The Stonebrook Letter

Vol. 23, No. 7

July, 2019

Terry Stonebrook

How’s Real Estate

The real estate market is very stable and consistent for Shelby County and across the country. Locally, mortgage rates continue in the 3.5 to 4% range, move-in ready homes sell fast and new home starts lag far below the numbers 15 years ago with roughly 800 per year today versus 3,500 in 2004-2005. This is the “new normal”.

A lot of positive things are happening across Memphis from Downtown, Midtown, Bartlett, etc. … billions in major construction and expansion underway at St. Jude, the Memphis Airport, Auto Zone, FedEx, the University of Memphis, etc. The job market is strong. Memphians and Americans have a lot to be thankful for this Independence Day week.

History of Independence Day

On June 11, 1776, America’s 13 colonies’ Second Continental Congress met in Philadelphia and formed a committee to draft a document to sever ties with Great Britain. Thomas Jefferson drafted the original document and, after 86 changes were made by the committee, the final document was signed July 4, 1776. On July 8th, the Declaration of Independence was read aloud in Philadelphia’s Independence Square and celebrated with bonfires, bells and fireworks.

Fifty years later, Thomas Jefferson penned one of his last letters declining an invitation to attend a 50th anniversary celebration, as he was gravely ill. Jefferson wrote of the 1776 Declaration:

May it be to the world, what I believe it will be ... the signal of arousing men to burst the chains ... and to assume the blessings and security of self-government. That form, which we have substituted, restores the free right to the unbounded exercise of reason and freedom of opinion. All eyes are opened, or opening, to the rights of man. For ourselves, let the annual return of this day forever refresh our recollections of these rights, and an undiminished devotion to them."

- Thomas Jefferson

Monticello June 24, 1826

Congress established Independence Day as a holiday in 1870, and in 1938 Congress reaffirmed it as a paid holiday for federal employees.



1011 W. Poplar, Suite 8
Colliervillel TN 38017
568-0100 Terry cell
901 850-4044 office
901 592-0929 eFax

Memphis Airport Renovation

Memphis has a beautiful airport that was ahead of its time with its soaring ceiling design, and now it’s getting a “right sizing” update we can be proud of. The $214 million renovation will eliminate concourses A and C to focus on making concourse B a state of the art experience for air travelers, including wider corridors, moving walkways, larger boarding areas, higher ceilings and more natural lighting. Passengers will enjoy more shopping, dining options, a children’s play area, a stage for live music in the rotunda area and additional lounge areas and charging stations. Project completion is scheduled for 2021.

Source: The Commercial Appeal



About Terry



I attended a presentation on “Healthy Soil” by Master Gardener Carl Hardiman at the Collierville Library.
Two key points I learned were:

A. Plants need 17 nutrients to stay healthy:

1. nitrogen (N)

2. phosphorus (P)

3. potassium (K)

4. calcium (Ca)

5. magnesium (Mg)

6. sulfur (S)

7. chlorine (Cl)

8. iron (Fe)

9. manganese (Mn)

10. zinc (Zn)

11. copper (Cu)

12. boron (B)

13. hydrogen (H)

14. nickel (Ni)

15. oxygen (O)

16. carbon (C)

17. molybdenum (Mo)

B. Mycorrhizae fungi form symbiotic relationships with plants. The fungi colonize the root system of a host plant, providing increased water and nutrient absorption. The plant feeds the fungus carbohydrates formed from photosynthesis. Mycorrhizae also offer the host plant increased protection against certain pathogens. Hardiman recommends Bio-tone Starter with mychorrhizae when planting vegetables..

Future Concourse B

East Memphis ... Sold in 2 days


1584 Rabb

3 bedrooms plus bonus or 4th bedroom. 1.5 baths. Hardwood and tile floors. Updated kitchen and bath. Low maintenance brick with vinyl siding. Private carport in back fenced yard. $189,900.


Bartlett's Briarwood Subdivision ... just listed


6888 Hedgewood

Hardwood floors and plantation shutters! 5 bedrooms and 2.5 baths. 27’ family room. Granite island work center in kitchen. Great location. Appr. 2,597 sq. ft. $260,000. Showings begin Sunday, July 21st, with Open House, 1-3 p.m.

Bio-tone with Mycorrhizae

Thought for the Month

“I’m a great believer in luck, and I find the harder I work, the more I have of it.”

Thomas Jefferson

Recipe: Spinach Strawberry Salad

1 bag baby spinach
1 cup  sliced strawberries 
1/2 cup chopped/sliced nuts (of your choice)
1/4 cup chopped onions
1 small can of mandarin oranges
1/4-1/2 cup balsamic or poppyseed salad dressing 

Mix all ingredients and then top with dressing. Chill and serve.

Refreshing and healthy dish for July 4th gatherings!

From the kitchen of Cindy Haggard