real estate
City-by-city price guide: Memphis
Memphis is singing the blues -- home prices dropped and foreclosures rose in 2007. The Southern city was No. 13 among the top 20 metro areas, with 2.14 percent of households entering some stage of foreclosure.
| | Median price end of 2007: | $124,300 | | Median price end of 2006: | $141,900 | | % change: | - 12.4% | | Projected change through Q3 2008: | + 1.1% | | Affordability rating: | 4.1 | | Foreclosures in 2007:
(1 for every 47 households) | 11,291 | | Foreclosures in 2006:
(1 for every 61 households) | 8,662 | | Change in foreclosures: | + 30.4% |
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| Current rate comparison »Click here for state vs national rates
| Price trends
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