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VOL. 126 | NO. 7 | Tuesday, January 11, 2011

Mortgages Drop 11 Percent in 2010

Banks and mortgage lenders made 7,493 purchase mortgages in Shelby County during 2010, a year in which the housing market saw the expiration of a homebuyer tax credit but was helped by continued record-low rates.

Team Work

Grizzlies foundation launches program during National Mentoring Month

January is National Mentoring Month, and the Memphis Grizzlies TEAM UP Youth Mentoring Initiative is preparing to launch its new TEAM Mentoring program.

AG Opinion Says Memphis-Only Vote On MCS Charter Surrender

Another day, another in a series of legal opinions that continue to better define the terms of the standoff between Shelby County’s two public school systems.

Fayette, Tipton Home Sales Decline in December

While December’s home sales are down in Fayette and Tipton counties – 15.8 and 26.9 percent respectively year over year – local real estate agents say they’re staying busy.

New Strategy Changes Response to Homelessness

The local government response to homelessness is about to shift. And with it will come a shift in how the city of Memphis and Shelby County governments spend more than $5.5 million in federal funding aimed at the problem each year.

Local Weather
Currently
Memphis, TN
82.0°F
A Few Clouds
Wind: South at 5.8 mph
Humidity: 88%

EVENTS

The Bartlett Area Chamber of Commerce will hold its monthly Chamber Lunch Tuesday at 11:30 a.m. at Appling Manor, 1755 Appling Road. The topic will be the passing of the gavel to the new BACC chairman of the board. For more information, visit www.bartlettchamber.org.

more events »

Cypress Realty Holdings Buys Millington Perkins Site

8472 New Wilkinsville Road, Millington, TN 38053, Sale Amount: $1.3 Million -
Cypress Realty Holdings Co. II LLC has paid $1.3 million for the Perkins Restaurant & Bakery site at 8472 New Wilkinsville Road in Millington in a special warranty deed.

Let Diverse Opinions Rule

The recent column “Becoming the Transparent Leader” sparked a number of comments from like-minded individuals who believe businesses benefit from employees understanding their company’s financial ins and outs.

STATEWIDE

AP Interview: Haslam Rules Out Layoffs in 1st Year

NASHVILLE (AP) – Republican Gov.-elect Bill Haslam's plans for addressing Tennessee's budget problems do not include any immediate "wholesale cuts" of state employees.

Haslam Begins Regional Inauguration Celebrations

NASHVILLE (AP) – Gov.-elect Bill Haslam is kicking off a statewide tour to celebrate his inaugural with people who may not be able to make it for the formal occasion in Nashville on Saturday.

3 School Systems Get Grants to Retain Educators

NASHVILLE (AP) – Three school systems will receive grants to help them retain effective teachers and principals.

State Parks Avoid Budget Crisis, Continue Upgrades

NASHVILLE (AP) – While other states are closing parks and delaying projects, Tennessee's state parks have averted a budget crisis and are keeping up maintenance and repairs on facilities across the state.

Energy Loans Available Again in Tennessee

NASHVILLE (AP) – Pathway Lending is once again accepting applications from Tennessee businesses for its Energy Efficiency Loan Program.

REAL ESTATE

Mortgage Modifications Daunting for Homeowners

HELENA, Mont. (AP) – Laverl "Nick" Nicholson used to look out of his kitchen window at the weeping willows that mark the burial place of two of his daughters. Then a debilitating car wreck left him unable to pay the $220,000 he owed on his northwestern Montana home.

NATIONAL BUSINESS

Target Corp. to Expand its Grocery Offerings

MINNEAPOLIS (AP) – Minneapolis-based Target Corp. plans to remodel about 400 of its general merchandise stores across the nation in 2011, building upon the discounter's latest strategy to bulk up its grocery offerings.

Less Worried About Layoffs, Jobholders Spend More

WASHINGTON (AP) – A steady decline in layoffs is giving the vast majority of adults who have jobs the confidence to spend more freely and help energize the economy. They no longer worry so much about losing their jobs.

DOJ Antitrust Investigators Examining FedEx, UPS

The Justice Department is investigating claims of anticompetitive behavior by shipping companies FedEx Corp. and UPS Inc.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 119 482 10,051
MORTGAGES 119 497 11,811
FORECLOSURE NOTICES 29 82 1,716
BUILDING PERMITS 268 1,056 21,366
BANKRUPTCIES 50 263 6,700
BUSINESS LICENSES 28 151 3,584
UTILITY CONNECTIONS 33 172 4,155
MARRIAGE LICENSES 20 111 2,290

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