Thursday, November 29, 2007


What does a local bank say about loan options and sub-prime mess?

A couple of days ago I interviewed a banker in Dyersburg about their exposure to the sub-prime mess. Many of my readers are asking me how Dyersburg has been affected by all this. I have posted several articles about this but will make a copy of the interview available for you to read. I have placed a copy of the interview over in the right colume under" First State Bank Interview"


Wednesday, November 28, 2007


Another new factory in the area

Just wanted to make my readers aware that another new factory just opened across the river from Dyersburg,Tn in Armorel,Arkansas. This plant is located just one mile from Nucore Steel and they get their sheet metal material from Nucore. This company is called Roll Coater and they sell many different metal products and actually apply the paint surface to the metal in this new plant.

The reason I mention this company or even knew about this company is because a leasing management company working for them contacted me and rented 2 corporate apartments from me for a few months. After contacts with this company I learned that they hope to be fully staffed(around 70 people) within 2-3 months. They actually started production about 2 months ago and had their grand opening November 15th.

Now what does this have to do with Dyersburg Real Estate? Many of the people going to work at this plant will be just like the Nucore people and choose to live in Dyersburg. A very large portion of the Nucore people do live in Dyersburg. I sold a house to a new Nucore employee just a few weeks ago and I am sure my company will help relocate many of these employees as well.

I have placed a link to the Roll Coater website over in the right colume. The source I talked to at Roll Coater told me they plan to hire about 23 more people in the next few weeks.

Labels: ,

Tuesday, November 20, 2007


Thanksgiving Holiday

I just wanted to wish all my readers a Happy Thanksgiving. Most of us will be spending the holidays with our families.

I am very thank-ful for all the blessings the Lord has given me including my family and friends and also thank-ful for all the service men and women serving "us".I cannot help but remember the years I spent in the Air Force overseas and away from my family during the holidays.

We sure have a lot to be thank-ful for.


Wednesday, November 14, 2007


Investors coming from California to Tennessee

I spent the whole day today showing a California investor commercial properties here in the Dyersburg Tennessee area. We also met an inspector at two commercial properties she has under contract in Newbern. This investor is also a licensed California realtor and she says she has lots of investors ready to purchase here in West Tennessee.

We looked at several commercial properties here and many of them are real possibilities for her clients. I keep hearing the same thing from these California investors,"boy are prices cheap here". I agree that our prices have not skyrocketed like many places around the country and for that reason we are not suffering with falling prices like many parts of the country.

The Dyersburg real estate market is pretty stable right now and my agents and I are still selling alot of property. The dynamics for Dyersburg are good and my short term and long term projections are still very good.


Wednesday, November 07, 2007


Businee holding up well

I had a couple of agents retire their license last week(non producers) and the rest of my agents and myself are really busy. Many of my agents are writing contracts and showing houses. I am writing a contract and also trying to get a nice home I listed last night into the MLS.

I did a market analysis yesterday for the price range $350,000-$450,000 and was pleasantly surprised. Homes in that price range are still moving and even appreciating. In my last post I mentioned a house I sold for $156,000. That price range also appears to still be doing well in the good areas.

Please do not buy into the national media who say real estate sales are bad everywhere. Real estate sales are not bad in the Dyersburg,Tennessee area. I will have to admit that I am not seeing the 5-6% appreciation we were experiencing but in those two price ranges mentioned above, we are still doing pretty well.

People are still moving into the area and they have to have a place to live. Also, local people are still moving up or moving down. Interest rates for homes have been dropping as of late and that should continue to help sales in our market.


This page is powered by Blogger. Isn't yours?

Subscribe to Posts [Atom]