Housing Affordability Index Nears 100 Mark, Highest Yet
The National Association of Realtors reports a September housing affordability index of 98.1, the highest in 62 years, driven by lower mortgage rates and a seasonal dip in home prices. Analysts note the index implies many families can qualify for a median priced resale home, with 98.1 percent of income needed for a $60,240 loan on a $75,300 home.
MENTIONED IN THIS ARTICLE
National Association of Realtors
David D. Roberts
Mobile
Ala
Roberts
Federal
National Mortgage Association
Jack Carlson
Carlson
Southern Company Posts Nine Month Earnings Rise
Southern Company reports nine month earnings of 662 million dollars, 2.57 per share, up 98 million and 19 cents from last year. Full year net income reached 817 million dollars or 3.21 per share, up 91 million and 11 cents. Utility group Alabama Power, Georgia Power, Gulf Power, and Mississippi Power form its four subsidiaries. Addison cites expanding energy needs and regional energy sales as drivers of the earnings recovery. Commercial electricity use rose eight percent to 16.5 billion kilowatthours. industrial demand up two percent to 29.5 billion kilowatthours. Residential use of electricity is noted but not completed in the excerpt.
MENTIONED IN THIS ARTICLE
Southern Company
Edward L. Addison
Alabama Power
Georgia Power
Gulf Power
Mississippi Power
Southern Electric System
Addison
State Public Service Commission
Also Mentioned on This Page
Cliff
Annabelle Barnes
Barnes Electronics
Palmetto Place
Destin Chamber of Commerce
America
Samy
Firse
Atute
First Mutual
P.O. Box
Fr. Walton Beach
Destin
N. Eglin
Mary Esther Cutoff
John Sims
Hwy
Ifslic
MLG Financial Services, Inc
Anchor Insurance Agency
FT. Walton Area
E. John Jenkins
S.W. P.O
Walton Bcx
William K
Bill) Jennings
U.S. Hwy
Sandestin
Agency
Aetna Casualty & Surety
Travelers & Hartford Fire
Insurance Co. of
North America
U.S. Fire Insurance Co
Miracle Strip Pkvy
S.E. FT. Walton Beach
Dinettes, Bars & Stools Inc
Destin Gulfview Plaza
Holiday In Destin
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