Posts from January 25th, 2009
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January
25
25
Jackson Area Home Sales Plummet - Clarion Ledger, Jackson, Mississippi www.clarionledger.com
jeff.ayres@jackson.gannett.com
January 25, 2009
It's tough to sell a house these days. Just ask Brandon resident J.P. Martin.
He has not only seen prices plummet and inventories swell as he tries to sell his Byram home, but also must contend with a new round of payments at his new home in Rankin County.
When he put the 4-year-old Byram house up for sale more than seven months ago, the asking price for the 1,300-square-foot, three-bedroom, two-bathroom house was $124,900. It was lowered to $119,000 last week.
More price reductions may not make a difference, Martin said, as an ongoing credit crunch makes it more difficult for many people to buy homes.
"We've had quite a few people...
January
25
25
Crye-Leike Posts $4 Billion In Sales - Chattanooga Times Free Press www.timesfreepress.com
Crye-Leike Realtors held its annual meeting on Thursday for its Chattanooga region offices.
Nationwide, the company's agents sold 25,871 homes in 2008 valued at $4.2 billion.
"The market's not what it was a year ago but there is still a lot of real estate moving," said Crye-Leike President Dick Leike. "Some agents actually did better in 2008 improving their sales totals over what they sold in 2007."
CEO Harold Crye said he expects the real estate market to begin picking up in May or June
"With banks cutting builders back, there is not a whole lot of new construction going on right now. We expect to see a shortage of homes in 2010 which will drive home values back up."
Nationwide, the company's agents sold 25,871 homes in 2008 valued at $4.2 billion.
"The market's not what it was a year ago but there is still a lot of real estate moving," said Crye-Leike President Dick Leike. "Some agents actually did better in 2008 improving their sales totals over what they sold in 2007."
CEO Harold Crye said he expects the real estate market to begin picking up in May or June
"With banks cutting builders back, there is not a whole lot of new construction going on right now. We expect to see a shortage of homes in 2010 which will drive home values back up."
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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