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

Forgot your password?
Skip Navigation Links
VOL. 126 | NO. 198 | Tuesday, October 11, 2011

Q3 Mortgages Rise, Recovery Still Slow

It’s tempting to look at the third quarter’s local mortgage numbers and regard that thumping sound as the real estate market’s pulse, weak for so long but slowly regaining strength.

September Mortgages Drop 3.2 Percent

The housing market saw a little bit of a pickup in the third quarter compared to Q3 2010 – but the same didn’t hold true for the month of September.

Community Connector

Calvary & the Arts season returns with eclectic lineup

For more than 30 years, Calvary Episcopal Church – the mother parish of the Episcopal Church in Memphis – each autumn has delivered a unique, free and convenient lunchtime musical experience in the heart of Downtown Memphis.

Orgel Heads New Consolidated School Board

The new chairman of the countywide school board will go to work in about two weeks when the board meets again after its first organizational session Monday evening.

Report: Delta Making More Cuts at MEM

Delta Air Lines Inc. is cutting service from Memphis International Airport to seven cities according to the airline industry website, www.airliners.net.

Local Weather
Currently
Memphis, TN
68.0°F
Partly Cloudy
Wind: South at 10.4 mph
Humidity: 39%

EVENTS

The National Association of Women Business Owners will meet Tuesday, Oct. 11, from 11:30 a.m. to 12:45 p.m. at The Crescent Club, 6075 Poplar Ave. Seating is limited. Cost is $25. Lenny’s franchise owner Edith Kelly-Green is speaking on “The Secret of My Success.” For more information or to register, visit nawbomemphis1011.eventbrite.com.

more events »

Fayette, Tipton Q3 Sales See Uptick

Like Shelby County, home sales in both Fayette and Tipton counties saw increases during the third quarter – up 13.7 percent and 3.3 percent, respectively, compared to the same period last year.

Agents Moonlight to Cope With Slump

In tough times, many local real estate agents seek secondary sources of income to compensate for the market’s instability.

Amazon.com Deal Changes Incentives for Company

The first tip last week that the latest jobs announcement by Tennessee Gov. Bill Haslam would be a little different was that he did it in the old Tennessee Supreme Court chambers in Nashville.

$18.8M Loan Filed to Build Robinwood Retirement Community

Construction Loan For Robinwood Retirement Community, Loan Amount: $18.8 million -
Lincoln, Neb.-based Robinwood Retirement Community LLC has filed an $18.8 million construction loan through First National Bank of Omaha for 11.6 acres in Bartlett slated to become Robinwood Retirement Community. The loan, dated Sept. 27, matures in 2014 with a conversion option that would extend its maturity to 2016.

LOCAL COLUMNISTS

Mother Nature And Management

If you desire to become a better manager, you can read a plethora of management books and experiment with the ideas you encounter. However, this is, at best, a hit-and-miss approach. Some authors know of what they speak and some couldn’t pour water (shall we say) out of a boot if the instructions were written on the heel. If you desire to improve your management skills, occasionally turn to Mother Nature for guidance.

Movement In The Logjam

I’ll admit that the pessimism over-ran me last Monday as the market slashed through its August lows after a brutal third quarter. My contrarian instincts insisted that a market turnaround couldn’t be far. To set the stage, the average U.S. stock mutual fund lost 17 percent in the third quarter, while the average international fund shed 21 percent.

MEMPHIS AREA

Tickets Go on Sale Tuesday for Elvis Celebration

MEMPHIS (AP) – Tickets go on sale Tuesday for Elvis Presley's most dedicated fans for next year's 35th anniversary celebration of his death.

STATEWIDE

Tennessee Gov. Refuses to Disclose Personal Income

NASHVILLE – Gov. Bill Haslam, who drew sharp criticism from his gubernatorial campaign opponents by releasing only limited information on the amount of his personal income, has decided to release no information whatsoever now that he is in office.

AARP to Help Raise Awareness About Voter ID Law

NASHVILLE (AP) – AARP Tennessee is collaborating with the state's coordinator of elections to help people meet the requirements of a new law requiring photo identification to vote.

Gibson Guitar CEO Defends Company Amid US Probe

NASHVILLE (AP) – The head of Gibson Guitar said Saturday that he strongly backs conservation as well as federal enforcement of laws meant to protect the tropical hardwoods that his company uses for instruments.

NATIONAL BUSINESS

Families Relying on More Money Smarts to Get By

CHICAGO (AP) – Americans have been forced to take a crash course in money management, and class is still in session.

Bank Earnings to Reflect Slowdown From Q3 Turmoil

NEW YORK (AP) – Investors are bracing for a rough earnings season from banks.

Dr Pepper Ten: 'No Women Allowed'

NEW YORK (AP) – Dudes don't drink diet.

Unemployed Seek Protection Against Job Bias

WASHINGTON (AP) – After two years on the unemployment rolls, Selena Forte thought she'd found a temporary job at a delivery company that matched her qualifications.

NATIONAL POLITICS

Obama, European Leaders Discuss Financial Crisis

WASHINGTON (AP) – The White House says President Barack Obama urged decisive action to resolve Europe's financial crisis during calls Monday with the leaders of Britain and France.

Deficit 'Supercommittee' Struggles as Clock Ticks

WASHINGTON (AP) – The supercommittee is struggling.

TECHNOLOGY

Apple Says Pre-Orders of iPhone 4S Break Record

NEW YORK (AP) – Apple says first-day pre-orders of the iPhone 4S topped 1 million, breaking the record set by last year's model.

Netflix Kills Plan to Split Off DVD Rentals

NEW YORK (AP) – Netflix generates more head-scratching plot twists than a cheap B-movie.

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


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 110 405 5,939
MORTGAGES 141 492 7,092
FORECLOSURE NOTICES 0 85 1,115
BUILDING PERMITS 161 1,006 12,591
BANKRUPTCIES 43 259 4,347
BUSINESS LICENSES 49 184 2,363
UTILITY CONNECTIONS 22 160 2,540
MARRIAGE LICENSES 31 108 1,235

Weekly Edition

Issues | About

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