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101 Things To Do In Memphis #82: National Civil Rights Museum

by Melissa Thompson

 

 

 

 

 

 

 

 

 

The National Civil Rights Museum is a complex of museums and historic buildings in Memphis, Tennessee; its exhibits trace the history of the Civil Rights Movement in the United States from the 17th century to the present. Through interactive exhibits, historic collections, dynamic speakers and special events, the museum offers visitors a chance to walk through history and learn more about a tumultuous and inspiring period of change. Noted as one of the nation’s premier heritage and cultural museums, the National Civil Rights Museum is steadfast in its mission to share the culture and lessons from the American Civil Rights Movement and explore how this significant era continues to shape equality and freedom globally.

Established in 1991, the museum is built around the former Lorraine Motel, where Rev. Martin Luther King, Jr. was assassinated on April 4, 1968. Two other buildings and their adjacent property, also connected with the King assassination, have been acquired as part of the museum complex.

The museum offers 260 artifacts, more than 40 new films, oral histories, interactive media and external listening posts that guide visitors through five centuries of history – from the beginning of the resistance during slavery, through the Civil War and Reconstruction, the rise of Jim Crow, and the seminal events of the late 20th century that inspired people around the world to stand up to equality.

When it comes to civil rights, its important not only to learn about historical milestones but also to interpret them in a way that can be applied to todays challenges. Through multi-sensory and multi-media innovations, historical artifacts and structures, events, speakers and online resources, the National Civil Rights Museum champions educational programming and offers visitors a full immersion experience.

Call 901.521.9699 or visit the website for additional info.

National Civil Rights Museum

450 Mulberry Street
Memphis, TN  38103

 

By and photo credit: civilrightsmuseum.org

 

3847 Peachtree Cove- Gorgeous Move-in Ready Bartlett Home!

by Melissa Thompson

Welcome home to this fabulous, move-in ready, 4 bedroom home located in beautiful Bartlett! It features gleaming hardwood floors, neutral colors throughout, soaring ceilings, and more! The spacious great room boasts a cozy gas log fireplace and lots of natural light. The dazzling dining room is perfect for hosting dinner parties. The wonderful eat-in kitchen features a tile floor and comes with a full complement of appliances perfect for preparing meals. The downstairs Master Suite is a true getaway with a luxurious bath with Double vanities, whirlpool tub, separate shower, and 2 walk-in closets. 3 additional upstairs bedrooms share a full bathroom. This beautiful home also includes a laundry room, 2 walk-in attics, a delightful fenced backyard with a spacious patio for entertaining, and a 5 car garage! Don’t miss out on this opportunity!

Melissa Thompson has distinguished herself as a leader in the Memphis TN real estate market. Melissa assists buyers looking for Memphis real estate for sale and aggressively markets Memphis TN homes for sale.

Melissa brings with her a keen eye for the details of buying or selling a Memphis TN home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future –Melissa Thompson will help make the most of your Memphis TN real estate experience. Give her a call today, 901-756-8900, and discover the difference she can make during your family’s next move.

Is Qualifying for a Mortgage Getting Easier?

by Melissa Thompson
 

Is Qualifying for a Mortgage Getting Easier? | Keeping Current Matters

There has been a lot of talk about how difficult it is to get a home mortgage in today’s lending environment. However, three recent reports have revealed that lending standards are beginning to ease. This is great news for both first time buyers and current homeowners looking to move or buy a second vacation/retirement home. Let’s look at the three reports:

The MBA’s Mortgage Credit Availability Index

This index, issued by the Mortgage Bankers’ Association, measures the availability of credit available in the home mortgage market. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of a loosening of credit. We can see that the index has been increasing nicely this year:

Mortgage Credit Availability Index | Keeping Current Matters

Fannie Mae’s latest Mortgage Lender Sentiment Survey

This survey revealed that more lenders report that mortgage lending standards across all loan types are easing. The survey asked senior mortgage executives whether their company’s credit standards have eased, tightened, or remained essentially unchanged during the prior three months. The gap between lenders reporting easing as opposed to tightening over the prior three months jumped to approximately 20%. This represented a new survey high of "net easing." In addition, the share of lenders who expect their organizations to ease credit standards over the next three months also ticked up this quarter.

Doug Duncan, senior vice president and chief economist at Fannie Mae, addressed this easing of standards:

"For the first time in seven quarters, we see a pronounced increase in the share of lenders, particularly medium- and larger-sized lenders, reporting on net an easing of credit standards … This is a significant result in light of public discourse on credit availability and standards … Overall, we expect that lenders' tendency toward easing credit standards, together with relatively low mortgage rates and a strengthening labor market, will continue to support the housing market expansion."

Ellie Mae’s latest Origination Insights Report

The easing of credit standards is also confirmed in this report which showed that the average FICO score on a closed loan fell to its lowest point in well over a year. Here is a chart of average FICO scores on closed loans so far in 2015:

Ellie Mae FICO Scores | Keeping Current Matters

Just keep an eye on interest rates…

Although this is all great news, there was one challenge in the recently released data.Ellie Mae reported that the average interest rate on closed loans is beginning to inch upward:

Ellie Mae Interest Rates | Keeping Current Matters

What this means to you…

If you are a first time buyer or a current homeowner thinking of moving up to a bigger home or buying a vacation home, now may be the time to act. Mortgage lending standards are beginning to ease and interest rates are beginning to inch up.

 

6648 Booth Forrest Cove- Spacious Bartlett Home with Sparkling Pool

by Melissa Thompson

Welcome home to 6648 Booth Forrest Cove, an amazing Bartlett home that you will have to see to believe! Built for entertaining, this spacious home offers an open floor plan with impressive formal rooms, plus comfortable everyday living spaces. Quality features include gleaming hardwood floors, ventless gas log fireplace, 2 year old roof & water heater, 2 new AC units, laundry room, 3 bedrooms plus bonus room, oversized 2 car garage with built-ins, and so much more! Enjoy comfortable everyday living in the captivating great room flaunting a cozy vent less gas log fireplace, beautiful hardwood floors, soaring ceiling, cooling ceiling fan/light, tons of windows allowing natural light to beam in, neutral colors, and a staircase leading upstairs. Cooking will be a delight in this incredible eat-in kitchen with cabinet and counter space galore, crown molding, breakfast bar, neutral colors, large pantry, island, pull out shelves, pan rack, full complement of stainless steel appliances including a self-cleaning oven, microwave, dishwasher, double sinks and range. Host the finest dinner parties in the romantic dining room embellished with a dazzling chandelier, gleaming hardwood floors, chair rail and crown molding. You will rest easy in your downstairs master retreat with a high ceiling, walk-in closet, plush carpeting, and a cooling ceiling fan/light. The spa-inspired, updated, luxury master bathroom boasts a dual sink granite vanity, nice cabinetry with lots of storage, durable tile floor, relaxing whirlpool tub and a divine walk-in shower with tile surround. Two additional bedrooms come complete with plush carpeting, closets, soothing ceiling fan/lights, and a shared full hall bathroom with a tub/shower combination. Upstairs you will find a fabulous bonus room offering a great space for a home office and recreational fun with soft carpeting, neutral colors, and a cooling ceiling fan/light. Relax outside in the fenced backyard with a sparkling pool, storage shed and a nice covered patio with cooking ceiling fan. This awesome backyard is perfect for cookouts and parties!

Melissa Thompson has distinguished herself as a leader in the Memphis TN real estate market. Melissa assists buyers looking for Memphis real estate for sale and aggressively markets Memphis TN homes for sale. Melissa brings with her a keen eye for the details of buying or selling a Memphis TN home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future –Melissa Thompson will help make the most of your Memphis TN real estate experience. Give her a call today, 901-756-8900, and discover the difference she can make during your family’s next move.

101 Things To Do In Memphis #81: Memphis Air Show

by Melissa Thompson

The Memphis Airshow, featuring the USAF Thunderbirds, will take place this weekend, September 25-27 at the Millington Regional Jetport. Three full days of dynamic, high performance aerobatics, family entertainment, aircraft ground displays, Kids Fun Zone, all with festival food and atmosphere! 

Gates open at 9:30 a.m. each day, and kids aged 0-4 are admitted for free.

Some of this year’s amazing performers include:

USAF Thunderbirds
Millions of people have witnessed the Thunderbirds demonstrations, and in turn, they’ve seen the pride, professionalism, and dedication of hundreds of thousands of Airmen serving at home and abroad. Each year brings another opportunity of the team to represent those who deserve the most credit: the everyday, hard-working Airmen voluntarily serving America and defending freedom.

Shockwave
Shockwave presents the World Famous SHOCKWAVE JET TRUCK! The baddest/most impressive jet ground vehicle on the planet! Three times the smoke, three times the fire, three times the noise, and three times the horsepower! THREE afterburning J34-48 jet engines totaling 36,000 HP. SHOCKWAVE is the Guinness Book World Record holder for the fastest jet truck in the world at 376 MPH.

FA 18 Super Hornet Tac Demo
See a VFA-122 Super Hornet in action. The Tactical Demonstration, or "Tac Demo" team, flies the single-seat F/A-18E and two-seat F/A-18F as close to the "edge of the envelope" as safety and prudence allow. The routine highlights the Rhino's maneuverability and slow-speed handling characteristics and has been very well received around the country.

Click here for the full line up.

The Memphis Airshow has announced they will host a Car and Bike Show this year. So bring out your car, park on the flight line, and be a part of this years great show. Share this event with friends that have an antique, classic hot rod, restored, souped up, etc car or bike! They will be giving away $2500 in cash prizes each day!

It doesn’t matter where you sit if you come to this event; just look up and you’ll have a great view of all the activities. A really great airshow like this one really does offer something for everybody.
 

Millington Regional Jetport
8182 Hornet Avenue
Millington TN 38053

Call 901.867.7007 or visit www.memphisairshow.org to purchase tickets and for additional info.

 

By and photo credit: memphisairshow.org

 

The Cost of Waiting to Buy a Home

by Melissa Thompson
 

The Cost Of Waiting To Buy A Home | Keeping Current Matters

The National Association of Realtors (NAR) recently released their July edition of the Housing Affordability Index. The index measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national level based on the most recent price and income data.

NAR looks at the monthly mortgage payment (principal & interest) which is determined by the median sales price and mortgage interest rate at the time. With that information, NAR calculates the income necessary for a family to qualify for that mortgage amount (based on a 25% qualifying ratio for monthly housing expense to gross monthly income and a 20% down payment).

Here is a graph of the income needed to buy a median priced home in the country over the last several years:

Qualifying income | Keeping Current Matters

And the income requirement has accelerated even more dramatically this year as prices have risen:

Qualifications | Keeping Current Matters

Bottom Line

Some buyers may be waiting to save up a larger down payment. Others may be waiting for a promotion and more money. Just realize that, while you are waiting, the requirements are also changing.

 

 

Melissa Thompson has distinguished herself as a leader in the Memphis TN real estate market. Melissa assists buyers looking for Memphis real estate for sale and aggressively markets Memphis TN homes for sale.

Melissa brings with her a keen eye for the details of buying or selling a Memphis TN home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future –Melissa Thompson will help make the most of your Memphis TN real estate experience. Give her a call today, 901-756-8900, and discover the difference she can make during your family’s next move.

Search greater Memphis Real Estate For Sale

Adorable 3 Bedroom Home in East Memphis!

by Melissa Thompson

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Welcome home to this adorable, updated, move-in ready, all on one level, 3 bedroom home in East Memphis! Close to the U of M and just a walk away from parks and shopping, it features new gleaming wood laminate floors, new tile, new water heater and more! As you walk through the front door you are welcomed into the spacious great room illuminated with lots of natural light beaming through windows, gorgeous wood laminate flooring, decorative fireplace and cooling ceiling fan/light. The dazzling dining room is perfect for hosting dinner parties. Off the great room , you will find a nice area that could be used as a sitting room or office space. Style and utility are masterfully fused together in this wonderful kitchen equipped with new tile floors, pristine white cabinetry, backsplash, dishwasher, self-cleaning oven, range, and built-in breakfast bar/shelf. The large laundry room has cabinets and counter space for your convenience. This amazing home features a charming front porch, all new electrical, new HVAC, new wood laminate flooring, new tile, and fresh paint. Don't miss out on this FABULOUS home!

Melissa Thompson has distinguished herself as a leader in the Memphis TN real estate market. Melissa assists buyers looking for Memphis real estate for sale and aggressively markets Memphis TN homes for sale. Melissa brings with her a keen eye for the details of buying or selling a Memphis TN home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future –Melissa Thompson will help make the most of your Memphis TN real estate experience. Give her a call today, 901-756-8900, and discover the difference she can make during your family’s next move.

101 Things To Do In Memphis #80: Children’s Museum of Memphis

by Melissa Thompson

 

 

 

 

 

 

 

The Children's Museum of Memphis creates memorable learning experiences through the joy of play in hands-on exhibits and programs. Fun and educational learning experiences designed to help discover science, math, health, and art.

Parents and kids both will discover a fun new world at the Children’s Museum of Memphis. Of course, parents don’t have to play and learn along with the kids, but you will probably want to. Kids rejoice! At this museum, you are supposed to touch everything! Hands-on, interactive exhibits and activities are the focus here. Exhibit topics range from waterworks to health, recycling to house construction, money to transportation. The special theater area has costumes and puppets for performing plays, as well as painting, sculpting, and weaving. Transportation exhibits have a motion simulator, hot air balloon, even a mini-van that kids can "drive" and "repair." A splash / play area adds an extra dash of fun, weather permitting. One of the most popular exhibits is the Skyscraper -- a multi-level, vertical maze for kids. Tots have their very own Playscape -- with a toddler-size treehouse, and a host of other stuff for little ones to explore. Through the special exhibits, performances, and programs everyone learns something.

The museum also hosts many events and programs including book clubs, special camps, golf tournaments, and trivia. Click here for the full schedule. Planning a birthday party, company meeting, wedding, holiday party… the museum offers facility rentals for just about any occasion. A small café, brown bag area, and a gift shop are also on the premises.

Children play to learn! Adults learn to play again! The place where play IS learning!

Visit the website for additional information or call 901.458.2678
2525 Central Avenue, Memphis, TN

 

By and photo credit: cmom.com

 

Thinking of Buying a Home? Ask Yourself These 3 Questions!

by Melissa Thompson
 

Thinking of Buying a Home? Ask Yourself These 3 Questions! | Keeping Current Matters

If you are debating purchasing a home right now, you are surely getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in real estate.

Let’s look at whether or not now is actually a good time for you to buy a home.

There are 3 questions you should ask before purchasing in today’s market:

1. Why am I buying a home in the first place?

This truly is the most important question to answer. Forget the finances for a minute. Why did you even begin to consider purchasing a home? For most, the reason has nothing to do with finances.

A study by the Joint Center for Housing Studies at Harvard University reveals that the four major reasons people buy a home have nothing to do with money:

  • A good place to raise children and for them to get a good education
  • A place where you and your family feel safe
  • More space for you and your family
  • Control of that space

What non-financial benefits will you and your family derive from owning a home? The answer to that question should be the biggest reason you decide to purchase or not.

2. Where are home values headed?

When looking at future housing values, Home Price Expectation Survey provides a fair assessment. Every quarter, Pulsenomics surveys a nationwide panel of over 100 economists, real estate experts and investment & market strategists about where prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.

Here is what the experts projected in the latest survey:

  • Home values will appreciate by 4.1% in 2015.
  • The cumulative appreciation will be 18.1% by 2019.
  • Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of over 10.5% by 2019.

So what does that really mean for you and your family?

The chart below was made using the Home Price Expectation Survey’s predictions:

Homeowner's Family Wealth Over the Next 4 Years | Keeping Current Matters

If the experts are right and you were to purchase a home by January 2016 for $250,000, that home would appreciate by over $34,000 over the next four years! As we have reported before, homeownership is one of the best ways to build your family’s wealth.

3. Where are mortgage interest rates headed?

A buyer must be concerned about more than just prices. The ‘long term cost’ of a home can be dramatically impacted by an increase in mortgage rates.

The Mortgage Bankers Association (MBA), the National Association of Realtors andFreddie Mac have all projected that mortgage interest rates will increase by approximately one full percentage over the next twelve months as you can see in the chart below:

Mortgage Rate Projections | Keeping Current Matters

Bottom Line

Only you and your family will know for certain if now is the right time to purchase a home. Answering these questions will help you make that decision.

 

101 Things To Do In Memphis #79: International Goat Days Festival

by Melissa Thompson

Get your goat and make your way to the 26th annual International Goat Days Festival! Millington's annual celebration of the noble goat is this Friday, September 11th 5:30 p.m. – 10 p.m. and Saturday, September 12th 7 a.m. – 10 p.m. FREE admission and FUN for the whole family!

The festival features Goat Shows, Goat Chariot Races, KCBS Sanctioned BBQ Contest, Lumberjack Shows, Antique Tractor Show, Fishing Rodeo, Tractor Pull, Arts & Crafts, Lions Club Pancake Breakfast, Horseshoe Tournament, Hayrides, Games and Inflatables, Car Show, and GOATS, GOATS AND MORE GOATS! 

International Goat Days draws over 30,000 participants and spectators from throughout the United States for this multi-day community festival. This year, Millington is thrilled to welcome back the nationally acclaimed Paul Bunyan Lumberjack Show. This action-packed lumberjack show features World Champion Lumberjacks log rolling, chopping, sawing, axe throwing and more! The Paul Bunyan Lumberjack Show is a historical, educational, humorous show, filled with audience participation. This is a must see event!

Whether it be the KCBS Championship BBQ contest, arts and crafts, equestrian events or the tractor show that brings you to Goat Days, the goats remain the main attraction. In addition to the Babe Howard and Robin Cotten Memorial MGR Goat Shows, the TN Dairy Goat Association will be on hand with demonstrations, milking contests and more. You are welcome to bring your own “Billy” or “Nanny” and enter the KIDS ON PARADE with prizes for the silliest goat, best goat look-a-like and funniest goat. What? You don’t have your own goat? No worries! You can “rent” one from the TN Dairy Goat Association that is already trained to walk on a lead.

You don't want to miss this incredible family-friendly festival that celebrates our agricultural history and raises money for a variety of non-profit organizations in the area.

Venue – USA Stadium, 4351 Babe Howard Blvd., Millington, TN  38053. Parking is $5. Visit the website or call 901.873.5770 for additional information.

 

By and photo credit: millingtontn.gov

Displaying blog entries 1-10 of 17