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Located in “The Volunteer State,” Memphis is a city in Tennessee with approximately 633,000 residents. It’s is on the Mississippi River and is the second-largest city in the state, next to the capital city of Nashville.

Memphis is full of musical history. Influential soul, blues and rock-n-roll legends like B.B. King, Elvis Presley and Johnny Cash recorded at the famous Sun Studio, commonly called the “birthplace of rock and roll.” You can stroll Beale Street and take in the rich history of Memphis.

In addition to its musical history, Memphis has world-renowned barbecue. In fact, the annual World Championship Barbecue Cooking Contest draws 100,000 visitors alone.

If you’re considering a move to Memphis and want to know a bit more about each of its neighborhoods, we’ve got you covered! We’ve done the research and highlighted the best neighborhoods in Memphis.

15 best neighborhoods in Memphis

Named after its Egyptian sister city on the Nile, Memphis means “established and beautiful” and it’s just that. Here are 15 of the best neighborhoods in Memphis. As you consider each one, keep in mind that all are within the city limits of Memphis, so you’ll get to experience all the culture that this great city has to offer.

  • Walk Score: 41/100

Looking for a slice of Hollywood but without the traffic? Welcome to Belle Meade, home to part of the set of the Hollywood hit “The Firm.” But don’t worry, the lawyers in this town will let you move if you want to. Only Tom Cruise was unlucky on that front.

This quiet suburban area is a great place for people looking to settle down near the downtown area. With many hiking trails and delicious restaurants, anyone would be happy living in Belle Meade. The neighborhood is very walkable and has an average commute time of 30 minutes to downtown Memphis.

  • Median 1-BR rent: $795
  • Median 2-BR rent: $950
  • Walk Score: 50/100

Founded in 1893 by an Irish immigrant named W.H. Bingham, the neighborhood of Binghampton has evolved immensely through the years. The city and residents of Binghamton have made a dedicated effort to grow the city, as it once was a more isolated part of Memphis.

Nowadays, the city has tree-lined streets, flower beds and art murals on prominent buildings and streets — like Broad Avenue —throughout to make it more appealing. The neighborhood has an annual art walk where street vendors and artists converge to play music, sell artisan crafts and food and mingle with the community. If you live in Binghampton, you definitely don’t want to miss this festive gathering. And if you’re a cyclist, the new two-way bike lane is underway! The neighborhood boasts of a walking score of 50 and an even better biking score of 63.

Source: Rent./Kimbrough Towers
  • Median 1-BR rent: $930
  • Median 2-BR rent: $1,210
  • Walk Score: 69/100

Another historic neighborhood in Memphis is Central Gardens, which was once home to upper-class families who moved during the cotton boom. Due to the historic nature and relevance of the homes in Central Gardens, the area is a historic conservation zone.

While Central Gardens is densely populated, it’s a great option for singles as most of the households in the neighborhood are without children. The commute is nothing to complain about either with commute times averaging about 25 minutes. This area is home to several dining options, too. Residents of this area look forward to the Garden and Home Show every September.

  • Median 1-BR rent: $695
  • Median 2-BR rent: $725
  • Walk Score: 33/100

Nestled on the north side of Memphis, Frayser is by the Wolf River, the Mississippi River and the Lossahatchie River. In the neighborhood alone, there are 10 parks you can frequent. Try Davy Crockett Park State Park, where you can camp, explore or visit a historic museum. This is a great neighborhood for those looking to bike, hike, dog walk and generally enjoy the outdoors.

Frayser gets its name from a prominent Memphis physician named Dr. J Frayser who summered at a home near the railroad, which is to the east of the neighborhood. While Dr. Frayser could afford a summer home here, don’t let that fool you on the cost of the rent.

  • Walk Score: 41/100

Harbor Town is known to its residents as a little oasis located just outside of downtown Memphis. This premiere neighborhood and urbanist town sits atop a large 132-acre sand bar known as Mud Island.

While Harbor Town is known as a more upscale area, it’s also very affordable for young professionals looking to settle down near the city center. The town itself is very walkable and easy to navigate as it feels more like a mini-city. Take a walk down the main strip and you’ll pass by everything you need from a quaint grocery store to unique boutiques.

Harbor Town is home to the iconic Paulette’s where you can stop in for a one-of-a-kind Sunday brunch.

  • Median 1-BR rent: $1,200
  • Walk Score: 48/100

The High Point Terrace neighborhood is in the eastern part of Memphis. It’s close to Downtown so residents can enjoy the perks of Memphis but it also has a suburban feel. High Point Terrace is on the federal government’s list — the National Register of Historic Places. The architecture, buildings and overall neighborhood were deemed important to preserve due to its history in greater Memphis. One memorable claim-to-fame is the famous playwright, Tennessee Williams, who wrote his infamous play-turned-movie “Period of Adjustment” in the neighborhood of High Point Terrace itself.

This neighborhood tends to have younger residents, with 40 percent of residents under the age of 45. If you’re looking to plant roots and start a family, this is a great neighborhood to consider. Full of shops, grocery stores, coffee shops and bars, High Point Terrace is a small community where you’ll be surrounded by kind, hard-working Tennesseeans.

Source: Rent./Love Tunica
  • Walk Score: 37/100

Another great area to live in on the north side of Memphis is Hyde Park. The main focal point of this neighborhood is Hollywood and Chelsea Streets. Here, you’ll find unique shops and yummy restaurants. Some of the top-rated restaurants are The Second Line and The Hollywood Fish Market. If you live in the south, you need to try their famous catfish and you can do just that at these two high-rated restaurants.

This community is highly engaged and you’ll find your neighbors strolling the local parks or meeting at the Shasta Central community center. If you’re looking for a neighborhood near Memphis itself but with a close-knit neighborhood feel, give Hyde Park a try.

  • Median 1-BR rent: $660
  • Median 2-BR rent: $795
  • Walk Score: 58/100

Known as a college neighborhood, Normal Station is home to part of the University of Memphis. Due to its close proximity to the university, this neighborhood is mainly composed of young college students. As you would find in any college town, Normal Station has several student rental homes, fraternities and small rental homes at affordable rates for students.

The neighborhood itself isn’t very walkable, so a lot of the residents bike or drive to get around. If you’re a student looking for a great place to live out your college years check out Normal Station as your next home.

  • Walk Score: 41/100

Pinch District is a historic area of Memphis located close to the Wolf River. Originally home to Irish, Russian and Jewish immigrants, Pinch District was the first commercial city in Memphis.

During the 1990s, the famous Pyramid Arena was built in hopes of bringing new life into the neighborhood. However, things took a turn when several of its large commercial sites moved locations. Pinch District is currently undergoing a billion-dollar expansion that will surely bring new, exciting business to the neighborhood.

While Pinch District is a quieter neighborhood in Memphis, it still has a lot of charm. There are some great coffee shops that recently opened such as Comeback Coffee or Alcenia’s. The commute from Pinch District to downtown Memphis is on average 15-30 minutes, so residents will likely need a car as the walk score is only 41.

Source: Rent./The Meadows
  • Median 1-BR rent: $731
  • Median 2-BR rent: $803
  • Walk Score: 26/100

Raleigh is a neighborhood in Memphis located on the northeast side of the city. It’s near the Wolf River and Frayser, another one of the best neighborhoods in Memphis.

Raleigh is a neighborhood full of hard-working, kind people. The main economy is retail, however, Nike has a distribution center in this area, too. Stage Road is a popular area in the neighborhood where you can go for a walk, window shop and grab a bite to eat. Locals enjoy good food and shops in this town and a crowd favorite is Moma’s Bar-B-Q or Dindie’s Soul Food.

  • Walk Score: 58/100

Steeped in folklore, Sherwood Forest is a neighborhood in east Memphis that has roots in the story of Robin Hood. While you probably won’t see Robin Hood’s merry men roaming around, you will see several streets named after the story like Robin Hood Lane, Maid Marion Lane and Little John Road.

Sherwood Forest neighborhood is known as a family-friendly suburb with good schools for children to attend. The neighborhood is about a mile away from the University of Memphis, so you’ll have a good blend of college-aged students and recent grads living here. The area has a nice blend of shops and bars plus a wonderful park to get in touch with nature. Sherwood Forest Park has trails, tennis courts, a golf course and even a botanical garden.

  • Median 1-BR rent: $1,579
  • Median 2-BR rent: $1,679
  • Walk Score: 19/100

Southwind is a neighborhood in Memphis on the southeast side of the city. This is an affluent neighborhood with several residents having bachelor’s degrees. The schools are highly recommended and it’s a good place for families.

If you like golf, this is a great neighborhood because the Southwind Golf Course is on the PGA tour and is a World Championship Golf Course. Other outdoor activities include walks, hikes and strolling around local parks.

Source: Rent./The Helix at the District
  • Median 1-BR rent: $880
  • Median 2-BR rent: $1,021
  • Walk Score: 72/100

Feel like stepping back in time? The Victorian Village neighborhood is the place for you. Once known as Millionaires Row, Victorian Village is a town rich with history due to its many homes built in the late 1800s. While the neighborhood is still home to these impressive homes, the suburban area is a great place for all types of people.

Victorian Village is home to many must-see museums such as the Woodruff-Fountaine House Museum. If you’re looking for a historic and walkable neighborhood in Memphis, then renting an apartment in Victorian Village is a great choice.

  • Median 1-BR rent: $904
  • Median 2-BR rent: $1,012
  • Walk Score: 41

Voillintine-Evergreen is close to downtown Memphis. One of the prominent features of this neighborhood is the layout of ranch-style 78 buildings surrounding the old synagogue. It’s part of the National Register of Historic Places, in fact.

People living in Voillintine-Evergreen like their history and fight to preserve it and its aesthetic. The residents are usually retired or empty-nesters, so it’s a great place for people looking for a more quiet lifestyle. That being said, you’ll still find plenty to do whether that’s eating at local eateries, sipping freshly brewed coffee or walking throughout one of the neighborhood parks.

  • Median 1-BR rent: $599
  • Median 2-BR rent: $835
  • Walk Score: 30/100

You can’t help falling in love with this neighborhood. Whitehaven is most famous for “Graceland.” More than a half-million people come to visit Elvis Presley’s home-turned-museum each year and pay their respects to the rock-n-roll legend.

While this landmark is cool for music lovers, residents of Whitehaven enjoy the suburban feel and parks like T.O. Suburban State Park. This neighborhood tends to attract empty-nesters, so it’s quieter compared to neighborhoods full of families.

Find the best Memphis neighborhood for you

Whether you choose a neighborhood in the heart of Memphis or elsewhere you can rest assured that you’ll find great people and apartments in any of the best neighborhoods in Memphis. Memphis is a city full of apartments for pet lovers, park lovers, nightlife lovers or even coffee lovers.

The rent information included in this article is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent. as of November 2021 and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

Source: rent.com

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Retail giant Amazon announced on Wednesday the launch of a new pilot program designed to assist moderate-income families in three different U.S. communities with the purchase of up to 800 homes, in partnership with the National Housing Trust (NHT).

The initiative will include $40 million to assist residents in the Puget Sound, Washington, Arlington, Virginia, and Nashville, Tennessee communities, the company said. Amazon says the investment will “help moderate-income residents in these communities to purchase homes as a path to help build generational wealth.”

The nonprofit NHT will use the funds from Amazon’s program to acquire and build affordable homes for sale in partnership with a network of local organizations in across the three communities.

These include Habitat for Humanity Seattle-King & Kittitas Counties serving the Puget Sound region; the African Community Housing & Development (ACHD) and Homestead Community Land Trust both serving King County, Wash., the Douglass Community Land Trust in Washington, D.C. and The Housing Fund serving Nashville.

Additional partnerships through this program are possible in the future, the company said.

Amazon cites data from the National Association of Realtors (NAR) attributing affordability challenges to the “combination of rising interest rates and increasing home prices” in a majority of U.S. metropolitan areas.

“Amazon and NHT will invest in community land trusts, a model where the land itself will be owned and stewarded by nonprofits and community-based organizations, and where residents will own their physical homes,” the company said in its announcement. “Removing the cost of the land from the total cost of the home allows the price of homes to stay affordable, stabilizing families in their communities while combating gentrification.”

Last year, Amazon made a housing investment of $10.6 million into the Nashville area to build and renovate 130 affordable homes, bringing its then-total investment into that community to roughly $100 million.

Source: housingwire.com

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Amazon.com Inc. is making its first foray into support for home ownership, putting up $40 million through nonprofit partners to create affordable housing. 

The move comes after the e-commerce giant has provided some $1.7 billion to create or preserve affordable rental units as part of a $2 billion initiative launched two years ago. 

The homeownership program announced Wednesday will back projects near the company’s two headquarters sites in Seattle and Arlington, Virginia, as well as Nashville, a hub for Amazon’s logistics group. The National Housing Trust, a nonprofit, will use Amazon’s cash to acquire or build affordable homes in partnership with local organizations. The company anticipates the cash going to fund community land trusts, which hold onto the underlying land, but sell the structures to defray some of the cost associated with buying a house, as well as down payment assistance. 

“Traditionally in the United States, homeownership has been the path to generational wealth creation,” said Senthil Sankaran, managing principal of Amazon’s Housing Equity Fund and a former official with the Washington, D.C., Housing Authority. “We wanted to use this pilot program to understand where there might be opportunities to expand access to homeownership for folks that may be shut out from the benefits of homeownership.” 

Amazon committed in 2021 to investing $2 billion in below-market loans and grants to support affordable apartment units, adding its sum to the more than $5 billion fellow technology giants had earmarked to help solve a housing crisis in and around their West Coast headquarters cities. The companies have funded a variety of approaches, from low-cost loans to nonprofits to partnerships with government entities or state affordable housing funds. Amazon’s effort is centered on people who make too much to qualify for most government assistance, but are unable to keep up with rising housing costs.

Would-be homebuyers in the last year have had to contend with rising interest rates that can put mortgage loans out of reach. U.S. housing affordability in July was at a record low going back to 1989, the National Association of Realtors said last week.

Amazon’s original fund, which was launched with a goal of creating or supporting the preservation of 20,000 housing units by 2025, is nearing the end of its initial outlay. Sankaran said it was premature to say whether Amazon would reinvest the sum in perpetuity, or whether the scale of the new homeownership program would be expanded in the future. Amazon, thus far, said it has helped build or preserve more than 14,000 rental units to date.

“We’re going to have some additional announcements coming forward,” Sankaran said. “Right now, I’m very focused on meeting the goals.” 

Source: nationalmortgagenews.com

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La-Z-Boy Furniture designers Barbie Bates, Carolyn Porter and Maribel Montes talked about trends in furniture styles and La-Z-Boy Furniture co-owner, Andrew Nickerson gave us a look at their newly redesigned showroom. There are three La-Z-Boy Furniture Galleries locations in and around the Nashville area: 3010 B Mallory Lane Franklin, TN 37067, 1041 Glenbrook Way Hendersonville, TN 37075 and 3017 Medical Center Parkway Murfreesboro, TN 37129. For more information, visit https://www.la-z-boy.com/nashville/.

Source: newschannel5.com

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In recent years, the modern farmhouse design style has taken the interior design world by storm, becoming one of the most sought-after and beloved trends. This aesthetic combines the warmth and charm of traditional farmhouses with the clean lines and simplicity of contemporary design, resulting in a timeless and inviting atmosphere. 

Looking to transform your home into a modern farmhouse haven? This Redfin article offers essential elements and home improvement tips for achieving this style, whether you’re buying a house in Austin, TX or remodeling a home in Nashville, TN.

The key elements of Modern Farmhouse design

Neutral color palette: Modern farmhouse interiors often feature a neutral color scheme as the foundation. Whites, creams, soft grays, and muted earth tones set the stage for a calming and cohesive atmosphere. These colors create a backdrop that allows other design elements to shine.

Natural materials: Incorporating natural materials is a hallmark of the modern farmhouse style. Exposed wood beams, reclaimed wood flooring, and stone accents add warmth and character to your home. Opt for furniture and decor made from materials like reclaimed wood, metal, and stone to enhance the rustic appeal.

Open floor plans: Modern farmhouse homes typically embrace open floor plans, promoting a sense of spaciousness and connectivity. Removing walls and barriers between the kitchen, dining, and living areas allows for a seamless flow and encourages family and friend interaction.

Farmhouse sink: A classic farmhouse sink is a focal point in the kitchen. These deep, apron-front sinks are not only practical, but also add a touch of nostalgia and charm to the space. Pair it with a stylish and functional bridge faucet for an authentic farmhouse look.

Shaker cabinets: Shaker-style cabinets are a popular choice in modern farmhouse kitchens. Their simple, clean lines and recessed panel doors offer a timeless aesthetic. You can paint them in soft, neutral colors or go for a more rustic finish for added character.

Barn doors: Barn doors have become a symbol of modern farmhouse design. These sliding doors save space and contribute to the rustic ambiance. They can be used to separate rooms or conceal storage areas.

Industrial lighting: Incorporate industrial-style lighting fixtures, such as pendant lights with metal or glass shades, to add a touch of contemporary flair to your farmhouse decor. Edison bulbs and fixtures with matte black or aged brass finishes work well in this context.

13 expert tips for achieving the Modern Farmhouse Style

Achieving the modern farmhouse style is an art, and it often requires attention to detail and a keen eye for design. Here are some expert tips to help you master this popular aesthetic:

1. Mix old and new

“Modern farmhouse design combines the warmth of tradition with the sleekness of modern design,” says Small House Solutions, a custom design build firm. “It’s characterized by open spaces and a balance between old and new. To give it a fresh twist, consider using shiplap on unexpected surfaces, like ceilings or islands, embodying the fusion of textures that defines the style.”

2. Texture matters

According to Newberry Architecture, an architecture company, “The importance of texture in modern farmhouse design cannot be overstated. It’s about taking the traditional concepts of a farmhouse – natural elements, craftsmanship, and simplicity in construction, and using textured materials, wood, streams of natural light, and earth tones to reimagine them in an innovative way. This could involve a creative take on paneling, or a fresh finish on a classic material, all while blending in the use of modern hardware, fixtures, or furniture. It’s a surprising view of traditional architecture that makes a space feel pioneering.”

3. Simplicity is key

“One effective way to bring modern farmhouse design to life is focusing on simplicity,” suggests Indie Farmer, a farming magazine. “This entails using a neutral color palette and incorporating rustic materials and textures. In our own modern farmhouse self-build, we opted for white walls, large windows, and a polished concrete floor with exposed aggregate. We kept the external design of the house simple, using black corrugated metal for the walls and roof, with contrasting wooden cladding in the recessed areas around the large sliders. The interior was finished with a mixture of mid-century furnishings, modern artwork, and some rustic antiques to create a cozy and inviting atmosphere.”

4. Incorporate statement pieces

According to Casy Honeycutt, Vice President of Quicksilver Custom Builders located in North Carolina, “When it comes to statement pieces in your modern farmhouse design, choose farmhouse-inspired fixtures and furnishings. This could include shaker-style cabinets, barn doors, farmhouse sinks, industrial lighting fixtures, and exposed wooden beams. To further elevate your space, add personal touches by customizing it with vintage or family heirloom pieces, family photos, and unique decor items that make the space feel warm and welcoming.”

5. Quality over quantity

McAllen Interior Designer emphasizes that, “Modern Farmhouse Design represents the sleekest and cleanest version of the Farmhouse Style. When working on a Modern Farmhouse project, it’s crucial to avoid using fake or look-alike materials. Instead, opt for natural stone, wood, brass, leather, and objects that have aged beautifully with patina. Choose furniture with clean lines, create textile layers, and resist the urge to go overboard with farmhouse decor. Avoid placing chicken figurines in your kitchen or hanging farmhouse signs. Instead, embrace muted and neutral colors, keeping in mind that less is more in achieving the desired aesthetic.”

6. Functionality matters

HomeDesigns AI, an AI platform for redesign ideas, underscores the importance of functionality in Modern farmhouse design. “It’s not merely a passing trend, but rather a lifestyle choice that resonates with many,” they say. “This style seamlessly blends traditional elements like exposed wooden beams and neutral color palettes with modern amenities and smart home technology, resulting in a unique fusion of rustic charm and contemporary sophistication. For enthusiasts of farmhouse design, the essence lies in creating a warm, inviting space that strikes a harmonious balance between the old and the new, and between functionality and aesthetics. It’s about crafting homes that are not only visually appealing, but also comfortable and practical to live in.”

7. Find harmony between rustic and modern

Nikki’s Plate, a lifestyle blog, points out, “The modern farmhouse design style is a perfect blend of traditional rustic charm and modern functionality. What sets modern farmhouse design apart is its innovative integration of technology and eco-friendly systems for energy efficiency. The mix of materials like reclaimed wood with sleek surfaces such as concrete or metal adds a contemporary edge, while clever storage solutions maximize space and functionality. Overall, modern farmhouse design embodies the ideal combination of classic and contemporary elements, resulting in a warm and inviting space that exudes charm and character.”

8. Add natural accents

“This interior style employs bright, light, and airy colors, such as white, muted grey, or earthy browns, paired with natural and organic textures like wood, rattan, metal, stone, and brick,” says Fresh Design Blog, a source of modern and contemporary interior design. “It also embraces the infusion of natural accents like potted plants, fresh flowers, to bring the outdoors in. In addition, it promotes the use of fresh, woven fabrics and prints that foster comfort and relaxation, a refreshing departure from the fussy vintage fabrics of traditional farmhouse interiors.”

9. Contemporary elegance

Endemic Architecture, a contemporary architecture company, advises, “When considering the design of a modern farmhouse, it’s essential to celebrate the simple forms, materials, and neutral colors associated with a farmhouse. Equally important is to avoid pastiche. One effective way to achieve this is by emphasizing key elements like chimneys, roofs, or porches, even to the point of exaggeration or manipulation. This fosters renewed architectural expressions that are both familiar yet slightly strange, or what we call ‘almost familiar’.”

10. Seamless integrate the indoor and outdoor spaces

 “A distinct characteristic that makes these designs stand out is the thoughtful integration of indoor and outdoor spaces,” says Architecture Collection, an architecture and design community. “This is often achieved through large windows or even entire glass walls that let in an abundance of natural light, creating a harmonious connection between the interior and exterior living areas.”

11. Avoid unnecessary extravagance 

Purcell Timber Frame Homes, experts in custom home design and prefabricated luxury homes claims, “The modern farmhouse embodies timeless simplicity. It’s characterized by clean gable rooflines, typically in white or soft gray board and batten cladding, and a focus on functionality over ornate details. Tall vaulted gable ceilings, a straightforward color palette, and the balance of core living areas define this enduring style. It champions simple, efficient, and sustainable design, avoiding unnecessary extravagance – a true ode to timeless simplicity.”

12. Use an efficient layout

Boutique Home Plans, a custom home plans company, offers insights into creating a timeless modern farmhouse through thoughtful layout design. “The key is to start with a traditional farmhouse massing and footprint, and then open up the living space into a more contemporary layout and flow. Traditionally, farmhouses were simple rectangular structures, organically tacked on to each other as the family’s needs evolved.”

13.Focus on exterior elements

According to DJK Homes Eco-Smart Home, a green custom homebuilder, “When working on your Modern Farmhouse exterior, consider layering white lap siding and board and batten to create texture at the front elevation. Incorporating a standing seam metal roof over the porch or accenting a row of windows adds a contemporary touch. To infuse natural elements, use stained cedar accents at the front columns or add gable details for a sophisticated yet rustic look.”

Modern Farmhouse – The bottom line 

Modern farmhouse design effortlessly blends the charm of traditional farmhouses with contemporary elegance, creating a timeless and inviting atmosphere. Whether you’re drawn to its neutral color palette, use of natural materials, or open floor plans, there are many ways to infuse this style into your home. 

Expert tips, such as mixing old and new elements and prioritizing functionality, can guide you in achieving the perfect modern farmhouse look. With its harmonious combination of rustic and modern elements, this design style offers a warm and welcoming aesthetic that stands the test of time.

Source: redfin.com

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Welcome to Murfreesboro, TN, a city brimming with Southern charm and a rich history that’s as vibrant as its present. If you’re contemplating a move to this delightful city nestled in the heart of the Volunteer State, you’re in for a treat. Beyond the beautiful landscapes and friendly locals, Murfreesboro has a treasure trove of fascinating and fun facts that make it an ideal place to call home.

In this Redfin article, we delve into 10 fun facts about Murfreesboro, from its Civil War significance to its thriving cultural scene and green spaces. So whether you’re on the hunt for a home in Murfreesboro, TN, or you already call this city home, read on to learn why Murfreesboro is such a special place to live.. 

1. The city has a rich history

Murfreesboro played a pivotal role in the Civil War, serving as the site of the Battle of Stones River, one of the most significant conflicts in American history. History enthusiasts will find themselves in their element as they explore the Stones River National Battlefield, an area that preserves the memory of this historic event. Walking the hallowed grounds, you can trace the footsteps of soldiers, gain insight into the strategies employed, and pay tribute to those who sacrificed their lives. It’s an opportunity to connect with the past and understand the enduring impact of the Civil War on Murfreesboro and the nation as a whole.

2. The city was originally named Cannonsburgh

Murfreesboro’s name carries a unique history. Originally called Cannonsburgh in tribute to Tennessee politician Newton Cannon, the city underwent a name change to honor Colonel Hardy Murfree. However, “Murfreesboro” can be a bit of a tongue-twister, so it’s commonly affectionately referred to as “The ‘Boro” by the locals, a more succinct and friendly nickname.

3. You can enjoy a relatively low cost of living

Compared to larger cities in Tennessee, Murfreesboro offers a more affordable cost of living. In fact, the cost of living in Murfreesboro is 9% lower than the national average.

If you’re looking for an affordable Nashville suburb to call home, Murfreesboro might be perfect for you. Located 34 miles southeast of Downtown Nashville, Murfreesboro is actually the largest suburb of Music City. Housing costs are relatively low, with a median sale price of $407K, nearly $53K lower than the Nashville housing market and almost $15K below the national median sale price.

4. There is a vibrant arts and culture scene

The Murfreesboro Center for the Arts is a vibrant hub for entertainment, featuring a diverse range of performances, from concerts and dances to enchanting magic shows and compelling theater productions. Since its inception in 1962, the Murfreesboro Little Theatre has captivated younger audiences, breathing life into the stage. Additionally, don’t miss the annual FolkFest every second week of June, where you can immerse yourself in a delightful showcase of global songs, dances, and performances from around the world.

Murfreesboro’s vibrant arts scene comes alive through the Boro Art Crawl, a bi-monthly event that beckons art enthusiasts and locals alike. This creative extravaganza spotlights the talents of local artists, providing a platform for them to showcase their work to the community.

5. The picturesque downtown encapsulates the city’s charm

Downtown Murfreesboro boasts a charming, historic district filled with unique boutiques, restaurants, and cultural attractions. A leisurely stroll down the picturesque Main Street reveals the city’s small-town charm and rich heritage. Quaint storefronts offer an array of treasures, from handmade crafts to vintage finds, while local eateries serve up delectable cuisine. The district also hosts a variety of cultural events, art galleries, and historical sites, making it a vibrant hub where past and present coexist harmoniously. 

The community gathers together at the square for events like the annual Christmas tree lighting and trick-or-treating. It’s where you’ll find festivals like Jazz Fest and Friday Night Live. 

6. Murfreesboro boasts a thriving music scene

Tennessee is famous for its music, and Murfreesboro is no exception. The city has a vibrant local music scene, with live performances happening regularly in various venues, making it a haven for music lovers. Whether you’re into country, rock, blues, or indie tunes, Murfreesboro offers something for everyone. 

7. Murfreesboro is a tight-knit community

Murfreesboro  boasts more than just historical landmarks and vibrant green spaces—it’s renowned for its tight-knit community. The warmth and welcoming nature of its residents foster a sense of belonging rarely found in larger cities. Whether it’s neighbors helping each other out or the whole town rallying behind a cause, the spirit of unity in Murfreesboro is palpable, making it a truly special place to call home.

8. You can get your nature fix within the city limits

Murfreesboro’s natural beauty shines through its abundant parks and green spaces, making it an outdoor enthusiast’s paradise. Barfield Crescent Park and Gateway Island are prime examples of the city’s commitment to preserving nature. Barfield Crescent Park boasts expansive trails, a pristine lake, and picturesque picnic areas, inviting residents to hike, bike, or simply unwind amid lush surroundings. Gateway Island, on the other hand, offers serene gardens, tranquil ponds, and a tranquil atmosphere perfect for relaxation or contemplation.

9. Murfreesboro was the capital of Tennessee before Nashville

Nashville may be recognized as Tennessee’s capital today, but its historical predecessor was Murfreesboro, which held the title from 1818 to 1826 due to its strategic accessibility to the rest of the state. Dive into these intriguing historical facts and explore the rich tapestry of Murfreesboro’s past at the Oaklands Historic House Museum, where a wealth of captivating history awaits discovery.

10. You can step back in time in Cannonsburgh Village

Step back in time to the 1800s in Tennessee at the captivating Cannonsburgh Village. This meticulously preserved village provides an authentic glimpse into a century of Tennessee’s history. Explore its charming streets, featuring a gristmill, a schoolhouse, a telephone operator’s residence, a museum, a caboose, an enchanting old wedding chapel, a bustling blacksmith’s workshop, and even the world’s largest red cedar bucket. It’s a nostalgic journey that immerses you in the rich heritage of the region.

Fun facts about Murfreesboro: the bottom line

Murfreesboro, TN, is a city that seamlessly blends its rich historical roots with a vibrant present, offering a diverse range of experiences for those considering a move here. From its pivotal role in American history to its thriving cultural scene, lush green spaces, and strong sense of community, Murfreesboro has all the ingredients to make it an exceptional place to call home.

Source: redfin.com

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QC/Fraud, LO AI, MSR Financing, GNMA Programs; Disaster Updates and Guides – The CFPB is There for Us

By:
Rob Chrisman

Tue, Sep 5 2023, 10:40 AM

It was a rough weekend. My cat Myrtle, resting comfortably at the top of the food chain, was visibly miffed at me not nominating her (again) for the vaulted “40 under 40” award. I reminded her that she is way over that in cat years, but my explanation fell on her one deaf ear and her one good ear despite me telling her how much line-caught salmon we could buy with the nomination fee. (Hey, don’t get me wrong. I know some of those folks who were nominated or selected, and the industry is better off because of them!) If lenders would like a little good news, they should know that, despite the low interest rates we saw a few years ago, people are still moving, and that’s a source of business. Around 8.6 percent of Americans moved last year, slightly more than the previous year, but still below pre-pandemic levels. Accordingly, WalletHub released its report on 2023’s Best States to Live in. Chalk it up to complete East Coast bias, but Massachusetts, New Jersey, New Hampshire, and New York took the top four spots. Really? (Today’s podcast can be found here and this week’s is sponsored by LoanCare, a Fidelity National Financial (NYSE: FNF) division and award-winning developer of the most sophisticated mortgage servicing portfolio management tool, LoanCare Analytics, built to support MSR investors with a focus on customer engagement, liquidity, and credit risk. Hear an interview with Flagstar’s Jason Lee on how capital markets departments balance volume and margin.)

Lender and Broker Products, Programs, and Services

Mortgage servicers of all sizes trust their portfolios to MSP®, Black Knight’s loan servicing system. In fact, Fahe (Federation of Appalachian Housing Enterprises), a nonprofit that serves the people and communities of Appalachia, recently signed a contract for MSP. In Black Knight’s recent announcement, Fahe states that top-tier technology will help it realize its mission and better serve its communities. Wondering if the MSP loan servicing system is the right fit for your servicing business? Learn why it’s the one loan servicing system for every mortgage servicer.

NEW: Maxwell’s Mini-Guide to Surviving Today’s Big Housing Market Reset, ft. advice from Maxwell Co-founder & CEO John Paasonen, Rob Chrisman himself, theLender EVP Chris Ledwidge, and more. Is your lending business prepared for a market reset? To thrive, lenders need a fresh game plan driven by home buyer trends, creative lead generation, and insightful data. Maxwell put this guide together to help you refresh your thinking for the market ahead. In it, you’ll learn ways to rebuild your pipeline, the borrower segments that are still rising in the housing market, and how to better leverage data to make confident business decisions. Lenders: The next five years likely won’t be anything like the last five. Now is the time to rethink your business. Click here to download your free copy of Maxwell’s Mini-Guide to Surviving Today’s Big Housing Market Reset.

Profitable Mortgage Companies are focused on the long-term value of the customer relationship. Essex Mortgage’s partners enjoy greater customer retention, GNMA pass-thru pricing, no overlays, no LLPA’s, NO EPOs and NO EPDs, as well as Tax Deferred asset growth and a long-term cash flow stream without having to be a GNMA issuer themselves. Please contact us to discuss how the Essex GNMA Excess MSR program can help retain and enhance your customer relationship, broaden guidelines, and expand into new markets. Please contact Kimberly Schenck.

“Your business can benefit from powerful national banking resources that incorporate personalized, one-on-one relationships with industry experts. Western Alliance Bank delivers stable, trusted treasury management and fraud protection services from cash management to financing to account security. These tools can help you keep operations running smoothly, conveniently manage custodial and payroll accounts, and originate streamlined online wire transfers. Our Specialized Mortgage Services team tailors mortgage finance products to your needs, including warehouse lending, MSR financing, note financing and corporate credit card services that offer speed to approval and certainty of execution. Discover how competitive rates, efficient cash flow cycles and a streamlined banking relationship can help you achieve your goals. Contact Mark Short (469) 702-6212, Nick Richards (646) 708-1211, Nicole Avey (720) 633-4759, Elizabeth Mix (480) 329-2122, Jim Karr (626) 390-8534 or Chris Martin (480) 341-5483. Western Alliance Bank, Member FDIC.”

Ready to mend your relationship with your loan origination system? Join the TRUE team on September 20th and hear directly from TruStone and V.I.P Mortgage on how they’re applying AI technology to solve the challenges related to their LOS platforms. The roundtable discussion will unpack the frustrations related to most of today’s more popular LOS platforms, the crucial importance of well-organized borrower data, and how applying AI at specific points in the document journey can dramatically change the way LOS platforms perform. Sign up today.

Capacity is heading to The Mortgage Collaborative’s “Music in My Ears Conference” in Nashville, TN, next week! CEO David Karandish will speak on Monday, September 11th, at 3:15 p.m. about our latest offerings: generative AI-powered Guideline Search and tailored AI Assessments. Get game-changing, personalized insights on successfully implementing AI and automation in your business! Be sure to stop by our session in Nashville or book one-on-one time with our team here. The mortgage industry desperately needs a platform that securely integrates with lenders’ key systems, providing loan officers with instant, actionable answers about borrower opportunities, loan statuses, guidelines, and more. Capacity reduces the time LOs spend logging into a sea of endless systems to find information. If this sounds familiar, why not find out how Capacity can save your team time and frustration? See how it works.

“TENA Companies, Inc. is your strategic mortgage Quality Control partner in the fight against fraud. Develop your strategy against evolving mortgage market fraud with help from our proficient and highly trained auditors. Fraud involving income and employment schemes, as well as occupancy-related deception, continue to impact risk levels for all lenders. As highlighted in Fannie Mae’s July 2023 Quality Insider: Reviewing your fraud controls in QC, a robust Quality Control plan is an integral component for identifying patterns that can be indicative of fraud. These insights enable lenders to proactively implement processes for fraud prevention. Safeguard your operations, ensure risk mitigation, and strengthen your Quality Control by partnering with TENA. Contact us today!”

Disaster News and Updates

Last year, U.S. disaster damage totaled $171.5B. Destructive weather and climate events, or bad forestation or building practices, factor into the mix of hurricanes, wildfires, tornados, and drought. Few are forecasting them to decrease or affect a smaller geographic range. Is your lending operation ready? What are you telling your borrowers about insurance? Major insurers say they will cut out damage caused by hurricanes, wind, and hail, not to mention along coastlines and in wildfire prone areas, suggesting that companies will just insure for liability and fire. So if that is the case, will insurance rates fall? Of course not. But where does all of this leave the mortgage servicers?

When disasters strike, lenders often postpone loan closings, impacting origination revenue and impairing the ability to fund new loans. Loans that have already been funded may be difficult to sell, further limiting liquidity. Black Knight has a piece worth skimming, or more, about how you can reduce your financial exposure, decrease costs, and better serve borrowers by preparing before, during and after a disaster. Download a complimentary ebook: Climate-Change and Weather-Related Disasters: How to Manage Mortgage Risk.

Nearly every part of the United States faces natural disasters, whether they be earthquakes, hurricanes, tornadoes, forest fires, drought, or volcanoes. A declaration by FEMA triggers lender and servicer policies and procedures.

Mortgage Quality Management & Research (MQMR) sent out Fannie Mae Disaster Relief – FAQ. Check out more equally insightful FAQs. (To learn more about Mortgage Quality Management & Research, download MQMR’s white paper.)

Recently we’ve had Florida Hurricane Idalia FEMA-4734-DR, Illinois Severe Storms and Flooding DR-4728-IL, Mississippi DR-4727, and Vermont DR-4720: Update to End Date of Occurrence.

Florida, Georgia, and the Carolinas were hit by Hurricane Idalia, causing damage from storm surge, flooding, and high winds. Recovering from a catastrophic event like this one can feel overwhelming. It’s not always easy to know where to turn for help and what steps to take. The CFPB put together a guide to handling finances that you can share with the people you serve, to help them manage the money decisions they face. View CFPB’s disasters and emergencies guide providing resources to help recovery, including how to tackle housing issues, protect finances, deal with property damage, manage bills, and ask financial companies for help.

Freddie Mac issued a reminder to homeowners and mortgage servicers of its relief options for those affected by Hurricane Idalia. Freddie Mac’s forbearance program provides homeowners mortgage relief for up to 12 months without incurring late fees or penalties. Freddie Mac’s disaster relief options are available to homeowners who have been impacted by an eligible disaster. This includes anytime the homeowner’s property experiences an insurable loss, and also covers instances where their homes or places of employment are located in Presidentially Declared Major Disaster Areas where federal Individual-Assistance programs are made available to affected individuals and households. Foreclosure and other legal proceedings are also suspended while homeowners are on a forbearance plan. More information is available on My Home by Freddie Mac where owners can read about the steps they can take to help recover from a natural disaster, including frequently asked questions related to disaster and mortgage relief.

Fannie Mae reminded homeowners and renters impacted by natural disasters, including Hurricane Idalia, of available mortgage assistance and disaster relief options. Mortgage servicers are also reminded of options to assist homeowners under Fannie Mae’s guidelines.

Under Fannie Mae’s guidelines for single-family mortgages impacted by a natural disaster:

Homeowners and renters looking for disaster recovery resources may visit FannieMae.com to learn more about addressing immediate needs. Fannie Mae also offers help navigating the broader financial effects of a disaster to homeowners and renters through disaster recovery counseling at 855-HERE2HELP (855-437-3243).

PHH Correspondent posted information regarding Illinois DR-4728: New Disaster Declared, Mississippi DR-4727, and Vermont DR-4720. Go to the PHH company library to view the announcement and for all disaster declared counties, requirements, procedures, and conditions.

On 9/1/2023, with Amendment No. 1 to DR-4734, FEMA declared federal disaster aid with individual assistance has been made available to 6 additional Florida counties affected by Hurricane Idalia from 8/27/2023 and continuing. See the attached announcement for inspection requirements. AmeriHome Mortgage 20230901-CL Disaster Announcement.

Capital Markets

It’s looking more and more like a goldilocks scenario for the Federal Reserve. Last week was crammed with key economic data on the labor market and inflation which will probably be instrumental in shaping the decision of the Fed’s monetary policy committee at its meeting later this month. Many of the indicators pointed towards cooling in the economy, strengthening hopes that it would be enough for the central bank to keep rates steady. Friday’s nonfarm payrolls report showed an uptick in the unemployment rate. Market participants took heart from the data, which suggests that the highly resilient labor market is finally cracking and that the effects of the Fed’s aggressive tightening campaign are showing up.

More specifically, we learned at the close of last week that U.S. unemployment rose to 3.8 percent in August, a significant increase from July’s rate of 3.5 percent and the highest percentage since February 2022, as the economy continued to lose momentum built up after pandemic lockdowns. Non-Farm Payrolls barely beat consensus (expected +170k, actual +187k) and previous prints were revised lower (June was cut from +209k to +105k). More people entered the workforce, increasing the size of the labor force by 736k, which will help bring supply and demand more into balance.

Keep in mind that increased hiring and slowing wage growth are key ingredients of the Fed’s fight against pandemic-era inflation, and the overall report was good news for the bond market, as it shows the Fed’s tightening is gaining traction in the labor market. In theory, this will take some of the pressure off the Fed to keep hiking rates and give the central bank some confidence to let previously enacted hikes work their way through the economy. The next Fed meeting is only two weeks away.

Though we’ve already received the latest rate decision from Royal Bank of Australia this morning, where rates were held steady at 4.10 percent, today is light on economic data. After this commentary goes out, markets will receive August employment trends and July factory orders. Highlights from the remainder of the week include September’s Fed Beige Book tomorrow and July Wholesale Inventories on Friday. We begin the trading week with Agency MBS prices worse .125-.250 and the 10-year yielding 4.22 after closing last week at 4.17 percent on no real news.

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Source: mortgagenewsdaily.com

Apache is functioning normally

 C&R, a leading public relations agency in the luxury real estate and hospitality industries, is pleased to announce that Cayla Kondo has joined the firm as vice president, of real estate. With an impressive track record of results, leadership, creativity, and strategic execution, Kondo will invigorate the firm’s offerings and drive growth trajectory goals.

Kondo joins C&R most recently from Concord Companies, a vertically integrated real estate corporation based in Beverly Hills, CA with an estimated $1B AUM across the U.S. There, as chief marketing officer, Kondo was responsible for all marketing, branding, and communications for the organization. She executed a full rebrand for the parent company and its seven subsidiaries to attract higher caliber and institutional-quality investors.

“We are very excited to add Cayla to our team and confident she will bring tremendous leadership, high-impact relationships, and a diversified background to our team and clients,” said C&R Co-Founder Spencer Castillo. Caruso, as a leader in its retail, residential, office, hotel, and private club expansion as senior director of Marketing. Cayla was also director of VIP services for Caruso, where she created and implemented extraordinary experiences for the Portfolio’s most valued guests, including A-list celebrities, high-net-worth individuals, heads of state, and global executives.

“We are very excited to add Cayla to our team and confident she will bring tremendous leadership, high-impact relationships, and a diversified background to our team and clients,” said C&R Co-Founder Spencer Castillo. “It was important that the person we hired for this role brought a new perspective, a curated network, and a deep understanding of the luxury real estate consumer to our agency. We are confident we found that in Cayla.”

Kondo brings a roster of experience garnered from 10+ years of marketing and communicating with real estate industry executives, as well as a strong understanding of ultra-high-net-worth individuals. She is intimately familiar with C&R’s clients’ audience(s) and will be a valuable resource for all. Based in Los Angeles, Kondo will lead operations at C&R’s flagship Century City office, overseeing the agency’s real estate portfolio and contributing to the firm’s expansion efforts in new asset classes.

A sampling of current real estate clients within the agency’s portfolio includes Costa Palmas, Kukui’ula, Hualalai Resort, Martis Camp, East West Partners, Punta Mita, Montage International, Four Seasons Private Residences Las Vegas, Panther National, and Shell Bay, among others. A sampling of long-standing travel clients includes Four Seasons Resort Hualalai, Mayakoba, Malibu Beach Inn, Park Hyatt Aviara, Thompson Hotels located in Austin, Nashville, and Palm Springs, and more.

“Joining C&R presents an exceptional opportunity to redefine the art of communication and brand positioning of such high-end properties,” states Kondo. “I am excited to collaborate with this esteemed team of forward-thinking professionals to optimize our clients’ positioning across the real estate, travel, and golf sectors.”

C&R specializes in three key pillars for its partners: media relations, like-minded brand partnerships, and content development.

Led by former Robb Report Editorial Director and current Travel that Matters podcast host, Bruce Wallin, C&R Content is a full-service creative studio specializing in custom magazines, videos, and more. With clients including The Agency, Montage International, Hualalai, and Costa Palmas, C&R Content is a cornerstone of C&R’s ongoing commitment to providing authentic, thought-provoking value to its real estate clients.

C&R recently expanded its footprint across the country and continues to reinvest in core offices in Los Angeles, New York, Denver, Dallas, Chicago, and Charleston. The firm has newly partnered with a handful of high-profile clients in the hospitality and real estate spaces, including Aero (aviation), Andaz Maui at Wailea Resort by Hyatt, InterContinental Washington D.C. – The Wharf, Four Seasons Private Residences Las Vegas, Andaz Residences Turks & Caicos, Waldorf Astoria Residences Guanacaste, 21C Chicago, and others.

“As we head into our 15th year, we are more committed than ever to investing in top-notch talent, and the addition of Cayla to lead real estate is yet another example of that,” said C&R Co-Founder Pieter Ruig. “We take our client partnerships seriously, and it’s important we continue to deliver best-in-class service, leadership, and results.”

About C&R

Founded in 2009 by Spencer Castillo and Pieter Ruig, C&R is a public relations and content agency representing leading clients in the hospitality, real estate, and golf sectors throughout the U.S., Mexico, and the Caribbean. With offices in Los Angeles, New York, Denver, Dallas, Chicago, and Charleston, C&R works with the industry’s top journalists, like-minded brand partners, and digital influencers to deliver impactful results that drive awareness and credibility. C&R is innovative and forward-thinking, bringing together fresh ideas with results-driven strategies. Award-winning campaigns span-new build-outs and sales to renovations and openings – always with an eye on generating ROI for the agency’s partners. For more information, please visit www.candrpr.com.

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Source: realtybiznews.com

Apache is functioning normally

Texas continues to outpace other states in attracting new residents, according to migration data from John Burns, with Houston, San Antonio and Fort Worth showing strong housing demand. The other top cities for in-migration include Jacksonville, Florida, Charlotte, North Carolina, and Nashville, Tennessee.

However, the Austin housing market, which boomed during the pandemic, is now seeing barely positive migration numbers, along with Phoenix, Arizona, and Las Vegas, Nevada.

According to Altos Research, the Austin metro housing market shows signs of a substantial normalization in home prices compared with the overall trends of the pandemic years and pre-pandemic years. The median sale price for a home in the Austin metro area reached a peak of $675,000 in April 2022. By April 2023, that figure had dropped by 14.07% to a median sale price of $580,000. As of August 2023, the median sale price in the Austin metro area had moderated further to $569,900.

The John Burns report shows housing demand is weak in Sacramento and Riverside-San Bernardino, California.

Meanwhile, in metros such as Denver, Seattle and Philadelphia, the concern doesn’t revolve so much about the people coming in but too many going out, as out-migration is becoming a real issue.

At the very bottom of the list, the East Bay area, Orange County, San Diego, San Jose, Miami, Washington, D.C., Boston, Chicago and San Francisco show very negative domestic out-migration. However, this exodus might be offset by international migration.

To conduct this study, John Burns monitored domestic migration trends in near real time, using postal address change forms that are current within a few months. This data excludes international migration.

Source: housingwire.com