WIRE News thru 8/2
Vol. 2, Issue 30
Welcome to ACRE's weekly digital publication - the WIREWIRE is the acronym for "Week In Real Estate". Delivered weekly, on Saturday mornings, the WiRE is categorized geographically and is designed to help real estate professionals, affiliates and consumers follow all the major news stories that impact real estate in Alabama.  We hope this will be a convenient way to catch up on anything you may have missed during the week without interrupting your workday. The WiRE is brought to you compliments of theACRE Corporate Cabinet.


ACRE Corporate Cabinet News
Statewide & Nationwide

What would the end of Fannie Mae & Freddie Mac mean for mortgage business? 

Rising mortgage rates lead to drop in pending home sales 

Regions goes after Lone Star real estate lending 

Alabama's economic growth on pace with 2012 

ALDOT director says economic development put some counties at top of ATRIP funds list 

D. Scott McLain, CCIM: Location, Location, Location? Are the Rules Changing? 

Mini-apartments are the next big thing in U.S. cities 

Home sales down slightly, but it may be too early to blame interest rates 

Retail touted as viable economic development focus in Alabama 

Mobile homes: The original housing bubble 

ResCap paying $198M for US foreclosure claims 

US construction spending down 0.6 percent in June 

American Homes 4 Rent shares drop after IPO

North Alabama-
Huntsville,
Decatur, Florence, Gadsden, Muscle Shoals

North Alabama REALTORS® Launch Free Mobile Real Estate App 

Woman Puts Home On Market, Scammers Put Listing On Craigslist 

Gadsden to open recycling center 

North Central Birmingham, Anniston, Bessemer, Pell City, Sylacauga

Bank forecloses on Clairmont land meant for $35M apartment complex 

Plans revived for $7M apartment complex near UAB 

Jeffrey Bayer: An idea that could fix Birmingham  

LAH Real Estate dives into Florida coast real estate market 

Pelham proposal includes apartments, new route connecting Valleydale Road, Highway 119 

Colonial Properties Trust reports flat earnings 

Home developer buys eyesore on Montclair Road 

West Alabama Tuscaloosa, Black Belt

Task force analyzing Tuscaloosa's student housing supply and demand to hold first meeting Wednesday 

South Central - MontgomeryAuburn, Lake Martin, Phenix City

Centerline Capital Group Refinances a Multifamily Facility in Wetumpka 

Montgomery apartment fire displaces eight families 

Woodland Heights marks transition between old, new Prattville 

JR Towne remembered as 'father figure' to Montgomery area Realtors  

MPS approves property deal to move LAMP, MTEC into former Montgomery Mall 

Wiregrass- Dothan, Troy

Corvias Campus Living Unveils First Student Housing Development in Dothan

Students impressed by ACOM housing

Gulf Coast Mobile, Baldwin CountyGulf Shores, Orange Beach

Condo median sales price along Alabama gulf coast advance in June 

Atlanta investor paid $2.375 million for 31 acres in Bon Secour Village

$1.4 million slated for improvements at Live Oak, Fort Morgan 

Alabama Coastal Residents Bracing for Major Flood Insurance Increases 

Eagle's Landing housing expansion dedicated, providing a transition for homeless veterans  

Mobile, Baldwin homeowners to scramble for limited number of $5,000 'safer home' grants  

Statewide Education & Outreach Opportunities
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For more information, contact Grayson Glaze (205) 348-7714. 
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