7814 FAWN RIDGE CV Memphis, TN 38016

Property Site: http://tour.remax-tennessee.com/home/S687ZC/7814-FAWN-RIDGE-CV-Memphis-TN-10079673

Wonderful 5BR/3BA Home in Quiet Cove~Formal Dining Room w/Tons of Natural Light~Large Great Room w/Fireplace & Vaulted Ceilings~Spacious Eat-In Kitchen w/Lots of Cabinet Space + Breakfast Bar + Pantry~Huge Owners Suite Down w/Walk-In Closet & Luxury Bath~Two Addtl Bedrooms + Full Bath + Laundry Room Also Down~Two Bedrooms + Full Bath + Bonus Room Up~Fresh Interior Paint & New Carpet Throughout~Fenced-In Backyard w/Large Wood Deck~AND MORE!!

Bedrooms: 5

Bathrooms: 3

Square feet: 2,800

Price: $225,000

For more information about this property, please contact Jennifer Carstensen at 901-685-6000 or jennifer@livelovememphis.com. You can also text 6313256 to 67299 (Message and Data Rates May Apply, see terms and privacy policy).

See more listings at: jcarstensen.remax-tennessee.com

MLS ID: 10079673

https://www.facebook.com/jensellsmemphis https://twitter.com/livelovememphis https://www.youtube.com/c/jennifercarstensenmemphisrealestate

63 N MERTON ST Memphis, TN 38112

Property Site: http://tour.remax-tennessee.com/home/ML6TVQ/63-N-MERTON-ST-Memphis-TN-10079639

Wonderful 3BR/2BA Home in Central Midtown Location~Formal Dining Room w/ Lots of Natural Light~Large Great Room w/ Gas Fireplace~Spacious Kitchen w/ Gas Cooking + Huge Pantry~Large Master Bedroom w/ Two Closets + Full En-Suite Bath~Split Bedroom Floor Plan w/ Two Additional Spacious Bedrooms & Full Bath~Laundry Closet~Tall Smooth Ceilings Throughout~2" Laminate Blinds~Beautiful Scored Concrete Floors~Large Private Fenced-In Backyard w/ Covered Patio~AND MORE!!

Bedrooms: 3

Bathrooms: 2

Square feet: 1,600

Price: $265,000

For more information about this property, please contact Jennifer Carstensen at 901-685-6000 or jennifer@livelovememphis.com. You can also text 6313252 to 67299 (Message and Data Rates May Apply, see terms and privacy policy).

See more listings at: jcarstensen.remax-tennessee.com

MLS ID: 10079639

https://www.facebook.com/jensellsmemphis https://twitter.com/livelovememphis https://www.youtube.com/c/jennifercarstensenmemphisrealestate

New Index Reveals Impact of COVID-19 on Real Estate

Earlier this month, realtor.com announced the release of their initial Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry, tracking each of the following:

1. Housing Demand – Growth in online search activity
2. Home Price – Growth in asking prices
3. Housing Supply – Growth of new listings
4. Pace of Sales – Difference in time-on-market

The index then compares the current status “to the last week of January 2020 market trend, as a baseline for pre-COVID market growth. The overall index is set to 100 in this baseline period. The higher a market’s index value, the higher its recovery and vice versa.”

The graph below charts the index by showing how the real estate market started out strong in early 2020, and then dropped dramatically at the beginning of March when the pandemic paused the economy. It also shows the strength of the recovery since the beginning of May.It’s clear to see that the housing market is showing promising signs of recovery from the deep economic cuts we experienced earlier this spring. As noted by Dean Mon, Chairman of the National Association of Home Builders (NAHB):

“As the nation reopens, housing is well-positioned to lead the economy forward.”

The data today indicates the housing market is already on the way up.

Bottom Line

Staying connected to the housing market’s performance over the coming months will be essential, as we continue to evaluate exactly how the housing market is doing in this uncharted time ahead.

Source: Keeping Current Matters | The KCM Crew 06272020

3161 RALEIGH-MILLINGTON RD Memphis, TN 38128

Property Site: http://tour.remax-tennessee.com/home/4XFB7H/3161-RALEIGH-MILLINGTON-RD-Memphis-TN-10079442

Renovated 4BR/2BA Home on Large Lot~Large Great Room w/Lots of Natural Light~Formal Dining Room~Spacious Kitchen w/Tons of Cabinet Space~Large Master Bedroom w/En-Suite Bath~Three Additional Spacious Bedrooms + Full Bath~Fresh Interior Paint Throughout~New Carpet Installed~Side Load Carport & Covered Patio~AND MORE!!

Bedrooms: 4

Bathrooms: 2

Square feet: 1,800

Price: $90,000

For more information about this property, please contact Jennifer Carstensen at 901-685-6000 or jennifer@livelovememphis.com. You can also text 6306240 to 67299 (Message and Data Rates May Apply, see terms and privacy policy).

See more listings at: jcarstensen.remax-tennessee.com

MLS ID: 10079442

https://www.facebook.com/jensellsmemphis https://twitter.com/livelovememphis https://www.youtube.com/c/jennifercarstensenmemphisrealestate

2104 COWDEN AVE Memphis, TN 38104

Property Site: http://tour.remax-tennessee.com/home/NWKQKG/2104-COWDEN-AVE-Memphis-TN-10079346

Wonderful 5BR/3BA Home in Historic Idlewood District~Large Relaxing Front Porch Welcomes You In~Formal Dining Room w/Lots of Natural Light~Huge Great Room~Updated Kitchen w/Tons of Cabinets & Counter Tops + SS Appliances & Pantry~Three Large Bedrooms + 2 Full Baths Down~Two Bedrooms + Full Bath Up~Fresh Interior Paint~Exterior & Deck Recently Painted~Tall Smooth Ceilings~Gorgeous Hardwood Floors Throughout Majority of House~Large Fenced-In Backyard w/Deck & In Ground Swimming Pool~AND MORE!!

Bedrooms: 5

Bathrooms: 3

Square feet: 2,400

Price: $345,000

For more information about this property, please contact Jennifer Carstensen at 901-685-6000 or jennifer@livelovememphis.com. You can also text 6303736 to 67299 (Message and Data Rates May Apply, see terms and privacy policy).

See more listings at: jcarstensen.remax-tennessee.com

MLS ID: 10079346

https://www.facebook.com/jensellsmemphis https://twitter.com/livelovememphis https://www.youtube.com/c/jennifercarstensenmemphisrealestate

4022 CLIFFDALE ST Memphis, TN 38127

Property Site: http://tour.remax-tennessee.com/home/FQS22U/4022-CLIFFDALE-ST-Memphis-TN-10079272

Great 3BR/1BA One Story Home in Quiet Neighborhood~Large Great Room or Living Room/Living Room Combo~Great Eat-In Kitchen w/Lots of Cabinet Space~Three Spacious Bedrooms + Full Bath~1 Car Carport Attached~AND MORE!

Bedrooms: 3

Bathrooms: 1

Square feet: 1,000

Price: $50,000

For more information about this property, please contact Jennifer Carstensen at 901-685-6000 or jennifer@livelovememphis.com. You can also text 6300290 to 67299 (Message and Data Rates May Apply, see terms and privacy policy).

See more listings at: jcarstensen.remax-tennessee.com

MLS ID: 10079272

https://www.facebook.com/jensellsmemphis https://twitter.com/livelovememphis https://www.youtube.com/c/jennifercarstensenmemphisrealestate

Is the Economic Recovery Already Underway?

The Wall Street Journal just released their latest monthly Survey of Economists. In an article on the findings, they reported:

“The U.S. economy will be in recovery by the third quarter of this year, economists said in a survey that also concluded the labor market will fare better than previously expected following the effects of the coronavirus pandemic.”

Clearly, the latest jobs report from the U.S. Bureau of Labor Statistics confirmed the labor market is outperforming expectations, as it revealed that 2.5 million jobs were added. Directly before the release, experts forecasted that we would lose over 8 million jobs.

A second revelation indicating the economy is already about to turn around was also somewhat unexpected. More than 9 out of 10 economists surveyed believe the recovery has already begun this quarter or will begin in the third quarter. Here are the results of the survey question asking when the recovery will begin:

The survey also asked what type of recovery the economists expect.

More than 8 out of 10 believe it will be a form of a ‘V’ recovery:

• A true ‘V’ with a sharp drop and a sharp rebound
• A ‘Nike Swoosh’ with a sharp drop and a more gradual recovery, coined after the company’s logo

Some experts, possibly concerned about a second wave of COVID-19, call for a ‘W’ recovery – a double dip recession.

Others call for a ‘U’ with a prolonged bottom.

A very small percentage project the dreaded ‘L’ recovery, which is no recovery at all for the foreseeable future (think of the Great Recession).

Here’s the breakdown:

Bottom Line

Though we still have a long and difficult journey ahead, it appears the worst for both the economy and the unemployment situation may be in our rearview mirror.

Source: Keeping Current Matters | The KCM Crew 06172020