Archive for December 10th, 2008

Latest Census Data Shows Winners and Losers

Continue Reading Add comment December 10th, 2008

Newspapers and TV stations across the country have been having a field day with latest Census data. The bureau is reporting information every three years–rather than every ten. It includes such stats as the twenty fastest growing mid-sized counties. Lincoln County South Dakota, congrats. In addition to steller population growth, Lincoln County residents are getting smarter. The number of people 25 and over with a bachelor’s degree there increased 82%

Not the everyone in South Dakota is happy about the data. Bloggers at the Madville Times are noting what a disaster the Bush years have been for the country, including 77% of cities showing their median income drop since 2000.

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Folks in Muskegon, Michigan (that’s it in the photo) aren’t too happy either. According to the census data, the City of Muskegon was the hardest hit in the country by job losses. Muskegon led the entire nation in unemployment in the period 2005 through 2007 with a jobless rate of 22.1% That was more than triple Muskegon’s rate at the time of the 2000 census. Detroit came in a close second with 21.6% unemployment.

Locals say the census bureau results for Muskegon were more than double the official unemployment rates reported by the State of Michigan’s Department of Labor and Economic Growth for the same years.

Two Ohio towns were listed amount the poorest in the nation. Folks in Oxford and Athens say they are unfairly ranked because of their large student populations.

And guess what, Long Island, N.Y. is more diverse. The Asian population of that original master planned community Levittown nearly doubling to 5%. Some cities on the island are seeing their Hispanic population top 60%. The white population of Harlem also doubled during the tracking period. That doesn’t count former president Bill Clinton who merely offices there.

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Bill embraces FDIC’s loan fix

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With the Bush administration refusing to enact FDIC Chairwoman Sheila Bair’s controversial loan modification plan, lawmakers are taking matters into their own hands. Read more »

Mortgage applications down after surge

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Mortgage applications fell last week, edging down after a surge in the week prior when the Federal Reserve’s purchase of debt pushed down interest rates. That enticed many homeowners to refinance. Read more »

For Sale: 8232 Shorecrest Ct., SPRING HILL, FL 34608 USA / US$ 144,444

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House for sale: Charming Choice To Call Home! Get your money’s worth with this reasonably priced 3 bedroom/2 bathroom/2 car garage stucco home on .40 acres in Spring Hill, FL 34606. This beauty offers mature oaks with nice landscaping package and shed on corner lot off Waterfall area. Inside enjoy a soaking tub in master [...]

Holliday Fenoglio Arranges $28M Financing for Oakland M-F Community

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The Hartford office of Holliday Fenoglio Fowler L.P. has arranged a $28 million first mortgage financing for Landing at Jack London Square, a 282-unit, class A multi-family community in Oakland, Calif. Working exclusively on behalf of Legacy Partners Landing L.L.C., with managing partner Cornerstone Real Estate Advisers, Holliday Fenoglio senior managing director Dana Brome and director Susan Larkin placed the five-year, fixed-rate loan with Freddie Mac.

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Henderson Global Acquires Boston M-F Community for $48M

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On behalf of its value-add CASA Partners IV fund, Henderson Global Investors, an independent investment manager, has acquired Reading Commons, a 204-unit multi-family complex located 10 miles outside Boston, for $48.5 million. The property marks the fund’s first luxury acquisition in the Northeast.

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