Thursday, March 11, 2010

First-time jobless claims drop slightly last week - Yahoo! News

First-time jobless claims drop slightly last week - Yahoo! News

WASHINGTON – The number of newly laid-off workers requesting unemployment benefits slipped last week, the latest sign the employment picture is slowly brightening.

The Labor Department said initial jobless claims fell by 6,000 to a seasonally adjusted 462,000. That's close to Wall Street analysts' estimates of 460,000, according to Thomson Reuters, and the second straight drop.

The figures come after other mildly positive news on employment. Job openings rose in January to their highest level in almost a year, the department said on Tuesday. And the unemployment rate was unchanged at 9.7 percent in February, the department said last week, better than analysts expected. The jobless rate hasn't risen since October...

Tuesday, March 9, 2010

Nashville consumer spending may be on upswing | tennessean.com | The Tennessean

Nashville consumer spending may be on upswing | tennessean.com | The Tennessean

There are hopeful signs that consumers are ready to open their wallets again. Customers appear to be spending a bit more, pushing up sales and profits at national retail chains. And Nashville-based stores like Genesco Inc. say it is poised to grab even more of the hat-wear market, after beating Wall Street's expectations in its last quarter's sales results...

Friday, February 12, 2010

Fewer Home Sellers Cut Asking Prices for Homes in January 2010 | RISMedia

Fewer Home Sellers Cut Asking Prices for Homes in January 2010 | RISMedia

RISMEDIA, February 12, 2010—Just over 40% of available homes for sale had reduced prices in January 2010, compared with 44% in December 2009, according to a monthly survey of home listings in 27 markets conducted by the national real estate brokerage ZipRealty.

With fewer reduced price homes available in January, sellers were able to ask for their original list prices, rather than cut them to attract buyers.

“Sellers are taking a realistic look at current market conditions before listing their homes,” said ZipRealty CEO Pat Lashinsky. “We have a lot fewer homes for sale right now than we did last year, and we are seeing more sellers sticking to their original list prices, rather than cutting them to try to attract buyers.”

Wednesday, January 20, 2010

Middle TN home sales gains spark optimism | tennessean.com | The Tennessean

Middle TN home sales gains spark optimism | tennessean.com | The Tennessean

...Middle Tennessee home sales rose by more than 13 percent in December compared to a year earlier. And the median home price as reported by the Greater Nashville Association of Realtors has stopped falling, leveling off at $164,000 for the month, another positive sign...

...Sumner County was one of the most resilient in terms of median home values, falling less than 3 percent over the past three years. That's because home prices were relatively affordable compared to other suburban counties such as Williamson and Wilson, and the schools have a good reputation, said Aretha Mims, the president of the Sumner Association of Realtors. The median home price in Sumner County was $175,000 last year...