| Sarasota-Bradenton home sales 2nd in '07
Realtors sold more houses in Bradenton-Sarasota in December than did their counterparts in all but three of Florida's 20 major housing markets. Only Jacksonville, Orlando and Tampa-St. Petersburg - all more populous areas - reported more sales. Miami and Fort Lauderdale both reported fewer sales and more drastic declines in sales than did Bradenton-Sarasota, according to statistics released Thursday by the Florida Association of Realtors. For the year, Bradenton-Sarasota tied the Naples/Marco Island metropolitan statistical area as the state's second best performing market. The latest statistics, which showed that local sales were down 10 percent in December compared to the same month a year earlier, were a major improvement over the statewide average, which was down 31 percent.
AP Executive Morning Briefing
LOS ANGELES (AP) _ The number of U.S. homes that slipped into some stage of foreclosure in 2007 was 79 percent higher than in the previous year, a real estate tracking company said Tuesday. Many homeowners started to fall behind on mortgage payments in the last three months, setting the stage for more foreclosures this year. About 1.3 million homes received foreclosure-related warnings last year, up from 717,522 in 2006, Irvine-based RealtyTrac Inc. said. Foreclosure filings rose 75 percent from the previous year to 2.2 million. ___ Fed Weighs Another Rate Reduction WASHINGTON (AP) _ Individuals and businesses are likely to see their borrowing costs drop further as the Federal Reserve weighs another interest-rate reduction to bolster a sagging economy. Fed Chairman Ben Bernanke and his colleagues are scheduled to open a two-day meeting Tuesday afternoon to plot their next move on interest rates.
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In Fla., age is an issue for McCain
THE VILLAGES, Fla. - On the final weekend before the Florida Republican primary, John McCain went after a key element of his political base: people his age and older. The 71-year-old senator from Arizona visited this upscale central Florida retirement community yesterday. He had spoken at another one, Sun City Center, the day before. In both cases, the crowds were large, the reception warm. "I have no problem with his age; I got smarter as I got older," said Richard Hunsicker, 81, a retired computer executive who says he plans to vote for McCain tomorrow. "You get to know a lot more if you keep going. That's one reason I can't see this Barack Obama. He's so green." McCain would be the oldest incoming president in American history. By Inauguration Day, he would be two years and five months older than Ronald Reagan was on taking office in 1981.
Schall enters race for the 5th
If we are going to leave our grandchildren a better place to live, Congress must spend more time representing the voters and less time fundraising, he said.
Schall described himself as a lifelong member of the United Methodist Church, and he said he supports the churchs pro-life and anti-gambling social principles. He and his wife, Mary, are actively involved in mission work with the church, and they have served on many mission teams to Western Pennsylvania, the Gulf coast, Latin America, and Eastern Europe, he said.
The 5th U.S. Congressional District includes Armagh, Decatur, Derry and Granville townships in Mifflin County, as well as Burnham, Juniata Terrace and Lewistown boroughs. The district also includes Fayette Township in Juniata County, portions of Clearfield, Crawford, Tioga, Venango and Warren counties, and all of Cameron, Centre, Clarion, Clinton, Elk, Forest, Jefferson, McKean and Potter counties.
Chicago Startup Touts Alternative Billing Structure, Lower Fees
Three civil trial lawyers have launched a firm in Chicago called Valorem, Latin for "value," that they hope will be an answer to clients' increasing demand for alternative fee arrangements that lower legal costs. Patrick Lamb and Hugh Totten, both in Chicago, and Mark Sayre, in Los Angeles, have joined together to start the firm. Lamb formerly worked at Katten Muchin Rosenman for 18 years before moving to Butler Rubin Saltarelli & Boyd for the past seven while Hugh Totten was at Kirkland & Ellis for 18 years before moving to Perkins Coie in 2004. Mark Sayre joined Jackson & Wallace in 2004 from Schaffer & Lax. The firm will focus on high-end commercial civil litigation and work with clients to agree on fixed rates, contingency fees, monthly retainers or other arrangements, Totten said in an interview.
AMB Property Corporation(R) to Present at NAREIT's Annual Convention
SAN FRANCISCO, Nov. 14 /PRNewswire-FirstCall/ -- AMB Property Corporation(R) (NYSE: AMB) , a leading developer and owner of industrial real estate, today announced that Hamid R. Moghadam, the company's chairman and CEO, is scheduled to make an appearance at the National Association of Real Estate Investment Trust's Annual Convention being held at the Bellagio Hotel in Las Vegas, Nevada. Mr. Moghadam will participate in a panel titled, "The Global Real Estate Investment Proposition - The Americas." This session will take place on Thursday, November 15, 2007 at 9:00 AM PST. The panel session will be broadcast via audio-webcast and can be accessed in the Investor Relations section of the company's website at http://www.amb.com. The webcast replay will be available until 5:00 PM PST on Thursday, November 29, 2007.
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