Memphis No. 1 for Foreclosure Bargains -- Good for Investors, Not so Good for Neighborhoods
The Commercial Appeal (2007-Current) › September 01, 2010
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Summary
A foreclosure-listing service has rated Memphis as the nation's No. 1 place to find a foreclosure bargain, but Jim Reedy started mining that gold here hundreds of houses ago.
On Tuesday, RealtyTrac ranked Memphis first among five metro areas where discounts on distressed properties average at least 35 percent, median home prices have risen year-over-year and the unemployment rate is relatively stable compared to national and state averages.See the full content of this document
Extract
Memphis No. 1 for Foreclosure Bargains -- Good for Investors, Not so Good for Neighborhoods
The other areas highlighted by RealtyTrac were in and around Milwaukee; Buffalo, N.Y.; Cleveland and San Francisco.
"As the national economy continues to laboriously work its way ...See the full content of this document
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