Memphis last month was named as one of 29 metropolitan areas to be included on the First American Improving Markets Index

Homes sales in Memphis remain fairly strong compared to the rest of the country and there are thousands of fantastic houses currently for sale on the Team Sylvester Memphis Homes Search website. End Quote

Memphis, TN-AR-MS (1888PressRelease) March 28, 2012 - Welcome to Memphis! Team Sylvester Memphis is the best resource for Memphis Real Estate and Homes Search; there really is no need to go anywhere else. Their team is comprised of Memphis Realtors each specializing in Memphis homes for sale, Memphis Condos, Memphis Lofts, first time home buyers, foreclosures, home sellers, and Memphis relocation. Team Sylvester Memphis has a comprehensive, daily updated Memphis real estate site, which permits their clients to freely search all Memphis Homes and Memphis Condos by map, subdivision and MLS number. Also, please visit their Memphis Real Estate blog and their Memphis Real Estate Forum to find out more about Memphis communities and subdivisions, mansions, and condo buildings for sale.

The housing industry might be leveling out according to recent numbers from the National Association of Home Builders and its First American Improving Markets Index. Ninety-nine markets showed improvement in February. Overall markets have steadily increased since September 2011. This is consistent with the NAHB's projections for a gradual but patchy recovery in which some month-to-month softening is likely, particularly in places where the measurable gains have been very small. The bottom line is that roughly one quarter of all U.S. metropolitan areas are showing signs that their housing markets have turned the corner, which is a very positive development. Data released by the National Association of Home Builders has pegged Memphis as one of 98 improving housing markets across the nation. The index identifies metro areas that have shown improvement from their respective troughs in housing permits, employment and house prices for at least six consecutive months.

Many markets on the February First American Improving Markets Index are far from fully recovered, the index points out where employment, home prices and housing production are no longer retreating and this is a sign that a large cross section of the country is starting to improve as local economic conditions stabilize. Data collected from the U.S. Bureau of Labor Statistics demonstrates Memphis has experienced an employment growth rate of 3.1 percent since bottoming out in September 2010. Meanwhile, house prices have increased 1.1 percent since hitting recessionary lows in March 2011 and single-family housing permit growth, as reported by the U.S. Census Bureau, has increased 2.8 percent from its trough in April 2009. Many are hopeful that spring on the horizon will spur even more homebuilding and buyer activity.

About Team Sylvester Memphis: This Memphis Real Estate Website is a useful tool, but feel free to call Team Sylvester Memphis (901-219-0641) for personal, one-on-one help with the biggest financial decision you will make in your life...Purchasing a Memphis Home. Also, check Team Sylvester Memphis out at: http://memphishomes-search.com/

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