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Tuesday, September 15, 2015

Frothy, yes, but don't call it a housing bubble

Home prices are overheating again. In fact, twice as many metropolitan markets were considered "overvalued" in the second quarter of this year as compared to the first three months, according to a new report from CoreLogic. That is, prices are inflated relative to incomes. This is not, however, a "housing bubble," because by definition, an economic bubble eventually bursts, and home prices are very unlikely to fall.
"Just because you're overvalued doesn't mean that you're in a bubble or there is an impending crash. Some markets are overvalued because of strong fundamentals," said Sam Khater, CoreLogic's deputy chief economist.

Comcast Rolls Out Internet Usage Caps

Comcast is rolling out a trial program to add new fees for Internet subscribers who exceed 300 GB of data per month. The fee will be $10 for every 50 GB in data that’s over the threshold. Or they can pay $30 per month to get unlimited Internet service with no data caps.
It's likely Comcast's response to the slew of new products hitting the market that take up big-time bandwidth. (Heck, a new Apple TV was launched yesterday.) Comcast Vice President David Cohen hinted at the move in a 2014 earnings call when he said he expects "usage-based billing" to reach all Comcast customers within five years.
While the trial doesn't impact the Philadelphia region, the following locations are affected: Huntsville and Mobile, Ala.; Tucson, Ariz.; Fort Lauderdale, the Keys and Miami, Fla.; Atlanta, Augusta and Savannah, Ga.; Central Kentucky; Maine; Jackson and Tupelo, Miss.; Knoxville, Memphis and Nashville, Tenn.; and Charleston, S.C.

101st St. Joseph Parish Fair, Greenville, Mississippi. Sept. 15, 2015

101st St. Joseph Parish Fair The annual St. Joseph Parish Fair is considered the longest running parish fair in the state of Mississippi. Games for children of all ages, hamburgers, a silent auction, and the ever-popular spaghetti dinner with HOMEMADE meatballs are on tap. Volunteers are needed to help with the fair. Contact Missi Blackstock 662-822-1862 for more information. $100 raffle tickets are available at the parish office or by contacting Ricky DeAngelo, as well as $10 spaghetti dinner tickets and $1 raffle tickets at each school office. The 101st Parish Fair is scheduled for Tuesday, September 15, 5:00 to 9:00 p.m. at St Joseph School, 1501 VFW Road. A live auction dinner will be held Tuesday, September 22 at Vince's Restaurant in Leland. Contact Pam Miller for reservations. Anyone interested in making candy can get a recipe list from Missi Blackstock. If candy is not your forté, how about making a pastry for the Pastry Booth. The desserts can be anything from pies with or without meringue (whole or individual tart size), brownies, cream puffs, banana pudding, bars such as chess squares, lemon squares, 7 layer, ooey gooey, cupcakes, etc. You can drop these off in the St Joe School office the morning of the fair. Please mark your homemade dessert "pastry booth" so it will not be confused with the other goodies. Homemade Cakes for the cake walk are also needed and can be dropped off in the same manner. You may also donate 2-L drinks and 12 pack canned drinks for the coke ring toss and drink booth. Bring these to the school office anytime. Thank you and let's have a great fair!

Massive Fire In Orange Beach At Island Dunes Condos

A massive fire is burning at the Island Dunes Condo on Perdido Beach Boulevard — that’s on Cotton Bayou near Cottons restaurant.
No cause yet on how it started, but a city official says it started around 3 am.
Cottons Restaurant and a Remax Office are threatened, as well as a wooded area near the two-story condo.
We’ve got a crew on scene and we’ll bring your more details as they become available.