assembled fixture which is permanently attached to the house, a process known as annexation takes place.  Until this process has occurred, the unattached lumber remains personal property. Licen...
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By David Saks
((retired))
                                                           #2313 When considering the concept of real estate, most of the follwing would be included in the sale of a parcel of land except which of the following items ? 1. Air Rights above the property 2. The rights to the trees 3. The rights to the mineral substance below the surface of the land 4. The annual crops produced on the land Please take your time. The answer is posted below the wildlife photo. A. The annual crops produced on the land Fruit, vegetables, corn, soybean, cotton or other crops are considered personal property and are transferred  in the sale of the property unless the farmer has indicated that he intends to harvest his crops, or has made other preparations to remove them as these items are considered personal prop...
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By David Saks
((retired))
                                                        #2312 When a buyer purchases a parcel of land and turns around and negotiates the sale of the oil rights to a petroleum refinery or mineral rights to a mining group what kind of right is the buyer rescinding to the buyer of the mineral or petroleum company ? Take your time. The solution is posted below the wildlife photograph. Subsurface rights. The buyer has given up the rights to the natural resources lying below the surface of the land in the sale negotiation.
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By David Saks
((retired))
                                                           #2311 A man owns a building in a commercial section of the community. The man has a tenant that rents space in the property that he owns. The tenant operates a beauty parlor. The tenant has installed display shelves. These are fixtures fastened to the walls which house beauty products for sale to her customers. What are these fixtures commonly referred to by the owner of the property? Take your time. The answer is posted below the wildlife photo. The fixtures are known as trade fixtures and the fixtures may be removed by the tenant before the expiration of the lease.
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  Elvis Presley January 8, 1935 August 16, 1977 Live Cams From Graceland From Memphis to ActiveRain  The Candlelight Vigil in Progress Elvis Belongs to the World ! -David- The live Graceland Cam updates every 60 seconds. Use your Web browser's refresh button (F5) to see the most up-to-date image..                                                                     Graceland Mansion Entrance Live Graceland Mansion front lawn.  
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