Subscribe and receive email notifications of new blog posts.
RSS Feed

http://www.wkrn.com/Global/story.asp?S=10621252
Posted: Jun 30, 2009 4:24 PM CDT
The slow housing market is forcing more and more mid-state homeowners to put "for rent" signs rather than "for sale" signs in their front yard.
Crye-Leike property management says many homeowners who tried to sell, and couldn't, are now opting to lease their homes to make some money off the property.
"We're seeing a lot of owners that have tried to sell, the market is not where they need to be so they end up needing cash flow," said Ben Claybaker of Crye-Leike. "Maybe it's been on the market for three to six months."
Claybaker says his division manages about 300 properties around middle Tennessee, and he's seen a rise in the number of people jumping into the rental market since February.
"There's a lot of potential buyers, but are rent...
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
If the email address was found in our system, your password has been sent. Please check your inbox.
Back to Login
We respect your concerns about privacy and value the relationship that we have with you.
Like many sites, we use cookies on our website to collect information to help improve your browsing experience. The cookies that we use allow our website to work and help us to understand what information is most useful to visitors.
For the best website browsing experience, please enable cookies. Go here for instructions on how to enable cookies on your browser.