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A recent report sheds light on the problem of foreclosures in Mobile and statewide in Alabama. While not hit as hard as such states as Florida, California, and Michigan, Alabama and its metro areas have been no exception to these problems. Data confirms that the year-to-date peak median sales price for 2011 is down about 4 percent from 2010, and about 11 percent from 2008. Continue reading
Among all the conflicting economic reports, there are clear signs that things are looking up. Job creation is higher than expected, luxury car sales set a record and personal bankruptcies are declining. Continue reading
This conference, organized by the Center for Real Estate Studies at the University of South Alabama, brought some heavy duty speakers to Mobile including the Chairwoman of the FDIC. Also speaking was the Chief Economist for the Comptroller of the Currency in Washington, Dr. Nancy Wentzler, who had some interesting observations.