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VOL. 123 | NO. 48 | Monday, March 10, 2008

Housing Dark Cloud Still Looms

Condo market provides sliver of hope

It's not easy to find a silver lining in the dark cloud that hovered over February's residential housing numbers. With home sales in Shelby County dropping 15.6 percent from the same month last year, the real estate slump that began in 2007 appears to be in full force.

Wharton, Others to Discuss Finances Today

Shelby County Mayor A C Wharton Jr. has invited some of the top financial minds both in and out of county government to a roundtable discussion that will be held this morning at the University of Memphis.

Photography Business An Early Passion For Mangiante

Some teenagers spend years trying to figure out what they want to do with their lives once they graduate from high school. For Gene Mangiante, it seems his path was determined long before he earned a diploma.

Driven To Succeed

Ruling Expected In Police Association Injunction Request

The Herenton administration and the Memphis Police Association already are in court and contract negotiations between the two are just getting started.

Local Weather
Today
Memphis, TN
33°F
Partly Cloudy
Wind: 5 mph
Humidity: 82%

EVENTS

The Memphis chapter of the International Association of Administrative Professionals will meet today at 6 p.m. at the Holiday Inn Select East on Poplar Avenue at Interstate 240. The topic is "Spreading a Beacon of Light Through Effective Leadership," presented by Peggy Quinn, corporate vice president and president-elect of Executive Women International. The cost is $20 and reservations can be made by contacting Sharon Gardner at 752-6213 or sharon.gardner@asentinel.com.

more events »

Home Foreclosures At Record High Last Quarter

WASHINGTON (AP) - Home foreclosures soared to an all-time high in the final quarter of last year and are likely to keep on rising, underscoring the suffering of distressed homeowners and the growing danger the housing meltdown poses for the economy.

Retailers Report Mixed Sales Results In Feb.

NEW YORK (AP) - The nation's retailers got a little reprieve in February, as consumers hesitantly returned to malls and stores after retrenching in recent months. Among the big winners were discounters like Wal-Mart Stores Inc., whose results beat expectations.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 65 366 17,721
MORTGAGES 70 417 23,068
FORECLOSURE NOTICES 15 91 4,519
BUILDING PERMITS 210 932 42,157
BANKRUPTCIES 62 299 16,691
BUSINESS LICENSES 19 80 5,781
UTILITY CONNECTIONS 49 305 25,174
MARRIAGE LICENSES 16 96 5,381

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