School now owns almost entire block facing athletic fields
May 21, 2009 8:20 PM
Analysts find some common ground, but spar over volume methodologies
May 21, 2009 6:59 PM
That's the message market watchers are taking away from a Credit Suisse chart that compiles when various mortgage loans will be repriced. A key cog in the machine are 'Alt-A' and option ARM loans, says Matthew Padilla: "Subprime resets are still going on, but decreasing in frequency over the rest of 2009. However, prime resets and resets on loans to people with decent credit scores but special circumstances (stated income) are heading straight up through early 2012." Zacks' Dirk van Dijk says that, "unlike sub-prime mortgages, these were for the most part targeted at more upscale homeowners. The next wave of foreclosures will be in gated communities, not on the "wrong side of the tracks."
As foreclosures move more upscale, we may well see an increase in median existing home sale price. I'm sure this will be spun as good news of a housing bottom. Don't believe it -- it just means that the cancer is spreading.
May 21, 2009 12:22 PM
Limestone County officials say that, despite the passage of several laws aimed at stopping its activities, the Rogers Group continues to run a rock quarry in the area.
May 21, 2009 8:15 AM
The Christian Science Monitor checks in with a story on how the housing crisis is forcing many people to stay put longer than they might otherwise have.
The rate of Americans changing addresses is at the lowest level since 1948, when the Census Bureau began tracking nationwide mobility trends. The number of people who moved in 2008 fell to 11.9 percent compared with 13.2 percent the year before. In total, 35.2 million people changed residences last year, the smallest number since 1962.
May 20, 2009 5:33 PM
The Metro Council budget and finance committee on Monday voted to set up a Web site dedicated to tracking revenue generated by taxes dedicated to funding the proposed Music City Center as well as the outlays related to land acquisitions in SoBro.
May 19, 2009 8:16 AM
POSTDATA: WARRANTY DEEDS