Multifamily Executive is reporting that land sales have plummeted in 2008 – down nearly 75 percent as compared to the same time last year.  As you’d expect, with the decline in sales volume there has also been a drop in price – in some area approaching a 60 to 80 percent decline in price. 
Real Capital […]

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Economic development updates for Jackson covering recent months include:
Vital Records Control, an information and management company, is building a new facility in Jackson.  The new 75,000 square foot facility will feature state of the art security and construction designs.  Fifteen new jobs will be created when the facility is completed.
Technorati Tags: Jackson business news

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There are a couple of opinion pieces out today worth reading. 
First, Ben Bernanke’s op-ed in the WSJ – “We’re Laying the Groundwork for Recovery”.  It’s come out in discussion that Bernanke clearly favored the approach being taken now (recapitalization of the banks), and while he’s clearly cheerleading a bit here, it’s worth your time to […]

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The big economic news of the past couple of days is of course the infusion of capital into banks by the Feds. 
Here’s a link to the joint statement from this morning by Treasury – Paulson, Fed Reserve – Bernanke, and the FDIC – Blair. 
Roughly half of the expected $250 billion will go to eight large […]

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In today’s Daily Data Discussion post we’re going to look at markets around the country that have the highest Housing Affordability Index values. 
Yes, we know there are some rationale criticisms of the housing affordability index (HAI), and have in fact written about many of the criticisms of the tool in the August issue of our […]

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“Truth is the daughter of time, not of authority.” – Francis Bacon
Technorati Tags: redfish quote of the day

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