I was raised in the Memphis area, went to three area schools, and also lived in northwest Mississippi, as well. After spending 35 years in Dallas, I moved back here in 1997, because I have family here, and haven't regretted it at all.
From someone who enjoyed nearly every aspect of life in and around Dallas/Fort Worth, there is absolutely more to do within a 50 mile radius here than in Dallas! Don't believe it? Like to gamble and enjoy Las Vegas quality shows? Tunica is 30 miles away. Love the Blues, Rock N Roll and music in general? Nashville can't hold a candle to the Memphis area insofar as music history is concerned. We have a world-class zoo. We have art museums, theater, and many recreational and entertainment options.
Memphis has consistently ranked in the top 50 healthiest economies in the country out of nearly 400 metro areas (ranked #37 recently by Policom Corp., an independent economic research firm). Jobs are good here, quality of life is good, very high quality education facilities, including public and private. Memphis is ranked near the top of any U.S. city for its distribution facilities and is truly an outstanding port city as well. Dallas is the largest city in the world not on a major waterway! Dallas is also a distribution type economy, but they lack one of the best means to deliver goods and services -- a major water way. Memphis has the mighty Mississippi and goods are transported cheaply and efficiently, plus an international distribution facility in its airport -- ever here of FedEx?
Do we have our share of warts? Of course! But, when have you heard we nearly got wiped out here by wild fires? Mud slides? Earthquakes? That's all in California! And, we have something that is quickly running out in the West: W A T E R!!! So our economy overall is stable and diversified and heavy in the distribution of goods and services.
Some of our warts here are just like those in other cities. But, consider this: housing is continually considered to be under-valued here by about 17% according to National City Corp, which does extensive research on the subject. We have never had the "hockey-stick" type of highs and lows in our market. There are differences in each of the communities and neighborhoods within the Memphis Metro area. Depending on what you are looking for though, there literally is something for everyone, and if you have a good real estate agent, you can come out just fine in nearly any commuity or suburb. You can't buy something this year and expect 20% appreciation in a year or two, but then, when the market turns down, we don't fall as far as the high-flyer markets like Florida, California, Nevada, Arizona.
The weather really isn't that humid, and I can tell you, after living in Dallas for 35 years, it is never as hot here as Dallas in the summer! We occasionally get up to the mid-90s and even hit 100 now and then, but it doesn't stay there, and the same humidity that may be uncomfortable during the day, cools things off nicely at night. In Dallas, I don't care whether it's a dry heat or not, when it's 100 degrees outside, it's hot!
If I haven't mentioned it, I'm a real estate broker. I know this market, and if you are considering a move to the Memphis area, I will be glad to meet with you, counsel with you, give you an overview and give you the pluses and minuses. Just don't make your decision on the basis of some of the remarks I've read posted here that are from idiots who would be unhappy in the Garden of Eden! Like the three blind men and the elephant: your perception of what the elephant looks like will depend on which part you touch!
Ann Maree Matthews
Vice President / Broker
CRS - ABR - CPPS - GRI