» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation Links
VOL. 128 | NO. 137 | Tuesday, July 16, 2013

Shelby County Mortgages Show Nearly 4 Percent Gain

The mortgage market is starting to get interesting, in a manner of speaking. Earlier this month, interest rates for mortgages rose in what was described as the largest one-day jump in at least 10 years, according to Mortgage News Daily. That in large part stemmed from the Federal Reserve, which has been snatching up $85 billion worth of mortgage-backed securities a month.

June Mortgages Up 8 Percent

June was a healthy month for the mortgage market in Shelby County. Last month saw 810 purchase mortgages made, an 8 percent improvement from 750 mortgages in June 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.

Secret Ingredient

Cafe Eclectic repeats successful formula for third location

Cafe Eclectic has found itself in an enviable spot since the cafe’s first location opened five years ago in Midtown.

Suburbs Head to Polls in Municipal Schools Vote

Voters in Shelby County’s six suburban towns and cities go to the polls Tuesday, July 16, in a repeat of the set of 2012 referendums on forming municipal school districts.

Council Eyes September Special Election

Memphis City Council members continue a shift away from budget season Tuesday, July 16, with an agenda that includes allocating some money from the last fiscal year and other money for the new fiscal year.

Local Weather
Today
Memphis, TN
52°F
Partly Cloudy
Wind: 12 mph
Humidity: 31%

EVENTS

Cannon Wright Blount will present “Getting Started With QuickBooks: Learn From the Experts” Wednesday, July 17, from 9 a.m. to 11 a.m. at the firm’s office, 756 Ridge Lake Blvd., suite 100. Cost is $75. Email quickbooks@cannonwrightblount.com or call 685-7500.

more events »

Methodist University Hospital Begins Emergency Department Expansion

Methodist University Hospital has begun construction on a $33.5 million expansion and renovation of its emergency department.

Wharton Says Budget Challenges Continue

After taking heavy criticism during the budget season from Memphis City Council members, Memphis Mayor A C Wharton Jr. is starting to take more criticism for the approved cuts that are rolling out first in the Memphis Fire Department.

GOVERNMENT AGENDA

July 16 Memphis City Council Agenda

The Memphis City Council will meet Tuesday, July 16, at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for an agenda.

REAL ESTATE RECAP

Market of Riverdale Bend Sells for $6.2 Million

7114-7186 Winchester Road Memphis, TN 38125 -
Four tenants in common have paid $6.2 million for the Market of Riverdale Bend shopping center on Winchester Road in Southeast Memphis.

LOCAL COLUMNISTS

Building Corporate Partnerships

Does your nonprofit’s special event help sponsors and underwriters meet their business objectives? Do the benefits you offer align with the business needs of your sponsors/ underwriters? Here are some things to consider as you build your corporate partnership program.

NATIONAL BUSINESS

Wal-Mart Faceoff With DC Fuels Minimum Wage Debate

WASHINGTON (AP) – The bitter standoff between Wal-Mart and Washington, D.C. officials over the city's effort to impose a higher minimum wage on big-box retailers is fueling a wider debate about how far cities should go in trying to raise pay for low-wage workers – and whether larger companies should be required to pay more.

US Economy Looks Weaker After Subpar Retail Sales

WASHINGTON (AP) – The U.S. economy appears to be weaker than many economists had thought after a report Monday showed consumers spent cautiously in June at retail businesses.

NATIONAL GOVERNMENT

Gallup Agrees to Pay $10.5 Million to Settle Allegations

WASHINGTON (AP) – The Justice Department said Monday the Gallup Organization has agreed to pay $10.5 million to settle allegations that the polling and market research firm improperly inflated prices for proposed contracts with the U.S. Mint and State Department.

HEALTH CARE

Study: Later Retirement May Help Prevent Dementia

BOSTON (AP) – New research boosts the "use it or lose it" theory about brainpower and staying mentally sharp. People who delay retirement have less risk of developing Alzheimer's disease or other types of dementia, a study of nearly half a million people in France found.

SPORTS

Real Madrid Tops Forbes' Most Valuable Teams List

NEW YORK (AP) – Real Madrid tops Forbes' list of 50 most valuable sports teams, with Manchester United and Barcelona holding the next two spots.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 269 16,682
MORTGAGES 0 313 21,745
FORECLOSURE NOTICES 0 56 4,322
BUILDING PERMITS 0 209 39,587
BANKRUPTCIES 0 287 15,829
BUSINESS LICENSES 0 67 5,558
UTILITY CONNECTIONS 0 413 23,986
MARRIAGE LICENSES 0 94 5,129

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.