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VOL. 128 | NO. 242 | Thursday, December 12, 2013

Mortgage Market Up 10 Percent in November

Borrowers are still rushing to lock in low rates, take advantage of a seemingly improving economy and get those keys to a new home in their hands.

Restaurant Row

Poplar corridor becoming hotbed for new eateries

If you blink, you might miss a new restaurant opening along the Poplar Avenue corridor in East Memphis.

Wharton Seeks Delay in Ballpark Deal Council Vote

Memphis Mayor A C Wharton Jr. is now pushing final votes on any ballpark deal into the new year.

Shelby County Home Sales Decline in November

Shelby County home sales appear to be in seasonal slowdown mode, with agents selling fewer homes compared to the same month last year, according to real estate information company Chandler Reports.

Stephenson Honored by Appraisal Institute

The Memphis Chapter of The Appraisal Institute presented veteran real estate appraiser Robert Stephenson with its prestigious Lifetime Achievement Award on Friday, Dec. 5.

Local Weather
Today
Memphis, TN
72°F
Cloudy
Wind: 8 mph
Humidity: 76%

EVENTS

Sales and Marketing Society of the Mid-South will hold its holiday “friend raiser” Thursday, Dec. 12, from 5:30 p.m. to 8 p.m. at LRoss Gallery, 5040 Sanderlin Ave. Cost in advance is $10 for members and $15 for nonmembers; cost at the door is $20. All attendees are also asked to donate a teddy bear. Visit sms-midsouth.org.

more events »

Hopson Says Germantown Schools Agreement is a Start

The last of the suburban schools agreements is making its way through a set of votes that should settle who gets what schools and the end of the federal court lawsuit contesting the formation of the six municipal school districts.

Haslam: Talks Continue on TennCare Expansion

Tennessee Gov. Bill Haslam says his letter this week to Health and Human Services Secretary Kathleen Sebelius on the terms of a possible Medicaid expansion in Tennessee means ongoing talks between his administration and Sebelius’ office will continue.

Carver, Westwood Off School-Closing List

Carver High School has survived another attempt to close it.

MEMPHIS LAW TALK

Marine Deployments to Iraq Lead Baker to Law Career

At the end of his first semester of college, Josh Baker of Martin Tate Morrow & Marston PC traded in the bright orange of the University of Tennessee at Knoxville for the desert khaki of the United States Marine Corps.

LOCAL COLUMNISTS

Social Media Fails of 2013

Social media is a terrific opportunity to engage with the marketplace and build brand loyalty. Unfortunately, along with the reward comes risk. When a social media campaign backfires, your failure can be quite public.

The Healing Continues

With another successful earnings season in the books, earnings news will move to the backburner for financial market observers. In the midst of this earnings vacuum, economic news moves to the forefront, as investors try to determine if the strong earnings will be sustainable via a healing economy. Or, if the economic support is beginning to deteriorate, perhaps earnings have peaked.

More on Unwanted Calls

Last week, I thanked all who had weighed in on the issue of stopping unwanted calls from marketers. One contributor (“Tanya”) sent me what was represented as something that had helped “cut down on phone calls to me.”

MEMPHIS AREA

Grizzlies’ Randolph Honored for Community Work

MEMPHIS (AP) – Grizzlies forward Zach Randolph has won the NBA's community assist award for November for his work in the community.

NATIONAL BUSINESS

Pay Gains for Young Women; Inequality Still Seen

WASHINGTON (AP) – About 75 percent of young women believe the U.S. needs to do more to bring about equality in the workplace, a new study finds, despite a narrowing pay gap and steady employment gains for women at higher levels of business and government.

AP-GfK Poll: Strong Opposition to In-Flight Calls

WASHINGTON (AP) – As federal regulators consider removing a decades-old prohibition on making phone calls on planes, a majority of Americans who fly oppose such a change, a new Associated Press-GfK poll finds.

NATIONAL GOVERNMENT

US Runs $135.2 Billion Budget Deficit in November

WASHINGTON (AP) – The U.S. government ran a much smaller deficit through the first two months of the budget year than the same period last year, signaling further improvement in the nation's finances.

New Estimate Says Budget Deal Raises Deficit $41 Billion

WASHINGTON (AP) – Congress' budget office estimates that the just-announced budget deal would increase the deficit over the next two years by $41.4 billion.

Study: Labor Violations Don't Stop Government Contracts

WASHINGTON (AP) – The federal government awards billions of dollars in contracts each year to companies that routinely violate safety, health and wage regulations, according to a report released Wednesday that calls for stricter measures to hold federal contractors accountable.

HEALTH CARE

Health Care Signups Pick Up but May Not Close Gap

WASHINGTON (AP) – With time running short, the nation's health care rolls still aren't filling up fast enough.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 78 260 13,157
MORTGAGES 103 370 17,128
FORECLOSURE NOTICES 26 62 3,362
BUILDING PERMITS 0 366 30,930
BANKRUPTCIES 74 209 12,552
BUSINESS LICENSES 22 65 4,554
UTILITY CONNECTIONS 88 416 19,309
MARRIAGE LICENSES 27 94 4,003

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