MB Realty Memphis Reviews

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March 9, 2023

Memphis home prices continue to raise

It's always important to stay informed about the housing market, especially if you're interested in buying or selling a home. While it's true that Memphis area home prices continue to rise, it's good to hear that the appreciation is slowing down. This could mean that the market is stabilizing, which could be a good thing for both buyers and sellers. It's also worth noting that Memphis is an exciting place to live, with a rich culture and history, and many wonderful neighborhoods to choose from. If you're in the market for a home in Memphis, in town-downtown, or out-of-town, we would encourage you to work with a reputable real estate agent who can help guide you through the process and find the right home for your needs and budget. Call 901.799.0299 and we will walk you through the current state of the Memphis area housing market.

Feb. 13, 2023

Buying a Home in Memphis, Mortgage Loans Explained

Feb. 6, 2023

Mortgage Rates Historically Decline in Recessions

Mortgage Rates Historically Decline in Recessions

Two in three economists are forecasting a recession in 2023, but you don’t need to fear the word recession when it comes to the housing market. Let's TALK so you always have the latest insights as the housing market changes. Play our short video for a look at the history of mortgage rates. For information about the current state of housing and mortgage rates, Let's Talk.

Memphis TN mortgage rates will follow the national trends in the housing market and mortgage markets. If you considering purchasing or selling a home this year, Let's Talk 901 799 0299. We are your advocate for being a knowledgeable home buyer or home seller.  

Mortgage Rates Historically Decline in Recessions

Bottom Line: Don't let the fear of a possible recission be the reason you do not pursue your dreams of home ownership. 

Jan. 30, 2023

Have Home Values Hit Their Low?

Have Home Values Hit Their Low?

Headlines about home prices leave you with more questions than answers. News about home prices falling are raising concerns about a repeat of falling home prices in 2008.

One of the questions those headlines bring is how much will home prices decline. But experts aren’t expecting a free fall in prices. In fact, the latest data indicates the largest portion of month-over-month price depreciation nationally may already have occurred. And those numbers weren’t significant declines on the national level. Or in the Memphis Tennessee area. Instead, the question is if home values have hit their low.

The chart provides a look at the most recent Case-Shiller reports, the Federal Housing Finance Agency (FHFA), Black Knight, and CoreLogic. It shows nationally that home values month-over-month since January 2022. November and December numbers have yet to come out.

The red numbers are the change in home values over the last four months that have been published. And if we isolate the previous four months home price depreciation peaked in August.

While it isn't guaranteed that home price depreciation has hit bottom, it confirms prices aren’t in free fall. It may be an early signal that the worst is behind us. As numbers for November and December are released, we will be able to further validate this national trend. And in Memphis Tennessee

Have Home Values Hit Their Low? 

Home prices month-over-month have depreciated for the past four months on record. There’s a strong case to be made that the worst may be behind us. If you have questions about home prices in Memphis Tennessee, Let's Talk.

Jan. 23, 2023

Want To Sell Your Home? Price It Right.

Want To Sell Your Home? Price It Right.

Last year home sales slowed due to higher mortgage rates. That had an impact on home prices. If you’re thinking of selling your home, adjust your expectations accordingly. As realtor.com explains:

In a more moderate market, how you price your house will make a big difference to your Net profit, and how quickly your house could sell. Homes priced correctly are selling in today’s Memphis TN market.

Price too low, you may leave money on the table or buyers may wonder if that means something is wrong with the home. Price too high, you run the risk of running off buyers. When that happens, you may need a price reduction to increase interest in a home that has sat on the market for longer than it should. 

To avoid either headache, price it right from the start. MB Realty located in Memphis TN knows how to determine that ideal asking price range. Balancing the value/sales price of homes in your neighborhood, current market trends, buyer demand, and condition of your home vs others to find the right price range. We say "range" since exact is not possible. The market price is determined by agreement between the seller and buyer. Proper pricing leads to stronger offers and a greater likelihood your house will sell quickly.

Want To Sell Your Home? Price It Right.

Homes that are priced at current market value are still selling. To make sure you price your house correctly to maximize your sales potential and minimize your hassle. Let's Talk MB Realty 901 799 0299


The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice.
Jan. 16, 2023

Today’s Housing Market Vs 2008, 15 Years Ago

Today’s Housing Market Vs 2008, 15 Years Ago


Today’s housing market is very different than the past couple of years 2020 to 2022. Many people compare or are concerned the current market will become like the 2008 housing crisis. There are a few similarities, but significant differences.

Let's look at the facts. Today is very different than the housing market of 15 years ago. Look at this chart for comparing 2008 and the present housing market.

Today’s Housing Market Vs 2008

Rising inventory rising and less competition from other buyers means opportunity right now. Home prices always go up and recover from recessions(if one occurs, though debatable) and this may be the only buyer's market you see for some time. Long term, you should view this market as an opportunity and equity builder for the future.

Jan. 3, 2023

Considering Buying or Selling a Home

Considering buying or selling a home, then you need to know the reality of home prices, mortgage interest rates, and housing inventory. Please take a look at the current news headlines.

Jay Thompson, Real Estate Industry Consultant, states:“Housing market headlines are everywhere. Many are pretty sensational, ending with exclamation points or predicting impending doom for the industry. Clickbait, the sensationalizing of headlines and content, has been an issue since the dawn of the internet, and housing news is not immune to it.”

When information about the current state of housing is unclear, it can generate fear and uncertainty in the market.
As Jason Lewris, Cofounder and Chief Data Officer at Parcl, says: “In the absence of trustworthy, up-to-date information, real estate decisions are increasingly being driven by fear, uncertainty, and doubt.”

It doesn’t have to be that way. Buying or selling a home is a big decision. You should feel confident. To help you separate fact from fiction, let's talk about the actual reality of the current housing market. Do you know how the current market compares to the normal ebbs and flows in the industry and historical data? It's crucial you understand what’s happening at the national and local levels. We'll provide context using actual national and local data and our in-depth knowledge of the industry.

After all, making a move is a potentially life-changing milestone. It should be something you feel ready for and excited about. Without pressure!
Bottom Line
If you have questions about the headlines or what’s happening in the housing market today,
Let's Talk so you have expert insight and advice.

Dec. 29, 2022

Pricing Your Home Right is Not Hard

The importance of pricing your house right is shown by our slide. Make no mistake about it one of the most important things in today's housing market is getting the house properly priced. You'll attract more buyers, your home will sell quicker, and you probably get a much better price. Please Like and Subscribe. Brian and Melinda Stitzinger are Realtors® and the Broker/Owner of MB Realty LLC in Memphis Tennessee. Contact them at 901 799 0299 www.mbrealtymemphis.com Opinions are those of Brian and Melinda Stitzinger and should not be considered advice. For a consultation with them, call 901 799 0299.

Oct. 14, 2022

Four Things That Determine Your Mortgage Rate

Four Things That Determine Your Mortgage Rate

If you’re buying a home, then you want to secure the lowest interest rate possible for your home loan. Over the last few of years that was easier to do with the housing market at record-low mortgage rates.But, this year rates have risen dramatically.

If you’re looking for ways to combat today’s higher rates and lock in the lowest one you can, here are a few factors to focus on. Since approval opportunities can vary, connect with one of our trusted lenders for advice. We can provide you some names.

Your Credit Score

Credit scores can play a big role in your mortgage rate. Freddie Mac explains:

“When you build and maintain strong credit, mortgage lenders have greater confidence when qualifying you for a mortgage because they see that you’ve paid back your loans as agreed and used your credit wisely. Strong credit also means your lender is more apt to approve you for a mortgage that has more favorable terms and a lower interest rate.”

That’s why it’s important to maintain a good credit score. If you want to focus on improving your score, your trusted advisor can give you expert advice to help.

Your Loan Type

There are many types of loans, each offering different terms for qualified buyers. The Consumer Financial Protection Bureau (CFPB) says:

“There are several broad categories of mortgage loans, such as conventional, FHA, USDA, and VA loans. Lenders decide which products to offer, and loan types have different eligibility requirements. Rates can be significantly different depending on what loan type you choose.”

When working with your real estate advisor, make sure you find out what’s available in your area and which types of loans you may qualify for.

Your Loan Term

Another factor to consider is the term of your loan. Just like with location and loan types, you have options. Freddie Mac says:

“When choosing the right home loan for you, it’s important to consider the loan term, which is the length of time it will take you to repay your loan before you fully own your home. Your loan term will affect your interest rate, monthly payment, and the total amount of interest you will pay over the life of the loan.”

Depending on your situation, the length of your loan can also change your mortgage rate.

Your Down Payment

If you’re a current homeowner looking to sell and make a move, you can use the home equity you’ve built over time toward the down payment on your next home. The CFPB explains:

“In general, a larger down payment means a lower interest rate, because lenders see a lower level of risk when you have more stake in the property. So if you can comfortably put 20 percent or more down, do it—you’ll usually get a lower interest rate.”

To learn more, connect with a lender to find out the difference a higher down payment can make for your new mortgage.

Four Things That Determine Your Mortgage Rate

Bottom Line, Let's Talk before you Start your Home Search

These are just few factors that can help determine your mortgage rate if you’re buying a home. The best thing you can do is have a team of professionals on your side. Connect with a local real estate professional and a trusted lender so you have the expert advice you need in each step of the process. Let's Talk

Oct. 3, 2022

October 2022 Monthly Newsletter

Real Estate with MB Realty

How To Prep Your House for Sale This Fall
How To Prep Your House for Sale This Fall
Today’s housing market is different than it was just a few months ago. And if you’re thinking about selling your house, that may leave you wondering what you need to do differently as a result. The answer is simple. Taking the time upfront to prep your house appropriately and create a solid plan can help bring in the greatest return on your investment.
Read the Full Post
How an Expert Can Help You Understand Inflation & Mortgage Rates
How an Expert Can Help You Understand Inflation & Mortgage Rates
If you’re following today’s housing market, you know two of the top issues consumers face are inflation and mortgage rates. Let’s take a look at each one.
Read the Full Post
Why Buying a Home May Make More Sense Than Renting [INFOGRAPHIC]
Why Buying a Home May Make More Sense Than Renting [INFOGRAPHIC]
If you’re trying to decide whether to rent or buy a home, consider the advantages homeownership offers.
View the Infographic
Condos Are a Great Entryway to Homeownership
Condos Are a Great Entryway to Homeownership
If you’re looking to buy your first home, you may want to consider condos. Let’s connect to explore your options.
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Melinda & Brian Stitzinger
MB Realty
Memphis, Tennessee