© 2024 WKNO FM
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

BTH: Memphis Real Estate in High Demand

WKNO-TV

This week on WKNO-TV's Behind the Headlines, host Eric Barnes interviews guests about the Memphis real estate market, which is seeing record highs. Wendy Greenlaw with Chandler Reports calls the current market "unprecedented" in terms of demand and housing prices.  

"We are seeing figures that we have never seen in Shelby County," she says, citing increases in value across the board, from high-end homes to properties bought by investors for the rental market. 

"Consumer confidence is really high," says guest Steve Brown, president of residental sales with Crye-Leike. "Unemployment is low. There's a lot of pent up demand. A lot of people have put off buying and they feel better."

Home builder David Goodwin says that there is a "sense of urgency" to buy before interest rates increase.

https://youtu.be/MBOuTgVuDO4","_id":"0000017a-2ee4-d736-a57f-3eef6e0c0000","_type":"035d81d3-5be2-3ed2-bc8a-6da208e0d9e2"}">https://youtu.be/MBOuTgVuDO4" id="LPlnk177429" previewinformation="1" rel="noopener noreferrer" style="font-family: Calibri, sans-serif; font-size: 14.6667px;" target="_blank">https://youtu.be/MBOuTgVuDO4","_id":"0000017a-2ee4-d736-a57f-3eef6e0c0000","_type":"035d81d3-5be2-3ed2-bc8a-6da208e0d9e2"}">https://youtu.be/MBOuTgVuDO4

Reporting from the gates of Graceland to the balcony of the Lorraine Motel, Christopher has covered Memphis news, arts, culture and politics for more than 20 years in print and on the radio. He is currently WKNO's News Director and Senior Producer at the University of Memphis' Institute for Public Service Reporting. Join his conversations about the Memphis arts scene on the WKNO Culture Desk Facebook page.