Posted by Jeremy on April 08, 2006 at 20:55:45:
Nashville is up and coming, they saw about 10% appreciation across the board there in 05’, and while it is still inexpensive, I forsee that market’s prices continuing to grow at a pretty good pace. If you’re looking for some properties to hold and cashflow long term, I would suggest Memphis, particularly Bartlett and Cordova areas. 3bed, 2 bath homes are in generous supply, the rental market is strong, and prices are low. I recently read somewhere that the market is one of the most undervalued in the country, and I believe it, judging by the fact that the home I own there was recently appraised at about $90 per square foot. Yes, homes come cheap in metro Memphis.