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VOL. 125 | NO. 198 | Tuesday, October 12, 2010

Mortgages Plummet 24 Percent

If the quarterly period between July and September had been a normal one for the local housing market – or even one characterized by recovery – homebuyers should have been lining up to take advantage of plummeting mortgage rates.

Digital-Age Marketing

Memphis-based Malco enhances patron experience

People who are going to a Malco movie theater this weekend to see Hillary Swank as a lawyer in “Conviction” or big budget stars like Bruce Willis fighting bad guys in “Red” may notice a few changes around them.

Commission Debates Charter Stand, Approves Terms For New Morgue

Shelby County Commissioners talked Monday about consolidation, education funding and minority business contracts during a session that also included a debate about building a new morgue.

Pinnacle Move Could Spark Downtown Housing Market

The recent buzz from Pinnacle Airlines Corp.’s decision to move its airport-area headquarters to One Commerce Square is generating mostly positive feedback, but real estate agents say its too early to tell how the shift of 600-plus new employees to the area will affect the Downtown housing market.

Ignite Night to Highlight Memphis’ Creative Side

A self-described “geek” event that’s already swept cities from Helsinki to New York to Sydney makes its Memphis debut at 7 Tuesday evening at Playhouse on the Square.

Local Weather
Memphis, TN
Mostly Cloudy
Wind: Southwest at 5.8 mph
Humidity: 77%


The MidSouth Association of Health Underwriters will meet Tuesday at 8 a.m. at the Crescent Club, 6075 Poplar Ave. Peter J. Stein, vice president of congressional affairs at the National Association of Health Underwriters, will speak about health care reform. Cost is free for members and $40 for nonmembers. For reservations, contact Jonathan Frisch at 322-9111 or jf@zfbenefits.com.

more events »

Cut Tuition Could Make Way Back to City Budget

Memphis City Council members will consider restoring a tuition reimbursement program cut from the city budget this past July when it meets Tuesday.

Memphis Hosts Biomass South 2010 This Week

Mid-South residents who want to learn about opportunities in the new age of agriculture can learn from national experts this week as Memphis hosts Biomass South 2010.

Greenbrier Gets Loan for Downtown Project

436 S. Front St., Memphis, TN 38103, Loan Amount: $2.1 million -
Greenbrier Partners LLC has filed a $2.1 million loan through Southern Bancorp Bank for construction at 436 S. Front St. Downtown. At the same time the loan was filed, Greenbrier signed a lease agreement with the Center City Revenue Finance Corp. that included a 10-year payment-in-lieu-of-taxes (PILOT) agreement.

Businesses Getting Unexpectedly Social

While Memphis may be slower than other markets to come to the social media dance, there are already some shining stars – frontrunners in the race against competitors to establish leadership with this marketing channel.


Memphis City Council Agenda

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


Foreclosure Freeze Could Undermine Housing Market

NEW YORK (AP)Karl Case, the co-creator of a widely watched housing market index, was upbeat three weeks ago. Mulling the economy while at a meeting at a resort near the Berkshires, Case thought the makings of a recovery were finally falling into place.

White House Doubts Need to Halt All Foreclosures

WASHINGTON (AP) – A top White House adviser questioned the need Sunday for a blanket stoppage of all home foreclosures, even as pressure grows on the Obama administration to do something about mounting evidence that banks have used inaccurate documents to evict homeowners.


Poll: Weak Economic Growth Expected Through 2011

WASHINGTON (AP) – Top forecasters say the economy will grow this year and next at a slower pace than previously thought, weakened by governments and consumers spending less so they can pay down debt.

Unemployed Find Old Jobs Now Require More Skills

WASHINGTON (AP) – The jobs crisis has brought an unwelcome discovery for many unemployed Americans: Job openings in their old fields exist. Yet they no longer qualify for them.


No Boost for Social Security Checks in 2011

WASHINGTON (AP) — As if voters don't have enough to be angry about this election year, the government is expected to announce this week that more than 58 million Social Security recipients will go through another year without an increase in their monthly benefits.

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PROPERTY SALES 80 401 13,843
MORTGAGES 99 439 16,005
BUILDING PERMITS 233 998 28,755
BANKRUPTCIES 49 276 8,926

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