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VOL. 125 | NO. 31 | Tuesday, February 16, 2010

A subtle improvement

Realtor rosters highlight industry dip, but all not lost

From declining sales to falling prices, the housing industry has been hammered recently, and nowhere is that more evident than in Memphis Area Association of Realtors membership numbers.

Housing Slump Won’t Hinder MAAR Centennial

As a head of the local trade organization for real estate professionals for 26 years, Jules Wade has seen plenty of ups and downs in the industry.

Ford Remains Coy as Candidate Field Forms

Interim Shelby County Mayor Joe Ford continued to weigh his political options over the weekend as other contenders on the May and August ballots prepared to take their campaigns to the streets.

Poor January Home Starts Blamed on Inclement Weather

January’s foul weather wreaked havoc on homebuilders, as the barrage of snow, ice and cold temperatures severely limited the ability to start homes.

Stanford Downfall Offers Lesson for Wary

One thing appears clear one year after the alleged investment fraud that wrecked Stanford Financial Group: All that glitters is not gold.

Local Weather
Currently
Memphis, TN
50.0°F
Fair
Wind: Southwest at 9.2 mph
Humidity: 43%

EVENTS

The Better Business Bureau of the Mid-South will hold a breakfast seminar today from 7:30 a.m. to 9 a.m. at the BBB, 3693 Tyndale Drive. Darren Howard of Dale Carnegie Training will speak. For reservations, contact Nancy Crawford at 757-8627 or ncrawford@bbbmidsouth.org.

more events »

Downtown’s Exchange Building In Foreclosure

The Exchange Building, a century-old, 19-story apartment tower at 130 Madison Ave., is in foreclosure after its owner defaulted on a loan, according to a first-run notice that begins on Page 31 of today’s print edition of The Daily News and also at The Daily News Online, www.memphisdailynews.com.

Stratford Place Owner Files $1.4 Million Loan

1806 and 2098 Poplar Ave., Memphis, TN 38104, Loan Amount: $1.4 million -
Stratford Place LLC, the owner of the Stratford Place apartments at 1806 Poplar Ave. and the Midtown Place apartments at 2095 Poplar Ave. in Midtown, has filed a $1.4 million deed of trust, security agreement, assignment and rents and fixture filing statement through Union Central Life Insurance Co. on the properties.

STATE LEGISLATURE

Legislation Templates Make Proposing Bills Easy

NASHVILLE, Tenn. (AP) - For state legislators across the country, sponsoring bills can be as easy as filling in the blanks.

STATEWIDE

Tenn. Gets $12M Stimulus Grant for Health Records

NASHVILLE, Tenn. (AP) - Gov. Phil Bredesen has announced Tennessee will receive nearly $12 million in federal stimulus money to help health care providers use and exchange more electronic health information.

Corker Praises Vision in Getting VW Plant in Tenn.

CHATTANOOGA, Tenn. (AP) - U.S. Sen. Bob Corker says clearing land ahead of time helped Volkswagen pick Chattanooga for a new plant site.

REAL ESTATE

States Turn To Commercial Properties for Cash

LOS ANGELES (AP) – Political cynics often joke about statehouses being for sale to the highest bidder. These days, that’s not far from the truth.

NATIONAL BUSINESS

Schools Face Big Budget Holes as Stimulus Runs Out

SAN FRANCISCO (AP) - The nation's public schools are falling under severe financial stress as states slash education spending and drain federal stimulus money that staved off deep classroom cuts and widespread job losses.

Use of Temps May No Longer Signal Permanent Hiring

WASHINGTON (AP) - It's not the signal it used to be.

Toyota May Lengthen Warranties to Keep Customers

ORLANDO, Fla. (AP) - Toyota Motor Corp. may offer incentives or increase the length of its warranties as it tries to recover from an embarrassing string of safety-related recalls.

NATIONAL POLITICS

Justices Adopt Fla. Foreclosure Mediation Rules

TALLAHASSEE, Fla. (AP) – Lenders will be required to pick up the tab for investigating and verifying ownership and then try mediation before foreclosing Florida home mortgages under new rules approved Thursday by the Florida Supreme Court.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 46 229 20,995
MORTGAGES 74 248 24,609
FORECLOSURE NOTICES 0 27 8,637
BUILDING PERMITS 478 837 43,174
BANKRUPTCIES 61 177 14,079
BUSINESS LICENSES 12 58 6,459
UTILITY CONNECTIONS 29 114 13,625
MARRIAGE LICENSES 20 67 5,136

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