Number of Savannah homes ‘under water’ declines
Approximately 2.5 million more residential properties returned to a state of positive equity during the second quarter of 2013, and the total number of mortgaged residential properties with equity currently stands at 41.5 million, according to CoreLogic, a residential property information provider.
In Savannah, 23.4 percent, or 12,061, of all residential properties with a mortgage were in negative equity as of the second quarter 2013 compared to 30.4 percent, or 15,605 properties, in the first quarter of 2013.
An additional 6.5 percent, or 3,323 residential properties, were in near negative equity for second quarter 2013 compared to 7.1 percent, or 3,632, in first quarter 2013.
Nationally, 7.1 million homes, or 14.5 percent of all residential properties with a mortgage, were still in negative equity at the end of the second quarter of 2013, down from 9.6 million homes, or 19.7 percent at the end of the first quarter of 2013.
Kroger customers encouraged to help food bank
Kroger stores throughout the Savannah area are encouraging customers and employees to donate to the Second Harvest of Coastal Georgia Food Bank to help replenish their dry grocery section after a freezer rollapsed over the Labor Day weekend.
As of Wednesday, customers can “round-up” their purchase to the nearest dollar amount or make a flat dollar donation at all Savannah-area Kroger stores to help replace more than 1,000 pounds of spoiled food contents.
In addition, Kroger will donate nearly $5,500 in product – including peanut butter, macaroni and cheese and canned green beans – to help rebuild stock.
Visit www.kroger.com to find the location nearest you.
Lecture to focus on ‘design thinking’
The September session for Savannah SCORE’s Top Ten Lecture Series will be titled “Applying Design Thinking to Your Business.”
The presentation in the SCORE conference room, 111 E. Liberty Street, from 11:30 a.m. to 1 p.m. on Sept. 25 will feature business sstrategist Giselle Rahn.
The presentation will explain how industrial thinking is a creative tool to identify consumer needs or unique business opportunities.
The program is free, but bring your lunch. RSVP by calling 912-652-4335.
