Saturday, May 18 2013 12:48 PM EDT2013-05-18 16:48:01 GMT
The family of an Albany teenager who died on Friday, isn't sure how they'll pay for her funeral. 16-year old Keyanna Lang died from a heart condition. Due to her illness the family couldn't keep lifeMore >>
The family of an Albany teenager who died on Friday, isn't sure how they'll pay for her funeral.More >>
Saturday, May 18 2013 8:00 AM EDT2013-05-18 12:00:09 GMT
In its effort to hire 10,000 new employees in May, Dollar General will host a career fair at Dollar General located at 2017 N Slappey Blvd. in Albany, Ga. on Saturday, May 18 from 10 a.m. to 2 p.m.More >>
The event is held as part of the major retailer's effort to hire 10,000 new employees in May...More >>
Friday, May 17 2013 11:58 PM EDT2013-05-18 03:58:09 GMT
A student-led effort to help cancer survivors ended up being a big success at a Lee County School. Friday students at Twin Oaks elementary school donated the proceeds from their effort to the Cancer CoalitionMore >>
A student-led effort to help cancer survivors ended up being a big success at a Lee County School. Friday students at Twin Oaks elementary school donated the proceeds from their effort to the Cancer Coalition of Southwest Georgia.More >>
Friday, May 17 2013 11:44 PM EDT2013-05-18 03:44:12 GMT
Furloughs for Marine Corps Logistics Base workers could start in less than two months. About 2,000 workers at the Albany base will have to take up to 11 unpaid days off in the next fiscal year that startsMore >>
Furloughs for Marine Corps Logistics Base workers could start in less than two months.More >>
Friday, May 17 2013 11:43 PM EDT2013-05-18 03:43:28 GMT
The Rat Pack came back to Albany Friday night. Sinatra and Friends performed at Doublegate Country Club to raise money for the Albany Symphony Association. The guys who play the roles of Frank Sinatra,More >>
People danced the night away to Frank Sinatra tunes.More >>
by Kristen Dahlgren, NBC News
As the long hot summer continues, it seems home sellers across the nation are having to sweat it out.
One in four has dropped their price, making this the fourth straight month with more price reductions.
Cities in the Southwest seem to be leading the way with Las Vegas seeing 56% more price cuts, but what happens in Vegas is by no means staying there.
"People just feel like their wealth is evaporating and they can't spend money. That's gonna hurt the recovery that's gonna hurt the economy going forward," says CNBC's Eamon Javers.
On that note the Federal Reserve downgraded its outlook on the economy and took measures to drive interest rates on mortgages and corporate borrowing even lower.
"The Fed sees the recovery slowing, therefore they're trying to lower mortgage rates and long term interest rates generally so business and homeowners can borrow more," explains University of Maryland economist Dr. Peter Morici.
"If you are looking for a silver lining its the fact that the interest rates are going to stay low, so if you are buying a house now is the time to do it," adds Javers.
There are plenty of sellers hoping that happens before they have to slash their price again.