More mixed signals on the local economy:
1) Real estate: Greater Rome sales drop--but prices rise
| | August 2009 | July 2009 | August 2008 | Year-to-year |
| Homes sold | 51 | 74 | 78 | -34.6% |
| Average price | $138,507 | $125,153 | $128,210 | +8.03% |
The latest statistics from the Greater Rome Board of Realtors show 51 homes sold in August, down from 74 in July and from 78 homes sold in August 2008. The drop offsets what had been several months of improving home sales. But their is good news--for the seller, at least: The average price of a home sold in August was $138,507, up 8 percent from the same month in 2008 and up 10.7 percent from July 2009. A big factor in real estate these days is the $9,800 in tax incentives for first-time buyers or those who haven't owned homes in at least three years.
2) Industry: Shaw to close Ringgold plant, idle 430 workers> Chattanooga
-It is Dalton-based Shaw Industry's fourth major layoff in the state this year, including 390 workers in Calhoun. Those four plants alone account for nearly 1,200 job losses since Jan. 1
>More jobs: Look for the state's first-time unemployment insurance claims report later this week. It is an indicator on how the August jobless rate will look.
>Shorter, state career fair set for Sept. 24; register now for free> Details
More business updates:
-Circuit City building now on LoopNet listings: The 33,071-square-foot stand-alone building in front of Mount Berry Square is listed for lease with options including medical-office or retail. The national retailer closed earlier this year> Click
-Chamber Business After Hours set for Sept. 17 at Courtesy Ford: The next Greater Rome Chamber of Commerce Business After Hours is set for Thursday, Sept. 17, from 5:30 until 7 p.m. at Courtesy Ford Lincoln Mercury, U.S. 411. To register, please click here.
-After a huge weekend, another big one brewing in downtown Rome. Headlining it all: the Rome International Film Festival.
Your latest forecast:
-Wednesday: Partly cloudy, high of 88, low of 65. Rain chance: 20-30%
-Thursday: High of 84, low of 64. Rain chance: 20-30%
-Your extended forecast> Weather / Local radar > Radar
John McClellan's Friday night picks:
-Tight game ahead for Pepperell.
-Rome wins first of the year while Darlington goes 0-3.
-Cedartown bounces back vs. Coosa; Model gets first win of the year.
-For more, click Football Report.
Calhoun, Pepperell, Rome get some love--from computer poll? Details
-Here's where Florida can put it's precious 2009 football media guide.
-That's Norman, left, with a real collector's item this year: the Gator media guide. How did he get it and where did it go?
-Braves' season ends, SAL playoffs begin.
-Follow the Gwinnett Braves into the playoffs.
-Mills Fitzner's pictures from the 2009 season> Gallery
-'Softball Slam' coming to State Mutual Stadium Oct. 23-25> Sports
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