The Stonebrook Letter
Vol. 23, No. 7
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
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
I attended a presentation on “Healthy Soil” by Master Gardener Carl Hardiman at the Collierville Library.
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
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.”
Recipe: Spinach Strawberry Salad
1 bag baby spinach
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